Whitepaper

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Introduction

• Mithril​ is a decentralized social media platform on the Ethereum Blockchain

• Mithril will integrate into new and existing social media networks to reward content creators for contributions to the network - we call this Social Mining

• Mithril (MITH) will leverage blockchain technology to ensure that transactions are secure and safe for all participants

• MITH will launch as a utility token on Lit, an innovative social media platform that addresses the needs of this current generation of users

  • Features such as instant messaging, story feeds, and discovery of new friends are all built into Lit for launch

  • Lit will enable Social Mining of MITH to reward users for contributing their personal content to the network, and provide the Mithril Vault for its users to store, use, and exchange MITH for BTC and ETH

• With MITH tokens, users will be able to spend it across the MITH application ecosystem, such as dating services, premium content channels, and live-stream applications

• The Mithril Merchant Network aims to allow retail acceptance of MITH as a payment method, beginning with retailers in Taiwan and Hong Kong at launch

 

Mithril Ecosystem

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Mithril Solution Overview

• Mithril Token

  • Social Mining seeks to automate content monetization and will equitably reward all content contributors with MITH

  • Mithril ecosystem will quickly generate significant amounts of revenue for Mithril partners and their content producers, thus making the Mithril network more sticky for both content creators as well as Mithril Partners

  • Mithril partner platforms and users can leverage this tool to track, maintain, and manage their MITH across multiple networks

• Social Mining

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• Social Mining Example

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• Mithril Vault

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• Mithril Platform

  • Mithril features are intended to be leveraged across any major social media to give all users direct impact over their social content ownership, thus awarding them for their work on any relevant social network

  • Through this protocol, we intend to make integration of the MITH token, Social Mining, Mithril Vault, Mithril Merchant Network, and other Mithril features easy for major social networks

  • As Mithril evolves, we intend to keep close watch on leading Ethereum scalability solutions such as ​Plasma​, ​Raiden Network​, as well as platforms outside of Ethereum, such as ​EOS​ and ​Zilliqa

    • Finally, we intend to explore the option of launching our own Mithril blockchain to best address the needs of social network applications, swapping all ERC-20 MITH token holders onto our mainnet tokens

• Mithril Merchant Network

  • We are also working toward a broader merchant network across physical, brick-and-mortar retail acceptance of MITH

 

Lit: Launchpad for Decentralized Social Networks

• Lit Overview

  • Globally, 2.46 billion people use social tools and networks to establish connections and communities within the world around them

  • Lit offers a feature-rich and well designed Stories platform that directly integrates into the Mithril ecosystem

• Stories Overview

  • Stories is a time sensitive sharing feature that gives content producers a way to share small intimate glimpses of their life with their friends, family, and the general public

    • Stories can consist of individual photos, slideshows, videos, posts, etc

  • Users can choose to share their stories publicly or privately

  • This sharing model was first implemented by Snapchat and has since been a leading feature among top social media platforms

• Lit Camera / Video

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Roadmap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Team

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Jeffrey Huang – Founder

• 17 Media

  • Number 1 live-streaming app in developed Asia, over 5 million installs

• Popsinger

  • Over 187K facebook follows and likes

Wilson Huang – Crypto Researcher

• Software Engineer for Yahoo! – 1 year 1 month

Roy Lin – Product Manager

• Product Manager of VoiceTube – 6 months

  • Platform to learn English with over 2.5 million users around the world

Chiao-Yen Chang – Senior Android Developer

• Senior iOS Developer for VoiceTube – 1 year

Alex Huang – Senior iOS Developer

• iOS Developer for VoiceTube – 1 year 11 months

Yvonne Chen – Marketing Manager

• Digital Marketing Specialist for ASUS – 1 year 11 months

  • 206 billion dollar company

2 OTHER TEAM MEMBER

 

Paul Veradittakit – Advisor

• Partner at Pantera Capital – current

  • Over 700 million dollars invested

• Advisor to Origin Protocol – current

• Advisor to Orchid Labs – current

  • Sequoia Capital is invested

• Mentor to The House Fund – current

  • Over 400 million dollars invested

• Advisor to ICON – current

• Advisor to Enigma – current

• Mentor to Alchemist Accelerator – current

  • Mentored by Tim Draper

• Mentor to Boost VC – current

  • Early investor of coinbase

• Mentor to Golden Gate Ventures – 5 years 7 months

  • Early investors of Omise

Alex Liu – Advisor

• Director of Market for Qualcomm – 4 years

• Product Marketing Manager for Samsung – 1 year 1 month

• Intern for Siemens – less than a year

  • 99 billion dollar company

• Intern for Hitachi – less than a year

  • 9 trillion dollars in revenue

• Masters from Stanford

Jason Fang – Advisor

• Managing Partner for Sora Ventures – current

  • Advised by Creator of Qtum, and Cofounder of Ethereum

• Founder & CEO of Sora Foundation – current

  • Advised by Creator of Qtum, Cofounder of Ethereum, and Paul Veradittakit

• Mentor to Alchemist Accelerator – current

• Mentor to Startupbootcamp – current

  • Invested over 330 million dollars

• Associate at Fenbushi Capital – 1 year 3 months

  • Advised by Buterin

Stella Kung – Advisor

• Head of PR and Marketing at Qtum – current

Leo Cheng – Advisor

• Vice President and Strategy and Business Development for Solano Labs – 4 years 10 months

  • Bought by GE Digital

• Director of Product marketing and Tv Accessories, and Direcotr of Product Managemnt and sales in Gaming for GoerTek Inc. – 4 years 7 months

  • 37 billion dollar company

• Marketing Manager Intern and Industry strategy and Partnerships for American Express – 4 months

• Worldwide Product Planner and Business Analyst for Apple – 2 years 2 months

• Financial Analyst for Applied Materials – 1 years 11 months

  • 52 billion dollar company

 

Partners & Backers

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• Qtum Foundation

• Sora Foundation

• Blockstate

  • The blockchain experts that can help get you there. 24 twitter followers

• Inst.Recycle

  • 32K facebook followers

• WeStreamers

  • Some asia company

• Arsenic

  • 20K twitter followers

 

Articles

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https://medium.com/mithriltoken

 

https://globalcoinreport.com/reasons-why-crypto-traders-are-gravitating-towards-mithril-mith/

 

https://globalcoinreport.com/mithril-mith-monetizes-social-media-influence/

 

https://themerkle.com/what-is-mithril-cryptocurrency/

 

https://theusacommerce.com/mithril-mith-can-this-new-social-network-really-take-on-facebook/

 

https://globalhalo.com/2018/04/18/social-darwinism-why-mithril-is-the-next-evolution-of-social-networking/

 

https://www.reddit.com/r/CryptoCurrency/comments/8kda7q/to_steemit_or_to_mithril_it/

 

https://www.reddit.com/r/CryptoCurrency/comments/8f2p9r/mithril_is_taking_shots_at_facebook_decentralized/

 

Videos

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https://youtu.be/5bzCBDALuFs

 

https://www.youtube.com/watch?v=zzFyqB4myNA

 

https://www.youtube.com/watch?v=M3BFedOZRS8

 

https://www.youtube.com/watch?v=BHNh77yvhXU

 

CoinCheckUp

 

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Conclusion

I would give Mithril a A- rating. Mithril is a social media token. You get paid in MITH for the content you post, and then can take that MITH and purchase off of supporting retailers that MITH partners with. I think this is a very unique project it really focuses on the Instagram and Snapchat portion of social media which differs in a way from Steemit. They personally would rather partner with social media platforms then compete with them, so perhaps one day YouTube or Instagram uses MITH to pay the content makers. The team and advisors are full of very influential leaders. The founder created one of the biggest social media platforms in Taiwan with over 2 million users and was a well-known popstar. He clearly understands this space and has surrounded himself with a team that knowns what they are doing. My only concern is that the team is slightly small and that community members have not given Mithril a very good appraisal. A lot view this as a children’s platform while steemit is for adults. I however see the business potential of this project and feel as if it can compete in this social media industry. Getting a major partnership with a huge social media platform will make this an A+ project to me.