Sapien SPN ICO: Social News Platform & Crypto Reward Program?
The cryptocurrency revolution is being extended to social networking by Sapiens using its token, SPN to enable the average person regain control over his or her social experience.
What Is Sapien SPN?
Sapien SPN is a network dedicated to satisfying the basic human need to socialize. Common social media platforms such as Facebook, Instagram, and many others are designed for this, but Sapien wishes to achieve this primary need of homo sapiens by using Blockchain technology.
Blockchain has gained its day in the spotlight as the technology that makes cryptography possible. Therefore, the Sapien team is out to combine the desire to interact within a social bubble with the power of the Ethereum Blockchain to better the experience of social network users.
The core values of Sapien are privacy, customizability, subscriptions to enable users to stay up to date, free speech, social interaction through posts, groups and friends and encryptions.
How Sapien Works
Achieving the ideals of Sapien is hinged on rewarding millions of content creators without any third party to create a flexible platform for all users.
Therefore, the platform will explore the Ethereum Blockchain (which also supports ETH) to support the SPN token created by Sapien. SPN, an ERC20 is built to spur content creators into originality and improvement while creating an economic system that makes social networking better for all participants and reduced the spread of fake news.
Sapien, using this blockchain shall establish that particular content is of high quality before going on to reward the creator. This constitutes its proof-of-value protocol. The network will then promote content deemed to be of good quality and other virtual goods while recording creators that consistently do well over time.
Other goods that will be promoted exclusively on the network are applications, certain physical goods. More so, users of the network will be able to tip one another for posts which in turn will create a selfless environment give creators some level of economic freedom.
Ideally, the SPN token won’t be restricted to just the Sapien platform, but it will give holders the opportunity to determine the direction of the platform. This is where the goal of social platform users regaining control comes to the fore. Users of the platform will be given
The Sapien SPN Token Team
The team is led by Ankit Bhatia and includes Robert Giometti, Martias Dorta, and Stefan Ionescu. The pre-sale stage of the tokens begins on January 31 to February 15, 2018, at 1 ETH= 4000 SPN.
Then the first phase of the sale will begin March 3 to April 3 at 1ETH= 3000 SPN. At this point, only 45% of the total supply of tokens will be available while 30% will be reserved for the platform, 5% will be for bounties, and 20% will go to the team.
Therefore, Sapien is set to usher in Web 3.0, an evolution of the world wide web that allows machines understand the user's inherent need. This goal will be made feasible by its token offering and will leave all users and creators satisfied and empowered.