Mithril Ore is a limited in quantity tokenized digital asset with a utilization case based on the anticipated Ethereum proof of stake known as ‘Casper’.
With its value backed by Ether, there will only ever be 500,000 Mithril Ore tokens in circulation.
As an Ether-backed token, its utility as an advanced mining/staking token is novel in that it is a limited quantity token providing future mining/staking capabilities with the Ethereum Casper Upgrade and Proof of Stake. With Mithril Ore token, there are no promises of what may come, the product and utility already exist.
The advanced mining/staking utility of Mithril Ore will allow the token to mine/stake Ethereum just by holding it over the passage of time due in part to the process of collective staking. The reward for staking will be Ethereum (tentatively 5% per year) based on the current information regarding Casper.
Mithril
