What is Mithril (MITH)?
Mithril (MITH) is a cryptocurrency token based on the Ethereum blockchain, adhering to the ERC-20 standard. Its core idea is to revolutionize the value distribution model of social media through a unique "Social Mining" mechanism, rewarding users who contribute content and generate influence on social networks.
Mithril aims to allow all creators who add value to social networks to benefit from their efforts, not just a few top influencers. The MITH token is designed as a payment method within the Mithril application ecosystem, allowing users to manage, store, spend, and exchange MITH in the Mithril Vault application. The project was founded by Jeffrey Huang from Taiwan and has collaborated with blockchain-based social media platforms like Lit, striving to build a complete ecosystem centered around MITH.
How does Mithril coin "Social Mining" work?
The "mining" method for Mithril coin is not traditional proof-of-work mining (like Bitcoin's PoW), but rather through its unique "Social Mining" mechanism. Users earn MITH tokens by contributing content such as audio, video, live streams, images, and text on Mithril's partnered social media networks, based on the influence and popularity of their content (e.g., likes and views).
Social Mining automates the content monetization process, aiming to fairly reward content creators for the value they bring to the platform. The Mithril integration protocol is designed to enable seamless connection between social networks and the Mithril ecosystem, allowing MITH to be mined across all social media networks that support the protocol. Users can manage and use MITH obtained through social mining via the Mithril Vault application.
Tokenomics and Historical Performance
MITH has a total supply cap of 1 billion tokens. Its token distribution plan includes: 30% for two rounds of private sales, 35% for social mining, 20% for bounties, security, and community development, 5% held by the development team (vested over four years), 5% reserved for early supporters and advisors, and another 5% deposited into a reserve fund.
MITH was first listed in March 2018, with a market capitalization of approximately $50 million and a token price of about $0.16. In April 2018, its price briefly surpassed $1, reaching a market capitalization of approximately $422 million, with an all-time high of $1.55 (April 26, 2018).
Current Market Status and Trading Channels
As of September 10, 2026, Mithril (MITH) has seen a significant decrease in market activity. According to market data platforms, the price of MITH is approximately $0.00024, with a market capitalization of about $240,000. The circulating supply is approximately 1 billion MITH. Compared to its all-time high in 2018, the current price and market capitalization are extremely low, indicating a significant decline in market attention and liquidity for the project. Investors considering MITH must fully understand its current market conditions and potential risks.
Currently, the MITH token has no active trading market. The trading market for this token has almost dried up, lacking effective transactions. Before engaging in any cryptocurrency trading, investors should independently verify the latest prices and project information on market platforms such as Svmuu and fully assess the risks.
Founder and Project Vision
Mithril's founder is Jeffrey Huang, who hails from Taiwan. The project was developed in Taiwan by Jeffrey Huang and his 17 Media team, and it has received advisory support from renowned institutions such as the QTUM Foundation and Pantera Capital. Mithril's vision is to build a complete ecosystem centered around MITH, allowing people to acquire MITH through social mining and use it in various real-life scenarios. The project had plans to expand the MITH network into vertical sectors such as dating and gaming.
