⚡️The consumer-grade public chain Morph has launched its profit-making model.

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1 year ago

⚡️Consumer-grade public chain Morph launches profit-making mode, airdrop points giveaway|Detailed interpretation and acquisition tutorial——

Today, the most eye-catching performance is BGB breaking 5U. As a public chain incubated by Bitget, the consumer-grade public chain Morph has also announced significant updates to its points system and details of its airdrop plan.

I previously wrote that Morph is a "people-centric" public chain. After Ethereum transitioned to PoS, it faced internal growth expectations and external strong competition from Solana, along with the homogenization of many L2 business models and a lack of narrative.

Morph positions itself as a "consumer-grade L2," with technical applications across various consumer scenarios such as social, finance, art, gaming, and real-world asset tokenization. Compared to some other L2 projects that focus on specific fields or technologies, Morph's application scenarios are broader;

The launch of Morph's mainnet may change the landscape of L2 to some extent.

Today, the airdrop activity and details were launched, and I will study it carefully. I also recommend everyone to pay attention to the existing opportunities:

1️⃣What is Morph——

I previously wrote a research tweet:

Morph, as a global consumer-grade public chain, is led by Dragonfly Capital, with follow-up investments from Pantera Capital, Foresight Ventures, and others; the angel round was incubated by Bitget.

Morph is currently in the early stages of development, offering great potential for early participants.

The core goal of the project is to attract more users and liquidity by providing efficient payment financial services (PayFi), becoming a leader in consumer-grade public chains.

2️⃣How to configure the Morph network——

- Add the Morph network to your wallet via ChainList; (https://chainlist.org/zh?search=morph&testnets=false)

- For mobile, it is recommended to use Bitget Wallet (https://web3.bitget.com/en)

Currently, Morph has received ETH deposit and withdrawal support from mainstream trading platforms such as Bitget and MEXC.

The Bitget wallet has completed deep integration with the Morph chain, and users who download the Bitget wallet can receive additional points rewards and activity incentives.

3️⃣How to acquire Morph points to ensure your airdrop rewards;

Morph will allocate 10% of its tokens for community airdrops and ecosystem activity growth, providing a total of 1.6 million points, with the activity lasting until February 20, 2025.

Users can earn points through cross-chain asset transfers, paying gas fees, and inviting new users.

Additionally, users can also earn ecosystem points by interacting with ecosystem applications such as BulbaSwap/Kaboom.

a. Cross-chain operations:

Use the official Morph migration bridge to transfer ETH to the Morph network. (https://www.morphl2.io/points/greattoken_migration)

Alternative: Withdraw ETH from Bitget exchange to the Morph network, with very low transaction costs.

b. Earning points:

Interact with decentralized exchanges (DEX)

Recommended platform: BulbaSwap (https://bulbaswap.io/) Perform swap transactions on BulbaSwap to earn not only Morph ecosystem points but also specific points from the BulbaSwap platform.

Detailed tutorial

  1. Click Connect Wallet to connect your wallet;

  2. After connecting the on-chain wallet, select the currency you want to trade (e.g., ETH -> Cecilia), then click the Swap button to complete the interaction.

c. Other channels to obtain airdrops (Bitget Wallet):

The Bitget wallet and Morph activities can be found on the discovery page - Earn Coin Center - scroll down to the Morph Mainnet activities. There are 5-6 activities, each with an NFT certificate, which is likely related to the subsequent Morph airdrop;

For specifics, you can refer to this tutorial:

https://docs.google.com/document/d/1sSbI5CNCfF0I9GChcTqXKQkwKdvX7PEgb8hYMf-RYFw/edit?usp=sharing

Conclusion:

After carefully going through the process, I found that this might be the best time to participate in the Morph airdrop points activity. If you miss this wave, you may have to wait for the next opportunity;

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