How to Buy Morphex Crypto (MPX)
What is Morphex (MPX)?
According to Coingecko, Morphex is : Morphex is an emerging decentralized exchange offering spot and perpetual futures trading while requiring only a wallet connection to use. All trades are settled against the Morphex Liquidity Pool (“MLP”), where a user would be able to provide liquidity with any whitelisted asset, and in exchange, they would receive MLP tokens, representing their share in the diversified liquidity pool. Morphex provides low transaction fees, eliminates price impact and provides protection against "scam wick" liquidations, while enabling traders to retain full control of their assets. The pricing of the protocol will be established through an average of prices from top centralized exchanges in combination with Chainlink oracles. Over time, the protocol's governance will have a greater influence over key parameters, such as liquidity incentives for specific MLP pools in the future.
Where can I buy MPX Crypto?
You can buy Morphex on crypto on SpookySwap
Why should you buy Morphex?
Morphex is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.
How to Buy Morphex Crypto?
Step 1 - Setting up a Metamask Wallet
Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.
Head over to metamask.io and click Download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.
You are now the Welcome Page of Metamask. Click on 'Get Started.' Now click on 'Create a Wallet.' Choose a strong password for your Metamask wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write every word down on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you'll be asked to confirm it. Click on every word in the correct order, and you should be done.
Now since we are using the Fantom Chain, we’ll need to add the Network. I’ll go over this very quickly. Just go over to https://ftmscan.com/.
Bottom right corner click here:
Accept everything on your Metamask and you should have your Fantom Network configured and the network switched to it.
Alternatively you can add the network manually like this:
Click on the upper right corner where you see the image and then click Settings. Select Networks and click on Add Network.
Fill out the boxes with this info:
- Network Name: Fantom Opera
- New RPC URL: https://rpc.ftm.tools/
- Chain ID: 250
- Symbol: FTM
- Block Explorer URL: https://ftmscan.com/
Click Save, and now you have Fantom installed on your Metamask.
Step 2 - Buy Fantom on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy FTM and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.
Click here to access Simpleswap
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for FTM, and click "Exchange", just like this:
Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask Fantom address. It should add it automatically.
You can now choose between Google Pay or card to complete the payment:
Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in Metamask.
Step 3 - Buy Morphex on SpookySwap with FTM
SpookySwap is currently one of the best Decentralized Exchanged for the Fantom Chain.
Before we head over to SpookySwap, we need to prepare your Metamask Wallet to receive Morphex. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
0x66eed5ff1701e6ed8470dc391f05e27b1d0657eb
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive Morphex( MPX).
You can check the price and confirm the correct token address of Morphex on Coingecko.
Let's buy some Morphex!
Go to Spookyswap. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it).Now you need to accept, connect, and your wallet should be connected to SpookySwap. Make sure your metamask says Fantom on the top.
Select a token and paste the Token contract address: 0x66eed5ff1701e6ed8470dc391f05e27b1d0657eb
Click Import and accept the terms.
Now you have to select the amount of FTM you want to trade for MPX. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your MPX should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Morphex!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on SpookySwap's gear icon, and put 5% here:
Check out Morphex links:
Website: https://www.morphex.trade/
Twitter: https://twitter.com/MorphexFTM
Telegram: https://t.me/MorphexFTM
Explorer: https://ftmscan.com/token/0x66eEd5FF1701E6ed8470DC391F05e27B1d0657eb
Discord: https://discord.gg/TR7zzfT2ru
Please make sure you read our Disclaimer. We are not financial advisors.
