Decentralized Social
Crypto Overview
Project Overview
Decentralized Social (DESO) is a layer-1 blockchain specifically designed to scale decentralized social media applications. The project aims to create an open-source, highly scalable blockchain platform that can support billions of users for social media applications.
Intended Utility
The primary purpose of DESO is to serve as the native token for the DeSo blockchain ecosystem, enabling decentralized social media applications. The token is used for transactions, creator coins, social tokens, and governance within the ecosystem. Users can create profiles, post content, engage with others, and monetize their following through various features built into the protocol.
Actual Utility & Adoption
The DeSo blockchain currently powers several social applications, including Diamond App (formerly BitClout), DeSo Blocks, and Node. The ecosystem has shown genuine adoption with over 1.5 million accounts created and significant on-chain activity. The platform demonstrates real utility through its social features, creator coins, and NFT marketplace.
Token Distribution & Governance
The initial token distribution included allocations to early contributors, the DeSo Foundation, and strategic partners. The project maintains transparency regarding token allocations and has implemented vesting schedules for early participants. The foundation actively supports ecosystem development through grants and technical support.
Development Activity
The project maintains active development with regular updates to the protocol and ecosystem applications. The GitHub repository shows consistent commits and improvements to the core protocol. The development team regularly publishes technical updates and roadmap progress.
Revenue Model & Operations
The platform generates revenue through transaction fees and platform features, avoiding interest-based mechanisms. The business model focuses on facilitating social interactions and creator monetization through direct user-to-user transactions, which aligns with Islamic principles.
Crypto Impact
To assign a comfort level investing in Decentralized Social from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Decentralized Social.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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