🌱 1. Organic Growth: @nader reported that this listing was organic meaning that crypto.com listed this without the involvement of the foundation. This means that they have high conviction in the asset. All Centralized Exchanges (CEXs) usually have a high bar and strict assessment criterion to be met even before considering a listing. They are approached by thousands of projects every year and only approve a small percentage of applications. The fact that this listing came about without an application validates that DeSo is able to grow organically. This is a huge indicator for future success for any project.
📊 2. Trade Volume Increase: This implies that crypto.com sees potential to increase THEIR trade volume by listing assets that they deem will generate interest across their 80M user base. With so many eyeballs on the asset, it's certain that this channel will bring in new traders and certainly some users.
📢 3. More Listings: Given that a T1 exchange has organically listed this. We now have the opportunity to approach other exchanges to seamlessly list $DESO as well as start promoting it to their users. There's an opportunity here to execute on amplified PR strategies that could create an explosive growth burst if played correctly.
Let me know your thoughts on other implications. 💎💎💎 For interesting opinions.
Hit follow if you'd like to see more posts on Crypto resources, Web3 industry insights and Web3 innovation.
What's most exciting to me is this is an organic listing! Crypto.com has been around a long time, so it's good recognition for the DeSo ecosystem. The team's hard work is paying off!
They don't have a ton of volume, so it likely won't help much with liquidity. Honestly though, when price is going up, it's not the worst thing to have low liquidity :)
From an economical standpoint and also coming from the bottom perspective, I endlessly search how a layman like myself could find a space in crypto and how to apply it's tech into IRL applications.
After reading Nader's white paper on his viewpoint of social media and how he envisioned creating a platform that is fees based, instead of ads based in order to disrupt the game. It'sworthy to note, being listed on another exchange is not as attractive to me, as much as the monetization from producing content.
I believe the reason Only Fans, YouTube and Instagram exist for the most part is because of monetization. People are tired of working 9 to 5's, and want more freedom to live their lives. They don't want to be rooted in a cubical or even in a house. They want the freedom to work anywhere, at their own time, at their own pace.
If Focus lives up to the expectations of its potential, where every single user can now begin to invest in themselves, have their friends, family and fans consume their content, then DeSo will disrupt the entire social media game.
However Nader first needed txs to be faster and cheaper, and created $DeSo. Now that that is done, once FOCUS comes out, this will be the catalyst to make his vision a reality and for each one of us to get a piece of the pie. Focus on $Focus. $DeSo going parabolic soon. 🚀
Crypto.com just listed DeSo!! So what could this mean for DeSo and $DESO? There are 3 major implications.
Crypto.com is a Tier 1 exchange and has 80M users worldwide!
Herse's the news: crypto.com/product-news/crypto-com-app-lists-decentralized-social-deso
Here's the listing: crypto.com/price/deso
🌱
1. Organic Growth: @nader reported that this listing was organic meaning that crypto.com listed this without the involvement of the foundation. This means that they have high conviction in the asset. All Centralized Exchanges (CEXs) usually have a high bar and strict assessment criterion to be met even before considering a listing. They are approached by thousands of projects every year and only approve a small percentage of applications. The fact that this listing came about without an application validates that DeSo is able to grow organically. This is a huge indicator for future success for any project.
📊
2. Trade Volume Increase: This implies that crypto.com sees potential to increase THEIR trade volume by listing assets that they deem will generate interest across their 80M user base. With so many eyeballs on the asset, it's certain that this channel will bring in new traders and certainly some users.
📢
3. More Listings: Given that a T1 exchange has organically listed this. We now have the opportunity to approach other exchanges to seamlessly list $DESO as well as start promoting it to their users. There's an opportunity here to execute on amplified PR strategies that could create an explosive growth burst if played correctly.
Let me know your thoughts on other implications. 💎💎💎 For interesting opinions.
Hit follow if you'd like to see more posts on Crypto resources, Web3 industry insights and Web3 innovation.
@WhaleDShark @mossified @Ashdigital @0xAustin
What's most exciting to me is this is an organic listing! Crypto.com has been around a long time, so it's good recognition for the DeSo ecosystem. The team's hard work is paying off!
They don't have a ton of volume, so it likely won't help much with liquidity. Honestly though, when price is going up, it's not the worst thing to have low liquidity :)
Good points 👆 adding one obvious:
4. Free publicity all over the crypto world for $Deso getting listed on such a big exchange as crypto.com
Yeah, all good points!
I spent lots of time doing exchange outreach and talking to their teams.
Many of them are strict and have all sorts of additional requirements (as you mentioned).
From an economical standpoint and also coming from the bottom perspective, I endlessly search how a layman like myself could find a space in crypto and how to apply it's tech into IRL applications.
After reading Nader's white paper on his viewpoint of social media and how he envisioned creating a platform that is fees based, instead of ads based in order to disrupt the game. It'sworthy to note, being listed on another exchange is not as attractive to me, as much as the monetization from producing content.
I believe the reason Only Fans, YouTube and Instagram exist for the most part is because of monetization. People are tired of working 9 to 5's, and want more freedom to live their lives. They don't want to be rooted in a cubical or even in a house. They want the freedom to work anywhere, at their own time, at their own pace.
If Focus lives up to the expectations of its potential, where every single user can now begin to invest in themselves, have their friends, family and fans consume their content, then DeSo will disrupt the entire social media game.
However Nader first needed txs to be faster and cheaper, and created $DeSo. Now that that is done, once FOCUS comes out, this will be the catalyst to make his vision a reality and for each one of us to get a piece of the pie. Focus on $Focus. $DeSo going parabolic soon. 🚀
The bad news is that if the liquidity is too good, it will not be easy for prices to increase sharply
Great explanation in layman’s terms
Great analysis
Great news. When Deso launch in more exchange mean more users can know about Deso. Hopefully next one is binance.
Great analysis, thanks.
nice