Decentralized Social
Crypto Overview
Project Overview
Decentralized Social (DESO) is a blockchain platform designed specifically for social media applications, launched in 2021. The project aims to create a decentralized social media ecosystem where users own their data and content creators can be directly monetized.
Intended Utility
The primary purpose of DESO is to serve as the native currency for a decentralized social media network. It enables features like social tipping, creator coins, and social NFTs. The platform allows users to run their own social media nodes and maintain ownership of their social graph data.
Actual Utility Assessment
The platform has demonstrated real-world adoption through applications like Diamond, a decentralized Twitter alternative, and DeSo Blocks, a social NFT marketplace. On-chain data shows active usage for content monetization and social interactions. The developer community is actively building applications on the platform, with regular protocol updates and improvements.
Token Distribution and Governance
The initial token distribution allocated approximately 10% to the founding team with a multi-year vesting schedule. The majority of tokens were distributed through mining and public sales. The project maintains transparent development activities with regular updates on GitHub and community forums.
Revenue Model and Operations
The platform generates revenue through transaction fees and optional features, avoiding interest-based mechanisms. The business model focuses on content monetization and data ownership rather than speculative trading.
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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