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Mithril is a decentralised social media platform designed to reward content creators. Using a process known as ‘social mining’, each user’s content and social interactions help them earn MITH tokens.
The basic premise behind Mithril is to reward users for posting content on social media platforms based on the likes, comments and shares they earn. While millions of posts, photos, videos and more are uploaded to mainstream social media sites every day, very few contributors actually profit from the content they share.
Mithril, which was founded by Taiwan’s 17 Media, centres on a concept known as social mining, which allows users to earn Mithril tokens (MITH) by using applications within Mithril’s decentralised network. This process aims to automate the monetisation of content, with social mining rewards directly linked to a user’s influence and success on a social media platform. The more value they bring to the platform, the more MITH they will earn.
Mithril was intially built on the Ethereum blockchain, however the platform migrated to the Binance Smart Chain in 2021. MITH tokens are designed to be integrated into new and existing social media networks. MITH was launched as a utility token in March 2018 on Lit, a social media platform that offers instant messaging, story feeds and friend discovery.
Mithril (MITH) is the 910th largest cryptocurrency in the world by market cap, valued at $10,564,804. The current price of Mithril is $0.0242536852, which is 16.129% higher than yesterday. Prices have ranged between $0.025128817 and $0.0206439884 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 07:05 UTC.
| Coin symbol | MITH |
|---|---|
| Coin Marketcap | AUD$10,564,804 |
| Total MITH supply | 1,000,000,000 |
| Circulating MITH | 618,753,636 |
| Current price | AUD$0.0242536852 |
| Notable team members | Jeffrey Huang |
| Partnerships | Machi X, 17 Entertainment, BayPay, TaiWei Entertainment |
| Industry | Social media |
| Token uses | Utility token, payments |
| Network | Binance Smart Chain |
Historical prices compared with the price of $0.0242536852.
| 1 hour | -0.03% |
|---|---|
| 24 hours | 16.13% |
| 7 days | 33.14% |
| 14 days | -47.65% |
| 30 days | -50.39% |
|---|---|
| 60 days | -47.95% |
| 200 days | -67.12% |
| 1 year | -77.36% |
Disclaimer: Cryptocurrencies, including Mithril, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MITH is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Mithril or any other cryptocurrency discussed.
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