Mithril (MITH) –It’s sealed deal that you have accounts in one social network. Facebook is the most popular amongst all and is topping the chart every day. There’s craze to upload happiest moments on the platform but have you taken a pause to think about the financial undertone? I bet you haven’t.
Social networks are literal goldmines. Facebook’s CEO has no other known business except running the platform and yet, he is rubbing shoulders with top ten zillionaires. Doesn’t that ring a bell of fortune?
Mithril (MITH) is one of such projects on the blockchain. You might have given up on countless projects coming up today and fading away tomorrow. The project we have is actually positioned towards reformation of social networks. If you have been yearning for a decentralized social network, Mithril (MITH) offers much more than that.
When Last Did Facebook pay you?
Such poser coming from someone might attract some tongue-lash. Searching for someone paid by Facebook for creating content might amount to trekking on a lonely road. Social networking has never paid anyone and might likely never will. But Mithril (MITH) pays!
You must have realized that your information is at the mercy of these sites and financial capability of businesses. What is obtainable is harvest of users’ data and reselling same to businesses for their campaigns. No value is placed on users.
Mithril (MITH) changes that scenario by rewarding you for your content. Perhaps, your first post on the platform might earn you some tokens. That is the idea the project is tabling and will undoubtedly draw many to the platform. So far, no other site has done such. Save for Dogecoin that made such in-roads in the past, you can hardly get a site where you’re paid for your content.
Collaborating with Facebook
The limitation of the blockchain to the cyber space had caused it lots of harm. To this end, Mithril (MITH) moves to integrate social networks. Its first partnership will be with Facebook after which the frontier will be extended.
New Way to Mine
What we had was mining through the blockchain. Sometimes, CPUs might not have required electricity and consensus mechanisms might fail. Mithril (MITH) distances itself from this model and initiated social mining.
The concept entails mining tokens whenever you create contents. Social mining can best be described as the project’s consensus mechanism and might pass off as automated mining.
What we have here is two-way traffic; users help the platform mine when they create contents and get rewarded with the MITH token. Earning for your content is not fiat; you actually work for it through social mining.
The Journey to Social Networking Starts With Mithril (MITH)
Not resting on its oars, Mithril (MITH) had already rolled out pseudo mobile application ran on Beta version. The Lit mobile application integrated the best features in social interaction. The app is embodiment of Mithril’s (MITH) vision of crypto-adoption in other scenarios. Featuring the Lit Chatroom and Lit Stories, users were let in to the world of content-reward that Mithril (MITH) pioneers.
Vault with Interoperability
All these while, thousands of currencies had been launched and are already trading. The poser is how funds emanating from these can be deployed to better use in the outside world. There is relatively no channel to make that work.
But with Mithril’s (MITH) Vault, crypto-interoperability is assured. The vault is embodied medium of crypto transactions. Similarly, it converts cryptos to another and fiat. You can exchange your crypto funds for its fiat equivalent and proceed to withdraw same.
These are part of released by Mithril (MITH) in its goal to make cryptos more acceptable.
Mithril’s (MITH) Merchant Network
The article here suggests that Mithril (MITH) has a merchant network that would be intermediary between the physical and digital worlds. The goal is to integrate the MITH token in traditional buying and selling. In the near future, the token will be deployed as payment medium in recognized dating and live-streaming sites.
Mithril (MITH): A Retailer is Standing-By
Mithril (MITH) is making good its promise of presenting its token as payment. It had already found willing partner in INST.RECYCLE. The latter is a clothing outfit and is hoped to be the pioneer platform to accept MITH token as payment. There will also be in-roads to other online platforms that might be interested in using the token as payment.
Interweaving Communication and Income
Currently holding the 59th spot on CoinMarketCap, Mithril (MITH) is no longer pipe-dream but a project that has seen daylight. It is worthy of note that the project picked up the race from where Dogecoin stopped. The latter had been arrowhead to rewarding users for their input on platforms. To this end, Mithril (MITH) might pass for variation of Dogecoin but has other features that separate them.
While rewarding users, the platform also mines its token same time users create contents. Its mission of integrating other social platforms is worth commending. Basking in the euphoria of its Beta version’s success, Mithril (MITH) no doubt, had positioned itself as platform with users’ interest at heart.