Stablecoin talk, focusing on their pros and con, appears to have gained momentum even on a bear assault of the market. Amidst the debate, it is becoming increasingly clear that Stablecoin could soon become a preferred mode of payment in the Advertising sector.

Minds.com Crypto Advertising

Next generation social networking site, Minds.com, appears to have found a way to leverage the power of stablecoins in advertising. With its native cryptocurrency Mind Token, the social networking site is rewarding users with a single Whole token for every 1,000 guaranteed views in the site. Similarly, Minds.com sells and issues the tokens for any user activity in the platform.

Advertising budgets will always exist as companies and businesses look to gain an edge over their rivals. While advertising is still a primary tool for funding online content, funding of such activities appears to be undergoing a change.

Currently, there are more than 1 million users, most of whom are tech-savvy and crypto educated. The subset of the population represents a valuable market for advertising, while leveraging the power of stable cryptocurrencies.

According to Minds.com CEO, Bill Ottman, advertisers stand to squeeze a lot of impressions and sales online. This is in part because a single token spent on advertising is equivalent to 15 cents, which is relatively cheap.

Minds Token

The Minds.com advertising system works similarly to the likes of Facebook. Advertisers and users can create a piece of content and then reward people in tokens for boosting the content to a certain number of impressions. Likewise, the platform separates itself from others on the fact that it does not participate in any form of content censorship.

The Minds Token, on the other hand, is an ERC-20 time that runs on the Ethereum network. The token is unique in that it is pegged on the value of 1,000 views on the Minds Network. The value of the token should continue to increase as more user joins the network.

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