Mithril Ore price is $13.04
The current price of Mithril Ore (MORE) is $ 13.04. Over the past 24 hours, its value has increased by +0.00%.
Mithril Ore (MORE) is a distinctive cryptocurrency described as the first ‘casper’ staking token on the Ethereum network. As its name suggests, the creators drew inspiration from the mythical metal "mithril" renowned for its beauty and value in the literary world. That narrative translates into the crypto ecosystem, where Mithril Ore aims to be a valuable, rare, and fair staking coin championing a worthy cause.
The team behind Mithril Ore prefers to maintain anonymity, so the information about the specific people behind this cryptocurrency is not available. Their reasoning aligns with the spirit of decentralized cryptocurrency ideology, where value drives the community, not the creators.
Mithril Ore, like many cryptocurrencies, works on blockchain technology based on the Ethereum network. It is notably first in applying “casper” staking to Ethereum. This means that users who hold MORE tokens can stake them on the network and earn rewards over time. Importantly, the "casper" staking method aims for energy-efficient, secure, and scalable blockchain operations.
Mithril Ore stands out due to its unique 'Casper' PoS (Proof-of-Stake) approach. While Ethereum plans to shift to PoS protocol, Mithril Ore is the first to implement this staking form directly in Ethereum network. This not only allows network participants to stake their MORE tokens and earn rewards without massive computational requirements but also paves the way for Ethereum's futurity. Furthermore, the team commits to using 10% of the Ether raised from token sales to various environmental and wildlife charities, showing their commitment to social responsibility.
The total supply of Mithril Ore tokens is 0.5M, with a circulating supply of 13.0K. This scarcity compared to many cryptocurrencies is in line with its 'precious metal' narrative and provides a level of rarity for holders.
Mithril Ore deploys the Ethereum Network's security protocols as it is an ERC20 token. Ethereum's security relies on a community of miners (soon to be stakers with the advent of Ethereum 2.0) who validate transactions and add them to the blockchain. The Mithril Ore staking model - the ‘casper’ method, promotes network security by incentivizing honest participation and discouraging dishonest actions by punishing stakers who validate fraudulent transactions.
Mithril Ore (MORE) can be purchased on the . It's important to note that investing in cryptocurrencies comes with risks and potential buyers should perform extensive research before making purchase decisions.
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