Mithril, a social network that claims to reward all content creators for the work they perform, may have adopted the mainnet used by major cryptocrurrency exchange Binance. This was announced on a blog post dated April 18, in which Mithril provided details on the migration to Binance Chain.
The decentralized social media platform is purportedly the first one to adopt Binance Chain. Mithril uses its native token MITH to reward content creators. MITH is obtained by Mithril users through Mithtil mining. They can manage their assets on the platform VAULT, which is also part of Mithril. With the announced migration, MITH token has migrated from ERC-20 to BEP2.
The migration has brought some advantages to Binance users. Now, Binance users will be able to withdraw MITH to BEP2 wallets. This, of course, will be possible one the migration of ERC-20 to BEP2 is completed. Users holding ERC-20 versions of MITH in ethereum wallets need not worry, since the migration will not affect them.
It was just in April 18 that Binance launched Binance Chain. Its native token, Binance Coin, is expected to be swapped on April 23. Binance has stressed that April 23 will be the last day it will be possible to withdraw ERC-20 Binance Coin tokens.