Mithril (MITH) - A decentralized social media platform that rewards all content creators.



  •                                                                                Mithril - Intro

    Mithril is a decentralized social media platform on the Ethereum Blockchain. Mithril
    will integrate into new and existing social media networks to reward content creators
    for contributions to the network - we call this Social Mining.
    Mithril (MITH) will leverage blockchain technology to ensure that transactions are
    secure and safe for all participants. This technology revolves around decentralized
    data storage that can record transactions between parties in a efficient, trustless,
    and immutable manner.
    MITH will launch as a utility token on Lit, an innovative social media platform that
    addresses the needs of this current generation of users. This younger generation of
    social media users seeks a platform that addresses both their needs as early crypto
    adopters as well as their evolving needs in social media. Features such as instant
    messaging, story feeds, and discovery of new friends are all built into Lit for launch.
    Lit will enable Social Mining of MITH to reward users for contributing their personal
    content to the network, and provide the Mithril Vault for its users to store, use, and
    exchange MITH for BTC and ETH. Lit will seamlessly integrate into into major social
    networks to help users more easily monetize their personal content.
    With MITH tokens, users will be able to spend it across the MITH application
    ecosystem, such as dating services, premium content channels, and live-stream
    applications. The Mithril Merchant Network aims to allow retail acceptance of MITH
    as a payment method, beginning with retailers in Taiwan and Hong Kong at launch.
    The MITH network, armed with its user base of social influencers, will be a
    highly-desirable customer base which Mithril Merchant Network partners will benefit
    through a deep MITH integration.

    Lit has been developed to fully integrate with the MITH token, and has laid out a
    three-part plan to establish and grow Mithril’s network value:
    1. Drive network and user adoption for the Mithril platform.
    2. Develop a system of rewards and benefits for users and partners.
    3. Enable mobile wallet to spend MITH at both retail and online Mithril Merchants .
    Lit will serve as the leading platform to illustrate the network value of a decentralized
    contributor model and act as the cornerstone for future digital and social media
    networks.
    The Mithril team will assist in integrating the Mithril ecosystem into our launch
    partner social media platforms and help bring their users into the Mithril network.

    Mithril Solution Overview

    Mithril Token

    The Mithril token is an ERC-20 token.


    The Mithril team has implemented exciting new features to help rebalance the
    current social network ecosystem. We are implementing a new mining concept we
    term “Social Mining”. Social Mining seeks to automate content monetization and will
    equitably reward all content contributors with MITH.
    Our decentralized model will give power back to the content creators, thus providing
    incentive for content creators to deliver quality content and attract highly-influential
    users and viewers. This is the genesis of the Mithril ecosystem. With the large influx
    of quality users and viewers, we believe that the Mithril ecosystem will quickly
    generate significant amounts of revenue for Mithril partners and their content
    producers, thus making the Mithril network more sticky for both content creators as
    well as Mithril Partners. This creates a virtuous cycle that enables sustainable
    growth.
    Another feature of the Mithril ecosystem is the Mithril Vault. Mithril partner platforms
    and users can leverage this tool to track, maintain, and manage their MITH across
    multiple networks. Ease of use and security is a priority for the Mithril Vault. We seek
    to provide seamless integration to the Mithril Vault across all partner platforms.


    Social Mining

    A new concept that is integral in the new Mithril ecosystem is Social Mining. The idea
    is simple. As users produces valuable, user-generated content on the network, they
    will earn MITH via Social Mining. Their mining rewards will be directly linked to their
    influence and success as a contributor on the network. The more network value they
    bring to the platform, the more MITH they will earn. All mining efforts and rewards
    will initially transact via the Ethereum Network.


    35% of the total Mithril pool will be available for users to mine via Social Mining. For
    the next several years, a total of 350 Million Mithril will be distributed to users of the
    Mithril network through Social Mining. The Mithril quantity that is available for
    discovery will be halved annually over the course of a predetermined number of
    years. At the end of this mining period, all 350 Million Mithril will have been mined
    and distributed. Social Mining will have distribution controls that will act similarly to
    Bitcoin’s dynamic difficulty retargeting adjustments.







    The above graph displays the Mithril distribution model via Social Mining. This model
    awards early adoption of the Mithril token, as Social Mining rewards are reduced
    exponentially. Initially, network growth will be driven via larger MITH mining rewards.
    As Mithril user base and network scales, Mithril’s network value will increase
    accordingly, allowing the lower MITH reward to continue as an effective incentive for
    Social Mining to continue.
    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.














    Mithril Vault


    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.


    Mithril Platform

    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. Through this protocol, we intend to make
    integration of the MITH token, Social Mining, Mithril Vault, Mithril Merchant Network,
    and other Mithril features easy for major social networks.
    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-20 MITH token holders onto our
    mainnet tokens.


    Mithril Merchant Network

    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.recycle1, Taiwan's largest celebrity vintage and used clothing retailer. To join the
    Mithril merchant network, contact us at [email protected] .


    Token Distribution

    Token Exchange — 30%
    The token exchange takes place in two rounds of private placements. The first round
    of placement has ended.
    Development Team — 5%
    Our team is committed to long-term growth. Team tokens will vest over 4 years with
    a one year cliff.
    Community Development — 20%
    There will be several bounties program, security testing, and smart contract auditing.
    We will also provide incentives for early adopters and key influencers.
    Early Backers and Advisors — 5%
    Future Reserves — 5%
    Social Mining — 35%
    The participants in the Mithril ecosystem will receive rewards based on their
    contribution to the social network. As contributors provide valuable content and
    increase network value, they will receive mining rewards. Mining rewards will
    decrease annually for the next several years of the Mithril ecosystem.


    Roadmap

    Links:

    website:https://mith.io/

    telegram:https://t.me/MithrilChat

    facebook:https://www.facebook.com/Mithr...

    blog:https://medium.com/mithriltoke...

    twitter:https://twitter.com/MithrilTok...

    reddit:https://www.reddit.com/r/Mithr...

    steemithttps://steemit.com/@mithrilto...

    one pager:https://mith.io/onepager.pdf

    white paper:https://mith.io/whitepaper.pdf

    mith vault:https://mithvault.io/







  • Latest update! Introducing Lit’s new feature: Archive!

    With the launching of video editing feature, we’ve received tremendous feedbacks from our users, hoping to preserve the stories they’ve shared on Lit in the future. We’ve heard you! Mithril is launching a brand new feature, “Archive”, for you to review and collect all your posts, making it your personal diary.

    Let’s see how it works!

    Introducing “Archive”

    In the latest update of Lit, we have seperated your posts into two sections: “Latest” and “Archive”.

    Archive: appears in your profile page, it works as your personal gallery, collecting all your posts from the past.

    Latest: a feature that all Lit users must be familiar with. It collects your stories over the past 24 hours. Through the algorithm of Lit, content creators are rewarded the MITH tokens through social mining based on their content quality and performance.

    Two Developing Keypoints

    There are two highlights of the new feature “archive”:

    1. Throw back to the good times you once shared

    No longer need to screenshot to save a post when using Lit! You can now review all your previous posts in the “archive” section. You can always take a trip down the memory land whenever you want!

    2.Review your social mining performance

    It enables you to review and analyze the social mining performance of each post, as well as to optimize the content to accelerate your social mining speed.

    *Please note that the MITH you acquire through social mining on Lit will only be calculated within the 24 hours after posting.

    This new feature is now available to download in the latest update for both iOS and Android device. Want to try out this new feature?

    Update your Lit now: https://mith.pse.is/9E8BD



  • Mithril Roadmap 2018–2019

    Mithril reveals its roadmap — Here is a sneak peek of Mithril’s plan for the future:

    In light of the popularity of Vault’s latest feature “Shift”, Mithril will support the exchange of MITH tokens with Bitcoin, as well as other ERC20 tokens in Q4, in addition to Ether now.

    Mithril kicked off in 2018, and will leap forward in 2019, as it introduces MITH Payments and the Mithril Ad Network in H1 2019.

    Payments is the next big thing for Mithril. While building strategic partnerships, Mithril is also developing APIs to connect with different payment networks and companies to facilitate payment. When “MITH Payment” comes live, it will dramatically advance the circulation of MITH tokens.

    Mithril Ad Network serves as a network for companies to gain access the millions of users on the Mithril network through advertisements , and for users to promote their content. The unique social regenerative model of Mithril allows content creators to invest MITH tokens rewarded from social mining, back into the ad network to reach an even larger audience!

    Stay tuned to find out more about our developments, partnerships and joint programs!



  • Mithril Weekly | 秘銀週報 8/24/2018

    Mithril Vault — New Interface for Mobile Version

    Aug 22 — We are launching a new interface for Mithril Vault on mobile devices for better user experience! Check out the news title for more details.

    Mithril Ecosystem in One Minute

    The Mithril ecosystem has been rapidly expanding. Yet perhaps most users only have vague idea of what Mithril is trying to achieve and what it has to do with Lit.

    Mithril has been discussing partnership opportunities with several companies regarding using MITH tokens as a payment method. Soon, MITH holders would be able to put their asset into use with diversified entertaining services with MITH tokens. Click the news title for details.

    Did You Know- Chinese Ghost Month

    August 22 — On the first day of Lunar July, people believe that the gate to the underworld opens and the spirits return to the living world for a one-month “vacation”. During this month, families and companies would set out a table of food and offerings as tribute to the ancestors to pray for everyone’s safety during this month. Mithril brought in creativity into the ghost month, combining tradition to the bounty of the week, letting users earn rewards by guessing what the offerings are, drawing 5 winners. Mithril is one creative representative in the cryptocurrency world!

    See you next week!

    ___________________________________________________________________

    秘銀金庫- 手機版網頁全新設計

    秘銀金庫的手機版網頁在近期將改版設計畫面,新增三項呈現方式!詳情請點擊新聞標題。

    一分鐘認識秘銀生態系

    近期秘銀生態系逐漸擴張,我們也發現有許多朋友們仍然沒有很清楚秘銀的目標、以及秘銀與Lit的關係。在支付的部分,秘銀目前已經跟數家廠商有在洽談合作,在不久之後秘銀持有者便能輕鬆地使用秘銀幣,享受更多元化的影音娛樂服務。詳情請點擊新聞標題。

    看週報長知識 — 中元節特別企劃

    每年農曆七月,是台灣人俗稱的「鬼月」,在每年七月十五日中元節當天,都會備齊豐盛的酒肉菜餚當供品來款待好兄弟來超渡這些長年在陰間受苦受難的亡靈。秘銀發揮創意,結合傳統習俗推出上新活動跟用戶互動,以猜供品的方式讓用戶賺取獎勵,抽出五位得獎者,反應激烈,是幣圈最有創意的代表!



  • A Leader in Social Mining, Mithril is Going to Korea|社交挖礦領軍,秘銀將進駐韓國市場

    Targeted at the global cryptocurrency market, Mithril is branching out, in particular to the Korean market where the development is the fastest and discussions are the most heated. Mithril is making its first stop in Korea.

    Mithril has invested significantly in getting MITH Token listed on Bithumb, the largest exchange in Korea, upcoming listing on OKCOINkorea and CoinZest will also be the momentum to give Mithril a big push in Korea.

    Exploring the potential in the Korean cryptocurrency market, Mithril has set up several channels including Korean telegram and Kakao account, to give Korean cryptocurrency holders access to Mithril news network. Surveys show that Korean cryptocurrency holders are strongly interested in the “social mining” concept advocated by Mithril and identify with the principle that “creations have values”.

    Mithril will be hosting a party in Seoul and inviting all cryptocurrency holders in Korea. Let’s create opportunities and enjoy social mining!

    =================================

    미스릴의 비즈니스는 글로벌 화폐시장을 목표로 삼아 해외까지 확장하고 있습니다. 이 중 미스릴에서는 발전속도가 빠르며 가상화폐에 대한 토론도 가장 뜨거운 한국을 첫 해외시장 진출 국가로 정했습니다.

    미스릴은 많은 자원을 투자하여 순차적으로 한국 최대 거래소인 빗썸(Bithumb), OKCOINkorea와 코인제스트(CoinZest)에 상장하여 정식으로 한국시장을 진출하였습니다.

    한국 가상화폐시장의 잠재력을 높게 보고 미스릴에서 한국 공식 텔레그램, 카카오 오픈채팅방과 카카오 플러스친구 등 커뮤니티를 개설해 한국 홀더들이 미스릴을 더 많이 접촉할 수 있게끔 네트워크를 구축하였습니다.

    다가올 하반기에 서울에서 미스릴 파티가 열릴 예정이며, 이 자리를 통해 많은 한국 홀더들이 참석해 소셜 마이닝의 매력을 느껴보는 시간이 되었으면 하는 바램입니다.

    =================================

    以全球貨幣市場為主要目標,秘銀更將商業觸角延伸至海外,其中,以發展快速、幣圈討論熱度最高的韓國,為秘銀拓展市場的首要駐足點。

    秘銀投注大量資源,不僅與韓國最大交易所 Bithumb 合作上幣,更陸續與知名交易所如 OKCOINkorea、CoinZest 展開上幣計劃,厚實在韓國當地的發展實力。

    看準韓國貨幣市場的潛力,秘銀快速設立韓文電報群、官方 Kakao 等連絡渠道,提供韓國持幣者更多接觸秘銀的消息網絡。據了解,韓國持幣者對秘銀所提倡的「社交挖礦」有高度興趣,更認同秘銀所一直強調的「創作有價」理念。

    秘銀將於今年下半年在首爾舉辦派對,邀請廣大的韓國持幣者一同參加,體驗秘銀社交挖礦的魅力!



  • Mithril Vault — Your first Cryptocurrency Wallet|秘銀金庫-你的第一個虛擬通貨錢包

    Mithril Vault has arrived among great anticipation of the crowd.

    It is more than just a tool for withdrawing MITH tokens acquired from social mining. Mithril has a long-term plan in mind for Mithril Vault.

    Logo and interface design

    At first, we thought a medium to withdraw MITH tokens acquired from social mining is all we need. Considering that Mithril aims to bring more people on board the social mining train, as well as acquaint, comprehend and use cryptocurrencies, the user interface and user experience are tailored to be as simple as possible. The logo design and color pallet brings out a sense of technology, yet hospitable at the same time — diminishing the stiff distance that most blockchain products possess.

    In addition, the interface design intentionally avoided overly-fancy designs. Clear and simple 2D images are used, matched with concise lines and buttons for users to easily navigate within and locate the feature they’d like to use, as well as quickly understanding the functionalities. Up until today, Mithril team is delighted to have received feedback from users about how beautiful yet comprehensible the interface design is.

    Mithril Vault Features

    Withdraw

    As a tool in response to the demands of social mining, withdrawing tokens is undoubtedly the first step.

    For users to operate effortlessly, connecting Mithril Vault with Lit is extremely easy. If you wish to withdraw MITH tokens and wire into other users’ cold/hot wallets.

    Shifting

    In addition to withdraw, Mithril Team came to contemplate that: since social mining has introduced most users to cryptocurrencies, then Mithril Vault must be the first cryptocurrency wallet for those users. We understand for beginners, transferring assets to other location can be complex and troublesome. Therefore, “shifting” is created.

    “Shifting” enables users to exchange and use MITH tokens acquired from social mining. Compared with the complicated orders on exchange platforms, shifting allows users to exchange MITH tokens at a fair rate with only one click. The first available token is Etheruem, and we also have other currencies in line.

    Staking

    The concept of staking is about rewarding those who believe in Mithril team and enhancing the mechanism of social mining.

    As you’ve locked MITH tokens into Mithril Vault through “staking”, your social mining speed will be accelerated depending on the amount you’ve staked.

    We’re delighted to see some users posting entries about what they think about staking! We’re currently undergoing a feature update on “staking”, adding some more fun to social mining!

    Where Mithril Vault Lies in the Mithril Ecosystem

    If you’ve been reading our posts about the Mithril Ecosystem, you must know that we have an ambitious goal to reach.

    From acquiring MITH tokens through social mining to the withdraw feature at Mithril Vault, we’re also thinking: as the first ever cryptocurrency wallet for more users, is there anything else that we could do?

    From introducing the concept of wallet and asset management, to making payments at actual stores, Mithril hopes to penetrate daily life with the concept of cryptocurrency and blockchain technology through Mithril Vault. Mithril aims to become the most accessible token — easily acquired, used and present. Mithril Vault is the crucial essence of such goal.

    The product team of Mithril Vault takes great responsibility in its feasibility and functionality, as well as making cryptocurrency easy-to-use.

    We will soon release Mithril Vault’s future development blueprint. Stay tuned!

    We look forward to any recommendation from our users!!

    秘銀金庫-你的第一個虛擬通貨錢包

    秘銀金庫可以說是在大家的熱烈期盼中誕生的。

    不僅僅是作為提領社交挖礦所獲得秘銀幣的工具,秘銀對金庫有著更長遠的規劃。

    logo與介面設計

    一開始的構想,確實只是希望能夠有個能夠提領社交挖礦所獲得的秘銀幣的工具。考慮到秘銀的目標就是希望讓更多人透過社交挖礦接觸、認識、使用虛擬貨幣,金庫從一開始的 UI & UX 設計走的就是極簡風,logo 與色調的設計想要在帶有科技感的同時,卻不像一般區塊鏈公司的產品給人過於生硬的距離感,而能夠予人親近感。

    此外,在界面的設計上,也是盡可能地避免過於花俏的設計,以單純清楚的2D圖像,搭配簡潔的線條與按鈕,讓使用者能夠快速而輕鬆地找到需要使用的功能,並且迅速理解如何使用。時至今日,團隊很高興時常接收到使用者回饋表示,金庫的介面真的設計得簡單易懂又美觀。

    金庫各項功能的誕生

    提領

    作為因應社交挖礦需求而誕生的工具,提領功能自然是第一步。

    為了讓使用者簡便地使用,金庫與 Lit 的連結方式非常簡單,提款也能使用輕鬆貼上地址,將秘銀幣轉到其他個人冷熱錢包中。

    兌幣

    在提領功能之外,團隊也開始思考,既然社交挖礦會讓更多人們認識虛擬貨幣,秘銀金庫就會是那些使用者第一個接觸到的虛擬貨幣錢包。我們明白對於虛擬貨幣圈的新手使用者來說,將資產轉去其他地方運用的複雜與麻煩。也因此,創造了「兌幣」功能。

    「兌幣」功能的建立是為了讓秘銀持有者們能夠自在地轉換、運用社交挖礦賺到的秘銀幣。相較於交易所繁瑣的掛單買賣,兌幣功能讓使用者們能夠輕鬆地使用公平的匯率直接跟秘銀團隊交易,一鍵轉換自己的虛擬貨幣資產。目前第一個提供的幣種自然是以太幣,其他幣種也在準備中,希望很快便能提供給大家使用。

    秘存

    「秘存」的概念除了是希望獎勵對秘銀團隊有信心的持幣者,更是為了豐富社交挖礦的機制。

    透過「秘存」將持有的秘銀幣鎖入金庫,便能夠根據秘存的數量加速社交挖礦的速度。

    前陣子,我們很高興地看到有使用者撰寫了文章分享自己的秘存心得!最近我們也在如火如荼地進行「秘存」功能改版,希望讓大家挖礦挖得更有趣!

    金庫在秘銀生態系的定位

    看過前陣子秘銀生態系文章的各位想必都清楚,秘銀有個遠大的目標。

    從透過社交挖礦來獲得秘銀幣、到透過金庫在提領功能之外,團隊也開始思考,作為越來越多的使用者第一個接觸到的虛擬貨幣錢包,還有沒有更多我們可以做的?

    從引入錢包和管理資產的概念、到與實體店家的支付對接,秘銀希望能夠透過金庫,讓虛擬貨幣與區塊鏈概念,更深入大家的生活。秘銀希望能夠作為做貼近大眾的虛擬貨幣,在生活中便利的獲得、使用、無所不在。而秘銀金庫便是實現這個目標不可或缺的一部分。

    秘銀金庫的產品團隊有著強大的使命感,我們不僅要讓這個產品容易使用、更要提供更多實用的功能,讓虛擬貨幣成為人人都能夠輕鬆上手的一件事。

    近期,我們即將推出更多關於秘銀金庫的未來規劃,請大家拭目以待。

    團隊也非常期待聽到來自使用者的任何建議!



  • Mithril (MITH) Exchnage Update — Mithril Listed on OEX

    We are pleased to announce that Mithril is listed on OEX on 2018/10/12. Trading starts today.

    OEX (www.oex.com) is one of the world’s famous digital asset trading platforms, belongs to OEX International PTE LTD., and its headquarter is based in Singapore. It provides global users with digital assets and derivatives trading services, such as Bitcoin and ETH. It is famous for its “high experience, high security, low threshold, and low formalities”. The industry has covered nearly 50 countries and regions in the world, supporting two trading areas of BTC and TC. It has won many awards such as the “Special Contribution Award in 2017–2018 Block Chain”.

    OEX official website: https://oex.com/

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    秘銀很高興宣布我們於 2018/10/12 上架了 OEX 交易所,於今日開放交易。

    OEX(www.oex.com)是全球著名的數位資產交易平臺之一,隸屬於 OEX International Limited.總部位於新加坡,為全球用戶提供比特幣、以太坊等數位資產及衍生交易服務,以「高體驗度、高安全性、低門檻、低手續費」等優勢聞名於業界,用戶遍佈全球近 50 個國家與地區,支持 BTC、TC 兩個交易區。曾榮膺「2017–2018 區塊鏈特別貢獻獎」等諸多獎項。

    OEX 官方網頁:https://oex.com/



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