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Being part of the millennials that discovered crypto just as Bitcoin was about to boom back in 2017, I had to be a part of several blockchain projects, since I missed the boom of 2017, and I had to come in mostly from a consumer end, all in a bid to find the next big thing. It has been an exciting journey, filled with ups and down as it is with any endeavour worthwhile. I stumbled on a number of terrible projects, that I can simply describe as a hoax, fabricated to rip money off people. On the flip side, there are projects that are truly awesome, and in this post, I hope to talk about one of such projects - Mithril
For those who know me on a personal level, I am quite sporadic when it comes to sharing personal moments on social media. Instagram and Facebook are useful social tools, but, with the advent of mas-chain projects like Steemit and Whaleshares, where you earn for sharing really helpful content, it is only a matter of time before a platform surfaces that will incentives my social media status sharing. And so it happened - LIT!
I Found LIT
By chance or divine intervention, I came across the LIT App, which is a decentralized social media platform that is built on the Ethereum blockchain where you share photos, videos and audio files which last for 24 hours just like the traditional social media platforms do. The only difference between LIT and Facebook/Instagram/WhatsApp is that you mine Mithril utility tokens as you get engagement on the content you uploaded on the LIT app.
Mithril’s partnership with LIT created a buzz, as well as increased the value of the Mithril token back in 2018. Hereby positioning the project as one of the most promising payment systems for the Chinese market. This led to many investors both in China and other parts of the world to direct their resources towards the project.
The Mithril Platform
Mithril is truly a decentralized social media platform with owners of the MITH scattered all around the world. The platform rewards content creators based on the quality of their content, and ever since the launch of the project, owners of the tokens have been growing exponentially. Leading for the project to comprise of an elaborate and thriving ecosystem.
Social Mining - This is similar to Mas-chain platforms like Steemit and Whaleshares, where content creators are rewarded for the content they create. With Social mining, content creators are rewarded with MITH tokens for creating great contents on the platform, on the said platforms, users interact, uploads, and produce great content, and these efforts are rewarded with MITH tokens. Although I first found LIT to be the first platform where you can earn MITH tokens by interaction, however, it appears, LIT has been rebranded to become PiePie.
On PiePie, you can upload photos, videos and short videos with your family and friends, and earn some MITH tokens while letting your creativity shine. "Creativity Value" is measure through which the MITH tokens are distributed, as it reflects the quality of the shared content, as well as the engagement level.
Asset management - In addition to mining MITH via social activities, there are also other values that can be derived from Mithril. Asset management is one of such values as it provides a convenient way for owners to manage their asset seamlessly. With the help of a The VAULT, you can easily exchange MITH tokens with other cryptocurrencies, with a single click of a button. You can also exchange MITH with other forms of digital assets.
Once tokens acquired via social mining, one can be withdrawn or exchanged for other cryptocurrencies
Merchant Network
Social is a keyword used all across the MITH project, and since it is a utility token, the project hopes that sometime in the future MITH holders can spend their tokens across several digital platforms. Purchasing goods and services, amongst other ways, the tokens can be used across several merchant networks.
Meet The Core Team
