Decentralized Social Self Reported Market Capitalization Achieves $148.76 Million (DESO)

Decentralized Social (DESO) traded down 0.9% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on February 6th. Decentralized Social has a market cap of $148.76 million and $470,665.55 worth of Decentralized Social was traded on exchanges in the last day. One Decentralized Social coin can now be bought for approximately $14.12 or 0.00014372 BTC on popular cryptocurrency exchanges. During the last week, Decentralized Social has traded 36.4% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• GMX (GMX) traded down 0.4% against the dollar and now trades at $17.12 or 0.00017421 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 0.2% against the dollar and now trades at $98,183.42 or 0.99900937 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.1% higher against the dollar and now trades at $97,765.48 or 0.99475686 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Decentralized Social Profile

Decentralized Social was first traded on March 1st, 2021. Decentralized Social’s total supply is 10,808,492 coins and its circulating supply is 10,532,253 coins. The Reddit community for Decentralized Social is https://reddit.com/r/deso and the currency’s Github account can be viewed here. The official message board for Decentralized Social is diamondapp.com/u/deso?. The official website for Decentralized Social is deso.com. Decentralized Social’s official Twitter account is @desoprotocol.

According to CryptoCompare, “Decentralized Social (DESO) is a blockchain-based platform intended for the creation and operation of decentralised social media applications. It addresses issues linked with centralised platforms, such as data privacy, content censorship, and monetisation. Users retain control over their data, enhancing privacy and reducing exploitation risks. Content creators can monetise their work through mechanisms like NFTs, tips, and subscriptions, bypassing intermediaries. By decentralising content storage and distribution, DESO seeks to lessen censorship and support free expression. Additionally, DESO is designed to manage high volumes of transactions and data, making it appropriate for high-traffic social applications. Nader Al-Naji founded DESO, which combines the open financial system features of cryptocurrencies with a scalable database infrastructure​.”

Buying and Selling Decentralized Social

It is usually not currently possible to buy alternative cryptocurrencies such as Decentralized Social directly using US dollars. Investors seeking to trade Decentralized Social should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decentralized Social using one of the exchanges listed above.

DESO/USD price chart by TradingView