What is mithril cryptocurrency?

It is claimed that the platform uses Ethereum’s blockchain services, and the native token MITH is also an ERC-20 coin. Even though there is very little information on Mithril cryptocurrency, it is one of the top 500 assets, as of writing. Notably, CoinMarketCap now tracks over 20,200 assets.

Could mithril be a good example of a rising crypto token?

Mithril could be a perfect example to understand that crypto tokens might rise and fall sharply without any reason. Mithril’s Twitter account has not posted anything since past year, and there is seemingly no official project website. Despite this inactivity, the MITH token has traded very heavily lately.

Is mithril a public ICO?

Instead of a public ICO, Mithril held a private ICO crowdsale to accredited investors. During this event, 400,000,000 MITH was distributed and 50,000,000 was retained by the Mithril team for development and marketing. Mithril MITH tokens are mined by participating on partner applications and this social mining is a game-changer.

Could mithril be the next generation of social media platforms?

The Mithril Vault is the platform’s wallet and is used for storing funds, staking, and exchanges into other currencies. With these pieces in place, Mithril could be the next generation of social media platforms. Or it could become a very expensive flop.