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Reasons Why Crypto Traders Are Gravitating Towards Mithril (MITH)

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Mithril

Mithril is one of the latest sensations in the cryptocurrency market. With new ICOs (Initial Coin Offering) being tokenized every day, the existing currency market is becoming fiercely competitive as all of the cryptocurrencies (as of now approximately 1,800) are vying for a secured place on Coinmarketcap with a formidable price and market capitalization. The fact that the cryptocurrency investors across the globe now have too many options to invest in, every digital currency has to come up with some sui generis features and benefits to sustain in this market. Since its tokenization by the end of March, Mithril has been showing great promise and potential so far with its innovative approach towards the Social Media.

Unlike other social media currencies, Mithril has been able to maintain a stable price range and market cap. The sole purpose of this coin is to provide its traders the opportunity to interact freely with others and also rewarding them handsomely whenever any of them shares some valuable content with the community.

Despite having just a few weeks under its belt, Mithril has been able to show a meteoric rise in market capitalization and consequently acquire a decent position on Coinmarketcap. With Bitcoin being incapacitated with a significant number of issues like volatility, slower transaction speed, and security, a significant percentage of traders are inclining towards relatively newer coins like Mithril. Here, a few aspects of this coin would be discussed below accentuating the reasons behind its recent popularity.

Mithril Internal Architecture in Brief:

Mithril predominantly follows the paradigm of Ethereum blockchain ecosystem. It is a decentralized network that focuses on social media. The objective of this coin is to revolutionize the entire paradigm of social media and the mode of interaction using this medium. Also, this coin endeavors to use blockchain technology to decentralize the mobile game advertising market along with creating a mobile game big data. The internal architecture of this digital currency consists of two components. They are:

  • Mithril Play: An Android-based mobile app for validating, rewarding, and measuring gameplay data. This ingenious mobile application comes with exclusive invitations, gameplay verification, and a personalization area.
  • Mithril Ad Console: It is a targeted advertising channel that enables game companies to register ad campaigns for inviting new gamers. The ad console consists of a wallet, campaign statistics, and “create campaign” facility.

Advantages of Using Mithril:

As a decentralized social media network, Mithril comes with several advantageous features which cannot be found in other cryptocurrencies. Some of these features include:

a. Mobile-Centric Platform: In case of other cryptocurrencies, accessing the token is a complex and time-consuming procedure where the trader has to go through a considerable number of stages. The Mithril Play mobile app introduced by this currency would enable more than 2 billion gamers all around the world to access this coin despite having any knowledge about the blockchain technology and cryptocurrency. By installing this app, the gamers would be able to access unlimited game data from anywhere in the world. The app also provides other advantages like the elimination of transaction and learning costs, expeditious transaction system, etc.

b. EOS Blockchain Support: Mithril uses the support from EOS blockchain to offer their users and gamers to have a faster transaction system without any transaction fee. The smart contract of EOS blockchain is tailor-made for solving issues with slower and expensive transaction system. This feature allows many gamers to pursue a successful gaming career through this blockchain platform.

c. Value Preservation for Gamers: Every game has a certain expiration date of providing gamer satisfaction. Sooner or later, every gamer memorizes the probable moves of a certain game and continuous winning makes that game tedious. Mithril endeavors to preserve the gamer satisfaction by rewarding them handsomely on every level of the game.

d. Flawless Audience Targeting: Mithril blockchain implements an infallible procedure for targeting the perfect audience suitable for certain games. They compare a lot of variables of the gamers willing to play starting from their age, gender, intelligence, individual taste etc. and select a suitable game for them depending on the factors like execution, duration, intricacy, and several others. Because of this feature, renowned game companies around the world are inclining towards this coin in order to secure a considerable amount of lucre.

e. Mithril Artificial Intelligence: The AI of this currency makes this blockchain interface user-friendly and convenient by managing a huge pool of data accurately and quickly.

f. Denominated Social Mining: The blockchain platform of Mithril named Lit comes with denominated social mining which is nothing but an algorithm designed to reward a person or gamer every time s/he creates a new content and shares it with the community. This feature is the pièce de résistance of all Mithril features and possibly the main reason behind its massive popularity.

Final Thoughts:

As of this moment (25th April 2018), Mithril holds the 65th position on Coinmarketcap with a price equivalent to 1 USD approximately and a market cap of circa 300 Million USD. It is a well-known fact that gaming industry and social media are the future of business and marketing. As Mithril focuses on these two fields and since its inception it has come a long way in the list of currencies, investing in Mithril might be a judicious decision this year and realizing this, the number of new Mithril investors is also escalating day by day.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of sera78 via Flickr

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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