Among the top blockchain companies, Minds platform has recently released the Minds Crypto Social Network that would see customers monetize their content, make engagement rewards, send encoded messages and peer to peer advertising.
The company which is an open source blockchain based social network has more than 500,000 day-to-day views on its website. The development team announced on August 13, 2018, that it was swapping to Ethereum from Rinkeby test network. Minds aim to be the largest platform on the Ethereum blockchain and this newest live net launch may be the key to its goals.
According to Bill Ottman, CEO of Minds, many top blockchain companies let users pay for things in an encrypted space without being tracked. Minds claims that 1 million users around 80 percent will get airlifted tokens to their wallets on the platform.
He further added that earning from social media has been a common trend in the last few years as it increased acceptance worldwide. However, the industry is deeply operated using flashy algorithms. This will be solved by the hybrid-on chain, off-chain model, and highlights on organic reach and a chronological news feed.
The Minds platform offers users engagement rewards that can be redeemed as tokens for pay to view advertisements or other exclusive content. The social media token launch of its live net on Ethereum serves to increase adoption of blockchain technology. The technology, however, does not only focus on advertisements since posts will be promoted using these tokens. Finally, the system will be fully functional as the blockchain moves to a new home on Ethereum.
As per the news published on Coin desk, previously known as boost points, $MINDS are used to incentivize activity. Users who give on the network will receive a greater share of the Daily Reward Pool. Among the top blockchain companies, Minds is one that can buy developed profiles to attract more views to user’s content or to access limited content.
The post Top Blockchain Companies Like Minds Shifts To Live Ethereum appeared first on OWLT Market.
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