Live Your Life ! Minds is an open-source social media and social networking service company that rewards users for their contributions. Founded by Bill Ottman and John Ottman in 2011, it is a distributed social networking service that rewards contributors with tokens on the Ethereum blockchain.
Minds Is the Anti-Facebook That Pays You for Your Time
Minds is tiny compared to Facebook—it only has around one million users, 110,000 or so of whom are active each month—but it’s a prominent example of what it looks like when a platform inverts the traditional ad-supported model. It doesn’t feel entirely different from Facebook, at least not at first. The site’s home page is a news feed, with tabs for browsing images, videos, blogs, and groups at the top of the page. If you don’t follow anyone, in particular, it quickly fills with the equivalent of ads, which Minds calls “Boosts.” (You can also banish all the boosted posts from your feed with a $5 Minds Plus monthly subscription.)
In a refreshing change from Facebook, Twitter, Instagram, and the rest of the major platforms, Minds has also retained a strictly reverse-chronological timeline. The core of the Minds experience, though, is that users receive “tokens” when others interact with their posts, or simply by spending time on the platform.
“Helping people make money online is such an important focus of ours,” says 32-year-old Minds founder Bill Ottman.
Another thing that Minds.com does well is when business owners become successful. Just as there are more businesses out there today than there were 10 years ago, there are more people out there today than there were five years ago. This is also true of the ability to link and garner more traffic to your business. This means that if you have a website and you have not made any money yet, you are still able to make money by advertising your business on Minds.com. Business owners can advertise their services to potential customers. This is a wonderful and effective way to attract more customers to your business.
Now, if there were only some disadvantages to dealing with Minds.com, then we would have a problem. But there are none. While there are a few disadvantages to being on Minds.com, it is beneficial to most business owners.
The platform already sees around 500,000 daily page views, CEO Bill Ottman told CoinDesk. The platform also claims roughly 1.25 million registered users, about 75% of whom have already earned test tokens. These users will be eligible to receive the platform’s live token via a free “airdrop” distribution as a result.
Users can pay tokens to ensure a greater number of people see their posts or earn tokens by interacting with content. Users can also use it to pay creators directly and subscribe to premium content.
What are minds tokens?
minds is a crypto social network where users earn token rewards for their contributions and take back their Internet freedom.
How much is a minds token worth?
At the start of the Minds Token Sale, 1 MINDS was worth around $0.24. Currently, 1 MINDS is worth around $0.14. This change in value provides an opportunity to make the market and create value for the MINDS token. Speculators can anticipate changes in prices and content creators can monetize their content.
