DESO Goes Decentralized on LBank Exchange

DESO Goes Decentralized on LBank Exchange


LBank Exchange has listed Decentralized Social (DESO), the native token of the first layer-1 blockchain built to decentralize social media, for trading on their global digital asset platform.

Road Town, BVI, May 26th, 2023, Chainwire

LBank Exchange, a worldwide digital investment trading platform, listed Decentralized Social (DESO) on May 24, 2023. For all users of LBank Exchange, the DESO/USDT trading pair is officially available for trading.

Reimagining the world of social, DeSo is the 1st layer-1 blockchain tech built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. Its native crypto token Decentralized Social (DESO) was listed on LBank Exchange at 3:00 UTC on May 24, 2023, to further expand its worldwide reach and assist it accomplish its vision.

Introducing DeSo

DeSo, short for “decentralized social”, is a new layer-1 blockchain tech built from the ground up to decentralize social media for billions of users. It is empowering an internet that’s creator-led, user-owned, and open to millions of developers around the globe to build off one another.

Today, there is only a handful of big-tech corporations that own and control all the information people consume online. DeSo puts the ownership back in the hands of users, not platforms. User’s identity, profile, content, and social graph can now be owned by themselves in a completely censorship-resistant way.

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The DeSo blockchain supports not only traditional social features like creating profiles and posts, but likewise novel blockchain-native features like social crypto tokens ( founder coins), tipping, and Non-Fungible Token (NFTs). These features unlock vast new categories of money-enabled products, from social Non-Fungible Token (NFT) experiences to influencer stock markets. These features enable creators to more effectively monetize their content and connect with their followers on DeSo-powered apps.

Additionally, developers can build in a gasless, permissionless, and transparent environment where everything is open and on-chain for ultimate accessibility and composability. DeSo is built to facilitate storage-heavy or infinite-state applications, opening up a new world of non-financial-based Web 3.0 applications that weren’t possible before. New users can signup to DeSo applications like Diamond and earn $DESO for simply posting and engaging with other users on the platform.

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With DeSo, people can now imagine, build and experience the following generation of Web 3.0 social. In the same way, people have seen Bitcoin (BTC) and Ethereum (ETH) decentralize finance, DeSo is now enabling this for social.

Deso is coming off a series of remarkable launches including their MetaMask integration which makes it easy for Ethereum (ETH) users to login to DeSo applications in just several  clicks. In addition, they’ve launched the groundbreaking MegaSwap, a anonymous no login cross-chain swapper for cryptocurrency, and OpenFund, which makes it easy for cryptocurrency projects to launch startups and get funded in just several  clicks.

Looking forward, they are gearing up for their transition to Revolution Proof-of-Stake, a monumental development that will strengthen energy efficiency by 99 percent and set up DeSo as one of the most deflationary protocols in existence. Soon, you will  have the chance to stake your $DESO while earning bonus for securing the network. This innovative PoS mechanism enhances the schemes employed by Ethereum (ETH), Cosmos, Flow, and Solana (SOL) demonstrating DeSo’s commitment to technological advancement.

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Keep checking back as DeSo prepares even more announcements as they become a sovereign blockchain tech that enables anyone from anywhere in the world to launch decentralized, censorship-resistant applications that scale to billions of users!

About DESO Token

Decentralized Social (DESO) is the native crypto token of DeSo ecological system, which as of now has 2M wallets and 85M transactions across 100+ applications built, resulting in $2B in transaction volume. Transactions on DeSo are virtually gasless, costing one- 10 thousandth of a cent.

Additionally, DeSo just announced a groundbreaking Proof-of-Stake mechanism was known Revolution, leading to 99 percent more energy efficiency and becoming a far more deflationary protocol than has ever existed. Once completed, DeSo will inch closer to its final form, “The Sovereign Internet,” featuring a “Decentralized Web,” enabling developers to deploy censorship-resistant storage-intensive applications at scale from anywhere in the world.

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DESO crypto token was listed on LBank Exchange at 3:00 UTC on May 24, 2023, investors who are interested in DeSo can easily buy and sell it on LBank Exchange now. The listing of DESO crypto token on LBank Exchange will undoubtedly assist it further expand its business and draw more attention in the market.

Learn More about DESO Token:

Official Website | Twitter | YouTube | Telegram | Discord | Diamond | Explorer

About LBank

LBank is one of the top cryptocurrency exchanges, established in 2015. It offers specialized financial derivatives, expert investment management services, and safe cryptocurrency trading to its users. The platform holds over 9 Million users from greater than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and intends to contribute to the worldwide adoption of cryptocurrencies.

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