Mithril Vault - The All-dimensional Vault for Mithril (STEEM Competitor)
Mithril Vault
The All-dimensional Vault for Mithril (STEEM Competitor)
Screenshots
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Hunter's comment
Mithril is a crypto project that use social mining. In many ways it resemles STEEM and their flagship app "Lit" is sort of an Instagram on blockchain and they are based on Ethereum. Due to focusing on short term high volume low quality content and being based on Ethereum makes me think that the project won't be any real threat to STEEM. But I need to give respect where it is due.
Features
- Sync with your Mithril account
- Effortlessly shift Mithril tokens to other cryptocurrencies
- Works as sort of a multi-currency wallet
- Staking rewards
There is bit of touch of Bitshares when it comes to what they are attempting to create. Almost nobody is using STEEM to directly buy and sell stuff outside of our own eco-system. Since Mithril is technologically inferior, they are going to more adoption and features where people can spend their "social mined" coins in real life for various things.
Link
Contributors
Hunter: @vimukthi
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Very good post @vimukthi
Pros and Cons
Pros:
-Now I can transfer my mith out to sell from my LIT app
-Competitor to steem will make steem improve faster
Cons:
-Mith is too dominant by whales
Just realize this app exists. I've been using Lit for more than 2/3 months, but all the mithril are not able to be taken out. However Mithril are still a young project which are based on ERC20 token, which is a bit hard to compete with Steem actually.
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