Mithril is new a decentralized Social Media Platform based on the ERC-20 standard of the Ethereum Blockchain. Mithril (Lit app) another token like Steemit and Electroneum which are social media networks with a decentralized approach, where user or creator of content receives Rewards for contributions to the Blockchain Network.
“Users can mine Mithril tokens through a concept called Social mining. Each user’s content and social interactions generated in the mithril ecosystem will mine MITH based on our algorithm.” – mith.io
Mithril and Ethereum Blockchain network allow recording, distribution and mining of Mithril.
What is Social Mining?
Social mining is a brand new concept that rewards all content creators. By simply sharing your stories on a platform, User can earn rewards based on your content, engagements and social influence. – lit.Live
What is Lit app?
On 13 April 2018 Mithril Ltd Lunches Lit app on Google play store and App store (Lit – Mine your Mithril) beta version.
Users can share their stories via lit stories, and the with Mithril tokens based on their stories impact and influence across the network. Download Lit beta version.
Lit app Has 6 main features in beta Version.
Lit stories are similar to stories on Instagram and Snapchat platforms, stories will last for 24 hours before disappearing. Stories can include posts, videos, slideshows, or individual photos. (some features are not yet available)
Lit will also integrate with the camera on mobile devices and use advanced modern algorithms for cameras to deliver features so lit users can take excellent videos and photos with filters and some basic effects.
Lit Personal Chat
The lit personal chat allows users to share stories between friends.
Lit discover lets users find new people to follow and connect.
The lit profile lets User manage their personal data and stories. users can grab your username and write Bio in the app, but you can’t put a link in your Bio. users can also see your earned mithril.
The lit notification help with notification and who are the people following you i.e you are a friend now.
With the hype of more than 30 % in just one week.
Founder Jeffrey Huang and an entire mithril are looking forward to making something great in social media via introducing blockchain social media by empowering content creators.
As Mithril Ranks on 73 Ranks on Coinmarketcap on 15 April 2018.
1MITH = $0.665947 USD
Lit App - Mithril (MITH)
Mithril is new a decentralized Social Media Platform based on the ERC-20 standard of the Ethereum Blockchain. Which has great potential in the Social Media industry.
- Lit App: Mithril (MITH) Review