Blockchain Social Network Minds Is Migrating to Ethereum
Blockchain-based social network Minds is migrating its platform to the ethereum network, the startup announced Monday. After roughly four and a half months on its Rinkeby test network, the startup will be moving to ethereum for its full live launch. The firm claims to provide a censorship-resistant, accessible social network for users, especially those in potentially authoritarian nations, according to a press release. 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 percent 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. “We expect an overall increase in transactions, both on-chain and off-chain, due to the activation of token withdrawals, purchases and rewards,” he said. Ottman continued to say that the team had engineered a “hybrid on-chain/off-chain model”
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