DeSoc has already set itself apart as one of the standout competitors in this growing cryptocurrency market, recently raising $10 million dollars. The platform's innovative approach merges social media engagement with decentralized finance (DeFi), attracting significant interest from investors, including Ripple (XRP) holders and AVAX stakeholders.
User engagement is the first of DeSoc’s stated fundamental value drivers. Its hybrid model where content creation was rewarded with on-chain SOCS tokens created an ecosystem where developing content was economically beneficial and active participation was motivated monetarily.
The platform’s tokenomics are focused on enabling long-term demand with several revenue streams. Each of these streams incorporate content monetization and tipping capabilities. In addition, they include smart advertising partnerships that amplify the overall value to users while delighting investors.
DeSoc’s performance on testnet has proven its ability to support high transaction volumes, at low fees. This technical underpinnings provide a foundation for the platform’s ambition to figure and serve a fast rising person base.
The project has already reached a $10 million liquidity milestone, signalling strong market confidence and healthy initial investment. This latest milestone is a testament to DeSoc’s capacity for future growth and expansion in the competitive world of cryptocurrency.
Ripple (XRP) holders have been especially vocal about their support for DeSoc, as well as AVAX stakeholders. These collaborations demonstrate just how big a tent DeSoc’s vision can be and how it can fit in wonderfully with the ecosystems that Web3 has already built.
DeSoc distinguishes itself by enabling simultaneous publishing across major social networks. This flexibility makes it easy for content creators to quickly share content far and wide, enabling them to extend their reach and impact across multiple platforms.
DeSoc meets innovators where they are by acting as a bridge between Web2 and Web3. It delivers immediate utility to users, a fun, integrated social media experience, supercharged with rewards powered by blockchain technology. With a more relatable and inclusive approach, this initiative hopes to onboard a whole new demographic of users to the magic of decentralized finance.
DeSoc’s freedom-flavored alternative opens up the new $100 billion social media market. It incentivizes creative people to be rewarded with tokens for actions such as posting, commenting on content, and sharing items. Unlike the patron model, this approach directly rewards original content creation and community building.
The platform includes cross-platform content syndication through Connect via API technology. With this integration, it’s easier than ever to seamlessly distribute content across every channel. It exponentially expands the number of people that creators’ work can reach and impact.
DeSoc's emphasis on social incentives represents a strategic focus that some analysts believe may outperform traditional institutional partnerships, such as those pursued by XRP. By focusing on community building and local content development, DeSoc seeks to foster a more sustainable and user-oriented ecosystem.
