Review on Mithril by Temitope Babatunde
Mithril Can Be A Game Changer On Social Media Network.
Mithril is a social media cryptocurrency token based on blockchain and paying its users with crypto for being a content creators or for doing one task or another on the platform. At start it was built on ethereum ecosystem but was later moved to Binance chain with its mainnet. The founder is Jeffrey Huang a Taiwanese, the information also revealed that all other team members are Taiwanese like him.
Mithril is a very good alternative to popular social media platform like Facebook, where nothing is being paid to content creators, with mithril you always have rewards for your effort. There is social mining on the platform together with tipping.
When you create and share content you earn Mith which can be spent with partners applications. There is mithril vault on the platform where all your Mith go and can be stake to participate in the power of stake protocol of mithril.
Mithril team plan to work with other social platforms for easy distribution of its token and other social media duties. Mithril partnered with Arsenic, Partera Capital, Qtum foundation, Sora Ventures etc.
Mithril token is an utility token that is why it is now been accepted in some stores in Taiwan.
Mithril token is an utility token that is why it is now been accepted in some stores in Taiwan. It is available in some exchanges like Okex, Bitfnex, etc. The maximum supply is 1 billion.
Mithril token is an utility token that is why it is now been accepted in some stores in Taiwan. It is available in some exchanges like Okex, Bitfnex, etc. The maximum supply is 1 billion.
So we can be sure that if this project can succeed it will be a game changer in the social media arena.
Pros
- It can be mined if you participate in a partner application
- It rewards users of social media platforms for creating contents.
- It is totally decentralized which makes that privacy of the data of users possible.
- Staking your Mith token on the mithril vault gives you rewards.
- Possibity of integrating it into other social platforms.
Cons
- Lots of competitors.
