Decentralized Social Self Reported Market Cap Tops $65.00 Million (DESO)

Decentralized Social (DESO) traded down 10.8% against the dollar during the 1-day period ending at 15:00 PM Eastern on August 31st. One Decentralized Social coin can now be bought for $6.17 or 0.00010484 BTC on popular cryptocurrency exchanges. During the last week, Decentralized Social has traded down 23.4% against the dollar. Decentralized Social has a total market cap of $65.00 million and approximately $616,684.61 worth of Decentralized Social was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 3.6% lower against the dollar and now trades at $0.0497 or 0.00000084 BTC.
• 2G Carbon Coin (2GCC) traded down 0.4% against the dollar and now trades at $0.0480 or 0.00000183 BTC.

Decentralized Social Profile

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

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 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, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decentralized Social using one of the aforementioned exchanges.

DESO/USD price chart by TradingView