MITH (code: MITH), full name Mithril, is an ERC-20 token based on the Ethereum blockchain. It was originally designed to support a decentralized social media ecosystem, rewarding users for creating content and interacting on social networks through its core mechanism, "social mining."
Project Origin and Core Mechanism
The Mithril project was initiated by Jeffrey Huang, a well-known Taiwanese artist and serial entrepreneur, and is associated with the 17 Media team. Its core idea is to use blockchain technology to change the traditional social media monetization model, allowing content creators to directly profit from their contributions rather than relying entirely on platform ad revenue sharing.
"Social mining" is Mithril's signature mechanism. The system uses an algorithm to evaluate user activity on social media, such as the number of posts, views, and likes, and distributes MITH tokens as rewards accordingly. The project also promoted MITH as a payment method in some retail scenarios in Hong Kong and Taiwan and developed a wallet application called "Mithril Vault" to manage the tokens.
Key Historical Events and Current Status
MITH reached an all-time high of approximately $1.55 in 2018, but its price subsequently experienced a prolonged decline. A significant turning point occurred on December 15, 2022, when Binance, the world's largest cryptocurrency exchange, announced the delisting of MITH, causing its price to plummet by about 40% on that day. This delisting severely impacted the token's liquidity and market visibility.
As of October 13, 2026, the price of MITH is approximately $0.000337, with a market capitalization of about $337,000 and a circulating supply of 1 billion tokens. Its 24-hour trading volume is shown as zero or negligible in most data sources. Compared to its all-time high, the price has fallen by over 99.9%.
Market Status and Trading Channels
Currently, the MITH token no longer has an active trading market. Since its delisting from Binance in late 2022, the token's liquidity has severely dried up, lacking effective transactions. For investors, there are currently no reliable active trading channels.
Related Controversies
Project founder Jeffrey Huang and his associated projects have been questioned by blockchain investigator ZachXBT regarding issues such as fund flows, which Huang himself has denied. These controversies, along with the project's development stagnation, collectively shape MITH's current market image.
