MITH, the token for Mithril has partnered with SWAG.live, a mobile amateur adult social platform with over 1.5 million registered users and over 600 new models onboarding each month.
The company announced that they will accept MITH as payment for SWAG Diamonds starting Q2 2019, giving their users another way to provide payments apart from the four fiat currencies accepted today — US Dollars (USD), Pound Sterling (GBP), Euro (EUR), and New Taiwan Dollar (NT).
Mithril is founded by Jeffrey Huang, an A list Asian musician from Taiwan. They give tokens as rewards for great content, with Mithril aimed at the social media side. Users who get lots of likes and attention for their posts can now earn through what Mithil calls, social mining.
SWAG, according to their website, is a pay-to-view social messaging application service that allows users to create, publish and potentially earn money for their exclusive photos and videos.
This is not the first time the adult industry has got involved with crypto. According to research conducted by the porn studio VogoV, as of 2018 about 470 adult video sites, 50 webcam platforms, and 35 sex shops worldwide accept cryptocurrencies as a form of payment.
The move brings yet another usage for MITH tokens. The coin is currently listed on over thirty exchanges and the companies have many partners planned for their ever growing ecosystem in the future.