p>Mithril is a fictional silvery metal described in the British fantasy novel "The Lord of the Rings" as being stronger than steel yet lighter than a feather, much like the community we have created. Mithril Cash is a new type of algorithmic stablecoin forged from this concept of mithril. The Mithril Cash protocol includes three tokens: Mithril Cash (MIC), Mithril Shares (MIS), and Mithril Bonds (MIB). Mithril Cash is a stablecoin pegged to the value of 1 US dollar; holders of Mithril Shares are the primary participants in the protocol, providing liquidity and guiding its operation. In return, Mithril Shareholders receive tokens during the initial token offering. Mithril Cash and Mithril Bonds work together to promote price circulation and guide MIC back up to 1 US dollar, ensuring that the price of MIC remains within the range of 0.99 to 1.01 US dollars over the long term, making it a viable stablecoin.
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