Mithril
Crypto Overview
Overview
Mithril (MITH) was launched in 2018 as a decentralized social media platform that aimed to reward content creators for their contributions through a mechanism called 'social mining.' The project intended to integrate with existing social networks to allow users to earn MITH tokens for creating and sharing content.
Purpose and Utility
The intended purpose was to serve as a reward token within a decentralized social media ecosystem where users would be compensated for their social media activities and content creation. The token was meant to be used for purchases within the platform's marketplace and for peer-to-peer transactions.
Current Status
As of 2024, the project appears to be largely inactive. The official website is no longer accessible, and there has been minimal development activity on the project's GitHub repositories. Social media channels associated with the project have been dormant for an extended period.
Business Model Analysis
The original business model was halal-compliant, focusing on rewarding content creation and social media engagement. There were no inherent elements of riba, gambling, or other prohibited activities in its intended use cases.
Token Distribution and Governance
The initial token distribution included allocations for the team, advisors, and community rewards. While specific current holdings data is limited due to project inactivity, there are no apparent signs of the project being designed as a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Mithril from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Mithril.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.