Denarii (DEN) Token
Denarii (DEN) is the main currency in Morpheus. It is a utility token used in the Morpheus Metaverse as the basis for all transactions and interactions. Similar to other tokens, you will need DEN to purchase items or pay for services within the Metaverse. DEN can be used to
Access a variety of activities. For example, users can spend DEN to join exhibitions, buy BLOCKs to construct their own museums, galleries, and businesses, purchase items, hire creators in the Metaverse, and trade NFT items.
Stake, which turns into a passive revenue stream for participants.
Purchase LANDs or rent LANDs within Morpheus.
Token Information
Morpheus project will launch our utilities token “DEN” during the second quarter of 2022. Starting with the initial offering of seed sale via private sale for investor and whitelist, follow by the Initial DEX offering via IDO launchpad sale, resulting with the total 250,000,000 DEN as a circulating supply.
Token: Denarii
Ticker: DEN
Total Supply: 1,000,000,000 DEN
Fully Diluted Valuation: 10,000,000 USD
Initial Circulating Supply: 75,000,000 DEN
Initial Market Cap: 750,000 USD
Token Allocation
| Total DEN supply | 100% | 1,000,000,000 DEN |
|---|---|---|
Founder and Team | 15% | 150,000,000 DEN |
Private Sale | 15% | 150,000,000 DEN |
Launchpad Sale | 10% | 100,000,000 DEN |
Estate Development Pool | 35% | 350,000,000 DEN |
Advisors | 5% | 50,000,000 DEN |
Operation Pool | 15% | 150,000,000 DEN |
Strategic Partner | 5% | 50,000,000 DEN |
Token Lock-Up and Release Plan
The vesting schedules for each sale are as follows:
Public Sale - The vesting schedule spans 18 months (1.5 years). Starting with a 6 month (0.5 year) cliff and the release of DEN tokens every 6 months (0.5 year) thereafter for the remaining 12 months (1 year).
Private Sale - The vesting schedule for Investors spans 30 months (2.5 years). Starting with a 6 month (0.5 year) cliff and the release of DEN tokens every 12 months (1 year) thereafter for the remaining 24 months (2 years).
Strategic Partner - The vesting schedule for Strategic Partners spans 42 months (3.5 years). Starting with an 18 month cliff (1.5 years) and the release of DEN tokens every 12 months (1 year) thereafter for the remaining 24 months (2 years).
Founder & Team - The vesting schedule for Morpheus Founders & Team spans 42 months (3.5 years). Starting with an 18 month cliff (1.5 years) and the release of DEN tokens every 12 months (1 year) thereafter for the remaining 24 months (2 years).
Advisor - The vesting schedule for Advisors of the company spans 42 months (3.5 years). Starting with an 18 month cliff (1.5 years) and the release of DEN tokens every 12 months (1 year) thereafter for the remaining 24 months (2 years).
Operation Pool – The vesting schedule for the Operation Pool spans 42 months (3.5 years). Starting with an 18 month cliff (1.5 years) and the release of DEN tokens every 12 months (1 year) thereafter for the remaining 24 months (2 years). This is to counter deflation from the fee capture model (Burned Pool). The funding will also be contributed towards the Morpheus Metaverse as detailed below.
General Administrative Expenses
Legal Expenses
System Security Services
Estate Development Pool – The vesting schedule for the Estate Development Pool spans 42 months (3.5 years). Starting with an 18 month cliff (1.5 years) and the release of DEN tokens every 12 months (1 year) thereafter for the remaining 24 months (2 years). This funding will contribute towards the Morpheus Metaverse and controlled by the community in the Morpheus Metaverse as detailed below.
Development of the NFT marketplace
Funding of new Metaverse projects
Infrastructure development
Funding for special events
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