The recent launch of the Morph Black Card has garnered significant attention for the PayFi track.
30% returns, airdrop distribution, 22g Black Gold Card + airport VIP lounge, offline gathering event tickets, empowering ranges from on-chain to real-world.
The author believes that the Morph Pay Black Card will intensify competition in the PayFi project and may even become a leading example.
If you are not familiar with the relevant information, here’s a brief explanation:
What is Morph?
Morph is an Ethereum L2, aiming to become a consumer-grade public chain, and Morph Pay is its PayFi product line.
The Morph ecosystem includes DeFi, Social, and GameFi dApps. The Morph chain itself has not yet issued tokens. According to official information, a certain proportion of airdrop shares will be reserved for Morph Pay users.
*Morph's financing background is impressive, with investors including VCs, exchanges, blockchain media, etc., offering good airdrop expectations.
What benefits does the Morph Black Card offer?
Currently, the Black Card exists in NFT form, with a total of 3,000 cards, and the current floor price is about 1 $ETH .
According to community management's explanation, KYC is expected to be completed in Q2, and physical cards will be issued in Q3.
Here, the author briefly distinguishes between types of benefits:
1. On-chain yields
30% returns
Morph and its ecosystem project airdrop distribution
2. Blockchain activities
Tickets for events hosted by Morph, Foresight News, Foresight Ventures, The Block
VIP gatherings of Morpho and its partner exchanges
3. Real-world benefits
22g Black Gold physical card
No annual fee
1% cashback on spending
Cryptocurrency to fiat service with a limit of up to one million dollars
Conversion fee 0.3%
Airport VIP lounge access, high-end hotel discounts
Why can the Morph Black Card stand out?
On the basis of balancing returns and practicality, breaking down the barriers between Web3 and Web2 is the way to win in the PayFi track.
For those looking to earn returns: a 30% return is extremely attractive, and the narrative expectation of Morph not issuing tokens further adds to the momentum.
For those focusing on real-world experiences: participation rights for Web3 events and gatherings, cashback similar to traditional financial experiences, and the Black Gold Card, etc.
For those in need of withdrawals or spending: regardless of conversion limits or fees, it can eliminate the difficulties specific groups face in transferring large amounts of fiat currency.
Of course, for Web3 users, the most eye-catching should be the 30% returns and airdrop rewards.
According to the author's research, an article from Foresight News mentioned that 30% of revenue will come from DeFi protocols, so perhaps we can view it as 'Morph Pay providing wealth management services by managing assets on behalf of users'?
Additionally, there are airdrop returns, which can be observed by evaluating the currently more active DEXs in the Morph ecosystem, namely Bulba Swap and Momodrome, both of which are conducting points activities.
Summary
From an overview of existing or developing PayFi projects in the market, it seems challenging for them to integrate numerous resources and launch competitive benefits like Morph.
Some projects can only achieve the purpose of issuing cards, while others can barely provide decent returns; it does not seem easy for a project like the Morph Black Card to be so complete and attractive.
Additionally, in addition to the aforementioned empowerment, since the release of the Morph Black Card, the official has successively launched activities for holders, summarized as follows:
BulBaSwap bAI airdrop (about 55U)
Cudis Ring Black Gold Ring (one ring on the Cudis official website costs over 300U)
And yesterday (4/8), the official announcement stated that Morph Black Card NFT staking is about to go live!
What are your thoughts on such a tool that has on-chain yield capabilities and real-world application scenarios?
Feel free to leave a comment below to discuss! (I look forward to others comparing and analyzing with the Solana Saga or Seeker phones)
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※Morph code:
AT4MPQ
※The above content does not constitute investment advice, users should operate according to their own risk tolerance, DYOR and participate cautiously in the investment market.
※The attached image is sourced from Morph and Morph Pay
#Morph #Airdrops #payfi #风险回报比 $ETH
