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DESO Logo

DESO

Decentralized Social

6.4587

8.39%

Social & Communication
Decentralized Creator Economy
Arrington XRP Capital Portfolio
Polychain Capital Portfolio

Circ/Total Supply

10532253/10808492

97.4%

Volume/24h%

593062.503019

8.39%

#--

24h Turnover

0.87%

24h
8.39%
7d
52.63%
3mo
-5%
6mo
-67%
1y
-37%
All
- -
Basic Info
Chain
Algorithm
Consensus
Launch Date
2021-09-29
Token Distribution
Whitepaper
Social Media
Social Media
Explorer
Explorer
Cryptocurrencies
$68,005,274.83
MC %
<0.01%
FDV
68274045.49
Circulating Supply
10,532,253 DESO
Total Supply
10,808,492 DESO
Circ. Rate
97.4442%
Max Supply
10,808,492 DESO
Listed Date
2021-09-29
Listed DEX/CEX
9
Initial Price
$0.8
Project Info
check more

DeSo is a new type of social network that builds a custom blockchain from scratch that allows users to leverage its influence and content monetization mechanisms. Its architecture is similar to bitcoin, but with greater scale and throughput, it can better support the complex data of social media, such as posts, user profiles, followers, speculation and prediction functions. And like Bitcoin, DeSo is a completely open source project, with no company behind it, just tokens and code.

In addition to BitClout, there are more than 140 projects built or under construction on DeSo. Consider Pulse, which calls itself "Bloomberg for BitClout," and BitClout client Flick. That means DeSo isn't new, but rather has been with BitClout since March.

DeSo's vision is to expand decentralized social applications to 1 billion users, and this public chain is tailored for social applications, unlike those DeFi public chains. The latter needs to be equipped with unique storage and indexing requirements that can handle social media applications at scale.

The core value of BitClout is social tokenizing -- all social actions are recorded on the blockchain, and social value can be directly monetized with tokens. One of the core values of DeSo is that it supports millions of BitClout like social platforms.

Everyone who wants to use the DeSo blockchain or an application built on top of it must hold DeSo, which can be used to create a profile, create posts, buy social tokens, buy NFT, give away diamonds, and more.

Are the end-to-end encryption, all the love and attention, all social tokens, tip, all social activities, all NFT activities (including NFT bid), all $DESO transfer activity, links to all multimedia (such as video and image), called "link" new paradigm for all personal information authentication (forthcoming).

By lowering the barriers to entry for creating new social media products, almost anyone can build social media on DeSo that is comparable to the experience of existing social media.

DeSo was the first to launch social token, social NFT And social tipping, trying to change the rules of the game for creators to profit on the Internet.

If DeSo does have hundreds of BitClout like social platforms with real users, they'll be able to communicate with each other.

But BitClout already has its own public chain, so the appeal of DeSo's story is that it could be more ecological, but so far it doesn't appear that way -- perhaps requiring a new blockbuster social product. The social platform circuit has its own product logic and, once established, becomes an infrastructure until new disruptive social products emerge.

Project dynamic

October 7, 2021

DeSo announced the launch of the Octane Fund, a $50 million decentralized social ecology Fund, to support the development of a decentralized social media ecosystem. DeSo said the fund will be funded from $200 million in previous financing from A16Z, Coinbase Ventures and others.

September 22, 2021

Diamondhands has publicly revealed himself as BitClout founder Nader al-Naji, and the 29-year-old is once again on the crypto scene with VC Dayclub-endorsed DeSo. Nader al-Naji believes that decentralized socializing will in the future harness the ingenuity of the entire world, rather than acting as a centralized team. "We want users to own their data, and we want users to own the money they make from that data. With DeSo, we can make social network data available to anyone." Nader al-Naji said in an interview. Nader al-Naji, meanwhile, said in an interview that he had done so anonymously because he believed it would motivate the community to decentralize the ecosystem more quickly, and that the more people could not rely on centralized entities to dictate terms, the more they would be able to improve and build upon the ecosystem. So far, more than 100 developers have started building applications on the DeSo blockchain, confirming Nader al-Naji's vision. And now Nader al-Naji thinks it's time to step up and let people know about DeSo, about himself, and have a real public voice and channel to tell DeSo's story officially.

March 23, 2021

The social networking platform BitClout has revealed the names of those backers, including some of the biggest names in crypto funds, Sequoia Capital, Andreessen Horowitz (A16Z), Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, Arrington Capital, Polychain, Pantera, DCG (CoinDesk's parent company), Huobi, Variant, and more.

March 17, 2021

Social networking platform BitClout has launched. BitClout is a new kind of blockchain-based social media that, unlike regular social media, has accounts that issue their own community tokens (similar to Roll or Rally), according to an official white paper released by BitClout. One member of BitClout's team, who goes by the alias Diamondhands (actually BitClout founder Nader Al-Naji), confesses that what's innovative about BitClout is betting on creators as an asset class rather than content itself, That's the difference between BitClout and other encrypted social media. "If you have a creator you can speculate on, you can invest in the long term," says Diamondhands. "The content itself doesn't have that kind of long-term value." BitClout has created quite a stir with that clout. At launch, BitClout has automatically signed up 15,000 of Twitter's most influential users and claims they can claim their BitClout accounts with a tweet at any time. But BitClout has drawn criticism for putting twitter users' profiles on his platform without their permission, with some calling it a scam.

Decentralized Social Related Information
DeSo offers $1M bounty for building decentralized Reddit
DeSo offers $1M bounty for building decentralized Reddit
Cointelegraph
2023.07.06 17:40