There is a consensus in crypto media that decentralized social media will be some of the favorite categories of the next bull market. In content on YouTube channels such as VirtualBacon, Coinsider, and Coin Bureau, categories such as Ethereum Layer 2, Gamefi, and decentralized social media were mentioned. VirtualBacon channel recommended DeSo to those who want to benefit from the trend. Surprisingly, no Youtubers mentioned Hive.
So what is DeSo? DeSo is a Layer 1 blockchain that hosts decentralized social media applications like Hive. Diamond, a Twitter clone, also allows writing blog posts. In this respect, it is an application similar to Inleo. In the DeSo world, content creators do not earn curation revenue. Users can tip the creators of liked posts. In addition, content producers can obtain coins from ecosystem applications. In the Diomand application, content producers also have their coins. There are some prerequisites for owning dedicated coins for content creators.
In addition, those who link their real Twitter accounts with DeSo will earn airdrop tokens proportional to the value of their accounts within the scope of a new application called Focus App. I opened my account on the DeSo blockchain using my Metamask account. They give new users a quarter dollar worth of DeSo coins, so new users can make a certain number of transactions for free.
DeSo's price has increased four times since October with the contribution of promotions and system updates. Thus, DeSo's market value has approached twice the market value of Hive. So, what makes DeSo unique?
DeSo is a coin listed on the Coinbase exchange. It also hosts a decentralized exchange called OpenFund. Purchases can be made by sending USDC to this exchange via the Ethereum network. According to DeSo Explorer, 106k users made 1.9 million transactions on the DeSo network last month. The number of users is impressive, but the number of transactions is extremely small compared with Hive.
My first tweet in the Diamond application was as follows. I did not send a second tweet as I do not intend to give up on Hive.
TL;DR
Can DeSo compete with Hive? I think they are not at a level comparable to Hive in their current form. Even when we don't consider Splinterlands, Hive is superior in social media applications. On the other hand, it seems that they are good at marketing. They connect with the Ethereum ecosystem via Metamask and USDC. Many YouTubers announced the airdrop of the Focus application, which will operate on DeSo. They reach out to crypto enthusiasts by sponsoring major YouTubers. Several well-known VCs are behind DeSo, but I doubt they have built strong community support. DeSo price made 4x in recent months, and the total market cap surpassed Hive.
We need to try different things as a community to blow our sails with the wind of the bull season. Marketing actions taken by DeSo can give us an idea of this issue.
Thank you for reading.
Posted Using InLeo Alpha
The tip system I have seen on other Web2 platforms and I dont think it works that much although with HP its different since it really doesnt cost ppl and regenerate itself I think that is one of the main attractive that many ppl like from Hive, when it comes to marketing in crypto I dont know how that works without over hyping things because most of the marketing ends up in a pump n dump, its still a question I dont have the answer to, how to keep ppl on Hive?
I heard about Deso recently but its based on tipping model.. hows the experience overall ?
@sagarkothari88 vote 15%
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The onboarding experience is smooth as we can use Metamask. There is no need to worry about passwords/keys, etc. The Diomand app resembles Inleo, where users can produce blog posts and tweets. There is no curation; content creators earn diamonds and tips. I earned 19 diamonds worth 21 cents for my first tweet. Hive's content is way better; I have no idea about community spirit.
is it like hive having multiple Dapps? What link to be used for exploring this?
https://docs.deso.org/deso-applications
It has multiple apps like Hive.
thanks. I will check this out