Social media tokens that reward all content creators.
Content creators in social media are rewarded for posting their photo/video stories on Lit - this is what we call Social Mining. When users post content on Lit, the Mithril algorithm calculates the amount of Mithril tokens that users mine, and updates their balance on the iOS/Android apps.
In order to disintermediate Facebook/Instagram/Twitter, etc., decentralization is the most viable path, as combating these existing platforms on revenue share is impossible. By applying blockchain technology and launching Mithril, social media applications and others that host content creators can all leverage Mithril to compete against these existing players, together.