MITHRIL

Mithril is a social media platform that rewards its users for creating content. User of the Mithril ecosystem can earn token through interacting with other users which is known as “social mining”. The utility token (Mithril) runs on a social media platform known as Lit.
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Price
Basic
Announcement Date:
2018-03-01
Smart Contract Support:
No
MITHRIL101

What is Mithril?

Mithril is a social media platform that rewards its users for creating content. User of the Mithril ecosystem can earn token through interacting with other users which is known as “social mining”. The utility token (Mithril) runs on a social media platform known as Lit.

How does Mithril work?

The Mithril token is an ERC-20 token.

Mithril is earned through a process known as social mining. As users produces valuable, user-generated content on the network, they will earn MITH. Their mining rewards will be directly linked to their influence and success as a contributor on the network. The more network value they bring to the platform, the more MITH they will earn. All mining efforts and rewards will initially transact via the Ethereum Network.

Mithril also has its own wallet known as the Mithril Vault, which is a transaction system for each user and partner platform to manage, secure, and spend their Mithril. The main Launchpad of Mithril coin is a social media platform known as Lit. The concept of Lit is similar to Instagram where users could publish their stories on it.

Mithril also plans to push for broader merchant network adoption in the future.

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