Morpheus Network: Logistics Related Tokensell
A recently sold out ICO is one that goes by the name of Morpheus Network. It basically wants to create an automated documentation and supply chain ledger for the logistics sector. We have already got a lot of competition that is doing a great job in the logistics sector and Morpheus basically has to fight those companies. It is going to be very interesting to see how they do that.
The main problem with Morpheus is that they may not actually have a smart contract and are outsourcing their technology which is a big concern. It is something that you have to look into. In regards to the team, they have a very capable one but not a world class team. They have gotten excellent advisors so one can not really fault them there. They have got the former CEO of DHL on board and have also got the regional manager of Swift. As regards to their hard cap, it is much better than many other tokens but it is about 32 or 35 million dollars. Because the market is moving sideways one can not really see any upward price momentum for Morpheus when it goes on the exchanges. One should thus not buy this at the ICO stage. This is something to wait for till it hits the exchanges. When it comes to token economics they deserve a six out of ten. Moreover, when it comes to hype, it hasn’t gotten that much attention. That is something that one has to be very wary of. As the dollar cost averages it leads to the fear of missing out. Fear, uncertainty and doubt lead to many kinds of wrongly aimed investment strategies. There are certain strategies that could help curb this though. Benjamin Graham, tutor to Warren Buffet, wrote a very famous book in 1949 called “The Intelligent Investor.” Graham in his book created a hypothetical character to explain to the reader how the market works. This character played an investor called Mr. Market who is basically driven by panic, euphoria and apathy on any given day and approaches his investing as a reaction to his mood rather than through fundamental or technical analysis. What Graham was really trying to get through to the reader is that Mr. Market teaches us that although prices fluctuate it is important to look at the big picture or the fundamentals behind the project in this case the ICO rather than reacting to temporary emotional responses. Toss a coin or take expert advice. The result is the same in each case. Bad decisions all boil down to the sunk cost fallacy. This explains a tendency of people to irrationally follow through on an activity that is not meeting their expectations because of the time or money that they have already spent on it. Rational decisions are made on the future value of objects. When one binds to an ICO one is not believing in its future potential. It is because one wants to flip it at a later date but they are probably wondering when to sell. However, one actually needs to sell at a loss if one’s investment has not made enough money at a certain time in the future no matter who one is or what they do. If around six months time profit is not earned, it is better to flip it. Like property investments, one needs to know when to buy and when to sell.
It is advisable for one to conduct their own research regarding ICOs and their limitations or advantages as the internet is not a good financial adviser when it comes to how one should handle their money, however, a quick overview of the way an ICO works, its token economics and its white papers is a good dive into what the ICO stands for.
Keeping all that in mind, it is essentially up to one’s own self whether they choose to invest in an ICO or not. Research, analyze and approach with caution. The world of ICOs is your own playing field and whatever way you choose to venture out in it, make sure you are fully equipped and motivated before doing so.