It is not a token, don't like their choice of names but wateva.  You can morph one token, I mean coin into another, so they are like shapeshift or evercoin and their fees are lower.  Actually you can morph one coin into several different ones in the same tx.  That is their "thing".  They don't support many coins at this time but they do support Monero.

I met someone from MorphToken a few weeks ago and they are an experienced group from a different venture, sorry but I forget who.

Cake wallet has integrated MorphToken into their wallet which makes it very easy to use.