Decentralized Social Price Chart Update [DESO]

The DESO price update as of now is $21.35. In the previous 24 hours, its trading volume was $9,574,398, and its value has increased by 0.08%. As of now, DESO's live market cap is $189,699,460, and it is ranked as the #260 on the Coincu. DESO has a circulating supply of 10,808,492 and a maximum supply of 10,808,492.

What is Decentralized Social (DESO)?

Decentralized Social (DESO) is a Layer 1 Blockchain that is specifically designed for decentralized social applications. This platform has created a system where individuals can be held accountable for their data sources, eliminating the need for intermediaries. In the Decentralized Social model, users have full authority to determine the distribution and usage of content.

Decentralized Social is the first social network built on Blockchain technology and incorporates the IPFS integration platform, which is also known as the interplanetary file system. The integration with IPFS allows for a distributed file system that connects all computing devices to a unified file system. By connecting to IPFS, Decentralized Social becomes resilient against malicious and DDoS attacks. The decentralized nature of data storage on Decentralized Social allows all users to access and contribute to the social network.

Decentralized Social serves as a tool that enables users to discover, connect, and collaborate based on shared interests while maintaining privacy. It achieves this by giving users complete control over their social interactions.

How does Decentralized Social operate?

Decentralized Social operates on tokens on the Ethereum (ETH) Blockchain. DESO coin on Decentralized Social can be freely exchanged between users. Additionally, DESO coin is used as a payment fee for various microservices within the network, such as posting content, tagging other users, commenting, and liking posts.

DESO coin also acts as an incentive for user behavior. Users are rewarded with DESO coin for various actions, including voting, posting content, and receiving notifications. The more actions taken on the platform, the higher the coin fees due to inflation. To encourage user engagement and community growth, 25% of the coin fees are distributed to DESO coin holders through Smart Contracts.

Decentralized Social also incorporates the concept of Token Curated Registries (TCR), which incentivize the production of high-quality listings in a hierarchical manner. This allows for the efficient sorting of permitted list items by list members.

DESO coin holders on Decentralized Social have the ability to vote on list submissions, with each vote serving as a submission to the list itself. Adding or removing an item from the list requires a fee in DESO coin.

Key features of Decentralized Social

Decentralized Social Profiles

All user records are stored on the blockchain and controlled by their respective private keys. This feature allows for seamless transitioning of participants' identities between applications within the Decentralized Social ecosystem.

Social NFTs

Decentralized Social allows for the creation of Social NFTs that are linked to celebrity profiles. These NFTs can be displayed on buyer profiles, enhancing their value and provenance.

Social Tokens

Social tokens are associated with profiles on Decentralized Social, and most profiles on the platform have their own social token. These tokens can be earned through the sale of NFTs, and in the future, creators will be able to acquire social tokens by participating in activities on Decentralized Social.

Social Tipping

Decentralized Social integrates tipping features, allowing users to directly tip content on the platform. This goes beyond a simple "like" and enables users to give "diamonds" to posts, for example.

On Chain Posts

On Chain Posts are posts that are stored directly on the Decentralized Social chain. Both posts and replies are stored within the thread, allowing user-generated content to seamlessly move across various applications within the Decentralized Social ecosystem.

Roadmap

Updating.....