You probably heard about Decentralized Social Media but you may not hear about Decentralized Social Blockchain.
What Is DeSo
DeSo or decentralized social blockchain is a foundation to promote social media platforms decentralized and expend to decentralize every aspect of social media. The idea is that one platform to have all features and developers can build their applications from the blockchain.
Who Is the Founder
Nader Al-Naji was a software engineer in Google and he raised $133M funds to start an algorithmic stablecoin basis in 2017. In October 2021, the DeSo Foundation announced that a $50M developer fund to expand the DeSo blockchain.
When It Started
DeSo was started as Bitclout in June 2021. I was joined a month after. The platform was started as a very suspect way to exchange native crypto with only Bitcoin. It raised many suspicious from many other users. Also, there were celebrities’ accounts that were created as reserves for real users but many of them weren’t joined.
Check out my article: A Proposal To Move Bitcoin Mining PoW Away
Glowing Fast and Fast Because of Easy Use
One of the things I noticed about the platform is that it is very easy to use. Just simply clicks a few buttons, you can mint your NFTs or post to earn. There is no long process of approval like Roll, one of the social money platforms that requires a certain threshold to issue your own tokens. Once you registered with DeSo, you automatically can mint your own token with your own name. People then can buy and trade your tokens.
Everything Is In the Blockchain
You can easily see how users perform on the platform through blockchain. All data are available to the public.
The Case: xuanling11
I have minted 107 NFTs and sold 6. Compared to my other platform, it was considered a successful sell since I was an unknown author and Cheif of Nobody Officer on the internet.
I was not as active as many others. However, I did make some impact on the platform and consistently post my feeds.
There are many ways to earn but I found out that selling NFTs and earning tips from your post is the most effective way. Since I was not as very active, my earnings weren’t that great and it was fluctuate a lot. But before I go famous (just kidding), I bought back my own tokens which increase 4 times.
I was not expecting the $DeSo will be listed so fast but it will be listed tomorrow in Coinbase. I think the token will be worth more than it is now.
Investment of DeSo
I think DeSo has become a large part of investment now. Partially because it will be listed in the Coinbase tomorrow but also I think the platform has more potential to expand with many more developers to work together to build a better community.
I was lucky to ride the early train and I have no idea the DeSo will be listed in Coinbase so fast. Come to join this platform before it goes to the moon. Don’t miss the train. Join here with a $25 free giveaway.