Mithril (MITH): what changed since the original guide?
Mithril (MITH) was designed to reward social-media content and engagement through “social mining.” The original guide below covers its early apps and token uses. It is a historical snapshot, rather than confirmation that those services still operate.
Checked October 22, 2026: the old exchange list and Ethereum-only token description need important context:
- Token migration: Binance announced completion of MITH’s migration to Binance Chain on April 25, 2019. That happened after this guide was first published. Its conversion instructions were specific to that announcement; they are not a deposit or swap route to use today.
- Exchange access: Binance’s December 15, 2022 notice set the end of MITH trading for December 22, 2022 at 09:00 UTC. Bitfinex’s MITH help page also marks the asset delisted, with trading ending November 23, 2020. The exchange list below must not be treated as a current buying guide.
- Project access: when checked, mith.io displayed a missing-page message. This does not prove every Mithril service has closed, but it does not establish an active product either. We could not verify current operation of Lit/PiePie, Yeemos rewards, Vault staking or merchant acceptance from the sources checked.
Boxmining’s take
The interesting idea was paying users for the attention their content generated. The practical question now is whether a usable app, redeemable rewards and supported withdrawals exist. An old token listing or app link cannot answer that. Treat the old user counts, partnerships, roadmap promises and 14-day staking terms below as 2019 reporting, not renewed endorsements or verified current offers.
Frequently asked questions
What was Mithril social mining?
Social mining meant earning MITH for social content and engagement, rather than running proof-of-work mining hardware. Bitfinex’s historical project description describes rewards tied to likes, comments and shares, with MITH launching on Lit. That explains the model; it does not confirm rewards are available now.
Is MITH still an Ethereum token?
The original guide describes its ERC-20 origins. Binance subsequently confirmed a migration to Binance Chain in April 2019. Before moving any legacy balance, establish the exact token and network held, then obtain explicit support confirmation from the destination. Matching tickers alone are not enough. Our Binance Chain guide provides historical background on that network.
Can I buy Mithril on Binance or Bitfinex?
Both exchanges published MITH delisting information, as linked above. Their historical listings in this article are not evidence of present support. This refresh does not verify an alternative trading venue or current liquidity.
Can I still stake MITH in Mithril Vault?
We have not verified a working staking service or current terms. The 14-day lock and social-mining boost described below belong to the original guide. Do not infer a current yield, withdrawal guarantee or supported swap from them. Never enter a seed phrase or private key into a site claiming to restore access; see our private-key explainer.
Original March 2019 guide (historical)
Archive note: all present-tense product descriptions, app availability, adoption figures, partnerships and future plans in the following original text refer to the March 2019 coverage. Legacy resource links are retained for reference and have not been revalidated as active services.
Mithril aims to disrupt our perceptions on social media- to decentralize and reward social media content creators fairly and openly.
For a long time, content creators have not been earning for firing up their creative juices. Their followers have also been left dry after interacting with content. But this is now in the past since the launch of Mithril, a platform employing blockchain technology with content creators and their followers in mind.
The team behind Mithril comprises of top minds like Wilson Huang who is a former software engineer at Yahoo and Jeffry Huang, the former chairman of M17 Entertainment.
Since its launched in 2018, the decentralized social media platform has already made notable milestones. For example, it has secured a partnership with PiePie, a social platform where content creators can earn MITH tokens (more on this shortly).
Mithril does this through “social mining”. Unlike other social media platforms such as Facebook and Instagram, Mithril rewards users for their content according to the popularity it attracts.
What makes the Mithril ecosystem
The Mithril ecosystem is made of the MITH token, Lit, and the Mithril Vault which are intertwined to bring a comprehensive experience to content creators.
The MITH token (MITH) is the platform’s native token and which is used to reward publishers in a process called Social Mining (more on Social Mining later). The token is built using the ERC-20 standard on the Ethereum blockchain. It can be used to purchase goods and services on the Mithril Merchant Network, or it can be traded for other digital currencies. Apart from being used for payment and Social Mining, MITH can also be used for staking.
Lit, on the other hand, is an already developed social media app that is available to those using iOS or Android-powered mobile devices. Just as with other top social media apps like Facebook, Lit can be used for messaging and posting personal stories using the ‘stories’ feature.
The third core component of Mithril is the Mithril Vault, a secure virtual wallet for the MITH tokens.
Key Features Of Mithril
Social Mining
Though their mobile app- Piepie (available on iOS and Andriod), users can post 6 second videos and share it with over 154,000 (and growing!) other users globally who can follow, like or comment on them.
Users who post on Piepie will be rewarded with Mithril’s (MITH) tokens.
Mithril recently expanded their ecosystem by partnering with Yeemos (available on iOS and Andriod). Yeemos is an app where users can post photographs. Other users can then interact with the posts by doodling, posting stickers, emojis, reactions or comments on them.
Yeemos is expected to support the MITH reward system soon.
Users can link their Piepie (and eventually Yeemos) accounts to the Mithril Vault. The Mithril Vault has several functions:
Funds: Users can withdraw and/or deposit their MITH, Binance (BNB) and Ethereum (ETH) tokens. Support for more tokens is expected.
Staking: Users can “stake” some/all of their MITH for a minimum of 14 days. Staking increases the amount of MITH earned when using Piepie.
Shift: Users can “shift” their MITH to ETH and vice versa.
Exchanges
MITH tokens are currently traded on most major exchanges including Binance, Bitfinex, Bithumb, Lbank, OKEx and HitBT etc.
Uses for MITH Token
The MITH token can be used as follows:
Staking: As mentioned above, MITH can be staked in the Mithril Vault to increase the MITH earned from social mining on Piepie.
Shifting: Also as mentioned above, the MITH Vault allows users to shift their MITH into ETH.
Payments: MITH is accepted as a form of payment in the Mithril Merchant Network. For now this includes some Taiwanese cafes and merchants. Globally, MITH can be used to pay for other products/services relating to dating apps, paid content and other applications.
The Mithril roadmap
Mithril has been hard at work meeting its milestones, and in some cases ahead of schedule.
For Mithril, the milestones covered form the footing for a bright future ahead. While the future will be comfortable for Mithril network users, the developers have already rolled their sleeves up.
For instance, the team behind Mithril is yet to develop an ad network, conduct a vault merchant network onboarding, among other high profile developments.
Those already partnering with Mithril include, Qtum, M17 Entertainment, Swag, SOLA Foundation, bytepay, Simple Swap, Atomic, among others.
In short, Mithril has just left the runway.
Resources:
Website: https://mith.io/
Whitepaper: https://mith.io/whitepaper.pdf
Blog: https://medium.com/mithriltoken
Telegram: https://t.me/MithrilChat
Twitter: https://twitter.com/MithrilToken
Binance research report: https://info.binance.com/en/research/MITH-2018-11-15-46831.html
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