What is Minds network?

Minds is an open source social networking service, headquartered in New York City. Elements of the global hacktivist collective Anonymous showed initial support for Minds, based on its foundation of transparency and privacy.

As owners Bill Ottman, John Ottman and Mark Harding describe it: “Minds is a community-owned social networking platform that rewards you for your activity online with revenue and more views on your content. We are built on a foundation of freedom, transparency, privacy and democratization."

It was founded in 2012 and launched in 2015 to the public and since then it has been gaining momentum that is now peaking as more people wake up to the fact that Facebook, Instagram, Twitter and co are all selling their data and compromising their privacy day after day.

Here are some stats to give you a perspective:

-2 million+ unique monthly visitors

-650 million+ views served

-3.8 million+ newsfeed impressions served/day

-67% revenue growth in 2016

-600,000+ registered users

-250,000+ mobile app installs

-Top 4,650 website in the US

With Minds you can also monetize your channel to activate an array of options to make a living online.

Paid Subscriptions

Set a monthly price for your fans to pay for your exclusive content and services.

Peer-to-Peer Boost

Receive offers from other channels to share their content in exchange for points or dollars.

Ad Revenue

Monetize your blog with ads.

Minds Wire

Receive tips from your audience for content they enjoy in points, dollars or Bitcoin.

How Users Can Go Viral Boosting On Minds

Minds users earn points for activity on the site, or they may also buy points to boost their posts to wider audiences.

1 point = 1 view | $1 = 1,000 points

Here is a post that explains how Minds protects your privacy:
https://www.minds.com/blog/view/823256224013205504

And to finish this overview, let me turn to a blog from the founders where they lay out their goals and purpose of this platform:

"Let's Build a Real Social Network

Over the last few years, Minds has emerged from the grassroots of alternative media and activism to become a top open source competitor to Facebook, Twitter and Google. How did this happen?

The first milestone was clearly understanding who we are. We are Minds. Our name resonates with the global community because it represents everyone. We are not the typical tech startup because we have an underlying philosophy of freedom.

The next step was delivering the core platform and software that could actually scale and be a viable competitor, functionally. This took years of effort and what I can only describe as pure madness in the laboratory. It was the most challenging time of my life and I imagine the same can be said for others on the team. Now, we have finally landed on a stack that can handle the masses, and we’ve proven it with repeated viral migration events and millions of people on the app. There’s still a long way to go, but we have something that people love now.

We do things differently from how status-quo networks operate. They want to dominate and data-mine you. We want to liberate. They keep their code secret, we share it with everyone. They spy on you, we engineer encryption everywhere. They restrict reach and speech with annoying algorithms, we amplify it with rewards. They offer limited tools to make money, our mission is to help everyone earn a living doing what they love.

Ultimately, we think the next major social network will actually be a decentralized network of networks, not “one ring to rule them all.” The free nature of our app means that anyone can build their own app based on Minds, and since we all share our code with each other, it creates a self-propelling movement. These apps can all optionally interconnect, thus creating an unstoppable, distributed force.

Minds.com and Minds.org are powerful destinations that people want to be a part of because they feel they are capable of reaching the top. The company is a literal manifestation of the people’s contributions to the network, and now we are taking this principle to the next level by opening up ownership to the world.

Social impact and revenue are both required for true success. So whether your interest as a potential investor and co-creator lies in the freedom realm or viral reach and revenue world, I hope you’ll join Minds. It’s already yours.

Let's do this,

Bill Ottman

Founder & CEO"

Thanks for reading my effort to summarize what Minds is about and if you liked this post, please share and upvote it ;)

Thank you!

OJ