Smart contract upgrades and newly integrated masternodes have given MNW a new bullish momentum, which could successfully set up the project in 2022.
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Global supply chains have become an area of focus over the past few years, and pressure from the pandemic and backlogs of ports have resulted in mass shortages of everyday items.
One protocol that is focusing on optimizing supply chain management and building power based on data from Cointelegraph Markets Pro is Morpheus.Community (MNW), a software-as-a-service middleware provider. Supply chain services are designed to integrate legacy systems with emerging technologies.
According to data from Cointelegraph Markets Pro, market conditions for MNW have been quite favorable for some time.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of current and historical market conditions derived from a combination of data points. These include market sentiment, trading volume, recent price movements, and Twitter activity.
As shown in the chart above, the VORTECS™ Score for MNW has been elevated in the green zone for most of the past week and hit a high of 91 on January 15 when its price started trending higher with a high of 91. spiked 26% to $1.75.
Here are three factors that support building momentum for MNW.
Morepheus upgraded his smart contract
One of the biggest factors affecting the price and momentum of MNW over the past few months has been the smart contract upgrade and token swap process that started on October 19, 2021.
Https://t.co/VDc7slHmXR MNW token here! Swap has begun!$ MRPH -> $ MNWhttps://t.co/C7XO9j67cT
– Morpheus.Community (@MNWSupplyChain) October 19, 2021
During the upgrade to new enterprise smart contracts for enhanced security and higher efficiency, a token swap was conducted from the old MRPH token to the new MNW token on base 1: 1.
With the newly adopted smart contracts, blockchain-hosted programs are now automatically enforceable under certain terms or conditions agreed upon by the parties involved, similar to contracts. in the real world.
These upgrades bring a new level of automation by enabling instant results while reducing the need for third-party intermediaries.
Introducing masternodes
The masternodes integrated into the protocol’s structure are the second development responsible for the bullish outlook of Morpheus.Community. This results in a more decentralized network while also giving members of the community the opportunity to contribute to the ecosystem in exchange for rewards.
Introducing MASTERNODES! https://t.co/whZBj2SQhj$ MNW
– Morpheus.Community (@MNWSupplyChain) December 22, 2021
The deployment of masternodes is set to take place during the year-long token swap period ending October 19, 2022. Alpha and Beta testing programs will provide token holders with quote MNW APR 18% based on the amount of tokens they have staked.
The smallest node available to operate requires a 1,800 MNW key. The largest node operators require a commitment of 360,000 MNW to validate transactions.
Morpheus.Network dedicates 1.2 MNW rewards to alpha and beta testing programs. 12.5% of the funds will go to alpha nodes while the remaining 87.5% will be distributed to beta nodes throughout 2022.
Related: Altcoin Roundup: Three Blockchain Protocols Confront the Supply Chain Crisis
Investors are optimistic about new partnerships
The third factor driving the growing VORTECS™ Score and positive outlook for MNW is the growing ecosystem of partnerships as well as growing recognition from the broader supply chain community of the What protocol has been achieved.
In October 2021, Morpheus.Network was selected to receive the 2021 ISCEA PTAK Award for Supply Chain Excellence at the SCTECH2021 conference. It was also named a finalist for the 2021 Enterprise Blockchain Awards.
https://t.co/VDc7slHmXR is a finalist for the Enterprise Blockchain Awards 2021! Winners will be announced on Tuesday, November 16, 2021 starting at 7pm Eastern, show us your support by registering for the event: https://t .co/3jAmCmKFuG #Blockchain # EBA2021 @blockchainRI $ MNW
– Morpheus.Community (@MNWSupplyChain) November 16, 2021
In terms of partnerships, Morpheus.Network has partnered with Geometric Vitality Company and House-X to contribute to the DOGE-1 mission to the moon. This will allow the protocol to explore new ways to optimize the space supply chain.
More recently, Morpheus.Community also partnered with VIDT Datalink to help bring more transparency and security to the world’s supply chains.