Hey, devs.

We have released some docs – https://docs.overdeso.com.

A bit late than planned but had some delay in delivering new servers.

All APIs described in docs are available to test already. You can give it a try and let us know your feature requests.

The docs are not complete yet, but we are working hard to finalize them.

Join our Discord server to ask questions or request for feature – discord.gg/Z5wjwyR78d

This is your final endpoint to build cool apps on top of DeSo.

DAO – https://beta.daodao.io/d/Overdeso

Docs – https://docs.overdeso.com

With ❤️ by @muvon / Early stage
https://overdeso.com | discord.gg/Z5wjwyR78d

## What is it?
Overdeso is an extended protocol and full-featured social API built on top of DeSo.

Overdeso allows developers to build their excellent DeSo applications quickly without learning how to set up and maintain their node and sit and start developing an app.

Just imagine like a DeSo blockchain core node but as a service when you don't need to maintain it and pay much for servers. We do all for you and offer well-documented APIs to start building quickly!

## What do we have now already?
We are running our APIs in beta mode, and everyone can try to use them.

You can check our [docs](https://docs.overdeso.com) to get started.

We are working on production-ready first and we are going to organize various hackathons later

## Who is using Overdeso?
The most popular app that uses [Overdeso API](https://docs.overdeso.com) is [Overclout](https://overclout.com). 

It's a great showcase of what Overdeso can do for you as a dev and how fast it is.

## DAO contributions
### Round 1 ($25,000)
The first round is aimed to colled the required amount in contributions to prepare the project from beta to production-ready state. 

Start price = **0.001 DeSo** increasing by 1% each 100 DeSo invested.

The reserve ratio is set to 2%.

Attention! This round was recreated due to DAODAO bug with derived keys.

### Round 2 ($30,000)
This round aims to prepare and launch paid contests and hackathons to develop libs on top of Overdeso and more showcases before it expands and attracts more developers to the DeSo ecosystem.

Start price = **0.00125 DeSo** increasing by 1.5% each 100 DeSo invested.

The reserve ratio is set to 3%.

### Round 3 (soft cap $250,000 until deadline)
The final round will last for *x* days and will be announced later. Once it's finished, the supply will be capped.

Start price = **0.002 DeSo** increasing by 2% each 200 DeSo invested.

The reserve ratio is set to 5%.

## Extra supply
After finishing all DAO rounds, we will mint more coins according to the following rules:
- 0.5% of the total supply will be minted and rewarded to Overdeso creator coin holders;
- 1.5% of the total supply will be minted for future promotional purposes.

## Outline
DeSo is already a great product. What if we can empower it to be much easier to use, blazing fast to start, and incredibly scalable for heavy usage with extended social features entirely on blockchain: polls, stories, gifts, donations, rich-text articles, reactions to posts, communities, and much more.

## Keypoints
- By devs for devs.
- Open-source in the future.
- Fully-featured API is scalable and allows you to build your apps first, and do not think about the scalability of social data; we do it for you.
- You can choose – to use API as a service or run your scalable cluster.
- Overdeso is a paid service in the future, but while beta – opened to everyone.
- Great utility for *Overdeso* coins – burn to subscribe, lock for yield and more.

[Follow us on Overclout.](https://overclout.com/u/Overdeso)

With <3 the [Muvon](https://muvon.io) team