Gemini Dollar GUSD to Mithril MITH Exchange

Crypto Pair Details: GUSD to MITH

Gemini Dollar GUSD

The Gemini dollar — the world’s first regulated stablecoin — combines the creditworthiness and price stability of the U.S. dollar with blockchain technology and the oversight of U.S. regulators. Get Gemini dollars 1-to-1 for U.S. dollars on Gemini. Gemini dollars can be used on the Ethereum network. ISSUER The Gemini dollar is issued by Gemini Trust Company, LLC, a New York trust company. BANK U.S. dollars that correspond to the Gemini dollars issued and in circulation are held at a U.S. bank and eligible for FDIC “pass-through” deposit insurance, subject to applicable limitations. EXAMINATION The U.S. dollar deposit balance is examined monthly by an independent registered public accounting firm to verify the 1:1 peg. All Independent Accountants’ Reports are published and available here. SECURITY AUDIT The Gemini dollar is a cryptographic token built on the Ethereum Network according to the ERC20 standard for tokens. The code of the Gemini dollar smart contracts has been audited by Trail of Bits, Inc., an information security research & development firm, whose report is publicly available here. Gemini was founded four years ago with a mission: build a bridge to the future of money. Gemini dollar aims to combine creditworthiness and price stability of the U.S. dollar with blockchain and the oversight of U.S. regulators, the New York State Department of Financial Service. Gemini dollar is a stable value coin that is: 1. issued by Gemini, a New York trust company 2. strictly pegged 1:1 to the U.S. dollar 3. built on Ethereum network according to ERC20 token standards Starting 10th September 2018, you will be able to convert U.S. dollars in your Gemini account into Gemini dollars and withdraw them to an Ethereum address. You will also be able to automatically convert GUSD back as USD into your Gemini account. GUSD is expected to be listed on Bibox soon.

Mithril MITH

Mithril is a decentralized ecosystem on the ethereum blockchain. It is a system that rewards users who engage in “social mining”. Mithril rewards users for the impact their content may have in viewers and the popularity it attracts, such as number of likes and views. In the blockchain network and cryptocurrency, Mithril is a very innovative idea that aims to change the way we think about social media entirely. This particular innovation will decentralize and reward social media content creators in a fair and open way.The process of building a social media platform from the scratch is a long, rigorous and exhausting one. Even though blockchain based social media platforms are not new innovations, they usually cannot interact with existing platforms. The Mithril integration protocol permits MITH mining on all social media networks. Therefore, Mithril can also leverage existing sites for their own purposes. In addition, it permits content influencers to make use of their pre-existing followers network to mine Mithril. This acts as a big plus to the Mithril ecosystem. It requires less stress and work than establishing followers on an entirely new platform. It also helps Mithril to have an edge and a bigger pool of users. This means that, content providers only need to start making use of the Mithril integration protocol in order to make more money. Instead of an ICO, Mithril held a private crowdsale where 400,000,000 MITH was distributed and 50,000,000 was retained by the Mithril team for development and marketing. Mithril MITH tokens are mined by participating on partner applications and this social mining is a gamechanger. Creating and sharing content earns Mithril MITH, which can then be spent with partner applications. Because mythril is a crafting ingredient in the Final Fantasy video game series, online searches for how to spend MITH have these pages mixed in, which will likely continue for several years until the platform gains enough big-name retail spending partners to rise up SEO rankings. MITH is currently available on Bithumb and OKEx, but more exchanges will likely list the token soon. Although exchanges are never the best place to store your cryptocurrencies due to security concerns, this is one possibility. Better would be to store them using an ERC-20 wallet that allows you to add custom tokens, such as MyEtherWallet, MyCrypto, or Coinfy. Although the Mithril platform and its flagship social network Lit are still in fairly early development, as an early mover, they are poised to be a leader in the decentralized social networking space. If Mithril gets its way, centralized social networking companies may soon have worthy competitors that offer users more control of their data while rewarding people for creating the content that is ultimately the life-blood of all social networks.

SOURCE: COINGECKO

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