Vault App Has Been Released! What Can We Expect from Using the Vault App?

We have all been waiting for the Vault App to be released. It is finally out and now we can finally take it for a test run.

The Vault App is an Android and iOS application that lets users store a variety of cryptocurrencies, exchange between them, buy in-store items with a QR code, and stake MITH rewards / holdings to increase Mithril content mining rewards through the social media platforms such as PiePie and Yeemos.

The Vault App is useful for three main reasons:

The Vault App has a clean interface that is easy and intuitive to navigate, which makes it easy to check cryptocurrency balances or if you would like to exchange between currencies or deposit and withdraw. With the expanding list of cryptocurrencies, now 14 in total, it makes for a great place to store them. In addition, the Vault App has built-in security before logging in that ensures safety of your holdings.

Another reason why the Vault App is useful is how quick it is to use the QR code if you need to pay with a cryptocurrency for an in-store purchase.

Lastly, the Vault App is great for Mithril content miners who want to stake their MITH to increase their content mining rewards when using the social media platforms. A user can quickly check how much more MITH or days of staking needed to Level Up and increase rewards. They can also unstake their MITH to use it in some other way. If you use PiePie or Yeemos daily, the Vault App is a must!

There are a lot of exciting things happening with the Vault App and Mithril.

The ecosystem for spending MITH is constantly expanding and there will be many more places to quickly use your QR code for purchases such as places to get food, drinks, buy items at big box stores, etc.

Secondly, the Vault App will incorporate the feature that is already part of the online Vault, which allows users to send MITH between people. This is just another cool way to use your MITH rewards, especially if you want to send some to a friend for a drink, food, etc.

The Vault App is also expanding the amount of cryptocurrencies that are listed on the Vault App, with Tezos (XTZ) being the latest addition.

Update 07/21/2019: The Vault App now has interchangeability between MITH (ERC20) and MITH (BEP2)!

The last new and exciting development is that the Vault App will start to incorporate decentralized finance (DeFi) into the App. This will allow for many new and exciting ways to use your cryptocurrencies right inside the App!

A lot is happening with the Vault App and Mithril in the upcoming year! Stay Tuned!

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