Review on Mithril by gregori cordova
a platform that values and rewards quality content on their social network
Social networks, as we already know, are a means to keep in touch with our loved ones and to interact with content that we find interesting, but with the great popularity that they have had in recent years, most have become monopolies that show us daily a lot of advertising content and they don't even pay us for it. It is in this context that the Mithril platform was born, which will be in charge of valuing and giving prominence to content creators on social networks and common users through rewards with its native Mith cryptocurrency. Its main objective is to offer a decentralized ecosystem using the potential of the blockchain, in which its users can be rewarded for performing certain tasks on its LIT platform and for creating quality content directly without intermediaries. Through its algorithm called ‘’ social mining ’’, users can mine this cryptocurrency, while they have more interactions, such as likes, retweets or while your content is shared by more people. The cryptocurrency was created under the ethereum network, but recently it decided to make a radical change, by adopting the binance chain, migrating from Erc-20 to bep2.
These types of platforms are very welcome by the community of cryptocurrency enthusiasts, as they are a simple and direct way to generate new tokens that they can then use to obtain some benefits or to exchange them for their favorite cryptocurrencies.
Pros
- They offer high levels of decentralization by allowing users to earn rewards directly by producing quality content
- their token can be used in various areas of daily life, both to buy Premium content and to buy some items in your Marketplace such as clothing and accessories
- Their token can be exchanged directly in its integrated mithril vault Exchange, for other cryptocurrencies and even fiat currencies
- The LIt social network can be downloaded on both ios and Android and is similar to Instagram
- It has a team of high-quality developers who are experts in streaming platforms in Asia
Cons
- The cryptocurrency continues to have a very low value in the market and has fallen in the coinmarketcap ranking in terms of market capitalization
