What is Mithril?
MITH is the native token of Mithril – an Ethereum-based decentralized social media platform. This platform is dedicated to supporting and rewarding content creators for their talent and contributions to the platform. Whether you’re a singer, songwriter, or live streamer, you can be eligible for rewards. If you want to see the current MITH price, look at the Mithril price chart above.
Mithril offers more opportunities than traditional social media platforms. Not only users can post stories, perform instant messaging, and discover new people, but they can also perform secure transactions without compromising their identities.
The logistics behind this platform are actually quite simple. The more contributions you make on the Mithril platform, the more you’re able to earn through social mining. This platform also has a feature called lit which enables users to use different tools to enhance their social media stories.
Besides, if a user is already utilizing another social media platform, he/she can still switch to Mithril quite easily. This is mainly because it enables the integration of two or more social media platforms in the vault.
Who Founded Mithril?
The team behind the Mithril crypto project is highly experienced in the field of social media, software development, and blockchain technology. The team is led by Jeffrey Huang. He has a lot of experience with the music and technology industries. Besides, he also founded Cream Finance, Machi X, 17 Media, and 17 Media Japan.
Use Cases of Mithril Tokens
MITH tokens are based on the ERC-20 token standard. The main purpose of Mithril coins is rewarding platform users. As mentioned before, the more users contribute to the platform, the more MITH they earn as a result. Though there are a couple of different ways to earn the Mithril coins. Apart from contributing to the platform, users can also stake their existing tokens to generate more in the process.
Besides, apart from using MITH tokens on the platform, they can also be exchanged for other crypto assets on various exchanges. Check out the aforementioned Mithril price chart to see the current and the previous MITH price.
