Openfund

It's a new year! And a new name! After discussing with our community and many DAO creators, we voted to adopt a new name that's focused on what we do best: Helping ambitious founders and teams fundraise for their ideas, and engage with their communities. Introducing Openfund!

We are now testing permissionless Bitcoin trading on Openfund! You can use USDC-ERC20 to buy and sell Bitcoin directly on the DeSo DEX, with self-custody. Our mini-AMMs are providing ~8k in the +/-2% band, but we're planning on upping that to ~100k when we launch them fully, ideally next week after PoS hits. And remember that Openfund will be getting a major facelift soon as well! Our mini-AMMs will be up and down intermittently this weekend as we work out the kinks, but they're up now so please give them a test if you have some time.

Our latest $NodeBitsDAO funding round is live on @openfund_com Help us launch a @NeoxaNet SmartNode into our node farm and earn passive #DeSo rewards and #NFTs while contributing the infrastructure that powers #Web3! openfund.com/d/NodeBitsDAO

With just over three days left to go we are now over 75% funded for our January @Openfund_com funding round! Participate in $NodeBitsDAO and earn passive $DeSo rewards and #NFTs while contributing to the infrastructure that powers #Web3! openfund.com/d/NodeBitsDAO

We’re excited to play a huge role in the launch of the $FOCUS token for the new focus.xyz crypto social app built on DeSo! Make sure to read below for airdrop details for Focus, which is backed by $DESO @desoprotocol

@nadertheory @desoprotocol Openfund will be playing a huge role in launching and distributing the $FOCUS token on DeSo! We’re so excited!! 🚀

Today, I'm excited to share our launch plan and a complete walkthrough of the Focus platform for the first time ever. Focus has been in development for over a year, and it's our most significant product launch since BitClout in 2021. Personally, I've never been this excited for a product launch, ever. You can find all the new info below and on focus.xyz. We even have a custom GPT model for interactive Q&A: * White Paper: docs.google.com/document/d/14U… * Tokenomics: docs.google.com/document/d/1Yl… * Focus GPT Model for Interactive Q&A: chat.openai.com/g/g-zCy5gZtxA-… Please let us know what you think, and if you have any questions leave a comment on our DeSo thread here: diamondapp.com/u/nader/blog/a… The next date to watch is Jan 11th at 11:11am Eastern Time. This is when $FOCUS reservations will open. You can sign up for email updates and instructions on focus.xyz. Thank you all for your support. Our goal for Focus is to hit at least 10 million real daily active users, and we will work tirelessly to achieve it. With your help, we can make Focus the first crypto platform to hit true mainstream adoption ever.

@desoprotocol @nadertheory We’re here to make this reality happen! Lets go!

Launching in Q1 of 2024: ✅ Revolution PoS A technical breakthrough & state-of-the-art consensus mechanism, by the same founder @nadertheory who invented the category of algorithmic stablecoins. This brings native staking & yield, starting at 20% APY, to the DeSo Blockchain! Including maximum deflationary pressure due to an innovative burn-maximizing fee algorithm that improves significantly on Ethereum’s EIP-1559. Revolution PoS also lowers the friction for anyone in the world to permissionlessly run validators and nodes, thus greatly increasing overall decentralization. ✅ Next Killer App A new crypto-native social app that is easy to use as Instagram, with multiple ways to earn money without needing anyone’s permission or approval. Including new viral mechanics, like “social airdrops” and “social bounties”, that the team has been perfecting for over a year. And in typical DeSo fashion, everything we build will be on-chain due to the blockchains technical ability to store content at less than $0.00001, compared to $80 on Ethereum or even $1 on Solana. 💎 The Future of DeSo With the combined launches, and years of onboarding/UX, infrastructure improvements and better developer tooling — we expect to see significant growth in regard to both new consumer app development and users interacting with the DeSo blockchain *everyday*. Crypto has been waiting for its “iPhone moment” or its “ChatGPT moment”, where radically new technology that benefits the world comes to life and is easy to use by mainstream consumers. DeSo is here to make this moment a reality. The future of social will be decentralized. 💙

@desoprotocol We’re soo ready. 🎉

Many have said mainstream adoption of crypto is not possible. That we’re “too early”. DeSo is here to prove to the world that this is wrong. We’ve spent the last few years focused on building the infra to onboard the mass. And we can’t wait to show you what it’s capable of.

New to DeSo? Watch our onboarding video below to see how simple it is to get started on DeSo! Engage with web3 social apps that have web2-like UX, such as @UseDiamond @desocialworld @DesofyApp @WeAreStori & @openfund_com

Openfund, built fully on the DeSo blockchain, will play a huge role in all upcoming DeSo token trading and airdrops. Our fully on-chain AND cross-chain orderbook is truly one of a kind and we can’t wait to make see our vision come to life. Excited team!

@nadertheory @desoprotocol Openfund, built fully on the DeSo blockchain, will play a huge role in all upcoming DeSo token trading and airdrops. Our fully on-chain AND cross-chain orderbook is truly one of a kind and we can’t wait to make see our vision come to life. Excited team!

I am officially confirming that the next major SocialFi consumer app from the @desoprotocol team will have a fully permissionless airdrop, open to anyone in the world. It will be a new viral mechanic that we've been working on for over a year now. Details coming soon.

@desoprotocol Intrigued!

👀 What if you decided the algorithm? 👀 What if you could curate an infinite feed of content? 👀 What if you could earn a living for engaging, creating & moderating? 🤯 We’ll be sharing a groundbreaking proposal that will forever redefine how we think about social media.

@desoprotocol Radical transparency 🫡

We're launching a new DeSo Block Explorer that's unlike anything you've seen in web3 👀 ⭐️ The first transparent social public ledger ⭐️ Transactions that have built-in social & identity ⭐️ 100% permissionless & interoperable across DeSo Meta, TikTok & Twitter would never.

@twobitidiot Decentralized Social should be “DeSo”technically

@desoprotocol 👀

Soon, we’ll finally be able to show the world what two years of hardcore focus on highly secure & scalable Layer-1 infrastructure for web3 social looks like. Do you know what’s coming? 👀 revolution.deso.com

@ljin18 @friendtech Take a look at how @bits_dao fosters community through a stable reward system using Openfund

Social networks succeed by offering users one of the following: riches, fame, love. @friendtech does the first really well. TikTok, Twitter, etc. does the second. OnlyFans delivers on love :p (any product fostering deeper relationships within communities).

@winnyeth @desoprotocol @bits_dao Awesome! And here’s a video tutorial on Openfund itself so you can understand how it’s built. Let us know if you have any questions! youtu.be/3ihxbajCnQw

@openfund_com @desoprotocol @bits_dao rad, thanks so much - looking into this now

would love to understand more about any apps building with @desoprotocol for token gated content / community building if anyone wants to have a lil chat <3

@desoprotocol @elonmusk Proud to be built on DeSo!

“The sad truth is that there are no great social networks right now.” - @elonmusk Yup, we agree.🫡 We’re here to rewrite the social landscape to usher in a new era of onchain social. Where everyone is free to be themselves & earn without restrictions.

@desoprotocol This is how crypto should be!

On DeSo, everyone can access monetization opportunities as soon as they join! There’s no billionaire or corporation deciding who gets paid, and how much. We remove the middlemen so people can value each other, permissionlessly. With Creator Coins, NFTs, Social Tips & more.

@desoprotocol @bits_dao We love the @bits_dao team! 💙

💡Introducing: DeSo Ecosystem Spotlight 💡 This is a new series highlighting projects in the DeSo ecosystem building and rewarding communities within the ecosystem. First up is NodeBitsDAO (@bits_dao) 🧵