Difference between revisions of "Mithril (MITH)"
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A [[decentralized]] social media platform aimed at directly rewarding content creators with its native [[token]] MITH. | |||
==Basics== | ==Basics== | ||
*Based in: | *Based in: | ||
*Started in / Announced on: | *Started in / Announced on: [https://medium.com/@investigationsbyzachxbt/22-000-eth-embezzled-and-over-ten-projects-failed-the-story-of-machi-big-brother-jeff-huang-a1ad073fcfa8 late 2017] | ||
*[[Testnet]] release: | *[[Testnet]] release: | ||
*[[Mainnet]] release: | *[[Mainnet]] release: | ||
==History== | ==History== | ||
* From an [https://medium.com/@investigationsbyzachxbt/22-000-eth-embezzled-and-over-ten-projects-failed-the-story-of-machi-big-brother-jeff-huang-a1ad073fcfa8 expose] by [[ZachXBT]] (16-6-2022): | |||
''"In late 2017, [[Jeffery Huang|Huang]] founded Mithril. Mithril conducted a private token sale on February 21, 2018, raising $51.6m (60,000 [[Ethereum (ETH)|ETH]]), representative of 30% of the total token supply. 70% of these private sale [[tokens]] unlocked at TGE in February 2018, with the remaining 30% unlocking over the next three months. In April of 2018 Mithril listed on the [[Centralized Exchanges (CEX)|centralized exchange]] [[Bithumb (BXA)|Bithumb]]. By May of 2018, MITH tokens were fully vested, and by then, represented 89% of the circulating supply, resulting in huge selling pressure.'' | |||
''On July 26th 2018, Jeff and Mithril were caught trying to cheat the [[Binance]] monthly Community [[COIN|Coin]] vote. A user named Lucky uncovered evidence showing that Mithril received over 80,000 votes which were funded solely by two to three [[Address|addresses]]. The Community Coin vote functions thusly: 1 [[Binance Coin (BNB)|BNB]] is equal to 1 vote, with up to 500 BNB/votes allowable per account, so that one voter is able to receive a maximum of 500 votes by holding 500 BNB. In the rules however, Binance [https://www.binance.com/uk-UA/amp/support/announcement/360004772311 states] that the creation of fake accounts is tantamount to distributing BNB en masse and resulting in automatic disqualification from the competition. Jeff used the same address for the Formosa [[Initial Coin Offering (ICO)|ICO]] that was closely linked to Mithril at the time, holding $8.6m worth worth of MITH."'' | |||
== Governance == | |||
===Admin Keys=== | |||
===DAO=== | |||
===Treasury=== | |||
== Audits & Exploits == | |||
*[[Bug bounty]] program can be found [insert here]. | |||
===Bugs/Exploits=== | |||
==Token== | ==Token== | ||
===Launch=== | ===Launch=== | ||
| Line 25: | Line 43: | ||
===How it works=== | ===How it works=== | ||
=== | ===Fees=== | ||
===Upgrades=== | |||
===Staking=== | ===Staking=== | ||
====Validator Stats==== | ====Validator Stats==== | ||
| Line 32: | Line 51: | ||
===Interoperability=== | ===Interoperability=== | ||
===Other Details=== | ===Other Details=== | ||
==Oracle Method== | ==Oracle Method== | ||
==Their Other Projects== | ==Their Other Projects== | ||
==Roadmap== | ==Roadmap== | ||
*Can be found [Insert | *Can be found [Insert [[LINK|link]] here]. | ||
==Usage== | ==Usage== | ||
===Projects that use or built on it=== | ===Projects that use or built on it=== | ||
| Line 56: | Line 62: | ||
===Pros=== | ===Pros=== | ||
===Cons=== | ===Cons=== | ||
==Team, Funding, | ==Team, Funding, Partners== | ||
===Team=== | ===Team=== | ||
| Line 69: | Line 75: | ||
Making these free wiki pages is fun but takes a lot of effort and time. | Making these free wiki pages is fun but takes a lot of effort and time. | ||
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information. | If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information. | ||
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | ||
Latest revision as of 10:27, 11 July 2022
A decentralized social media platform aimed at directly rewarding content creators with its native token MITH.
Basics
History
"In late 2017, Huang founded Mithril. Mithril conducted a private token sale on February 21, 2018, raising $51.6m (60,000 ETH), representative of 30% of the total token supply. 70% of these private sale tokens unlocked at TGE in February 2018, with the remaining 30% unlocking over the next three months. In April of 2018 Mithril listed on the centralized exchange Bithumb. By May of 2018, MITH tokens were fully vested, and by then, represented 89% of the circulating supply, resulting in huge selling pressure.
On July 26th 2018, Jeff and Mithril were caught trying to cheat the Binance monthly Community Coin vote. A user named Lucky uncovered evidence showing that Mithril received over 80,000 votes which were funded solely by two to three addresses. The Community Coin vote functions thusly: 1 BNB is equal to 1 vote, with up to 500 BNB/votes allowable per account, so that one voter is able to receive a maximum of 500 votes by holding 500 BNB. In the rules however, Binance states that the creation of fake accounts is tantamount to distributing BNB en masse and resulting in automatic disqualification from the competition. Jeff used the same address for the Formosa ICO that was closely linked to Mithril at the time, holding $8.6m worth worth of MITH."
Governance
Admin Keys
DAO
Treasury
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Token
Launch
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on: Ethereum
How it works
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partners
Team
- Full team can be found [here].
- Jeffery Huang; founder
Funding
Partners
(:
Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!
Making these free wiki pages is fun but takes a lot of effort and time.
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
Also check out CoinTr.ee for more content.
