Minds is an open source and decentralized social networking platform where users are rewarded with Minds tokens for contributions to the community. Their goal is to build a new model for content creators to take back their Internet freedom, revenue and social reach. The Minds token is a social networking utility built upon the Ethereum ERC-20 standard. Minds chose to issue its tokens on the Ethereum network because it is the leading open source, general purpose blockchain optimized for smart contracts. It includes sophisticated web tools to develop a user-friendly experience and has established broad credibility through market experience with mobile payments, distributed exchanges, cryptocurrencies and enterprise blockchain solutions
