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.
The use case for Desmos
Social network serves as a centralized intermediary to maximize profit through selling users’ data.
Future with Desmos
Users have become the social network and receive or send messages based on tokenomic design.