What is DESO

1. Project Introduction
Decentralized Social is a decentralized blockchain designed to support social networks and store-intensive applications. The project aims to create a new type of social platform, allowing users to post content and introducing "creator tokens," enabling content creators to monetize their work. DeSo also seeks to build a custom Layer 1 blockchain designed specifically for social media. Users' profiles and identities are stored on-chain and controlled by their private keys, which can be seamlessly transferred across applications in the DeSo ecosystem.
Summary: DeSo is a Layer 1 blockchain customized for decentralized social applications, offering features like on-chain data storage, creator tokens, and low-cost transactions. The DeSo ecosystem currently has over 100 apps, 4.84 million wallets, and 1.23 billion total transactions.
2. Team & Investment Info
Nader AI-Naji: Founder, previously launched Basis, a stablecoin project, and worked at Google as a software engineer.
Salil Shah: COO, formerly Senior Director at Meta and responsible for business development at Pinterest and Google.
Funding: September 2021 DeSo raised $200 million by selling DESO tokens, with investors including a16z, Sequoia Capital, Social Capital, and others.
3. Social Media URLs
X: https://x.com/desoprotocol
Discord: https://discord.com/invite/HFxzBkW5BJ
Youtube: https://www.youtube.com/@desoblockchain
4. Token Info
Token Symbol: DESO
Total Supply: 10,808,492
Token Type: DESO
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://explorer.deso.com/
Token Distribution:
Public Sale: 79%
Team: 18.5%
Mining (PoW): 2.5%
5. Related Links
Official Website: https://www.deso.com/
White Paper: https://docs.deso.org/about-deso-chain/readme
Other Info: https://www.rootdata.com/Projects/detail/DESO?k=MTAwOA%3D%3D