what's Mithril?

Mithril is a blockchain-based social media ecosystem that incentivizes content creation and user engagement through its native utility token, MITH. The platform introduces "Social Mining," a proof-of-stake mechanism where users earn MITH tokens proportional to their staked amount and social activities such as posting, sharing, commenting, and interacting. This creates a decentralized alternative to traditional platforms by directly rewarding participants without centralized ad revenue models. Key components include the Mithril Vault, a cross-platform wallet for storing, staking, and exchanging MITH with assets like ETH, BTC, and stablecoins. Initially launched on Ethereum, it migrated to Binance Chain (BEP2) for enhanced scalability, speed, and low fees while maintaining user control over funds. The ecosystem supports applications like private gardens and creator tools, fostering community-driven content economies.

Mithril released its Alpha version on Solana.