Question 1

What is the current price of Mithril (MITH)?

Accepted Answer

As of now, the current price of MITH is XRP 0.00001403, a +0.00% change in the past 24 hours.

Question 2

Can you briefly describe Mithril (MITH)?

Accepted Answer

Mithril (MITH) is a decentralized ecosystem on the Ethereum blockchain. Mithril aims to revolutionize the way we think about social media by rewarding users for their content based on its impact and popularity, such as number of likes and views. It is an innovative concept in the blockchain and cryptocurrency arena, aiming to decentralize and reward social media content creators in a fair and open way.

Question 3

Who are the creators of Mithril?

Accepted Answer

Mithril was developed by a dedicated team of blockchain enthusiasts who recognized the potential of leveraging social media networks for "mining" or rewarding social media content creators. There is no one specific founder, instead it was launched through a private crowdsale.

Question 4

How does Mithril work?

Accepted Answer

Instead of having its own social media platform, Mithril integrates with existing platforms. The Mithril integration protocol allows MITH mining on all social media networks. This not only allows Mithril to leverage existing sites, but also allows content creators to utilize their pre-existing follower networks to mine Mithril, offering them an additional income stream. It's a less stressful and less time-consuming approach compared to establishing followers on a new platform.

Question 5

What makes Mithril unique?

Accepted Answer

Mithril's primary uniqueness comes from its idea of "social mining". By creating and sharing content, users earn Mithril (MITH) tokens, which can then be spent within the ecosystem. This game-changing element provides users an incentive not just to engage with the platform, but also to produce quality content.

Question 6

How is Mithril's MITH token distributed?

Accepted Answer

MITH tokens are distributed to users based on their engagement and content production on partner application platforms. It is a reward for their contribution to the ecosystem. Mithril distributed 400,000,000 MITH during a private crowdsale, with 50,000,000 retained by the Mithril team for development and marketing.

Question 7

What is the supply of Mithril (MITH) in circulation?

Accepted Answer

The current circulating supply of Mithril (MITH) is 618.8M out of a total supply of 1000.0M.

Question 8

Where can I buy Mithril (MITH)?

Accepted Answer

MITH is currently available for purchase on Binance, DigiFinex, OKEx. However, it's always better to store your cryptocurrencies in secure wallets that support ERC-20 tokens.

Question 9

How can I keep my Mithril (MITH) safe?

Accepted Answer

As a rule of thumb, it's advisable to store your MITH tokens not on exchanges due to security concerns, but in an ERC-20 wallet that allows you to add custom tokens, such as MyEtherWallet or MyCrypto.

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