Mithril lite is now known as pie pie

Mithril Lit/ Pie Pie
I was scanning through my portfolio with bituniverse crypto currency wallet when I came across this MINE on my android device, saw it under the categories of social currency and as CryptoFanatic , who loves early adoption , even as others are, waiting for it to go mainstream before we got no reward for using social media like snap chat and Instagram who generates lots of traffic from our social life over MOBILE device using our social activities on social media networks. I found lit app easy to use as it got slake interface surfing and searching for friends and make new friends, while sharing views of our various environments, lifestyle and social cultural heritage with built in vaulted wallet with Otp Api routes a gate way for payment through fiat and OTC trade.

It is an interesting platform with nice graphic and friendly user interface which makes Lit app lively for users; it’s also very comfortable and easy to navigate. Mithril has built the futuristic idea of how social media should be on the blockchain and it's only a matter of time before big names like Facebook, Instagram and snapchat tap into the idea and technology .The concept of social mining is outstanding as it reward users for interacting with each other by reacting to contents created by other users.

HOW TO EFFECTIVELY MINE ON LIT.

Most users including me thinks social mining through LIT is only depending on VIEW, Hearts, and WATCH TIME received on our own stories. That’s how you earn right but, there are more factors that determine the posts’ payouts. This is also why posts with same amount of view and Hearts have different payout. It is more than just the [NUMBER of LIKES, VIEW and WATCH TIME. Image quality and staked level also plays an important role in the quantity of token mined, the best strategy is forget about the reward and just enjoy using the lit App as long as you are active the views and the hearts will keep rolling in. I create/post contents about my friends, event, family and environment and currently at level 1 staking, when am actively using lit app creating contents and interacting with other users I noticed the mining rate of mithril token icreases more than when I just create a content wit out engaging other users or actively using the app..

CONTENT CREATION

Early August, Mithril released an interesting in-depth article on How Social Mining Works, like most users a It took me time to analyze things myself by interact with other users via Mithril telegram support Here is some of my findings:

TIMING

Posting at various time intervals helps you reach out more viewers as a time zone difference tends to influence the number of views and hearts one get for creating a contest, my advice is to create 1 post every hours to maximize the number of viewer.

Engagement

Creating good contents is great but without actively communicating with other user your mining speed will not increase. The more you create a relationship with other users by engaging in conversation the more your reputation score and your rating increases, when you interact with other users your mining rate increases especially when you stake high.
For example I created a 3 story's without engaging other users I only got about 5 views and 4 Hearts after 4 hours then created an additional 2 posts and engaged with other users, for about 20 minute the views and Hearts increased gradually after engaging with other users by interacting with their stories spending time on interesting stories scanning through blur images, commenting and interacting with interesting stories while reporting offensive images of other users, I noticed, in other to mine more you need to be an active user and also stake some mithril token.
Lit allows users to heart whatever post they love, providing an incentive and reward for content creators. However, frequent and brainless likes will have a negative impact on social mining for both content creators and viewers.

Mithril vault

Earnings from lit app can be spent/ withdrawal using Mithril vault , Mithril Vault is an all-dimensional vault brought to you by Mithril team, a keeper for your digital assets safe and secure, Mithril vault is integrated with OTP SMS notification as it binds to the Phone number used in registration to the vault, this made mithril vault safe and secure as one needs to have access to the registered number in other to use or access funds in the vault. It also synchronizes your MITH token by connecting your Lit app 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 enables you withdraw MITH that you’ve acquired through social mining to any wallet that supports ERC-20 tokens..
Learn more no how to spend MITH using Mithril vault

You can also Trade your MITH token to Etherum using the SHIFT in the vault which trades your token Mithril token to Etherum cryptocurrency within the vault wallet which can then be transferred to your private wallet or an Exchange, like in Nigeria we have Luno for trading Etherum to Fait and airhawk-exchange also this makes lit a useful and need app in every device.
I recently transferred some lit from my vault to my private wallet (Imtoken) and sent it back to my it back to my lit vault for staking.

Staking in Mithril vault

With "Staking", you can lock your Mithril tokens in the Mithril Vault to increase your mining rate on lit app. The more mithril token you stake, the higher your staking level will be, and the token you mine for using Lit, lt accelerate your rate of social mining. Minimum stake is 100 Mith which which can be staked for 14 days at least before it can be unstaked because the minimum days of staking is 14 and there’s no maximum days for staking. My current stake is level 1 although no major difference from when I wasn't wasn't staking but earning level slightly increase about 0.5% from my observation.
Learn how to be a social mining model
Learn more on how to withdraw Mithril

Exchanges

Mithril is listed in over 11 major exchange and 2 telegram Base Exchange trading it to Fiat in Nigeria (naira) @airhawk-exchange and @quick-cycle although trade volume on the telegram will increase with time when more users and investor trade it. You can get the list of exchange on mithr medium page Here

Road Map

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Payments in Fiat are the next big thing we wish to see in Mithril Vault. While still building strategic partnerships, l also would want further developments in APIs to connect Mithril vault and Lit app with different payment networks and gateways to facilitate payments for goods and services, if “MITH Fiat gateway” comes live, it will dramatically advance the circulation of MITH tokens as more investors will easily acquire the token.
I will also like to see Advert Network which will serve as a network for users to promote their goods and services to the millions of users on the Mithril network through advertisements, by promoting their content network. The unique social regenerative model of Mithril allows content creators to invest in MITH tokens and also re invest the rewarded from social mining, back into the network through advert to reach a larger audience.

Keep staking, mining and Liting the moon is close.