From the ancient greek δεσμός (“bond, relationship").
Desmos is a blockchain built on top of the Cosmos SDK and based on the Tendermint consensus engine specific for social networking apps. It uses game theory and on-chain governance to decentralize the business model of social networks prioritizing the interests of users.
Desmos Token (DSM) is the native staking token of the Desmos chain which serves as a license for its holders to contribute to the security and governance in exchange for incentives.
Social networks: the centralized present compared to Desmos’ decentralized vision.
Social network serves as a centralized intermediary to maximize profit through selling users’ data.
Users have become the social network and receive or send messages based on tokenomic design.
How is Desmos’ blockchain different
Initial high amount of inflationary Desmos Tokens to incentivize long term commitment to their bonding.
Proposer selection will be rotated based on a random process that is no longer based on voting power. In the long run, each validator shall have similar probability to become a block proposer. This will create a built-in force to equalize the commissions and improve the P&L for validators.
* The tokenomics is still under active development. Please refer to this document to keep posted and give feedback.
The initial supply of DT will be 100,000,000 units.