Decentralized Social (DESO) price, chart, coin profile and news
Find the latest Decentralized Social (DESO) price, coin profile, news and history to get you started with Decentralized Social trading and investing.
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What is Decentralized Social?
DESO is the native cryptocurrency of the Decentralized Social blockchain. Launched in 2019, the Decentralized Social, or DeSo, blockchain was one of the first blockchains developed to support a new generation of Web 3.0 decentralised social media applications – social media applications that place power back into the hands of individuals. In particular, the blockchain aims to overcome some of the key issues regarding centralised social media platforms, including personal data storage, how that data is used for advertising purposes and security.
According to the project’s whitepaper, Decentralized Social’s blockchain treats media content as a public utility. Media can be accessed by anyone without any permission. As part of DeSo’s offering to social media developers, the blockchain DeSo brings together an open peer-to-peer financial network and an upgradable database infrastructure. Using this infrastructure, DeSo hopes that social media developers will harness the power of the blockchain to make the social media landscape a more open and transparent place. A number of applications have already been developed using the blockchain, including Diamond, Pulse and Polygram.
The platform runs via the use of the native cryptocurrency, DESO. DESO can be used to accrue “social tokens”, NFTs and tips from others users. It is also required for the creation of various social media profiles and to create social media posts within the ecosystem. For those interested in the ongoing development of the DeSo blockchain, DESO token holders can also participate in governance-related processes.
Decentralized Social (DESO) is the 230th largest cryptocurrency in the world by market cap, valued at $144,805,582. The current price of Decentralized Social is $19.317, which is -9.914% lower than yesterday. Prices have ranged between $21.4461 and $18.3159 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 25, 2022 03:05 UTC.
Decentralized Social (DESO) priceUse our graph to track the performance of (DESO) over time.
Decentralized Social at a glance
|Total DESO supply||10,808,493|
|All time high||AUD$394.9974|
|All time high date||June 19, 2021|
Decentralized Social price performance over time
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Disclaimer: Cryptocurrencies, including Decentralized Social, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DESO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Decentralized Social or any other cryptocurrency discussed.
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