Mithril is excited to announce the release of the first phase of Mithril Vault beta on June 30th! Please note that we will be releasing various features of Mithril Vault via multiple stages.
Below is a list of features that we will be introducing in the next few updates:
Mithril Vault is an all-dimensional vault brought to you by Mithril team.
The façade of a small box symbolizes the safe box, a keeper for your digital assets. The lid is the seamless combination of the letter “M” from Mithril and “V” from vault — where it opens up to a multi-functional cryptocurrency vault.
The Mithril Vault comes with three major features:
Funds
Shift
Staking
Please see below for elaboration:
Funds
You can synchronize your MITH by connecting your Lit and Mithril Vault accounts.
After you’ve synchronized both accounts, the withdraw function will be conveniently available to you on the “Funds” page at Mithril Vault. This lets you withdraw MITH that you’ve acquired through social mining to any wallet that supports ERC-20 tokens.
Let’s say you have 100 MITH in your Lit account. After you’ve connected both Mithril Vault and Lit accounts, you will have 100 MITH in Mithril Vault. If you’ve decided to withdraw 100 MITH to your hot/cold wallet(s), both your Mithril Vault and Lit accounts will have 0 MITH.
Mithril Vault also supports both MITH and ETH deposits!
In addition, you can “stake” MITH on the “Funds” page at Mithril Vault — we will soon come back to that.
Shift
For your convenience, at Mithril Vault, we provide instant exchange between MITH and ETH!
The masterplan for other cryptocurrencies are still under development — Mithril Vault will soon match up to all your demands for cryptocurrency exchange!
Feel free to let us know down in the comments below the pair that you would like to see the most!
Staking
As mentioned, you can easily “Stake” as you deposit MITH into your Mithril Vault.
Through staking, a staking level is granted based on the amount of MITH put into Mithril vault.The higher you rank, the faster and easier you can acquire MITH through social mining! We currently have 3 staking levels, and a comprehensive level plan is currently under development!
In order for you to conveniently and efficiently manage your MITH, the amount you’ve staked will be kept for three days before it can be available for shifting and withdrawal. After three days, the MITH that you’ve staked will be automatically released to your “funds”, which brings your social mining pace back to normal.
You can always stake again according to your demand.
