Photo: Mithril /
Just recently it has been disclosed that Mithril will the first project that will migrate to the software system developed by which is known under the name Chain.
Migration to Binance Chain
It is expected that this move will enable MITH holders to enjoy all the benefits that Chain and the new DEX platform may offer. The list of advantages includes high speed, security, and user-friendliness. Moreover, holders will have an opportunity to execute full control over their own funds.
As Coinspeaker has the mainnet of Chain was launched on April 18, 2019. It is said that its native will be activated on the network on April 23 and after this day holders of the will be invited to migrate their holdings to the new network.
Though the exact date when the migration of MITH from ERC20 to BEP2 will take place hasn’t been announced, it is expected to happen in the nearest future.
Mithril will be the first project to migrate to Chain! holders on the new will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.
Learn more:— Mithril_Official (@MithioOfficial)
Mithril is known to be a decentralized social media platform that offers content creators rewards in its native crypto MITH. Mithril is working on building a comprehensive ecosystem the core of which will be its MITH that already now can be spent in various real-life applications.
According to the company’s post, since the very launch of Mithril, they have been attentively considering the progress of various platforms with a view to analyzing their achievements in enhancing scalability, security, and ease of use.
As today Mithril is actively expanding across different real-world sectors through Mithril Merchant Network partners including such spheres as media and entertainment, and beverage, retail clothing, and events management, the issues of speed, security, and user-friendliness are really vital for the success of the entire ecosystem.
And Chain has turned out to be just an appropriate choice as it is focused on usability, security, along with the incredible speed of one-second block times. That’s why Mithril names its migration to the Chain an important strategic initiative.
The company’s announcement :
“We are honored to join in growing the ecosystem and supporting the launch of the first DEX that will offer users the benefit of self-custodied funds and the wide liquidity pool of the community. We are grateful for the long-standing partnership with , and look forward to continued growth and success together.”
Mithril already now warns its holders that during the initial 12-hour migration period deposits and withdrawals of MITH on .com will be disabled. Nevertheless, won’t be suspended during this time.
As soon as the initial migration of ERC20-based MITH to BEP2 MITH is complete, holders will be allowed to withdraw MITH to BEP2 wallets, including the Ledger Nano S, and start performing their activities on DEX.
It’s also important to highlight that ERC20 versions of MITH that are stored in private ETH wallets or on other platforms will not be influenced by this process of migration.
MITH Performace
This has been revealed approximately 4 months after first listed MITH for on its main exchange and has a significant impact on the price.
This information has made MITH the biggest gainer of the day as it has managed to gain more than 65%. According to , it is currently at $0.078345 with a market cap of $40, 283, 801.
Published at Fri, 19 Apr 2019 09:07:49 +0000
