Hello guys, Chiristina again.. Today i am introduce you one of the most creative and revolutionary project among all others. It’s called “SAPIEN”. Let’s find out…
WHAT IS SAPIEN..?
All the human beings who live out there in the world are dealing with the need to socialize. This can be considered as the main reason behind the popularity of prominent social media networks such as Instagram and Facebook. However, these social media networks are not in a position to offer a complete socialization experience to the people in need. That’s where Sapien Network comes into play. It has the ability to take human socialization into a whole new dimension with the assistance of Blockchain technology. Therefore, all the people who are looking forward to socialize will be provided with a promising future by Sapien Network.
The Sapien is a blockchain based, decentralized social news platform powered by Ethereum ecosystem. This platform rewards its users without the intervention of any third party. The platform has been developed on following core values.
- Democracy — Users should have the final say over their communities and should be incentivized to contribute.
- Privacy — Targeted advertising is profitable but inherently flawed because it exploits user data and infringes on user privacy.
- Free Speech — A fundamental principle that should be protected online with disruptive tools.
- Customizability — Each user should be able to tailor a social experience to their liking.
SAPIEN has five main functionalities:
- Public/Private — Browsing Seamlessly switch between public and private modes to experience Sapien with your real identity or anonymously.
- Subscriptions — Subscribe to branches to stay up to date with the latest posts from your friends and people around the world.
- Friends, Groups, and Posts — Add friends, create groups, share posts, write comments, and expand your horizons.
- Feature-rich Chat — Join text and voice channels with our powerful chat interface, which provides a more dynamic and engaging user experience.
- Encryption — Protect your online privacy. Sapien protects your personal data and offers encrypted chat conversations.
- Highly Customizeable — Every individual is unique. Have control over every feature and tailor your own social experience. …and much more
How does 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.
This will make the platform to explore the Ethereum blockchain (that supports ETH) and will also 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.
Promotions of certain applications and physical goods will be exclusive to the network. 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.
About Token Sale
- Name - SPN Token
- Platform -Ethereum
- Accepting -ETH, BTC
- Soft cap - 50000000 SPN
- Hard cap - 30000 ETH
- The pre-ICO begins on January 31, 2018 and ends February 15, 2018. The base rate for the pre-ICO includes a 20% bonus compared to the ICO. There is an additional bonus incentivizing large contribution amounts:
> $250,000 = 25% bonus
> $100,000 = 15% bonus
> $50,000 = 7% bonus
> $10,000 = 3% bonus
There are a total of 10,000,000 tokens available during the presale, with no minimum goal. Presale tokens will be distributed once the ICO ends. The pre-ICO token price will be calculated closer to the pre-ICO.
- Crowdsale begins on March 3, 2018 and ends April 3, 2018. There is a hard cap of $30,000,000, that if reached will end the ICO immediately. Ether, Bitcoin and other cryptocurrencies through a Shapeshift.io integration are accepted as contribution. The final token price will be calculated closer to the start date of the ICO. The minimum goal is 50,000,000 SPN, which if not reached, will initiate a refund process. There is a bonus structure incentivizing early contribution that is as follows:
> Day 1 : 15% bonus
> Week 1 : 10% bonus
> Week 2 : 3% bonus
Distribution Of Token
- 20% of SPN will be locked in a smart contract for the founders and team, subject to a 6-month cliff and 24 month vesting period.
- 30% will go to our platform reserve which will be distributed to augment platform growth, distributed via Sapien, or burned to control inflation.
- Up to 5% will be reserved for our bounty program, contingent on the total number of participants in the campaign.
2015 Idea behind Sapien is conceived and development begins
2017 Q1 — Private beta launched with integrated chat and voice channels
Q2 — Transition from an end-to-end encrypted platform to Blockchain application
Q3 — Completed SPN white paper and begun Ethereum smart contract Q4 — Development Launch testnet faucet and showcase token in Sapien
2018 Q1 — Token Sale Phase #1 and implement payouts for creators and curators
Q2 — Increase brand awareness and begin porting Sapien platform to a DApp
Q3 — Incentivize network effects and revamp UI/UX for crypto novices
Q4 — Ramp up marketing efforts; acquire 10k new users per month
2019 Q1 — Build infrastructure for Democratized Autonomous Platform
Q2 — Roll out marketplace, premium content and features
Q3 — Open developer platform to third-party applications and integrations
Q4 — Optimize platform to scale and add 1M new users per month
2020 Q2 — Tokenize user data and extend token use to other websites
Q4 — Add 10 million new users per month
The Sapien SPN Team
“The team is led by Ankit Bhatia and includes Robert Giometti, Martias Dorta, and Stefan Ionescu”.
Ankit Bhatia - Co-Founder and CEO
Robert Giometti- Co-Founder and CPO
Matias Dorta — Marketing Strategy
Stefan IonescuL — ead Solidity Dev
Aurélien Nicolas — Security Expert
Christopher Lee — Branding & Community
Official Website : http://www.sapien.network/
Whitepaper Link : https://www.sapien.network/assets/SPNv1_0.pdf
Telegram : https://t.me/SapienNetwork
Official Facebook : https://www.facebook.com/sapien.network
Official Twitter Page : https://twitter.com/sapien_network
Author By: Christina Handley
profile link : https://bitcointalk.org/index.php?action=profile;u=1179313