MINDS – an open source and decentralized social networking platform

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We are an open source and decentralized social networking platform where users
are rewarded with Minds tokens for contributions to the community. Our goal is to
building a new model for content creators to reclaim their internet freedom,
turnover and social reach.

There is a crisis going on in the world of social networking. Surveillance, manipulation of algorithms and
censorship is infecting the internet at unprecedented levels. Millions of users for the first time in history
are abandoning traditional, centralized social apps in favor of freedom-based alternatives.
In addition to this mass migration, blockchain technology and other decentralized solutions are rapidly emerging
entering the mainstream. The convergence of crypto and social applications is both inevitable and essential
the continued healthy evolution of social media and the internet itself.
The purpose of this article is to provide an overview of Minds, a leader in this massive internet migration
and free software movement, and to introduce the Minds token, an ERC-20 utility token that will be
issued on the Ethereum blockchain.
In the Minds contribution economy, users and developers are rewarded for a variety of contributions
to the network, including generating high-quality content, setting up and verifying accounts, referring new ones
users, maintaining an active channel, finding bugs, successfully submitting code and more. Tokenized
rewards are the key incentive to help foster a richer and more rewarding user experience, and the
long-term growth and sustainability of the network.
Minds tokens are immediately usable upon receipt on the first day. They are required to use the
application via immediate integration into Boost, a transparent and blockchain-based advertising network,
and Wire, Minds' peer-to-peer payment system. Both Boost and Wire will use smart contracts
to enable the autonomous exchange of digital media and services for crypto tokens, creating a radical
shift in the way social networking ecosystems and marketplaces function in the 21st century.