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:
*Social media platform


==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===
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===How it works===
===How it works===
===Mining===
===Fees===
===Upgrades===
===Staking===
===Staking===
====Validator Stats====
====Validator Stats====
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===Interoperability===
===Interoperability===
===Other Details===
===Other Details===
==Privacy Method==
==Compliance==
==Oracle Method==
==Oracle Method==
==Their Other Projects==
==Their Other Projects==
==Governance==
===DAO===
===Admin Key===
===Treasury===
==Upgrades==
==Roadmap==
==Roadmap==


*Can be found [Insert link here].
*Can be found [Insert [[LINK|link]] here].
 
==Audits==
 
*[[bug bounty|Bug bounty]] program can be found [insert here].
 
===Bugs/Hacks===
==Usage==
==Usage==
===Projects that use or built on it===
===Projects that use or built on it===
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===Pros===
===Pros===
===Cons===
===Cons===
==Team, Funding, Partnerships, etc.==
==Team, Funding, Partners==
===Team===
===Team===


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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

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

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

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

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