Overview: Mithril (MITH) the Decentralized Social Media Platform. Should You Invest?

by birtanpublished on September 26, 2020

Hello difficult goons and welcome to this overview of the metal project with a token myth now it's a social media platform and today is 31st of July 2018 as always thank you very much for watching this video and I hope it will be useful indeed we will begin with the

Basic information about the project who they are and what they're trying to do and all they're trying to do is to revolutionize these social media by introducing a new concept called social mining now they say it's a new concept

It's really not it's kind of similar to steam it basically is a concept where the social media contributors are awarded in the myth tokens now their worlds will be directly linked how much influence and success they have on the

Networks of the more network value they bring to the platform the more referral they were basically earned so pretty simple in that regard basically you get paid by posting now it's already operational so that's pretty unique in

The existing app called lit now I think the best way to compare this up is to compare it to Instagram I will talk more about it in a second basically up allows the users to already earn the tokens by posting and let's talk more about this

App because it this app is really the key to the metro project so my friend is already used as a utility token on the lit up there lit up allows the users to mine the tokens other words when they create popular hosts so the other aim of

The lit up is to provide a vault it's also a wall that's basically our users can store use an exchange of tokens for Bitcoin and it's cerium as well the app offers stuff like stories so kind of similar to snapchat and Instagram

Stories as well camera usage is incorporated certain basic attack photos directly in the app they do have story feed like Instagram chat this discover feature and profiles as well basically it's a pretty much a copy of Instagram

To some degree currently the app is available in the App Store and Google store as well but it's really not that popular if you look how many downloads that you have but they are planning to incorporate the

Cryptocurrency into the other social networks in the future of the can now the key is obviously to do it of the biggest ones like Instagram for example but I wouldn't be surprised

In the Instagram introduced their own cryptocurrency in the future though so I don't think Medford has any chance of being incorporated into any of the big ones at least in my opinion to be honest now the tokens maril isn't Assyria me

Returning token so it is running on a serial network our users can earn myth by posting and they can spend them in different apps and for services that accept them as a payment now this is gonna be more in the future for now

Really that's not the case in the future they do prime they're applying for a broader adoption so again this is like we're looking at something long-term so probably difficult to really say if it's gonna happen or not at this point

To help of the adoption the Metro integration protocol is designed for the integrations between social networks in the mercial ecosystem so that's what I mentioned in the like a few minutes ago where they're planning to be and

Introducing the Emerald token and other social media networks as well for this protocol they intend to make the integration of the myth token social money me for vault merciful merchant network so basically where you can spend

The Metro tokens and other metal features easy for other major social networks it's a very very optimistic plan because I do think it's gonna be quite difficult for them to be able to incorporate this idea into the biggest

Social networks out there again just my personal opinion my personal view availability and the price of the token so the token is listed on the most significant exchanges or the main ones being bit stumped

Whether it's almost half of the volume obviously it's a Korean exchange so not really relevant to people in the West there's oke X which is kind of Chinese but it also allows people from the Western countries as well so if you

Don't purchase the tokens oke X is probably the best way because they do have the most volume it's also listed on the likes of bit Forex L Bank Gate IO BitFenix and hit with AC but much lower volume

Dos Tedder is the most popular pairing mostly because of oke X but it's also obviously paired with BT reom cheo reom Bitcoin a cerium cute him also US dollar so we can use US dollar and also Korean Won we shouldn't be some exchange that

Were interesting cryptocurrency be cerium something to think about the current price as a 31st of July is around 62 cents which may have been ranked on the 15th place in there was a market capitalization which is around

222 million at the time of this video now in terms of the tokens in a circulation currently only around 53 percent is and it so there still will be a lot of tokens introduced with those kind of extensions they need to pay the

People for the posting on social media now it isn't the price this is the price graph so the myth actually had they have been doing quite well since they exchanged this thing unlike quite a lot of cryptocurrencies

That tend to dump after the exchange this thing myth actually has been increasing quite nicely especially when you compare it to Bitcoin the recent price dump is visible here it's mostly due to the potential balanced vote

Manipulation because they're leading it at the time of this video but they're having some controversy so there might be disqualified which is why all of people had done being tokens right now the all-time high was on 12th of May and

Was one dollar 47 cents so the current price is around three times less than that so some of the other aspects about this project so the fun there was a chairman of the 17 media who develop a popular number one live streaming up in

The developed age' this is a very big deal and i think this is the main reason for this project it's already valued at so much money the 70 media team is behind me for project and they do have over 200 employees on anything it's a

Very big company so the actual project is supported by a very big company with already existing app so this is a pretty big deal I think a lot of people investing don't really know that but I think that's also the main reason why

It's already valued at so much money they're also very closely connect with cute 'm so I wouldn't be surprised if it was even closer in the future maybe they kind of tried to switch to cute him there's something with them

Currently it's just an investment in a partnership the lip tap is not that popular as I said before currently they have only ten thousand plus downloads on Google App Store which is not a lot and I believe it's even less on iOS I do

Think they will struggle against the likes of Instagram and snapchat Judy how popular those apps already are however because they do have that the one that loves teaming up and developed Asia I think that he cannot work with it I'm

Not very sure how they could do it but it's something to remember as well now they're currently winning the Biden's listing boat but there are some controversy surrounding vote manipulation so I do believe they might

Be disqualified as a result which is why a lot of people are dumping the tokens at the time of this video okay so my verdict there are a lot of similar projects like saving solar props scenario and many many more the main

Difference between me and those is how far my fur is in the development and they do already have a working up that actually uses the myth tokens now I do believe the evaluation of all of these is much lower something to remember as

Well now if we compare it to anything I think steam it is the best comparison there are slightly different but they also allow the users to basically monetize the posts the market cup of steam it is slightly higher but steam it

They have been around for a very long time and we know they are working and we know you know it just works in that case I do think personally my fur is a very promising project with a huge potential they do have a very good team it's

Really impressive development is very active and they're also very active on social media and they already have a working product there's one problem with this though I believe it's devaluation there's a problem I feel it's currently

Too high I don't think it deserves the market cup as it has right now and I think the marker cup currently is mostly based on the speculation especially if you consider how popular the late app is which is not very popular at all because

Of that out probably wait with purchasing those tokens I'm not sure how far it's gonna go none of the price decrees I think the current violence vote manipulation controversy is gonna call it the token dump even lower but I

Think long term with the price will probably decrease even more at least until they have some major development updates development milestones achieved I still think it's a very good project and if the price decreases by a lot

Something that people could look in the future but the kind of valuation in my opinion is too high just my opinion though not a financial advice as always thank you very much for watching this video and I do hope it was useful if you

Want more videos like these make sure you subscribe and just I do always appreciate you just checking out my videos and taking time of the day I will try to upload a bit more even though I don't really do it that much anymore

But that was it thank you very much for watching this video and I hope you have a lovely day and I love you Cheers and bye

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