Mithril (MITH) is a decentralised social media platform that rewards content creators. Users earn rewards by interacting with the project through a process called “social mining”. Built on blockchain technology, the platform aims to make the social media industry more equitable. In this article of Zatrun.com, we will delve into Mithril and learn about the investment potential of MITH.

What is Mithril and How Does It Work?

Mithril (MITH) is a blockchain project that aims to decentralise social media platforms and reward content creators. The project was launched on the Ethereum blockchain in 2018 and was moved to BNB Chain in 2019. The platform currently has a market cap of $4.1 million and a trading volume of around $1.16 million in the last 24 hours.

The project ensures user safety and privacy with decentralised data storage technology. The project has launched the Integration Protocol to integrate seamlessly with social media platforms, enabling users to access an ecosystem connected to other social media platforms.

The Mithril platform rewards social media users with MITH coins through “social mining”. Users are automatically rewarded with MITH coins by the algorithm through content creation and network interaction. The “Lit” application, one of the project’s major services, is a social media platform that can be downloaded on IOS and Android devices. Users who share stories, posts, and comments on Lit earn returns with MITH.

What is MITH? Is It a Good Investment?

MITH coin works as the native cryptocurrency of the Mithril project. Users can earn cryptocurrency through networks that are part of the project. In addition, tokens can also be earned by sharing and interacting with content produced on Lit applications and other joint platforms. The cryptocurrency can be used as a spendable asset on joint applications. It can be securely stored with the Vault wallet and synchronized on every platform. It can also be exchanged with ETH and other cryptocurrencies.

Mithril has created “social mining” by combining the popularity of social media with cryptocurrency and blockchain technology. Due to the unique reward system, there will be incentives for users to join the platform. If the platform creates a successful social media environment, users will continue to use Lit even if the rewards decrease.