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What is Decentralized Social (DESO)?

Decentralized Social basic info

Name:Decentralized Social
Ticker:
Introduction:

What is DeSo (DESO)?

Social media is undergoing a major transformation with the advent of DeSo, or the Decentralised Social Network (DESO), which is a custom-built layer-1 blockchain platform designed to power a new category of decentralized social applications for users worldwide. By creating an open utility, rather than a privately held monopoly, DESO is paving the way for a more democratic and accessible social media experience.

Who Are the Founders of DeSo?

Nader Al-Naji, a former software engineer at D.E. Shaw Group and Google, founded DeSo in January 2019. Prior to DeSo, he raised funds of over $133 million for Basis, an algorithmic stablecoin. The DeSo blockchain is backed by the non-profit DeSo Foundation, which aims to promote the decentralization of social media. Al-Naji is currently the chairman of the board of the DeSo Foundation, which has a $200 million treasury to support its mission. The foundation recently launched the Octane Fund, a developer fund worth $50 million.

How does DeSo (DESO) Work?

It has come to light that social media is controlled by a handful of private companies, leading to a centralized environment where user-generated content is monetized for the companies' gain. Unfortunately, the current ads-driven business model hinders external developers from creating new apps and features, and users have no choice but to continue using the apps controlled by these private companies. This limited access leads to these companies being the only ones who can curate competitive feeds, build new apps, and monetize content. Furthermore, existing blockchains are not equipped to store and index the vast amount of data generated by social applications. However, DeSo plans to solve these issues by decentralizing social media and creating a content distribution model. As an open-source platform, the entire content will be stored directly on-chain, allowing anyone in the world to show their curated feed by running a node on the public blockchain.

DeSo has a unique consensus mechanism that allows it to consume less energy than other platforms. It plans to further develop its proof-of-stake proposal to better support social applications.

What makes DeSo (DESO) Unique?

DeSo is not your average blockchain platform. It offers a range of social-oriented features that traditional platforms do not. These features include social tokens (creator coins), tipping, and NFTs, which allow creators to monetize their content and engage with their followers in unique ways. What sets DeSo apart is that it treats social data as a public utility, meaning creators are not limited to a few centralized apps. Instead, all content is stored on a decentralized ledger that is available to a growing network of independent third-party apps. DeSo's scalability is unparalleled thanks to its narrow set of social-oriented features implemented on bare metal using custom indexes. For example, 1 GB of on-chain storage on DeSo costs as little as 1 DeSo, which is significantly cheaper than any other smart contract infrastructures. DeSo also plans to switch to a Proof of Stake consensus by the end of 2022, which is expected to increase throughput to hundreds of thousands of transactions per second.

Conclusion

In today's world of advancing blockchain technology, Decentralized Social is positioned to transform digital communication and connectivity as we know it.

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Current price:
All-time high:$475
All-time low:$0.00

DESO supply and tokenomics

Circulating supply:8,884,536 DESO
Total supply:10,808,492 DESO
Max supply:10,808,492 DESO
Market cap:$28.48M
Fully diluted market cap:$34.65M

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What is the development prospect and future value of DESO?

The market value of DESO currently stands at $28.48M, and its market ranking is #683. The value of DESO is not widely recognized by the market. When the bull market comes, the market value of DESO may have great growth potential.

As a new type of currency with innovative technology and unique use cases, DESO has broad market potential and significant room for development. The distinctiveness and appeal of DESO may attract the interest of specific groups, thereby driving up its market value.

What will the price of DESO be in 2025?
Based on DESO's historical price performance prediction model, the price of DESO is projected to reach $10.92 in 2025.
What will the price of DESO be in 2030?
In 2030, the DESO price is expected to change by -18.00%. By the end of 2030, the DESO price is projected to reach $14.97, with a cumulative ROI of +275.47%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of DESO and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is DESO worth investing or holding? How to buy DESO from a crypto exchange?

If you want to buy DESO, the following information may be helpful for your investment decisions:
In the last 7 days, the price of DESO has fallen by -30.61%, leading to negative returns for most DESO investors. The market is currently pessimistic about the price trend of DESO.
It is important to note that the current price of DESO has retreated by -99.33% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether DESO is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in DESO or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of DESO, if you want to buy or sell DESO, you can consider Bitget for your trading needs. The best place to buy DESO is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Decentralized Social has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Decentralized Social. Here's a step-by-step guide on how to buy Decentralized Social on Bitget.

How to get Decentralized Social through other methods?

Using cash to buy Decentralized Social is not the only way to obtain Decentralized Social. If you have the time to spare, you can get Decentralized Social for free.
Learn how to earn Decentralized Social for free through the Learn2Earn promotion.
Earn free Decentralized Social by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Decentralized Social airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Decentralized Social through Bitget Convert, Bitget Swap, or spot trading.

What is Decentralized Social used for and how to use Decentralized Social?

The use case of Decentralized Social may expand as the crypto market and the project itself develop. Currently, you can use DESO to achieve the following goals:
Arbitrage by trading DESO: Since DESO is a frequently traded cryptocurrency, the price of DESO is always fluctuating. Earn more DESO by buying low and selling high on the exchange. Bitget spot market provides a variety of DESO trading pairs to fully meet your needs.
Earn by staking DESO: You can also generate income through financial management methods such as staking DESO or lending DESO. Bitget Earn offers a variety of financial products designed to help you earn more income from your DESO.
Send or pay DESO: If you want to give DESO to your friends, a charity, or a fundraiser, or you want to pay someone with DESO, you can quickly and easily send DESO to the recipient through their payment address.
You can also go to the official website of the Decentralized Social project to learn more about the use cases of DESO. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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