Mithril (MITH)

A decentralized social media platform aimed at directly rewarding content creators with its native token MITH.

Basics

Based in:
Started in / Announced on: late 2017
Testnet release:
Mainnet release:

History

From an expose by ZachXBT (16-6-2022):

"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

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