Decentralized Social Network’s DeSo Token Increasing even though Stablecoin upcoming Plans
The rise in Deso – A Social Media network Token, effects and Its expected reasons to rise
The project has created a wrapper for Circle’s widespread USDC stablecoin.
Decentralized Social Network Deso’s native token (DESO) increasing tremendously as traders expect a rise in the price of the project in the future. As per its upcoming plans. An expansion of the project’s content strategy and its plans to partially integrate Circle’s widespread USDC stablecoin could be the reason for its great hit in the Crypto asset market.
The decentralized alternative to social media giants stated that it will let developers create “social apps” that can’t be run offline. That ecosystem will need payment rails – leading to the onboarding of a derivative of USDC.
The major focus can be seen for the launch of Deso
The DeSo Foundation announces the release of its roadmap to decentralize social media to be developed on layer of Web3. Milestones on the roadmap will be executed over the next few months to solve the major issues with social media today.
As per the statement from Nader Al-Naji, Founder of Deso“Most people don’t realize that social media is more centralized than the financial system was when Bitcoin was invented. Only a handful of companies currently control what we see and do online. We can solve this problem by decentralizing social media and storing all content on a blockchain,”
The Deso release comes as conversations emerge between Elon Musk and Jack Dorsey, showing their interest and plans for a blockchain-based social media platform that does payments and short text messages.
Contribution in Deso
The foundation’s role in the open-source blockchain-based social network which could be also run offline would be to finance and advance its development.
DeSo’s blockchain would not have a native form of USDC, as networks like Ethereum and Solana. But, it will issue “DesoDollars” for users who bridge their Ethereum-based stablecoins into the ecosystem, stated founder Nader Al-Naji. He also added ‘DeSo plans to give other chains’ USDC the same treatment.’
“It’s not our goal to be tied to a single chain,” he said.
