Review on Mithril by Othere Obtentus
Social media blockchain
Mithril is a decentralized social networking platform based on the Ethereum Blockchain. Mithril would incorporate with emerging and current social networking platform to thank content developers for their inputs to the network.
Mithril (MITH) would use blockchain technologies to guarantee the transfers are safe and accessible amongst all parties. This architecture is focused on shared data storage that can document transactions in an accessible, untraceable and irreversible manner. Users would be able to invest it into the MITH framework with MITH tokens. Ecosystems like the social sites, paid video platforms and live stream apps.
Users who receive MITH for providing quality content to the platform can store or engage in the Mithril Vault. The further you are engaged, the higher your degree of involvement would be, which will affect your rate of social mining. Users could also access the Mithril Vault to swap bitcoin and ether with MITH. Mithril Vault contains a method that measures the importance of a user's access to the network.
Pros
- Rewarding Social Interactivity With Blockchain Technology
- Targets a huge industry
- Immutable And Fair Reward Structures
- Low MITH Token Supply
Cons
- Plenty of competitors
