DeSo Blockchain — Why I think the price will keep going up
DeSo was created by Nader Al-Naji in early 2019. It has been slowly building since then and more people are starting to realize how much potential this platform has and how much it has to offer. There is a lot going on in the background when it comes to DeSo. Not only is it a social platform but it is so much more than that. DeSo has created a Blockchain for creators to make social platforms that can not be taken down.
Not only is DeSo making it a social platform that bypasses all other social platform’s rules and regulations but it is working on making its own stablecoin. This is one of the reasons DeSo’s price went from $6 to over $20 in the past 2 weeks. DeSo plans on giving people “DesoDollars” who bridge their Ethereum-based stablecoins into DeSo’s ecosystem. They also plan on giving other chains that use USDC the same treatment. This sounds like a great way to get money flowing into DeSo and give people an incentive to transfer their stablecoins from other platforms. I have a feeling we are just seeing the beginning of what DeSo is capable of.
What is DeSo?
DeSo is the only Blockchain built to power storage-heavy applications, like social applications. Storing 200 characters on any smart contract Blockchain is $0.25+ including Avalanche, Solana, and Polygon but practically free on DeSo. This is why DeSo is the only Blockchain that can be used for social media and be worth it in the long term.
Right now social media is controlled by a handful of apps that make money by processing and selling your information. DeSo is the gateway that is helping us move from the centralized world to thousands of different social apps with their own feeds. This might seem complicated or a little confusing but I believe this will be the change the world needs. This will help bring innovation and competition back to social media.
DeSo can not be explained in a short article so I suggest checking out the videos above and the other videos on DeSo’s Youtube page.
Why is DeSo important?
DeSo is changing the way the world uses social platforms. Instead of just a couple of main social platforms, there are going to be thousands and anyone is going to be able to create one. This will allow completion back into the social media world. Instead of these huge companies like Facebook, TikTok, Instagram, and so on controlling what we see, people are going to be able to find what platforms interest them and support that platforms through interacting and creating content.
DeSo has a main social platform right now. This platform is called Diamond. Diamond is easy to use and allows you to start earning DeSo just by interacting and posting. Check out the video I created above if you would like a walk-through of Diamond. One of the things I think is amazing about Diamond is every person who creates an account has something called a creator coin. This coin is a Crypto that is made just for you. This is your personal coin. The more you are liked and the more people who invest in your coin the higher the price of your coin gets. I think this is amazing and helps money flow back to the people instead of just these big corporations.
Another great thing about DeSo and Diamond is you can be tipped Diamonds on your posts. So if people enjoy your posts then you will be tipped real money by people. If people really enjoy your posts and your content then they will invest in your coin which makes your account worth more.
You can also turn any one of your posts into an NFT with practically no gas fees. I will be discussing this closer to the end of this article.
DeSo Will Change The Way We Use Social Midea
DeSo’s price going up is not only because of its stablecoin release but also because it is easy to use, create content, and earn DeSo doing it and people are starting to realize this. Also, DeSo’s Blockchain was created specifically with social media in mind. The cost of storing 200 characters (less than a tweet) of on-chain state costs only $0.000017! This is amazing and makes it so that using this app, creating content, and sending and receiving DeSo costs less than any other project out there. To give you an idea of the prices for other Blockchain projects check out the picture below.
Now I know a lot of people know what this project is about but there are still a lot of people that have no idea what this Blockchain project can do. I am still learning because it is always evolving and sometimes it can be hard to keep up with Blockchain projects because of how fast they grow. DeSo already has tons of apps using its Blockchain technology and I am sure more are on the way.
Platforms that use DeSo
I am going to share the top apps I use that are on the DeSo Blockchain and why I think they are going to be the reason why DeSo’s price is not even close to its potential.
Diamond — Diamond is the main social app on the DeSo Blockchain. It is easy to use and if you have ideas or thoughts just share them here.
Zirkels — Zirkels is next-generation ad-free blogging that pays you real money every day thanks to the power of the Deso blockchain.
NFTz — The best place to create and sell your NFTz on the DeSo Blockchain
BitClout — BitClout is kind of like Diamond but different in layout.
MOUSAI — Music on the DeSo Blockchain.
Open Prosper — Check out anything happening on the DeSo blockchain. This program allows you to search for anyone in the DeSo ecosystem and find out information about that account. This is all about creating an account that is worth the information you share. So I am sure if you going to buy someone’s creator coin then you are going to want to do a little research on if it is worth it or not.
DeSo is one of a kind. If you can not see why this project is huge then you need glasses. This is the Blockchain that is going to change the way we use social media. DeSo has only been around for three years so it is still a work in progress. Once more people and corporations realize the potential of this Blockchain big things will start happening. I only just learned about DeSo a couple of months ago. After I educated myself on DeSo I kept asking myself how I have never heard of this Blockchain project before.
There are other social Blockchain platforms such as Torum, Uhive, Noise, and Cent. I am sure there are more but I am going to talk about the big names. They all are great Blockchain projects but do not even come close to what DeSo is creating.
I am in no way trying to sell you on DeSo. I am trying to show you what this project is capable of and what I believe will be what will change the way we use and post on Social media. DeSo is what is going to give the money back to the people. On other social platforms, you post for free on sites like Facebook, Instagram, TikTok (Unless you have a huge following and make money from your posts), Twitter, and so on, and you end up posting content for free. Imagine if you got paid for every one of your posts instead. Imagine if you had a large following. Imagine if just a small percentage of that following sent you a Diamond ($0.01). You could make a couple of dollars off of every post at the least. Even if you have a small following you still will make a couple of cents on each post. This is better than not making anything at all. It will just keep growing over time depending on the quality of your content and how many people think it is worth a Diamond. I know it is hard to get a following and have people like your content but never give up and just keep trying. As time goes on your content will get better and more people will start to see your potential. This goes for writing articles, making videos, creating NFTs, and anything involving creating content. No one is perfect and everything takes time, learning, and practice. Never give up Never surrender. Lol, that is from an awesome movie called Galaxy Quest. If you haven’t seen it I suggest checking it out.
I am surprised a lot more people are not using the DeSo Blockchain. I think some people do not understand Crypto enough to get into it at all. I am hoping to educate both old heads and newcomers to Crypto. If anyone ever has any questions about any of the projects I share please leave a comment and I will do my best to help you out.
One more thing I want to go over is creating NFTs on the DeSo Blockchain. How easy it is, How cheap it is, and some of the websites you can use to try to create your own pieces of art.
After you have created an account you can visit NFTz. When you get to the page just sign in using your DeSo account. Once you have done this just go to mint and from here you can adjust how many you want, the title, and how much you want to sell it for. I have started selling mine at a small amount because I am not really worth anything right now and I am not known. What I do know is I am just going to be sharing and selling the NFTs I create on DeSo. I walk you through the process of creating an NFT in the video I have provided above.
If you do not know how to create art online or do not know of any good AI art-creating websites then I suggest checking out DALL-E. You get 50 credits for free so you can make over 50 creations right off of the bat and after that, you get a certain amount free every month. If you want more you can buy more though. I suggest watching a video on how to use the text to art AI. There are ways to get better pictures the more you elaborate on what you write for your picture. I have also gone over this website in the video I shared above.
I believe DeSo holds the keys to the future of Social Media. DeSo is going to help create a more rewarding Social Media experience for everyone. This will take the power of big corporations such as FaceBook, Instagram, TikTok, and so on from being rewarded for your data and posts. Now you will be able to earn from your thoughts and creations. DeSo is the next step in evolution when it comes to social media. I suggest everyone check out the DeSo Blockchain and see what it is all about. The only way you will see how powerful it is is by trying it yourself. If you decide to check it out let me know in the comments. Leave your username so I can follow you as well.
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Original article on read.cash