Minds.com - social networking virtual money, competitors with Facebook have nothing special?

Minds.com is a social network founded by Bill Ottman in 2011 with the goal of replacing other social networks that are controlled or reduced by user access to information. Not only promoting privacy, Minds.com also operates with its own electronic currency and is supported by Anonymous, the world-famous hacker group.

But until 2015, Forbes, Business Insider, VentureBeat and some other media companies reported on Minds.com as a tool to combat algorithms that reduce access on Facebook, Google or other services. then it is well known. In particular, after the scandal of disclosing user information of Facebook, this social network is also more interested by users.

Since Minds.com in beta, the Anonymous group has called for building this social network. Minds are considered by some international communication channels as new challenges or competitors of Facebook, the largest social network today.

How does minds work?

Similar to other social networks, users must also create accounts, passwords, and email declarations to join Minds. Users also have a personal page called a channel consisting of a avatar, a cover image (a banner) and a shared article in text, image or link. To receive newsfeed information, Minds users will subscribe (not follow up), not make friends with each other like Facebook.

What makes Minds different is that it combines social networking and cryptocurrency. Minds developed a new digital currency called Minds Token, using the ERC20 standard - technology of Ethereum, the world's second largest cryptocurrency.

Users can earn Minds Token through posting, get a vote up (like "like" on Facebook) . and introduce others to join the network (referral link). With this "money", users can use to promote their posts, which is like paying for advertising on Facebook.

Minds.com's team is published on the Whitepaper.

How is the data secured?

Minds are built on near-complete transparency with open source, encrypted chat services, and an anonymous option for users and especially decentralized data to help users. Can delete their data at any time.

According to Techcrunch, Minds social network has more than one million registered members and more than 105,000 monthly users as of 4/2018.

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