DeSoc is rapidly gaining popularity due to its approach to social decentralization and DeFi, which includes a rewards system for users.
DeSoc's Model: A Social Approach to DeFi
SOCS tokens underpin all interactions within the DeSoc network. Content creators can gate premium content based on the amount of SOCS tokens held, fostering resilient communities. Each token transfer is auditable on Ethereum, reinforcing user trust.
Key project mechanics include:
* Cross-platform proofs: Each post is anchored on Ethereum while reaching Web2 audiences. * On-chain rewards: SOCS payouts for engagement replace ad revenues. * Token-gated communities: Premium content is accessible only with a minimum number of SOCS tokens.
Comparison with Competitors: BlockDag and Litechain AI
BlockDag and Litechain AI are also actively developing within the Web3 space, but each platform has different focuses. BlockDag raised over $350 million in its presale, reflecting strong interest in its architecture. Key highlights for BlockDag include the sale of 24.3 billion BDAG tokens and successful testnet performance demonstrating 2000 TPS.
Litechain AI, on the other hand, focuses on machine learning and has raised $21.1 million. The platform anticipates launching its mainnet in late July, offering solutions based on artificial intelligence.
DeSoc's Market Prospects
Given its unique blend of social media and DeFi, DeSoc may have an edge over competitors. The platform rewards content creators, reducing the dominance of whales and allowing for benefits from cross-chain syndication. Transparent governance and token distribution mechanisms open new opportunities for community and platform growth overall.
With current interest in DeSoc and its unique mechanics, the project could emerge as a leader in the social media and decentralized finance sectors by the end of 2025.
