Dear Mithril community,
It has been another busy month at the Mithril office! After an intense period of development for the ecosystem, we are back to give you a brief update on what has been going on these past few weeks:
Launch of the VAULT App
VAULT laid down its first milestone when the team added the three essential features: Funds, Shift, and Staking. A lot has changed since then, but our core mission has always remained the same: Make VAULT the go-to multi-cryptocurrency wallet and mobile transaction platform.
Becoming more accessible under a year of constant development- VAULT App now supports a total of 14 different cryptocurrencies, enables face ID and Touch ID to simplify the login process, not to mention the slick interface and other payment features can facilitate managing and spending cryptocurrencies at partner locations and applications.
Mithril x Binance DEX
To celebrate the launch of the VAULT App, Binance and the Mithril team committed a total of 14,500,000 MITH to a trading airdrop on Binance Chain/DEX. More than 50K address participated over 10 days.
An “ERC20 to BEP2 Token Swap” was scheduled after celebration day 1 on June 11th. 111,400,000 MITH (ERC20) were relocated to Binance chain. This process involved burning ERC20 MITH and unfreezing BEP2 in the same amount, the total supply of MITH did not change. All current MITH holders on VAULT and Binance are not affected.
This token swap can be found here.
It’s an on-going celebration! We held the first-ever AMA (ask me anything) on Binance DEX Telegram channel. Here’s what we talked about:
Since the second half of 2018, Mithril has spent more time on building out the Mithril merchant network, where merchants accept the use of MITH as a form of payment. Users in Taiwan (soon in Korea) can purchase tickets, gifting points, clothes, food, and beverages with MITH, about 100 partners will be on board by the end of 2019.
Mithril team is dedicated to building products and services that will be used by the mass market, bridging the crypto world with the real world. Mithril is also the most useful crypto in Taiwan.
VAULT was originally built to support MITH. Moreover, VAULT is heading to the DeFi side, details will be further announced.
Mithril’s plans for the next 5 years are to be the most useful crypto, keep kicking a$$ and taking names!
Mithril x Raven Protocol
Friends who hotpot together work well together! We showed our support by joining the “Hot pot challenge” held by Raven Protocol, a decentralized and distributed AI training platform that focuses on speed, joined the Binance Chain family soon after Mithril.
Stay tuned to our Twitter account and Telegram channel for news and update!
Happy BUIDLing ❤