Initially, network growth will be driven via larger MITH mining rewards. All Social Mining transactions will be verified and secured via Ethereum smart contracts, providing a safe and reliable infrastructure for Social Mining. All transactions can be tracked and verified on the Ethereum blockchain, creating a much-desired transparency for all users and partners on the Mithril network.
In this example, we have 3 users: David, Bob, and Carol. Using our social mining algorithm, while setting the current per view weight at 1 and the per heart weight at 5, David will have mined ore, Bob at ore, while Carol has mined 0 ore. Based on preset calculations, the total Mithril Reward for this 1 week period was automatically determined to be MITH. The Mithril Vault will be an easy-to-use transaction system for each user and partner platform to manage, secure, and spend their Mithril.
We seek to lower the barrier of entry for users of all platforms and allow for cross-platform integration of the Vault. The Mithril Vault will feature reward estimation tools that can estimate a user's Mithril reward based on their recent contributions. The reward estimation tools will show users a rough estimate of their potential Social Mining Rewards.
The ultimate goal of the Mithril team is to become the best and most optimized blockchain for social network applications. The first step to achieving this goal is to integrate MITH into all major social networks. Mithril features are intended to be leveraged across any major social media to give all users direct impact over their social content ownership, thus awarding them for their work on any relevant social network.
Furthermore, we are exploring MITH acceptance on partner apps and services, where MITH may be accepted as a form of social currency to pay for premium features and services on these platforms. The Mithril Integration Protocol is designed for seamless integrations between social networks and the Mithril Ecosystem. As blockchain platforms continue to evolve, we intend to continually assess platforms for their ability to support the best and most optimized social network token.
Scalability, transaction cost, and community support are the top metrics by which we will measure platform viability. As Mithril evolves, we intend to keep close watch on leading Ethereum scalability solutions such as Plasma, Raiden Network, as well as platforms outside of Ethereum , such as EOS and Zilliqa.
Finally, we intend to explore the option of launching our own Mithril blockchain to best address the needs of social network applications, swapping all ERC MITH token holders onto our mainnet tokens. In addition to having apps and services accept MITH as payment, we are also working toward a broader merchant network across physical, brick-and-mortar retail acceptance of MITH. Among the first retail partners that will accept MITH at launch is inst.
To join the 1 Mithril merchant network, contact us at [email protected]. Globally, 2. The frequent sharing of an individual's life is considered normal and a major part of our always connected social society. Stories are a recent new social trend that has been making huge waves in the social content world. Lit offers a feature-rich and well designed Stories platform that directly integrates into the Mithril ecosystem. As users share their stories via Lit Stories, users can be rewarded with Mithril tokens based on their stories impact and influence across the network.
Stories is a time sensitive sharing feature that gives content producers a way to share small intimate glimpses of their life with their friends, family, and the general public. Within 24 hours, the story will be automatically be removed from the platform. Stories can consist of individual photos, slideshows, videos, posts, etc. Users can choose to share their stories publicly or privately. This allows users to be carefree about sharing their own life while maintaining their privacy at a level in which they are most comfortable.
This sharing model was first implemented by Snapchat and has since been a leading feature among top social media platforms. Instagram stories had a huge growth impact on their platform and helped boost its popularity. A surprising but also exciting statistic is that approximately one-third of the stories that are actively followed are directly associated with business accounts, which directly suggests that stories would be an excellent tool for businesses to leverage for their digital marketing campaigns and goals.
Lit will directly integrate with mobile device cameras and apply advanced and modern camera algorithms to give Lit users the tools and features to take the best looking pictures. The combination of technology and post-effects will allow Lit users the capability of sharing and showcasing their life through the best lens. The Story Feed will be the most active and important feature of Lit. The Story Feed will allow users to have quick and easy access to stories across the social network.
The Story Feed will feature stories of Friends and Followed feeds and put them right at the fingertips of Lit network users. Intuitive gestures and navigation will be implemented to provide a seamless, fast, and simple user experience. The community interaction functionality of the Story Feed is a top priority for our team. We have given our story readers the ability to connect with their family, friends, communities, and fan base with the addition of the heart and story message feature implemented directly into the Story Feed.
With fast and simple gestures, our team focuses on allowing any user to be able to quickly access, share, and to give and receive feedback on their stories feed. Lit will also feature an interactive chat system that can facilitate private conversations between friends in addition to hosting groups, and community chat rooms. The Lit Chat feature will allow for sharing of stories between friends, groups, and communities.
Lit Discover is a feature for those looking to connect with more people, groups, and communities that share similar interests. It will feature news, business, media, and celebrity story feeds based on the user's current trending interests calculated via data collection algorithms or based on user selection. In addition to this profile, all users can view their current Mithril availability and will help connect all users to Mithril features such as Social Mining and the Mithril Wallet. The Lit Public Profile will present user selected stories, content and data for the general public to view and access.
The public profile will be an engaging billboard for users to have a user-customized filtered view of each's personal information. Mithril MITH is a decentralized social media platform that incentivizes and rewards content creators.
Users are rewarded based on the likes, comments and shares that their content earns. MITH launched as a token on the Lit social media platform. On the Lit platform, users receive rewards for contributing content. Moving forward, Mithril will integrate into both new and existing social media networks.
Currently, the team is developing the Mithril Wallet, set to launch in the final quarter of , along with the Alpha and Beta versions of the Mithril Shift. The company also plans to work toward developing a wider merchant network called the Mithril Merchant Network which will serve as one of many ways to make use of the MITH tokens. Lets buy this amazing coin on spot and wait for it give use incredible profits. Mith sitting on support line lets watch the break. He wants go!
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Market Cap. BTC Dominance. ETH Gas. Mithril [MITH]. Rank: On 50 watchlists. A decentralized social media platform that rewards all content creators. Contracts Ethereum 0x Socials web explorer explorer twitter telegram More source github. Overview Markets News Arbitrage Widgets. Supply Circulating:.
Circulating Supply. Max Supply. Total Supply. Buy Exchange Gaming Earn Crypto. Mithril Links. Mithril Contracts. Ethereum 0x Please change the wallet network Change the wallet network in the MetaMask Application to add this contract. I understand. Mithril Tags. Category Smart Contracts. Industry Media. Mithril to USD Chart. Mithril MITH is a decentralized social media platform on the Ethereum Blockchain that rewards users for creating content.
The team plans to partner existing social platforms to drive adoption of its ERC MITH token, which can reportedly be integrated with any social media platform. In addition to storing funds, the Mithril Vault wallet can be used for staking and swapping into other currencies.
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