The MorphBlack project has launched its first token, $BAI, which is now trading on the Bitget exchange. The token, initially a meme coin on the Morph blockchain, has seen a notable increase in value, reportedly tripling since its debut. The airdrop of $BAI was part of a strategy to enhance the Morph ecosystem, with Foresight Ventures investing $1 million to support the initiative. The project aims to position itself competitively against established platforms like Binance Smart Chain (BSC). The token's trading commenced at 6 PM, and early adopters are optimistic about its potential for growth, drawing comparisons to past successful launches in the crypto space.