After almost four months on its Rinkeby test network, the startup will be moving to ethereum for its full live launch. The company claims to provide a censorship-resistant, accessible social network for users, especially those in potentially authoritarian nations.
The platform also claims roughly 1.25 million registered users, about 75% of whom have already earned test tokens. These users will be eligible to receive the platforms live token via a free airdrop distribution as a result.
The CEO Bill Ottman said that the team had engineered a hybrid on-chain, off-chain model to ensure that the system can handle the volume Minds is seeing and to provide a simple user experience for crypto newcomers. The on-chain and off-chain model will also help the platform handle large user volumes without congesting the ethereum network, according to the company.
Users can pay tokens to ensure a greater number of people see their posts, or earn tokens by interacting with content. Users can also use it to pay creators directly and subscribe to premium content.
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