Decentralized Social

What is Decentralized Social?

DeSo represents a novel layer-1 blockchain meticulously constructed from its foundations with the purpose of decentralizing social media for billions of users. The underlying philosophy entails the empowerment of an online realm driven by creators, owned by users, and welcoming to countless developers worldwide, fostering collaborative growth.

In the contemporary landscape, a mere handful of major tech corporations wield ownership and authority over the entirety of the online information consumption. DeSo reinstates ownership to its rightful place – the hands of the users, not the platforms. In a realm impervious to censorship, individuals can assert control over their identity, profile, content, and social connections.

Creators are now granted the liberty to monetize their endeavors in unprecedented ways. Through pioneering crypto-centric monetization mechanisms such as Social Tokens, Social DAOs, Social NFTs, and Social Tipping, creators possess the means to translate their passions into sustainable livelihoods.

Developers are afforded the opportunity to operate within a realm characterized by frictionless interactions, unrestrictive access, and complete transparency. All elements are registered on the blockchain, ensuring maximum accessibility and compatibility.

DeSo's architecture is designed to accommodate storage-intensive or perpetually evolving applications, introducing a fresh domain of web3 applications beyond the confines of financial frameworks. The fruition of DeSo envisions, constructs, and enables the dawn of the succeeding era of web3-based social interaction.

Recent Video Interview

Main points of the interview:

• The delayed Metamask integration and its significance in enabling cross-chain social interactions.
• Flattening the Creator coin bonding curve to enhance accessibility and sustainability.
• Plans for Diesel Vaults to enable storing and indexing media on-chain, enhancing censorship resistance.
• Teases "Diesel Glass," a mysterious physical project in development, hinting at its potential impact.

Decentralized Social Team Background

In January 2019, Nader Al-Naji established DeSo. Having completed his education at Princeton University, Al-Naji's professional journey encompassed roles as a software engineer at the D. E. Shaw Group, followed by contributions at Google within the Google Search and Google Ads divisions. Prior to DeSo, he successfully secured over $133 million in funding for the inception of an algorithmic stablecoin project named Basis in 2017.

Driving the DeSo blockchain is the non-profit DeSo Foundation, which carries an expansive objective of championing the decentralization of social media. At present, Al-Naji serves as the chairman of the DeSo Foundation's board, fortified by a substantial treasury amounting to $200 million to bolster the pursuit of its mission.

Decentralized Social Project Development

DESO has recently been enlisted on prominent exchanges including Huobi, Gate, LBank, and P2B, resulting in a significant enhancement of volume and liquidity for the platform. Previously, the daily trading volume for DESO ranged between approximately $100k to $250k, but now it consistently surpasses $2 million each day. In terms of market depth, DESO's 2% depth previously stood at around $25k, a figure that has now surged to well over $200k.

These substantial liquidity advancements lay the groundwork for potential listings on even more renowned exchanges, while also paving the way for prominent players to enter the DESO ecosystem. Additionally, these improvements align DESO's liquidity fundamentals with those of well-established coins with considerably higher market capitalizations. Plans for numerous upcoming listings are also in progress.

Simultaneously, progress on the development of Revolution Proof of Stake is proceeding rapidly. This innovation is set to confer long-term hyper-deflationary attributes upon DeSo, owing to its fee mechanics that maximize coin burns. Moreover, the forthcoming implementation will enable all DESO holders to stake their tokens with validators, thereby earning yields. Initial estimates suggest an anticipated APY of 20%, with the final value expected to stabilize based on Revolution's pioneering dynamic block reward mechanism. This mechanism dynamically adjusts the yield in accordance with the total amount of tokens staked, optimizing the burn process.

Decentralized Social Price Analysis

As of November 24 2024 Decentralized Social has a marketcap of $73M. This is {{percentagefromath}} from its all time high of $198.68. In terms of its tokenomics, there's a total supply of 11M with 97% currently outstanding. Keep in mind Decentralized Social has a fully diluted value of $75M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude