Trading in Mithril with MITH/ETC, MITH/BTC, and MITH/USD markets is underway at HitBTC.
MITH is now trading above $1 per coin in the USD market. MITH is an ERC20 token on the Ethereum network that introduces the concept of “social mining.” The addition to an established exchange like HitBTC indicates a volume increase is imminent.
Mithril Appeals to a Generation of Disgruntled Content Creators
If you don’t know about Mithril, it’s worth spending a few moments researching the project. It’s a neat idea that’s time is here. Content creators are under pressure everywhere online, and their margins are under pressure. Many of the most prominent creators, including YouTube celebrities like Phillip DeFranco have millions of fans and are upset with their current monetization options. Surely new networks like Mithril will attract a hardcore share of followers and creators.
What Separates MITH from the Crypto Crowd?
The currency that people have built up into their social connections will become easily translatable and transferable to cryptocurrency MITH. Users of MITH will be easily able to convert their MITH into BTC and ETH before a final conversion into their local currency. Receiving a stake in all content you create has an immediate appeal to many.
Social mining is an interesting approach to the social space, which represents the majority of online users. Cryptocurrency projects that can take market share away from the heavy hitters like Facebook, YouTube, and their ilk, will require a heavy-duty infrastructure and many happy adopters. One thing about content creators is that they love to get paid! Since MITH answers the question “what’s in it for me” with a resounding “money,” growth could be explosive if authority creators and thought leaders join.
For now, there’s trading on HitBTC as a starting point for experienced traders. The volumes are relatively low, but the announcement is recent. How MITH performs on a HitBTC is a relative indicator of the strength of the project and the interest among a specific subset of cryptocurrency investors and speculators.