Review on Mithril by Mr Benji

Name: Mithril
Item: Mithril
Rating: 4

June 18, 2019

Instagram's decentralized competition ?

- Mithril is an ERC20 token that works on Ethereum and is implemented in LIT. Simply download the app to iOS or Android and you can start sharing your content with others. LIT, whose team comes from Taiwan, works on the same principle as Instagram. Adding photos or videos to it, but the main difference is that all content is daily stories-based. Thus, your image or video is only visible for 24 hours, then the content is deleted and the reward is credited to your profile. There are a maximum of 24 photos / videos per day that you can publish.
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- Mithril's founder, popstar and web entrepreneur Jeffrey Huang is also the founder of 17 media applications, which is Asia's 1 for livestream. It is actually the most popular app in Taiwan, Malaysia, Hong Kong, Singapore and Indonesia. Even this application was to move to Mitrhil's social mining in the near future.
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Social Mining
 -Social mining means "mine" cryptocurrency thanks to mere "loves" and viewing content. Practically, you are awarded the MITH token for your social networking and content quality. In fact, there is no mining. So is the logical question where the money is? The team left 35% of the 350 million MITH tokens available for social exploitation. Then year after year, the number of tokens extracted will decrease exponentially. In this way, social mining is guaranteed even with a large number of people for years to come.
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So what? : 

It's good to know about Mithril, to use it for small passive income or as a substitute for Instagram. Even though MITH has a daily volume of over 20mil. $, so no one can know how Mithril will turn out, and if another cryptocurrency with a similar intent like KIN overwhelms him. However, strong partners such as QTUM foundation, Sora Ventures and Pantera Capital are behind this project.
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Updated 5 years ago

Rating has not been changed

- Mithril has positive relationships with binance as well as Justin Sun whatever we might think about them this is a powerful weapon Justin and CZ are the biggest players in the space of marketing right now. Nobody can impact the project as them.
- Mithril was also a first project to migrate to the binance chain which is a great honor for the team (BEP2  tokens)
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Pros