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Review on Mithril by HUZAIFA SAEED
A social media token that contains rewards content creators. With a…
A social media token that contains rewards content creators. With a combination a social media and mining, ERC-20 tokens on the Ethereum Blockchain will be integrated into social medias. Iin my opinion this is too much social utility projects because the competition is very tight on this project. Social media is a big business. Pew Research shows 68 percent of American adults are on Facebook alone, and 74 percent of those users access the platform daily. Mark Zuckerberg is worth over $67.1 billion from the social media juggernaut. It’s no wonder tech entrepreneurs and startups like Mithril rush to become “the next Facebook.”
Mithril is bringing this social trend to the blockchain, along with decentralized competitors like Sapien, Steemit, Sola, Indorse, and Waves. It uses the Ethereum blockchain to create an app ecosystem that rewards social content creators and curators with MITH tokens for participating.
Founder Jeffrey Huang believes social media users should profit from creating content on the platform instead of being used as advertising fodder. And despite barely being launched in March 2018, Mithril has skyrocketed up the charts to become one of the most valuable cryptocurrencies.
Before exploring Mithril’s market viability and determining if it’s worth the buzz, let’s review MITH, the platform’s proprietary ERC-20 token.
Pros
- Good Project
Cons
- Nice
