Kenso Trabing

Founder @MorphwareAI

[Morphware @MorphwareAI]

Hey Community,

We've decided to cancel the migration from $XMW to $MW. The token migration contract is now paused.

If you swapped your $XMW for $MW, don't worry: you'll be able to convert your $MW back to $XMW at a 1:1 ratio starting 7 PM Eastern on Friday, March 20, 2026 at the same migration website: https://t.co/Eh2SXjSknZ

More details on the conversion process coming soon. Thank you for your patience.

[Kenso Trabing @mediumtension]

@G_Velch @CryptoRonins @san_cryptic @MorphwareAI No

[Kenso Trabing @mediumtension]

Taxes are removed.

[Kenso Trabing @mediumtension]

We are removing taxes on $MW.

[Kenso Trabing @mediumtension]

@thistooeasy @CryptoRonins @MorphwareAI Will have the dev fix this

[Kenso Trabing @mediumtension]

@G_Velch @CryptoRonins @san_cryptic @MorphwareAI No, we didn’t

[Kenso Trabing @mediumtension]

@philhirstgreen @OrthoDwarf @FabianVilelaX The tokens are in the migration contract

[Kenso Trabing @mediumtension]

We cannot build a substation without selling major amounts of equity, and I don’t want go quit working on Morphware.

People tell me every single day that I should just quit and start something else, but I want to see this project through and have it live up to its potential.

I know it’s been rough, but if you’re still here: I appreciate your support and I want you to know that I intend on taking us all the way.

[Kenso Trabing @mediumtension]

All the Way

If you bought the token, at any point in the past, you are almost surely down at this point.

This is really painful for me because I’ve been working full-time on this project for almost five years, now, and I left it all out on the field.  I uprooted my life to move down to Paraguay, back in early 2022, and I’m still here; with little-to-nothing to show for it.  I compared the experience, in a conversation I had with a friend a couple of weeks ago, to the ending of the Old Man and the Sea.

[Kenso Trabing @mediumtension]

The initial tax breakdown is as follows:

• 2% CAPEX: miners, transformers, etc.
• 2% LP: grow the $MW LP with every trade
• 1% OPEX: payroll, legal, security, etc.

After LP is adequate (voted on by a committee of advisors), the tax breakdown will shift one point away from LP towards CAPEX:

• 3% CAPEX
• 1% LP
• 1% OPEX

[Kenso Trabing @mediumtension]

Early on, I’d frequently say that Bitcoin mining was our side hustle and that our main priority was the AI-side of the business.  I really believed we had a shot.

Morphware, after all, started as an AI company; way before most.  You can go back and look at our GitHub, here (https://t.co/RI03Ygbcdz).  We were doing some pretty cool stuff, but I prioritized product over distribution.  Big mistake.

Now, I don’t think anyone has a shot aside from OpenAI, Claude, Nvidia, and Google.  Maybe I’ve become a player hater, but these companies have eyewatering amounts of money, now.  Each one of these companies can do anything at the software-level.

To be clear, I’m not blaming our team at all, here.  If anything, we gave it everything we had but we were running hot with 2-3 AI engineers versus literal legions of AI experts at companies with billions of dollars in funding.  At the end of the day, I am the founder and everything is my fault.  I was foolish to have gone down this road and I should have put all of the money into Valenzuela, instead of going head-to-head with OpenAI and Anthorpic.