Mithril is a decentralized social media platform built on Ethereum. It introduces a concept called Social Mining, where content creators are rewarded with Mithril tokens for sharing their photo/video stories on the platform.

When users post content on Lit, the Mithril algorithm calculates the amount of Mithril tokens they mine, which is then updated in their balance on the iOS and Android apps. The platform also offers a tool called Vault, which includes functions like "Staking", "withdraw", and "shift".

Mithril aims to create a complete ecosystem where users can use MITH tokens for various purposes such as paying for dating apps, accessing premium content, live-streaming, and making purchases across the Mithril Merchant Network in Hong Kong and Taiwan.

By leveraging blockchain technology and decentralization, Mithril aims to disrupt traditional social media platforms like Facebook, Instagram, and Twitter. It provides a viable alternative for content creators and other social media applications to compete against the existing players.