Mith & Wesson Chiefs Special 45 Airsoft Hand

Mithril aims to disrupt our perceptions on social media- to decentralize and reward social media content creators adequately and openly.

For a long fourth dimension, content creators have not been earning for firing upwards their creative juices. Their followers have also been left dry after interacting with content. But this is at present in the by since the launch of Mithril, a platform employing blockchain technology with content creators and their followers in mind.

The squad behind Mithril comprises of top minds like Wilson Huang who is a former software engineer at Yahoo and Jeffry Huang, the former chairman of M17 Entertainment.

Since its launched in 2018, the decentralized social media platform has already fabricated notable milestones. For example, it has secured a partnership with PiePie, a social platform where content creators tin can earn MITH tokens (more on this shortly).

Mithril does this through "social mining". Unlike other social media platforms such as Facebook and Instagram, Mithril rewards users for their content co-ordinate to the popularity information technology attracts.

What makes the Mithril ecosystem

The Mithril ecosystem is made of the MITH token, Lit, and the Mithril Vault which are intertwined to bring a comprehensive experience to content creators.

The MITH token (MITH) is the platform's native token and which is used to reward publishers in a process chosen Social Mining (more on Social Mining later). The token is built using the ERC-xx standard on the Ethereum blockchain. It tin can exist used to buy goods and services on the Mithril Merchant Network, or it tin be traded for other digital currencies. Apart from beingness used for payment and Social Mining, MITH can also be used for staking.

Lit, on the other mitt, is an already adult social media app that is available to those using iOS or Android-powered mobile devices. Only as with other pinnacle social media apps like Facebook, Lit can exist used for messaging and posting personal stories using the 'stories' feature.

The tertiary core component of Mithril is the Mithril Vault, a secure virtual wallet for the MITH tokens.

Key Features Of Mithril

Social Mining

Though their mobile app- Piepie (available on iOS and Andriod), users can post 6 second videos and share it with over 154,000 (and growing!) other users globally who can follow, similar or comment on them.

Users who post on Piepie will exist rewarded with Mithril'south (MITH) tokens.

Mithril recently expanded their ecosystem by partnering with Yeemos (bachelor on iOS and Andriod). Yeemos is an app where users can mail photographs. Other users can and then interact with the posts past doodling, posting stickers, emojis, reactions or comments on them.

Yeemos is expected to support the MITH reward system soon.

Mithril Vault

Users can link their Piepie (and eventually Yeemos) accounts to the Mithril Vault. The Mithril Vault has several functions:

Funds: Users can withdraw and/or deposit their MITH, Binance (BNB) and Ethereum (ETH) tokens. Support for more tokens is expected.

Staking: Users can "stake" some/all of their MITH for a minimum of 14 days. Staking increases the corporeality of MITH earned when using Piepie.

Shift: Users can "shift" their MITH to ETH and vice versa.

Exchanges

MITH tokens are currently traded on most major exchanges including Binance, Bitfinex, Bithumb, Lbank, OKEx and HitBT etc.

Uses for MITH Token

The MITH token tin can be used as follows:

Staking: As mentioned above, MITH can be staked in the Mithril Vault to increment the MITH earned from social mining on Piepie.

Shifting:Also as mentioned higher up, the MITH Vault allows users to shift their MITH into ETH.

Payments: MITH is accepted as a form of payment in the Mithril Merchant Network. For at present this includes some Taiwanese cafes and merchants. Globally, MITH tin can be used to pay for other products/services relating to dating apps, paid content and other applications.

The Mithril roadmap

Mithril has been hard at work meeting its milestones, and in some cases ahead of schedule.

For Mithril, the milestones covered form the basis for a bright time to come ahead. While the future will exist comfy for Mithril network users, the developers have already rolled their sleeves up.

For instance, the team behind Mithril is yet to develop an ad network, conduct a vault merchant network onboarding, among other high profile developments.

Those already partnering with Mithril include, Qtum, M17 Entertainment, Swag, SOLA Foundation, bytepay, Uncomplicated Swap, Atomic, among others.

In short, Mithril has but left the track.

Resources:

Website: https://mith.io/

Whitepaper: https://mith.io/whitepaper.pdf

Blog: https://medium.com/mithriltoken

Telegram: https://t.me/MithrilChat

Twitter: https://twitter.com/MithrilToken

Binance research report: https://info.binance.com/en/research/MITH-2018-11-15-46831.html

Michael

I'thousand Michael Gu, Creator of Boxmining. I've been involved in the digital asset and Blockchain infinite since 2012. Something I immediately noticed was that accurate information is hard to come by in this infinite. By and large, we find extremely biased data that exploits the complication of blockchain to obscure facts. Having been around before bitcoin or blockchain was even "cool" meant that I had to do a lot of discovery myself, and along the fashion, I had many successes, but likewise fabricated mistakes. I started Boxmining in 2017 mainly as a passion projection, to brainwash people on digital assets and share my experiences. Being based in Asia, I also found a huge discrepancy between digital nugget trends and knowledge gap in the Westward and China. So I leveraged my knowledge and positioning to span that information gap and let people know what is truly happening. This journeying has been nothing short of exhilarating for me, starting from when I mined Bitcoin in grad school to appearing on Mainland china's national television as an overseas expert on blockchain engineering science, and having the award of interviewing leading crypto entrepreneurs, including Binance CEO Changpeng Zhao and FTX founder Sam Bankman-Fried.