Decentralized Social (DESO)

Content Ownership and Control

Decentralized Social lets users own their identity, profile, content, and social graph in a censorship-resistant way. Content is stored directly on the blockchain, so users control it with their own keys, not a central company.

Monetization Tools

Creators can earn money using crypto-native features like Social Tokens, NFTs, DAOs, Crypto Tips, Paid DMs, and Fee-Based Transactions. These tools help creators monetize their passion and connect with followers.

Low-Cost and Scalable Storage

It offers extremely low fees for posting and storing content compared to other blockchains, making it affordable to share social media posts and other data on-chain at scale.

Open Ecosystem for Developers

Decentralized Social is built to be open to millions of developers worldwide, allowing them to build apps that interoperate and share data seamlessly across the ecosystem.

Decentralized Content Curation

Users can create and monetize their own content feeds, with marketplaces for decentralized content curation that reward creators and curators fairly.

Crypto Wallet and Identity Integration

The platform includes a self-custodial wallet and identity solution, enabling secure crypto payments and interactions within social apps.

Resistance to Censorship and Data Loss

Because all data is public on the blockchain and controlled by users, there is no risk of losing access to content or APIs, and no single entity can censor or remove user data.

Advantages

Decentralized Social rewards users with cryptocurrency tokens or reputation points for their engagement and contributions, allowing content creators to earn directly. It promotes transparency and community collaboration by using open-source code. Users have greater control over their data and content, with no central authority controlling or manipulating what is shared. This model supports free speech and censorship resistance, and users can create accounts without linking to real-world identities. It fosters innovation by allowing users and developers to experiment freely. The platform is less commercial and more community-focused, not relying on advertising revenue. Decentralized Social offers improved monetization through crypto payments, NFTs, and fair revenue-sharing models. It is more robust and less prone to outages due to its distributed network. Privacy and security are enhanced by cryptographic measures and blockchain technology, making data tampering nearly impossible. Users can migrate their data and identity across platforms, maintaining autonomy and continuity of their online presence.

Disadvantages

Decentralized Social can face scalability issues, with slower operations as user numbers grow. Transaction fees (gas fees) fluctuate and may deter users. The technology can be complex and challenging for average users to understand and adopt. Content moderation is decentralized and can be inconsistent, leading to challenges in managing harmful or malicious content. Privacy can be a double-edged sword, as posts may be stored on many servers and cannot be easily deleted. Public perception of cryptocurrency is sometimes negative, associating it with fraud or speculation, which may limit adoption. Incentive structures may favor early adopters or those with more tokens, potentially creating imbalances. Some platforms may lack engaging content and broad user participation, making them less attractive to mainstream users.

Founders of Decentralized Social

Decentralized Social is led by Nader Al-Naji, a crypto veteran who heads the DeSo Foundation. He is the main founder associated with the project, which has a $200 million treasury to support its mission of decentralizing social media.

Investors in Decentralized Social

The Decentralized Social blockchain is supported by the DeSo Foundation, which has a $200 million treasury to back its mission. The foundation is led by crypto veteran Nader Al-Naji. This indicates strong institutional backing behind the project.

Crypto Community and Exchanges

A large portion of Decentralized Social investors are retail users trading on popular exchanges like Coinbase, where 96% of users have increased their holdings recently. Platforms like Bitget also serve millions of users who buy and trade Decentralized Social tokens.

Broader Crypto Investors

Investors interested in SocialFi and decentralized social platforms often support underlying technologies such as decentralized storage and blockchain identity systems. They look for projects with real utility, network security, and sound incentives, which Decentralized Social aims to provide.

Summary

• DeSo Foundation with a $200 million treasury led by Nader Al-Naji
• Retail investors on exchanges like Coinbase and Bitget
• Crypto investors focused on SocialFi and blockchain infrastructure

Halal Status of Decentralized Social

• The halal status of any crypto token, including Decentralized Social, depends on its compliance with Islamic finance principles.
• Key factors include the absence of interest (riba), gambling, and unethical activities, as well as transparency, ethical use, and social responsibility.
• Many decentralized tokens are considered halal if they operate transparently, avoid prohibited activities, and serve ethical purposes.
• There is no specific mention of Decentralized Social being certified halal or haram in the available information.
• Generally, decentralized cryptocurrencies with clear ethical use cases and no involvement in interest or speculation are often viewed as halal by scholars.

Answer: No definitive halal certification is available for Decentralized Social, so it cannot be confirmed as halal based on current information.