Minds OffChain vs OnChain Tokens & Boosting

By Scott Cunningham | Tech And Things | 15 Jul 2019

Minds has OffChain and OnChain tokens. In this video, I explain the differences as well as cover their new boost system.

Simply put, the main difference between OnChain and OffChain tokens is their use of and integration with the blockchain. Because of this, it costs Ethereum gas fees to use OnChain tokens on the network. The flip side of this is you can sell them and hold them off the platform for more security and liquidity.


The new changes to the Minds boosting system are listed below:
- Boost up 10k views per boost
- Stored on the blockchain
- Stands out in the feed
- Gains an "OnChain" badge
- Small Ethereum gas fee
- Boost up to 5k views per boost
- Stored on the Minds servers
- No transaction fees

Let me know if this helped you in the comments below. Also, feel free to leave any questions about Minds or things you'd like to see covered!

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Scott Cunningham
Scott Cunningham

Host of Crypto & Things. Sharing my vision of the emerging #Web3 landscape & how we can successfully navigate the digital transformation with #AI & #blockchain. Links: http://www.scottcbusiness.com/

Tech And Things
Tech And Things

I am the host of Tech & Things and a social media blockchain enthusiast using what I believe to be the next level of social communication. Join me as I share my vision of the emerging Web 3.0 landscape and how we can successfully navigate the digital transformation of AI & blockchain technologies. Links: http://www.scottcbusiness.com/

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