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Introducing Dapps.co ⚡️
Recorded: Sept. 2, 2025 Duration: 0:37:49Space Recording
Full Transcription
Music Thank you. Thank you. Thank you. Thank you. Hello everyone, thanks for joining in.
Welcome to today's AMA with DApps.co.
DApps.co, the first social platform where you can own your content, invest in communities
and earn real crypto while doing it.
I'm Apoorva and I'll be your host for the session. Today,
we are joined by Tarusha and Mohit from dApps.co team, who will share insights on how they are
redefining content, community and creator monetization in Web3. Welcome to the AMA
session. Our community is really excited and has a lot of questions lined up for you guys.
Thanks for joining in. Thank you so much, Apoorva.
This is really a fantastic opportunity.
So community is the backbone of what we are doing
and to see so many people here joining
and so many excellent questions on the Twitter thread.
And it's just amazing to be here.
Thank you so much, Apoorva, for doing this.
We are very excited to interact with the community. Like Mohit said, community is the spine of what we are doing, especially in Web3. So this is super exciting and I'm looking forward to this AMA.
We have almost 500 plus questions, but of course we have limited time, so we won't be able to take all of them up.
So let's dive in.
To get started, could you give us a quick overview of dApps.co for those in the audience who might be hearing it about for the first time?
Absolutely.
So, you know, community has always been the defining factor in Web3. Any large movement, whether when it started with Bitcoin, then with Ethereum,
and any big or small movement has had community behind it.
And it's not just true for Web3.
Like humanity as a whole, revolutions, and all our evolution that has happened,
community has been at the backbone.
But particularly in Web3, community usually becomes the exit liquidity of founders,
of early investors. And they are the ones that suffer the most, even though these are the people
that are really building the entire ecosystem. So we wanted to see if there was a way that,
you know, communities can benefit from day one itself, whether, you know, they can create content
that can be monetized, whether they can invest in communities
and actually reap the benefits
by being early in any project or community.
So that's what led us to creating DAPS
where they can actually invest in various projects
and just by creating cool content, cool memes,
they'll actually be able to earn on every day,
on every week, on every transaction basis.
That's amazing. That's absolutely what the community, the Shadium community was looking
at for such a long time. So we have Shadium leagues that have been like championing Shadium
for a long time. And now it's the time that everyone can monetize from it so thanks for breaking it down
it's great context for everyone tuning in so let's dive deeper how does dApps differentiate
itself from other social socialify or dApp discovery platforms on most of the platforms
that was so I'll first start off with Shadyam itself. So, you know, Shadyam's proof of community and how strong the movement has been throughout the country and even beyond that has been really powerful.
Now, particularly in the case of DAX, see, most of the social platforms that you use, in fact, the one that we are currently using right now to do these spaces as well, they work on an attract and extract model.
What that means is they attract users and they try to
extract maximum value from them. To them, we are not a user, we are the product, because that's
what they sell to the highest bidder. And even in the Web3 social that we have seen, there is no
good way to monetize if you're just starting up to become a micro-influencer or, you know,
just starting your journey. There's very little that you can do to actually make a living.
And DApps essentially changes that.
See if you sign up on DApps right now and join any community or post any cool content,
you'll see a lot of people that will tip you.
You'll see your share prices in these communities rise as more and more people join in.
So whatever your interest is, whatever excites you, if you create a community
around it, you'll see other people joining in and that will benefit you because every time somebody
purchases a share in the community that you have created, you earn on all transactions. So for
example, if I am really passionate about chess and I create a community there, as more people join in,
not only does the price of the you know community
share increase but also on all buy and sell transaction i'm automatically making money
so i'm able to turn my interest into a livelihood and that's what the entire thesis of creating
dApps has always been that you're able to turn I think we lost you there for a second.
Sorry.
I think there's some bad network.
Till what point were you able to hear me?
So you were telling how communities can earn through dApps.
Correct.
So I gave an example of chess.
I hope I was connected to that.
Yes, yes.
Right.
So whatever your passions might be, you know, whether it's cricket, whether it's volleyball, whether it's city based passions, whether it's interest based passion, just by creating community, you're able to turn that passion into a living.
You're able to make money off it in real-time basis.
And that allows you to essentially grow your interest and hobbies into a livelihood.
Turn from a consumer into a creator and become part of this massive creator economy that is on the rise.
That's really interesting.
So that sets DAPs apart in a crowded space.
And it's so interesting for new people
who are joining in and who are new to this space.
And like in most of the social platforms,
you need to really grow your immunity first
to a really big number to get yourself monetized but with dApps we can get started right
away right that's absolutely correct bang on awesome let's move on to the next question then
can you explain how users can truly own their content and what that means in practice
sure so you know for you to be able to understand this,
let's go back to, you know, web one and web two,
and then we'll come to web three.
See, early on when websites were created,
email was the core way that we could interact with our audience.
And if you owned the email list,
if you had the email list of your subscribers,
essentially you were in charge.
You knew who to reach out to, when to reach
out to, and with what content. With the rise of web 2, as social media started getting more and
more evolved, you no longer had that reach available. So for example, right now, if I have
5,000 followers on Twitter or X, I don't control them. The platform controls them. So whatever content that I am creating,
how many views it will get, who all it will reach out to, it will definitely not reach out to all
those 5,000 people. It will reach out to a subset, a small section of it, depending on whatever the
algorithm dictates of these social media platforms. So what we've done is we've gone back to the email part of it, where you own your audience.
So if I were to follow you on DApps, or if I were to join your community on DApps, you have full control over it.
Any content that you create would reach out to every last single person that has followed you or that is part of your community.
So no change in algorithm will result in you losing your livelihood.
On dApps, you cannot be banned, it's censorship resistant, and it's completely open source. And
what this empowers you to do is you are able to create predictable audience in the future.
So tomorrow when your audience grows from 5000 to 100,000 or 500,000, you don't have to worry
that you know, I'll have to spend money in order 500,000, you don't have to worry that, you know,
I'll have to spend money in order to reach all of them.
You'll be in control.
You'll be in charge.
That's a really powerful concept.
Putting creators in control of their content
is actually a game changer.
So all creators listening out there,
this is your chance to get started right away.
Thank you, Apoor. You're really, very kind.
But yeah, that's the vision, right?
How can we empower people more so that, you know, we are less dependent on the platform
and more dependent on ourselves, our ability to create good content or whatever we do best.
Building on that, how does the revenue and reward distribution work between content creators and
the platform sure so let's say if you create some awesome content and you get tips for it
or you create a content where i have to tip in order to view it you get 100 of the revenue
the platform doesn't keep anything now let's come to the communities. So in communities, let's say you start a community and as people trade, as people join the community
by buying tokens and shares into it, you earn on all transactions. And actually while creating
the community, you can decide how much would you earn up to a maximum of 5%. So let's say if you
decide that, you know, 1% on all transactions, I should be able to make money.
So every time somebody is joining or leaving or trading your shares,
you're making 1%.
We make exactly how much you make.
So if you decide for yourself that it should be half a percent or 2%,
we'll make exactly that.
So we make money only when you make money.
Now there's another interesting thing that happens when shares trade money only when you make money. Now there's very another interesting
thing that happens when shares trade or tokens trade for any community. A small percentage is
also set aside and sent to the reward pool of that community. That reward pool is then used to reward
the top creators within the community. So going back to my earlier example, let's say if I create
a chess community and somebody has posted really cool tutorials of opening that, you know, maybe playing with this opening will result you in a better game.
And that's content is doing really well.
So from the reward pool at the end of the month, they're going to make some USDT, Ethereum.
So that way, you know, just like creating cool content, they're able to monetize it.
From the reward pool, we don't charge anything so our as
a platform's revenue model is only as much as the creators are making and that too when they make it
there is no subscription fee involved for creators awesome so that's a win-win for everybody and the
balance between sustainability and user rewards is key for long-term adoption
always. Yep. Otherwise, there's no point of doing this, right? Correct. Absolutely. So,
can you tell us how can developers or communities start building on dApps?
So, we've tried to create the experience as seamless as possible. You can sign up on DApps using your email, using your existing socials, Discord.
Or if you're very privacy conscious, then you can just sign up using your wallet.
And you can get started right away.
You don't need to learn about blockchain or Bitcoin or any technology.
It's as seamless as using any other existing social network.
Our apps are available on both Android and iOS. So we fit right into your phone and interacting on dapps.co
wouldn't feel very different than any other platform that you're already using. If you
want to create a community, if you want to tip creators, one thing you'll have to do
is you'll have to maintain some kind of a balance and even for that we as a platform give you some uh platform points which are like raw tokens which
you can use to you know reward the creators dip them and participate in any ongoing campaign
all of that you can still earn on dApps just by being on the platform
on the platform.
Yes, I also went and logged into DApps and me being not a very technical person, I can
assure you all, whoever that's listening, that it was seamless.
I just had to click thrice or twice and I was in.
So it was really a seamless experience.
You're really very kind.
We are actually growing at 9% week on week, and the content on the platform is growing
a little over 21% week on week.
So even right now, a little over 160,000 unique user-generated content already exists on Dapps,
and we're just starting up.
That's a great start if you're just starting up.
That's a great start if you're just starting up.
So I was at your platform, the platform looks amazing.
I joined a few communities of my choice and there's something for everyone out there.
Thank you. I really do appreciate you joining the communities.
If you find something interesting, please do, you know, tag me there. I'll join up that community as well.
I'll do that.
So now talking about scaling. So how do you plan to leverage Shardium's low gas fee and auto scaling network to scale globally now that you've partnered with Shardium?
I have always been a fan of Shardium's vision. So, you know, the first
day that Nishal told me that, you know, this is the vision, this is what we're going to do,
and this is where we are headed. I was completely, you know, into that idea. In fact, I'm one of the
early investors in Shardium as well. And that's a couple of years back that I had joined in as an investor. Because, you know,
the ability to scale as more people are coming in, that's really exciting. So all you need to do is
just add another node and your TPS increases. We have not seen anything like that happen
right now in all of Web3. They are all capped at a certain TPS. However, Shardium essentially
flipped that script that, you
know, more people join in, all you do need to do is connect more nodes and your TPS automatically
grows and there's no upper limit to where it can grow. So that technology of using sharding
to be able to do that is very powerful in itself. As a social platform, see, a social
platform is useless if your friends are not on it or if the people of the same interests are not on it.
It is only valuable when you know the people that you can interact with that are as excited about various things as you are, that it makes sense.
So getting more people means that the platform should be able to scale.
The existing infrastructure of Web3 would allow us to scale but only to a certain extent.
However, with Shardium, we are able to predictably grow.
We don't have to worry about, you know, the technology clogging at some point in the future,
which is why I'm really excited about your upcoming UnstableNet as well.
And I'm looking forward to integrating that on DApps so that people can actually create various communities of any kind
without any resistance, friction,
waiting, or delays of any kind at the platform end. The idea is it should be natural. It should
be the way that you're currently dealing with social media without having to learn about,
you know, Web3. And the scalability and as well as that with the low prices of transactions allows us to grow very fast, very well with Shardium.
And I'm really excited about that.
Same here Mohit.
We are really excited to grow with you together.
And that brings us to the next question.
Can you tell the listeners about the boosters for SHM holders?
Yes. So we wanted to create a democratized system where every participant is essentially
able to own some part of the entire ecosystem that we are building. So for that, we created
these row points, these row tokens. Now, anybody can come on the platform and farm these row
tokens every six hours all you
need to do is just press a button you'll see that there's a progress bar once the progress bar
completes then we'll be able to get listed and you know uh you'll be able to become part of the
raw economy as well now everybody has the same booster rate however for shardium community if
you prove that you actually hold some SHM tokens in your
wallet, you earn at a 3x boost. So if I was earning say 10,000 ROAR points every day, with
Shardium now, I get additional 30,000 points. So a total of 40,000 points is what I'll be able to to farm for free just because I hold Shadium tokens.
That's exciting. SHM holders are definitely going to love those incentives.
Speaking of numbers, do we have some exciting numbers
that we can share with the community?
How many SHM holders have logged into DATS?
Yes, so I was just checking last night, 176 of Shadium holders are already using DATS? Yes. So I was just checking last night, 176 of Shardium holders are already using DATS.
And I believe this number is going to grow exponentially as we get more and more exposure
within the Shardium communities. And what I mean by that is with proof of community,
you have a strong base and leads in various parts of the world. And these are the people who are already passionate about blockchain, about Web3,
and giving them an avenue to be able to turn it into an economy.
That's something that, you know, even Balaji talked about with network states.
So let's say if I create a Delhi chapter, I live in Delhi, so I create a Delhi chapter,
and Apoorwa, let's assume that you create a Dubai chapter.
Maybe we too can actually compete.
We can have like a trading competition.
We can have a chess competition.
We can have a content competition between our communities.
So both the communities are able to actually benefit and grow in this concept.
Other than that, some promising numbers that we have are, we have a wait list of 90,000 plus users.
We've just crossed 20,300 users actively using the platform.
And as I said, our week on week growth is now at 9%.
So really excited about that.
Thanks for sharing the numbers, Nomad,
onwards and upwards from here.
So moving on to some community questions that we have.
The first one is about Bonded Curves.
So how does DApps use Bonded Curves to allow secure investments in communities and content?
Okay, so Apoorva, right now,
let's say if I really like playing cricket,
there is no way that I can make a bet
on the entire cricket, right?
Sure, I can use some illegal channels
to bet on a team or two,
but as a community, as a whole,
there is no way for me to, you know,
be able to say that, you know,
this community is going to grow
and this is where I'm putting in my money
because I believe strongly in this community community and this can be for any kind
of interest or any kind of city let's say if i really like bangalore there is no way for me to
you know go long on bangalore communities allow you to turn ideas geography demography into an
asset class and for us to be able to do that we needed to have a very fair
tokenomics for each community because we didn't want that there should be pumps and dumps that
you know there are so many meme coin launch platforms and you could do the same thing by
creating a daily based community on say pump.fun however it's going to get rugged so we wanted to
prevent that rug pulling.
So we designed our own bonded curve, which ensures that liquidity would always be available
to investors.
What that means is if I have a share in Delhi community, never would it happen that there
is no liquidity for me to trade.
I would always have the options to exit to sell my shares.
I wouldn't have to look for somebody to be able to buy my shares.
I'll be able to send it to the bonded curve.
And the steep at which we have designed this bonded curve
allows the early participants to actually gain the most.
And as the community grows,
the per transaction fee that we charge for reward pool for content creators
gives a fair economic model and allows the community
to seamlessly grow without pumps and duns or rug pull or any of that.
That's a pretty innovative model. It's great to see finance and community coming together
for a social-fired platform. So that's amazing. So you were talking about regulatory
compliance, dear. So buying and selling community shares can raise regulatory questions. Someone's
asking how does DAPS ensure these activities don't violate security regulations? So each region has
its own security, its own laws, and we as a platform are more as a protocol so what i mean by that is
let's say you are a user on dApps but you don't like the way that dApps looks so you can create
actually your own client on the dApps protocol that we have built everything is completely open
source so what this allows us to do is create a permissionless system where you can trade without
any oversight or without anybody censoring what kind of trade you can execute. So while all the
information is available in public, on a public ledger, right now on base and soon on Shardium as
well, there is no way for us to be able to govern it and stop it because it's a protocol so similarly how on uniswap you are able to trade anything or any token without any oversight from
the government uh the same thing is available here because it's a protocol similar to uniswap
however your local laws you would have to personally deal with them so let's say in
india there's a 30 tax on the profits that you gain.
So let's say if you invest, say, $20 and it has now become $200,
you would be personally liable to pay that taxes to your government.
As a protocol, we simply become a medium for you to be able to execute that transfer
and exchange your USD for community tokens and the other way back.
That's it.
There is no other legal site that we have put in place in this protocol.
Thanks, Monit.
Thanks for sharing light on such an important topic.
Compliance is really critical for long-term success.
for long-term success. So let's come to algorithm bias. Someone really wants to know how is content,
So let's come to algorithm bias.
visibility, and ranking determined on dApps? And are there any safeguards against algorithm bias
favoring certain content or communities? Oh, this is a very important question, very close to my
heart. So I'll tell you how dApps got born. So I on Reddit have been there for I think over 15 years now. I think a little over 12 years and less than 15 years. So I had a couple of hundred thousand karmas on Reddit. And then all of a sudden, one day I wake up and my account was blocked. And this was during the GME time.
This is when, you know, Wolf of Wall Street, the entire thing was blowing up.
And all my karma points lost.
Everything is gone.
There's nothing.
I tried appealing to them.
They didn't unban my account.
And any platform having so much power over you, where they're able to, you know, just
shut you down, just take away all your reach that you
had with one click of a button that's really very critical for you to think about as a creator
as a creator i should have independence and control over my audience you know the platform
shouldn't be able to take that away from me right now if any algorithm change happens on x on
instagram tikt, or any
other social platform, creators end up losing their livelihood. They've worked so hard for so many
years regularly creating content, and all of a sudden, it just goes away. On dApps, there is no
algorithm governing who reaches and who sees what posts. You as a creator, whatever you create,
your followers are gonna see it. There's no algorithm, whatever you create, your followers are going to see it.
There's no algorithm that's blocking you or can shadow ban you or can, you know, remove you or
de-platform you in any way. So that gives you a power as a creator to be flexible, to be
creative and do what you do best without having to worry about, you know, platform getting in your way.
about platform getting in your way.
It's so good to see founders thinking about
fairness and transparency in Web3
that builds real trust with the users.
So the next question is about the native token.
Someone is saying,
I noticed there's no native token yet.
Are there plans to integrate a native token
to replace ETH for transactions and rewards?
And if so, when?
So while there are plans to have a native token that will work more as a governing token for this entire social layer,
there is no plan of introducing that for trading.
That you'll only be able to buy it in raw tokens or DAPS tokens or whatever that might be.
So this allows us to not restrict the users.
A lot of people already hold Shardium.
A lot of people already hold Ethereum.
So you should be able to trade just in that.
Why do you want to buy another token so that you can trade a community share for it?
We want to keep it as seamless for you as possible.
So, for example, the Uni token of Uniswap, it's not that you can only trade with the UNI token.
On Uniswap, you're still able to trade with USDT, USDC, and any coin of your choice.
So the same flexibility we want to offer here.
While creating the token allows you to actually have the ownership in the social protocol
and perhaps even part of some of its profits in the future when we do launch it.
But it wouldn't be necessary for trading purposes.
We'll still remain Ethereum, Shardium or whichever chain that we are building on, its native token would be used for any and all kind of trading.
That's great so it saves the users of dApps who are coming from those chains who hold
their tokens they don't have to buy a new token and it makes the whole process a lot easier
for everyone on dApps so that's Yeah, because the least friction that you have,
the more would you be able to actually participate, right?
If I have a friction in anything,
any task that I'm doing,
obviously I'm less likely to do it.
We're trying to eliminate as much friction as possible.
Absolutely.
That's great for the community to know.
So moving on to the next question about roadmaps and
milestones so roadmaps are always exciting could you share some key milestones you've achieved so
far and what the community should look forward to this year i'm sorry sorry i just completely
lost you can you please repeat the question sure so as I was saying that roadmaps are always exciting.
So could you share some key milestones and what the community should look forward to this year from DApps?
Yes. So it has only been a few weeks of launch and we already have mobile apps.
We are already trading with thousands and thousands of users.
We crossed the 20,000
mark recently. Next, what we are going to do is we actually did an on-chain vote for
which direction we should move forward with. And I'm happy to say that over 600 million
ROH tokens were staked in favor of that proposal and not a single one against it like the against part was zero so our
immediate next step is to go on uniswap so what that means is anytime anybody creates a token or
community token it's instantly tradable on uniswap and all the uniswap tools and plugins that other
developers are big you are able to actually use it. So that's an immediate release. It's going out in just a couple of days.
Immediately after that, we will be working on Shardium integration as soon as your unstable
net is out.
And beyond that, we are working on creating more creative-friendly tools that will allow
you to engage with your audience and grow with them.
Wow, that sounds like a big year ahead.
Plenty for the community to be excited about. That brings us to the last question about beginner friendliness. I know we already touched upon this topic, but for everyone who's listening,
is the platform beginner friendly or is it mainly suited for experienced crypto users?
See, when I shared the vision of DApps with my team, I simply told them that, you know, my father should be able to sign up on it from day one.
He doesn't know anything about, you know, blockchain and how bullets and any of that work.
He should be able to post on it. He should be able to post on it.
He should be able to trade the tokens.
So that was the vision behind it.
That should be so simple.
In fact, there's a popular book that says the same thing.
It's called The Mom Test.
But if it's so simple that your parents, your grandparents are able to use it,
utilize it and derive value from it.
So we are definitely for, you know, beginners that you download the
app, sign up, and you are just live. You don't have to learn any new skill, any terminology.
The blockchain works entirely in the background. It's invisible. So for example, as we are doing
these Twitter spaces, the internet is invisible, right? We don't have to learn about how the protocols,
HTTP, HTTPS, or any other protocol is working behind this quitter spaces working seamlessly.
We just know it works. So the same thing is with DApps, that once you download it and
start using it, you don't have to learn about anything else. You just start using it. It
just comes naturally to you.
That's reassuring.
So everyone who's new to Web3 or is exploring options and everything becomes really tech savvy.
So they have a little trouble joining the Web3 space,
those who are transitioning from Web2.
So that's the perfect platform.
So lowering the entry barrier is the best way to grow your user base. So that's the perfect platform. So lowering the entry barrier
is the best way to grow your user base.
So that's great.
Yep, I believe that for any platform to be successful,
you need two things for the behavior to form.
And that's first is the motivation
that I should be motivated enough to try out the product.
And second is the ability.
And ability involves all this tech jargon and all these tech skills, the
simpler it is, the more users are going to try it out. So for
example, you know, maybe a couple of years down the line,
we're going to see hundreds of 1000s of users daily
transacting on shardium, right? But they wouldn't know that
they're on shardium, shardium essentially would be in the
background, right and powering the entire creator economy.
Absolutely.
So thanks for sharing that, Mohit.
This has been such an insightful session.
A huge thank you to you and your team for joining us
and answering all the questions that we have.
So would you want to say any parting words
to the people who have joined in today?
Yes, first of all,
thank you so much for taking out
this valuable time of yours
to learn about DAX.
I would recommend you to try it out.
We right now have a promotion
going with Shardium,
where if you sign up using their invite code,
which is SHM,
you immediately get a 3x booster on road farming.
And Apoorva, you've been an excellent host.
Thank you once again for this amazing opportunity.
And double thanks for creating such an amazing technology
that is allowing us to scale the social platform
to where it actually should be.
Thank you so much, Mohit, for your kind words.
And for everyone listening, if you haven't explored dApps.co yet, now's the time.
I'll be dropping the link in the comments below so you can start owning your content and engaging with the communities today.
And I'll always thank you to the Shadium community for showing up and making these sessions so interactive.
If you have any questions, you can just drop them in the
chat below and we'll have the Dapps
team answer those.
Until next time, keep building, keep learning
and keep exploring the future of Web3.
Thanks again, Mohit, for joining
in. Thank you, everyone. Bye-bye.
Thank you. See ya.
