We have been working quite hard over the last month, and our first premium B2B Hive as a service product has been released (still free for limited time to those HIVE users willing to give it a try!)
Over the next few weeks we will be "soft launching" our MITHRIL token, and so before anyone asks, it is important that we layout what we are trying to do and how it works.
Read more to be informed.
The world has already changed, they just don't know it yet. We are just charging the battery. - Eco the Exploiter Wizard
MITHRIL = HIVE
To stake MITHRIL, users send HIVE to mithril.destiny with their UUID memo line, just like on an exchange. This can also be done seamlessly through TheCrazyGM Profile Page for users that are logged in.
MITHRIL has been reserved on Hive-Engine but none have been minted yet.
Every MITHRIL token in circulation is backed up by AT LEAST 1 HIVE Power. So you might say that MITHRIL is designed to be "as good as HIVE" in any one moment.
And we are the Bank.
Mithril can be swapped for Gold, in our virtual liquidity pool. Currently the swaps are only enabled in one direction.
Deposit functionality is built (limited to 1 Hive at a time right now) and withdraw functionality is being built for later.
Why do I want gold?
Gold can be used on any one of our current or future premium services, in-game purchases, or other in app purchases.
The only spendable currency on thecrazygm.com will be gold.
Why did you make this so complicated?
We can now easily and legally sell "gold" for paypal, and thus any B2B service for paypal, stripe, cashapp etc. This is all.
TL;DR:
MITHRIL is not, and will never be, a "moon token" but a "bank token" and you shouldn't buy it unless you "need it", or want it for some other reason, reasons which at this time only include a Private Encrypted HIVE-powered Mailbox.
So don't get freaked out, it's not even the most interesting thing I did this week, and though we put in a lot of time now, this is mostly a "for later" thing that I need to make an "official post" about.
As always, reach out to me anytime, request tools and features for HIVE, vote our HIVE witness and: