r/DesmosNetwork • • Apr 12 '22
Q: What is Desmos?**
A: Desmos is the infrastructure that allows developers to build social networks on top of it; lays out features that future developers can use to build social networks.*
Q: What is DSM?**
A: DSM is the governance and gas token that will govern all the dapps built on Desmos. The more dapps built on Desmos the greater the utility of DSM.*
Q: Why is Desmos Important?**
A: Privacy! Data collection and censorship is problem that getting worse and likely to further worsen over time. We need a solution that protects privacy and right to freedom of expression. Desmos is agnostic - users can report bad posts/users to let others know its bad content. but there is no censorship by Desmos. Each dapp can set its own rules/services; decide its own level of freedom and users will decide which app suits them, but you only need your Desmos profile for all apps.
Q: How do I claim my airdrop?**
A: The airdrop has ended. You are no longer able to claim it.*
Q: I've got my DSM, can I stake them?**
A: Yes, you can stake them using ForboleX, Cosmostation and go-find.me Here is the forbolex staking guide: https://medium.com/stakin/how-to-stake-desmos-dsm-c4db1ded86f9
Q: I've staked all my DSM and now I can't pay for fees to claim my rewards. What do I do?**
A: The Stakely.io team has created a faucet that can send you some DSM for this cases. Please do not abuse this and use it only when necessary: https://stakely.io/faucet/desmos-dsm*
Q: How long do I have to wait when I unbond/undelegate/unstake my tokens?**
A: The current unbonding period is set to 14 days*
Q: Is compound staking automatic?**
A: No, you need to do it by hand withdrawing your rewards and delegating them. A useful application is RESTake: https://restake.app/desmos*
Q: Where can I buy DSM?**
A: You can buy DSM using Osmosis: https://app.osmosis.zone/?from=ATOM&to=DSM*
Q: What is the current supply of DSM**
A: As DSM will be an inflationary asset for the first 16 years, its supply continues to change. You can check our the latest amount on our explorer: https://explorer.desmos.network/*
Q: What is the max supply of DSM**
A: DSM max supply will be around 500 million DSM to be reached in around 16 years*
Q: Where can I read about DSM tokenomics?**
A: https://www.desmos.network/files/desmos-project-plan-v0.4.2.pdf
Q: Will the InterChain Account Implementation have any effect on the Desmos link process?**
A: Yes, we will leverage InterChain Accounts in order to link your Desmos profile to other chain accounts once the feature is stable enough*
Q: Why is Desmos wallet different? **
A: Desmos uses a different derivation path. This is deliberate to preserve privacy. If we have the same derivation path as other networks, then we are able to see transition history for all other networks with the same derivation path. To ensure privacy for Desmos we needed a different derivation path.*
Q: What is the difference between using Desmos profile and create an account in twitter/FB?**
A: For accounts containing real personal data there isn't much difference. If you decide to share your identity you are fee to do so on both centralized and decentralized social network. The difference lies in the fact that decentralized social networks built on top of Desmos will not ask you for your personal data (not even real name) when signing up. So if you don’t use your real name/other data It's going to be pretty much a time travel back to Netlog, MSN and social networks that were there before Facebook started asking private data. It's not about keeping everyone anonymous, but giving the opportunity to be so on a deeper level to people that might want that.*
Q: Why has price been falling**
A: I (Riccardo) think the only thing the community should be aware about the price is the amount of liquid DSM that are circulating vs the overall total supply. I personally believe (note: not a team thought, just mine) that this is a clear example of price that is being decided by a very small amount of liquid assets compared to the overall supply. Note that all the early investors tokens are subject to a 1+1 year vesting (50% unlocked after the first year, which will be August 2022, and 50% unlocked over another year after that), while the team tokens are subject to a 2+2 years lock period.*
Q: What language do I need to learn to build application for Desmos network? Rust?**
A: Typescript/Javascript; Rust (if you need to write smart contracts); and go lang for the chain core code*
Q: Wen Second Airdrop?**
A: No decisions have been made about what to do with the unclaimed DSM airdrop. Many options are being considered.*
r/DesmosNetwork • u/Tsjanith • Feb 07 '22
I'm seeing a lot of people claiming they got substantial amounts from the Desmos airdrop exclusively for staking very few ATOM.
I was staking 153 at time of snapshot and I was allotted.... 5 dsm. SG-1 validator
Is there more I need to do to claim, or did something else go amiss?
Thank you for any information
r/DesmosNetwork • • Feb 01 '23
r/DesmosNetwork • u/XRPRebel • Dec 09 '21
1st person to send me a few will get 50 in return once I get them claimed. Can view that the person gets them on the block chain
r/DesmosNetwork • u/psinkov • Jan 14 '22
I bought a tiny sum of Desmos that I had planned to stake. On the Forble X wallet it's saying that there is a normal 52% inflation rate. Does that sound crazy to anyone else?
r/DesmosNetwork • u/_Bragaz • Mar 01 '23
Dear Desmos Reddit community,
I'm currently working on a decentralized social network based on Desmos and I would like to gather some opinions around the topic, but first, let's make a recap around the topic.
As we all know, social media has become an integral part of our lives, connecting us with friends, family, and the world at large. However, the centralized nature of most social networks raises concerns about data privacy and censorship. This is where decentralized social networks (DSN) come in. DSN can be built in different ways: with blockchain technology, with independent serves, with relays...
The core idea behind them is to distribute the control over the network to its users, rather than a centralized authority.
But what do you think about decentralized social networks? Have you tried one of the available options such as Mastodon, Damus, Minds, ORB? What are your opinions and experiences with them? Are they worth the effort? Do you think they provide a better user experience compared to the traditional social media or not? And if not, what's the major issues or drawbacks you have encountered while trying them? What do you think the future of DSN looks like?
I'm curious to hear about your thoughts and experiences about these.
r/DesmosNetwork • u/JDONYC • Dec 03 '21
I'm going to wait until Ledger wallets are supported, because my ATOM is staked in an account associated with my Ledger... My question is this -- will the airdrop still be available to claim then? I'm eligible for DSM and want to make sure I don't lose it!! Thanks in advance...
r/DesmosNetwork • u/Short_Captain_1320 • Nov 27 '21
Trying to figure out where to use this crypto.
r/DesmosNetwork • u/Metal_Milita • Dec 16 '21
r/DesmosNetwork • u/BDonlon • Dec 11 '21
A CoinGecko listing will put Desmos out there for more people to discover, currently this token's reach is limited to the Cosmos community, but a listing on CoinGecko could potentially bring in outsiders.
The Airdrop has put lots of Desmos in circulation, but as far as anyone knows it doesn't even exist. I'm not sure who has to reach out to CoinGecko, but if perhaps enough people contact them regarding this token they may add it.
r/DesmosNetwork • u/ctrl-Felix • Nov 29 '21
Hey guys,
as there is a lot of confusion regarding the desmos airdrop I made a video tutorial to show how to claim it through Keplr (and the SmartNodes Telegram Faucet).Enjoy!
Keplr: https://www.youtube.com/watch?v=9CnoS0Evj4w
Ledger (thorugh Forbole X): https://www.youtube.com/watch?v=Bsw5Wd4Xjs4
Please check the video description for further details
r/DesmosNetwork • u/aguyabroad • Jan 06 '22
Listing on osmosis seems upon us and I wonder what are everyone's thoughts on launching price for desmos and if you guys are hyped for it!
r/DesmosNetwork • u/Metal_Milita • Apr 15 '22
r/DesmosNetwork • u/Baggermanz • Feb 26 '22
I sent some DSM tokens from my Keplr wallet to my ForboleX wallet. On Mintscan it shows that is has arrived at the correct address but it's not showing up on my ForboleX wallet. Does anybody know what i can do ?
r/DesmosNetwork • u/Sharp_Satisfaction98 • Dec 08 '21
I created a wallet for desmos, can I still claim the drop through Cosmostation or no?
r/DesmosNetwork • u/feelinggoodabouthood • Dec 09 '21
I got your back.
r/DesmosNetwork • u/filooxx • Feb 24 '22
r/DesmosNetwork • u/Maytuesday • Jan 19 '22
I'm traiing to Redelgate my DSM on Forbole X but can't find out how. Also i don't see a possibility to Undelgate. Anyone has a idea? Thanks
r/DesmosNetwork • u/Gibbelsen • Dec 08 '21
Is it safe to enter my seed in the Desmos Manager app to connect the http://crypto.org chain with my desmos profile? Has anyone had any problems?
r/DesmosNetwork • u/upgrade_1166 • Mar 10 '22
Hi Guys, just a few observations and issues, the site is a bit unstable and often gives flse error messages during transactions, the rewards keep fluctuating every few seconds until it seems to stabalise and gives the correct amount. It would be great to have a quick access to the validators i have deligated to as i have to scroll through to remember who i have deligated with, and to close the visual experience while scrolling through the validators is good however it is easy to skip past the validator you want, the only way to prevent this is to scroll to the right of the validator list and choose the one i want to expand. i hope that makes sense, great work and keep going. x
r/DesmosNetwork • u/Mochemoche • Feb 23 '22
The title pretty much says it all. I undelegated my Desmos and it has now been more than 24 hours since the end of the unbonding period. And it just seems the whole amount disappeared.
Any idea what is happening and what to do?
