Established April 2018 and built in Vienna, Morpher is a trading platform and a market protocol built on the Ethereum blockchain, using the Morpher token as their native token. Every trade on Morpher is placed using MPH tokens, and all gains/losses are paid out in MPH. Even with fiat-stable trading planned in a future release, MPH will always be the settlement currency. This is because MPH uniquely enables the entire Morpher Protocol.