Mithril $MITH

Mithril is a decentralized platform on the ethereum blockchain that has revolutionized the social media landscape by introducing the concept of "social mining". The platform rewards users based on the impact and popularity of their content, ushering in a new way of thinking about and interacting with social media. This innovative approach has allowed Mithril to decentralize and fairly compensate content creators.

Mithril's Integration Protocol

Mithril's integration protocol allows MITH mining on all social media networks, setting it apart from other blockchain-based social media platforms that often cannot interact with existing platforms. This capability allows Mithril to leverage existing sites for its own benefit while also enabling influencers to utilize their existing follower networks to mine Mithril. Establishing a new follower network on a fresh platform can prove to be quite a challenge.

The integration protocol eliminates this hurdle, providing content creators with a more lucrative opportunity and Mithril with a larger user base.

Mithril's Token Distribution and Mining

Instead of initiating an Initial Coin Offering (ICO), Mithril held a private sale in which 400,000,000 MITH was distributed and 50,000,000 was retained by the Mithril team for development and marketing purposes. MITH tokens can be mined by participating in partner applications, an approach that is revolutionizing the way content creation and sharing are rewarded. Users can then spend MITH with partner applications.

MITH Availability

Currently, MITH tokens are available on exchanges like Bithumb and OKEx, with other exchanges expected to list the token soon. However, due to security concerns, it is always advisable to store cryptocurrencies in an ERC-20 wallet that allows for the addition of custom tokens.

The Future of Mithril

Despite being in its early stages of development, Mithril, with its flagship social network Lit, is poised to become a leader in the decentralized social networking space. The platform seeks to provide stiff competition to established social networking companies by offering users more control over their data and rewarding content creators who play a crucial role in the success of all social networks.