Minds (https://minds.com), the leading crypto social network with over one million users, today became the top New DApp on the Ethereum Mainnet following its launch just this morning, according to dappradar.com.
Minds’ token initiative began August 13 at 12PM UTC with the token sale and an airdrop of tokens to reward its Beta community for their contributions. Before launch of the token, the Minds Boost system had already been serving millions of ad impressions daily through thousands of off-chain and on-chain transactions occurring across the social network. This high level of user activity is now proving its power to invigorate the Ethereum Mainnet, having become the #1 New dApp within hours of its launch this morning.
Also, Read Cardstack completes $35 million token sale, to drive dapp adoption
Minds has become recognized globally as one of the leading viable alternatives to major social networks after gaining traction with Internet freedom movements in the US, Europe, Thailand and Vietnam in response to controversial practices of surveillance, censorship, demonetization and algorithm manipulation. Minds owes its success on the mainnet today to its million-plus users, influencers, and creators embracing decentralization, many of whom joined in June after Vietnam’s new cybersecurity laws allowing the government uninhibited access to user data on social networks like Facebook and Google, who are complying.
$MINDS token is available for purchase to serve as the fuel for services on the network including rewards, advertising, crowdfunding subscriptions, tipping and app hosting. The token is also extensible for developers to integrate with their own applications or networks. Tokens are airdropped to the community daily based on contributions to the network and will be available for purchase upon the launch. Contributions include receiving unique interaction on content, referring new users, checking-in to the app and more.
Minds’ token initiative began August 13 at 12PM UTC with the token sale and an airdrop of tokens to reward its Beta community for their contributions.
Minds, the crypto social network, is an open-source social network where you earn crypto for contributions. Tokens can be used to boost your posts, wire other channels or launch a network node. More information is available at: https://www.minds.com.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
Subscribe to get notified on latest posts.
