Dear Mithril Community,

Today, Monday, December 30, 2019, we burned 1,700,000 MITH, reducing the total supply of MITH for our ecosystem and community. This burn occurred in addition to the previous Mithril Burning Man and Spook-tacular MITH Burn events. The both ERC20 and BEP2 transaction IDs from the burn are here:

Transaction record for MITH-ERC20 burn
Transaction record for MITH-BEP2 Unfreeze & Burn

As 2019 draws to a close, we want to take this opportunity to provide updates on Mithril. While the general crypto market is down, we are taking this opportunity to trim underperforming partnerships and focus on building meaningful offerings and partnerships.

From the ecosystem adoption standpoint, Mithril has the fastest growing use cases of cryptocurrencies in Japan, Korea, Taiwan, Singapore, Malaysia, Hong Kong, and Macau. MITH is accepted at more merchants and across a larger user base in these markets than Bitcoin or Ethereum. Partners such as M17 Entertainment, SWAG.live, Burton, and more bring in over 70-million users into the Mithril ecosystem.

In 2020, we will continue our social focus with our push into the world of dating. Not only is dating fundamentally a social activity, demographics of online dating platforms users also map well to the demographics of the Mithril community. We are in discussions with many dating partners to launch in the Mithril Merchant Network in 2020, and anticipate to announce the first partner in Q1 2020. As we build out the dating vertical, we are also working on gaming in parallel. We also anticipate the first gaming partner to launch in Q1 2020.

Happy holidays, and we wish you all the best in the New Year!

Mithril Team