Why You Shouldn’t Buy Your Creator Coin on DeSo (Decentralized Social)
And what you should do instead
There’s a lot of hype right now with DeSo (short for Decentralized Social), thanks to their cryptocurrency token launching on Coinbase.
So, I thought, I’d pull up DiamondApp to see what’s going on lately.
As I drank my coffee this morning and popped onto the app, I saw a lot of chatter in my home feed.
Of course, there’s a lot of excitement on the DeSo social network around the launch of their token hitting Coinbase Pro.
It’s a promising opportunity, and in less than 24 hours, the altcoins price has jumped from the $130 USD range to $180 USD.
But one comment caught my eye.
This one:
And, I would have to agree with his sentiments about buying up your own creator coin on DeSo (Decentralized Social)—whether it be through the DiamondApp, CloutFeed or BitClout apps.
On DeSo—there’s this perception—if a content creator sells their own coin, then they’re seen as less reliable as a long-term investment for…
