Morph Black & Platinum Refund Program

First of all, we sincerely thank all users who supported the Morph Black & Platinum programs, the Black Card NFT and the Platinum Card SBT. It is your trust and support that have brought Morph to where it is today.

As Morph enters a new stage and shifts its strategic focus, after careful evaluation we have decided to officially conclude the Black Card and Platinum Card programs. This was a difficult but necessary decision.

We are grateful for the trust you have shown us along the way. To honor your support, we are launching a Refund Program. Eligible holders and users will receive ETH refunds and staking rewards, ensuring that original value is covered while further recognizing the trust and support you have given.

With this announcement, the Black Card and Platinum Card programs are officially concluded. Your support has been deeply engraved in Morph’s journey, and we once again express our heartfelt thanks.

Why the Programs Are Ending

The Black Card and Platinum Card programs were originally designed to serve end users of Morph Pay. However, as the ecosystem has evolved and the compliance environment has changed, this model has become difficult to sustain in the long term. Simultaneously, Morph’s strategic focus has shifted toward infrastructure development.

Based on these circumstances and strategic considerations, we have had to make the difficult decision to officially conclude the Black Card and Platinum Card programs, while safeguarding the trust and interests of all supporters through ETH refunds. The onchain identity and status represented by the NFTs and SBTs will remain.

Refund Details

Morph will issue the following ETH refunds and rewards:

• Morph Black NFT (Mint cost: 0.2 ETH)
  • All Black Card holders will receive a refund of 0.2 ETH
  • For those who participated in staking, additional rewards will be provided:
    • Phase 1 staking reward: 0.15 ETH
    • Phase 2 staking reward: 0.1 ETH
• Morph Platinum SBT (Mint cost: 0.3 ETH)
  • All users who paid to mint will receive a refund of 0.3 ETH

Through this refund program, the minting costs of all NFTs and SBTs will be fully recognized. In addition, Black Card NFT holders who staked their cards will receive extra rewards, providing further recognition of their early support.

During the design of this refund plan, we carefully evaluated different options for distribution, including alternatives such as issuing refunds in BGB of equivalent value. After careful consideration, with community opinions and user feedback, Morph has decided that all Black Card and Platinum Card refunds will be issued in ETH. This decision reflects our commitment to user needs and ensures that the program best aligns with the expectations of holders.

What You Need To Do

Refund eligibility will be verified through a snapshot of holding addresses, and the overall process will be completed within this month:

1. The Black Card NFT transfer function will be disabled on September 11 at 18:00 SGT, and an onchain snapshot of the holding addresses will be taken.
2. Based on the snapshot, Morph will issue a non-transferable Black Card SBT to current Black Card holding addresses as proof of identity.
3. A refund claim portal will go live. Addresses holding a valid Black Card SBT will be able to initiate claims on the page, and the system will distribute the corresponding ETH refunds (including staking rewards, if applicable).
4. Users who participated in staking but whose staking addresses no longer hold a Black Card NFT will still be able to claim their staking rewards on the page according to their actual staking records.
5. Platinum Card users’ refund eligibility will be verified through the Platinum Card SBT or an equivalent onchain credential, and they will claim ETH refunds through the same page.
6. Before the official claim notice is released, there is no need to take any action or transfer NFTs in order to receive refunds and rewards. Exact timing and details will be provided in subsequent official announcements.

Looking Ahead

We sincerely thank all users who participated in the Morph Black Card NFT and Platinum Card SBT programs. It is your trust and support that have brought Morph to this point.

This refund program is both the fulfillment of our early commitments and a solemn response to the community’s trust.

Going forward, Morph will focus on building truly usable products in the field of onchain consumer finance. BGB will serve as the core asset connecting the ecosystems of Morph, Bitget, and Bitget Wallet. We look forward to moving into this next stage together with you.

This article is a clarification and update to the Unity Drop announcement of Friday, September 6, 2025, and applies only to the Black and Platinum Card section. Reward programs for all other groups will proceed as planned and will be paid out in BGB.