(Feat) Rewards Idea by #MindsGaming

Creator Tokens

Create a backend trading network for network tokens.

Gist:

To build on top of the MINDS token economy with channel tokens.

How It Would Work:

Every channel would have a token that represents their channel for other users to support them. This will help content creators to realize their maximum potential and create a way for channels to crowdfund. It also creates a social platform where channel value is based off users that support your channel and nothing else. Tokens would be created on top of the Minds token to create your own future. Trade your token for other channel tokens, or MINDS.

Why it would work:

1.)You earn more by supporting smaller creators who become big.

2.) This encourages, creative spaces and social engagement with users to gain support.

3.) Your token value only grows if users actually support your channel and are actively using engaging with the token.

4.) As each channel would have their own token, and the value of that token would be based of the traction of others using the token on the network this would deflect a major part of gaming the token space.

5.) Minds wont need the information Minds users (like phone number) tell the user wants to put their token on the block-chain.

Channel Token Flow

1.) @channel creates tokens with account creation where token name = @tag .

2.) Each channel would have a “trader” page where users could buy or sell their token for Minds off-chain.

3.) Allow channels to lock posts and create tier memberships for their token where if you own x amount of tokens for that channel you will be able to view the post. Users should also still be able to create standard Minds memberships for Minds tokens.

4.) User would still gain rewards in Minds tokens and use them for for boosting

5.) In the long term allow users to pay Minds tokens to launch their created token to a block-chain.

Reference for backend trader and blockchain if needed : https://github.com/mintme-com