Verified OGs:
9
CryptoFam:
260
Projects:
26551
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Decentralized Social DESO Logo
Decentralized Social DESO
$5.05 0.12%
OG Score 41.43
Reviews 2
Decentralized Social DESO Logo

Decentralized Social DESO Price

$5.05 0.12%
Low All Time High
$2.7 $198.68

Introduction

Decentralized Social More

OG Score 41.43
Reviews 2
Market Cap $53.14M
Market Cap Rank # 770

Token Stats

Fully Diluted Valuation $54.53M
24H Trading Volume $33,852
24H Low / High $4.77 / $ 5.06
Circulating Supply 10.53 M
Total Supply 10.81 M
Max Supply 10.81 M

Info

Categories SocialFi 4 more
Founder Nader Al-Naji
Website wallet.deso.com Whitepaper 1 more
Socials 3 more
Explorer Deso 1 more

DESO/USD Price Chart

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$DESO Community Sentiment

OG Evaluation

OG Score

OG Score Rank #623
Reviews 2
Gem Score 14.55

OGAudit Coin Evaluation Metrics

Innovation 48 .55
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 39 .35
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 41 .15
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 34 .70
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 42 .30
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 42 .55
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

Decentralized Social $deso User Reviews

What Crypto OGs are Saying About Decentralized Social

$deso Markets

Name Pair OG Score

About Decentralized Social $deso

What is Decentralized Social (DESO)?

DeSo: Empowering Decentralized Social Media with Blockchain Innovation

In the ever-evolving landscape of social media, a new player has emerged to challenge the dominance of big-tech companies.

DeSo's Vision and Foundation

DeSo, short for "Decentralized Social," is a layer-1 blockchain designed from the ground up to revolutionize social media by putting power back into the hands of users.

Founder's Vision and Non-Profit Support

Founded in January 2019 by Nader Al-Naji, a former software engineer at Google, DeSo seeks to create an internet that is creator-led, user-owned, and open to developers worldwide. The blockchain is supported by the non-profit DeSo Foundation, boasting a $200 million treasury dedicated to decentralizing social media.

Innovative Crypto-Native Monetization Tools

At its core, DeSo introduces groundbreaking features that go beyond traditional social platforms. The platform supports on-chain profiles, enabling users to control their identity across the entire DeSo ecosystem. This approach ensures censorship-resistant ownership of personal information, content, and social connections.

Empowering Creators with New Monetization Avenues

Creators on DeSo have the opportunity to monetize their passions in ways previously impossible. With innovative crypto-native tools like Social Tokens, Social DAOs, Social NFTs, and Social Tipping, creators can engage with their audience and earn a living doing what they love. The platform encourages a diverse range of money-enabled products, from social NFT experiences to influencer stock markets.

Decentralization as a Core Principle

One of DeSo's standout features is its commitment to decentralization. The blockchain treats social data as a public utility, allowing content to be stored on a decentralized ledger accessible to a growing network of third-party apps. This approach contrasts sharply with the centralized nature of existing social media platforms.

Purpose-Built Blockchain for Social Media Scalability

The DeSo blockchain is purpose-built, focusing on scalability for storage-heavy applications, a critical aspect for decentralized social media. Its highly-scalable storage capabilities, achieved at a fraction of the cost compared to other smart contract infrastructures, make it a unique player in the blockchain space.

Specialized Blockchain for Unparalleled Scalability

Notably, DeSo is not a general-purpose blockchain. Instead, it concentrates on a narrow set of social-oriented features implemented directly on bare metal. This specialization allows for unparalleled scalability, with the cost of on-chain storage as low as 1 DeSo per gigabyte.

Foundation's Investment and Developer Fund

In October 2021, the DeSo Foundation announced the Octane Fund, a $50 million developer fund to support the growth of the DeSo ecosystem. With over 1.5 million wallets and a growing library of hundreds of apps, DeSo has garnered support from major investors, including Sequoia, Andreessen Horowitz, Social Capital, PolyChain, and Pantera, raising over $200 million in backing.

Transition to Proof of Stake and Scaling Vision

As DeSo continues to shape the future of decentralized social media, its commitment to openness, transparency, and user empowerment positions it as a key player in the evolving crypto landscape. The blockchain is set to transition to a Proof of Stake consensus by the end of 2022, promising even higher throughput and efficiency, with the vision of scaling decentralized social applications to one billion users.

What is unique about Decentralized Social (DESO)?

DeSo stands out as a decentralized social media platform built on a purpose-built blockchain, offering unparalleled user empowerment. Its innovative features like Social Tokens, NFTs, and on-chain profiles enable creators to monetize content in a censorship-resistant environment.

Who are the founders of Decentralized Social (DESO)?

DeSo was founded in January 2019 by Nader Al-Naji, a former Google software engineer. Nader's vision is to create a decentralized internet that is creator-led, user-owned, and open to developers worldwide, with the project supported by the non-profit DeSo Foundation.

Who are the backers/investors of Decentralized Social (DESO)?

DeSo has garnered significant support, with major investors including Sequoia, Andreessen Horowitz, Social Capital, PolyChain, and Pantera. These backers have contributed over $200 million to the project, demonstrating strong confidence in its mission.

What is the consensus mechanism of Decentralized Social (DESO)?

DeSo is set to transition to a Proof of Stake consensus by the end of 2022. This shift is expected to enhance throughput and efficiency, enabling DeSo to scale decentralized social applications to one billion users while adhering to a strictly defined transaction schema.

Where can I buy Decentralized Social (DESO)?

You can buy Decentralized Social (DESO) on Gate.io, AscendEX (BitMax), CoinEx cryptocurrency exchanges.

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