Last UpdatedJanuary 2023
All traders on Morpher are also Morpher token (MPH) owners. MPH is an ERC20 token, built on top of Ethereum like almost all of Decentralized Finance (DeFi). Following the ERC20 token standard makes MPH natively compatible with nearly all crypto wallets and crypto exchanges. Every trade on Morpher is placed using MPH tokens, and all gains/losses are paid out in MPH. Even with fiat-stable trading planned in a future release, MPH will always be the settlement currency. This is because MPH uniquely enables the entire Morpher Protocol. MPH tokens are available for buying and selling on several crypto exchanges. A user's ability to convert MPH into other currencies and vice versa, as well as the currencies available, will vary by exchange. Support for more exchanges and easier buying and selling is always in development.