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DESO

No. 259
Decentralized Social
AMM
SocialFi
Coin
DESO Price Today
0
USD
-8.34%
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24H Value(USD)
0
Total Market Cap(USD)
0
Circulating Market Cap (USD)
0
Total Circulation
8.88M
82.19%
Total Supply
10.80M

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Coin Introduction

1. Project introduction

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.

DeSo has 5 features:

(1) On-Chain Profiles: Every user's profile is stored on-chain and is solely controlled by the user's private keys, making user's identity portable between all apps in the DeSo ecosystem.

(2) Social NFTs: NFTs minted on DeSo are associated with the artist's profile, and can be shown off on the buyer's profile, enhancing provenance while making them inherently social, and more valuable.

(3) Social Tokens: Every profile created on DeSo can have a social token attached to it. Social tokens on DeSo earn cashflows from NFT sales, and soon all forms of creator monetization.

(4) Social Tipping aka "Diamonds": Tips can be integrated directly with content, e.g. allowing users to give "diamonds" to posts rather than just "likes."

(5) On-Chain Posts: Every post and reply is stored and indexed directly on-chain, meaning that user's content is portable across all apps in the DeSo ecosystem.

2. Team introduction

Head of the DeSo Foundation: Nader Al-Naji

Linkedin: https://www.linkedin.com/in/nader-al-naji-86b14a3a/

Software Engineer: Sofonias Assefa

Linkedin: https://www.linkedin.com/in/sofonias/

3. Application and distribution

Total supply: 10,808,492

Token application:

DESO is mainly used to buy creator coins. Creator coins are a new type of asset class that is tied to the reputation of an individual, rather than to a company or commodity. Every profile on the DeSo gets its own coin that anybody can buy and sell.

Token distribution:

Initial Bonding Curve Distribution: ~8.5 million

Founders: 2 million

Mining: ~275,000

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