Review on Mithril by Adedayo Adeniji
Mithril an ethereum cryptocurrency ledger social media platform
I found Mithril to be a decentralized social media data storage run on Ethereum cryptocurrency ledger an idea born out of a belief that anyone that creates valuable content to generate publicity for a network should be able to earn money from his or her work.
Mithril is a Facebook or Instagram on a cryptocurrency ledger with a social mining feature through which I realise you can create valuable content that you can share on Lit a social media network its ERC20 token has been integrated with to earn the token with the symbol MITH and the earning is based on how influential you are in the platform of which your influence is directly proportional to how much valuable content you create. Contents you can create ranges from video blogs, photos, posts, slideshows, audio or podcasting and more. It is launched in 2018 and founded by Jeffrey Huang a Taiwanese.
I found it to be very interesting and nobly thoughtful of the founder to create such a platform that offers you and me monetary value for our contents created on the platform for this sweet reason I love socialising while I earn for it on Mithril.
Pros
- It develops a reward system for its users with partners.
- It enables users to spend its token at retailers
- It drives network usage
Cons
- It has no obvious backing
- Its growth is redundant
