Review on Mithril by David Olayide
Mithril: Breaking Grounds And Innovating To Bring The Best Out of Cryptocurrency.
Mithril is a cryptocurrency project built and hosted on the Ethereum blockchain network. The project is different from the normal crypto projects we are used to. For starters, this particular project is a social media platform that rewards content creators on its platform with a local cryptocurrency called MITH token.
That means that if you sign up on the platform and post content you get paid. I personally like this type of crypto platform because social media is common to almost everyone today. We all make use of social media every day. So in actuality you are getting paid to post content on social media. The social media platform is decentralized in nature.
i must say I am positive and enthusiastic about the projects potentials in the future.
By engaging the media spaces in social media users get rewarded for interacting in the space with the MITH token. This process of earning by interacting on social media is called social mining. Earning has never been easier than this don’t you think? There is no room for monopolization due to its decentralized nature, and most importantly the platform was built on a blockhain so all transactions are recorded and can be seen by the public. This efficiently eliminates the problem of cheating and ensures fairness.
From what I learned, the project is trying to integrate and merge with existing social media platforms to further broaden its reach. I would personally like this. Since I already love creating content, this will be fun for me including the earning aspect of it. MITH is very popular in the crypto community and you can buy the tokens on major exchanges like Binance, HITBTC, Okex, and Bitfinex where you can also trade it for BTC, ETH or USDT. You can store your tokens on wallets like Trust Wallet, Atomic Wallet, Exodus (among several others) or Ledger Nano if you prefer hardware wallets.
I have high hopes for Mithril, because it was released in 2018 and yet it has already attracted the attention of a lot of investors so I can say that the future of the project is bright. It is certainly worth investing in. I really love the idea behind the project and can't wait to invest into it. You can get more information on their nice website too if you're interested.
Pros
- You earn MITH tokens for creating and posting content on social media
- Mithril is built on the Ethereum blockchain
- The project is decentralized
- You can buy MITH on many popular exchange sites
- Mithril plans to integrate with existing and new social media platforms and thus expand its reach
Cons
- There is no downside to the project that i know of yet. I remain largely enthusiastic and positive about it.
