Mithril

Mithril (MITH) is a decentralized social media platform based on Ethereum. Contrary to conventional, centralized social media, such as Facebook, or Instagram, Mithril intends to incentivize contribution and engagement by rewarding content creation. Users are said to be compensated in MITH, which is the native token of the network. As it is an ERC-20 token, it can be exchanged for any other crypto following the same standard. MITH can also be staked and kept safe in the network’s integrated wallet, called Mithril Vault. According to sources, Mithril aims to offer its solutions as sort of plug-ins for other traditional social networks. This way, users can leverage the tokenization and content monetization concepts of Mithril, while remaining on the platforms they are familiar with. With its incentive framework, and decentralized nature, Mithril looks to become the role model for next generation social networks.