Decentralized Social 

DESO Price

What is Decentralized Social (layer-1 blockchain)?

Decentralized Social (DESO) is a layer-1 blockchain purpose-built to decentralize social media and scale storage-heavy applications for billions of users. The network provides a permissionless infrastructure where users maintain ownership and control over their data without relying on a central authority to facilitate interactions.

How is the DESO token supply structured?

The DESO token features a fixed hard cap, with both the maximum and total supply permanently set at 10,808,492 tokens. This closed supply structure means no new tokens can be minted beyond this established limit.

Which investors backed the Decentralized Social funding round?

A venture round in September 2021 raised $200,000,000 for the project, led by Andreessen Horowitz (a16z). The round also included participation from prominent venture capital firms such as Sequoia Capital, Polychain Capital, Pantera Capital, Coinbase Ventures, and Winklevoss Capital.

Where can users trade the DESO token?

The DESO token is available for spot trading on the Gate exchange through the DESO/USDT market pair.

Was the reported pre-money valuation accurate?

The September 2021 funding round reported a pre-money valuation of $2,000,000,000. This specific valuation figure is marked as inaccurate, meaning the actual pre-raise valuation may differ from the publicly stated amount.