1 Level
5 Review
1 Karma
Review on Mithril by Leon Hart
Mithril is yet another blockchain-based social media platform, but that doesn…
Mithril is yet another blockchain-based social media platform, but that doesn’t mean it can’t succeed. Facebook was created during the MySpace craze and far outlasted its predecessor. Even with its popularity, Twitter and Snapchat managed to find their own niches. There are several key factors fueling Mithril’s chances of success.
Pros
- MITH is mined by participating on partner applications. Creating and sharing content earns MITH, which can then be spent with partner applications. Because mythril is a crafting ingredient in the Final Fantasy video game series, online searches for how to spend MITH have these pages mixed in, which will likely continue for several years until the platform gains enough big-name retail spending partners to rise up SEO rankings
Cons
- The Mithril Vault is the platform’s wallet, and it will synchronize and store MITH across all platforms. It will also allow exchanges between MITH and other currencies like ETH, and eventually BTC and fiat currencies. The amount of MITH in your Mithril Vault affects your staking level in this Proof-of-Stake blockchain.
