Decentralized Social (DESO)
1. Fundamental Analysis
1.1 Introduce
Today, social media is controlled by five centralized megacorporations, and DeSo wants to change that. DeSo is a new layer-1 blockchain like Bitcoin or Ethereum, only it s built from the ground up to decentralize social media applications.DeSo has raised over 200 million in funding from backers including Sequoia, a16z, Coinbase, and many others. Today, DeSo has over 2 million wallets, and it can be accessed via social DApps like Diamond (diamondapp.com), OpenProsper (openprosper.com), NFTz (nftz.com), Openfund (openfund.com), and hundreds of others.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | DESO | Market Cap | 113464467.9 |
| Name | Decentralized Social | White Paper | -- |
| Web Site | https://deso.com | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.deso.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 10808492.6854 | |
| Supply | 10808492.6854 | Release Date | 2021-09-29 |
| Available Supply | 10532300 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
Potential trend reversal; consolidation phase expected; increased volatility in price movement.
