Morpher is built on the Ethereum blockchain. Morpher tokens is an ERC20 token. This means Morpher tokens can be listed on most exchanges and major wallets.

Morpher tokens are powering the Morpher trading platform as they are used as the settlement currency for all trades.

Morpher’s currency is staked via its smart contracts on any asset supported by the platform.

As the underlying asset gains market value, the smart contract mints new coins to the investor.

If the underlying decreases in value, the staked coins are destroyed proportionally. 

Source: https://www.cryptocoinzone.com/review/morpher-token-price-and-trading-review/