SPHERE: A DECENTRALIZED SOCIAL NETWORK THAT LEVERAGES BLOCKCHAIN

Social media is no longer just a tool to keep friends and family updated. It is also now a growing tool for news, entertainment, etc. However, companies that own social media platforms are making so much profit off their users’ by selling off their personal data to bidders (most likely the highest bidder) so as to fund their operations. These companies are not philanthropic as they claim to be. They regularly come up with new innovations and upgrades yet they claim there is no catch for them. Users of social media platforms deserve to get a share from the wealth made from their data by owners of social media platforms, as these data in the first place belongs to the users. For this reason, Sphere has been built. Sphere’s revolution takes us back to the basics. Social media platforms should be built on the basis of transparency, privacy and data security. Sphere’s decentralized social network enables users to be in charge and get compensated on their social connections. Also, companies waste monies and efforts on unsolicited messages and advertisements on social networks which have been proven to be ineffective as they do not quite meet their targeted audiences, and companies pay advertisers huge advertisement charges. This leads to increased prices by these companies so as to make up for the loss from advertisements. To tackle this challenge, the Sphere platform will allow businesses to target their consumers directly. This prevents the browsing habits of social media network users being sold and enables companies to reach their target audience in terms of marketing.
This platform, Sphere, is in an open blockchain format and allows users to hold it liable for their data as well as connect with anyone they know without fear of safety and security. It also introduces a new way of marketing that guarantees mutual benefit in the buyer-consumer chain, thereby creating a better method of conducting business transparently. Sphere’s revolution comes with a new form of cryptocurrency called Social Activity Token (SAT) which can be used to fund grassroot campaigns, movements and to reach larger audiences. In essence, SAT is designed for usage within Sphere. An open offering is being held by Sphere to launch this revolution thereby setting a model for the value of Social Activity Tokens. Sphere plans to create an advertising portal which will enable users to create adverts that will be displayed in the news feed on the Sphere platform. Users can pay for advertising space using the SAT tokens, and there will be per-click and per-impression options for users to choose from. Advertisement costs will be automatically deducted from the advertisers’ web wallet.

ADVANTAGES OF THE SPHERE NETWORK
• Sphere has a segregated cloud server environment that is guarded with the use of first class security systems
• Our strategic plan makes our users and token holders our utmost priority
• Our experienced and capable team can manage business challenges and complex technologies
• Sphere offers global anonymous transactions
• Sphere will offer its users superior experience and customer support
In order for the Sphere network to grow rapidly, we plan to incentivize Sphere users to submit their data.

SAT TOKEN
The SAT token is based on the ERC20 standard with a total token supply of 1 billion SAT. 650 million SAT is available for sale and all unsold and unallocated tokens will be destroyed. Crowdsale starts on 12th February, 2018 (UTC 21:00) and runs through till 9th April, 2018 (UTC 21:00) at the cost of 1 SAT to $0.14. The softcap is $1.5 million which has been achieved, and the hardcap is $40 million. Accepted currencies are Litecoin, Dogecoin, Fiat, Ethereum, Bitcoin.

TOKEN DISTRIBUTION

65% - Token sale
17% - Network growth
9% - Company
1% - Advisors & Managers
8% - Bounty

FUNDS ALLOCATION

60% - Development
15% - Marketing
5% - Legal
15% - Company
5% - Security

ROADMAP
2016 – Sphere development starts
Q1 2017 – Ground work preparation for ICO
Q2 2017 – Further application development
Q3 2017 – ICO marketing
Q4 2017 – ICO Pre-sale starts
Q1 2018 – ICO crowdsale starts. Backend update and security integration
Q2 2018 – Advertisement platform
Q3 2018 – Sphere marketplace
Q4 2018 – Complete trustless and decentralized social network
Into the Future – More features coming (Auction system, Third party integration, etc.)

TEAM
Andrew Khong – CEO
Robert Tomkins - Tech Project Manager
Andy Fuhr - System Engineer
Jessica Thoennes - Community Manager
Tamara Mihajlovic - Customer Support
Edwin Kinoti - Blockchain Researcher and Writer
Marinelle Rademan - Investor Relations Specialist
Ivan Karp - Marketing Manager
Tamara Petrusevska - Social Media Manager
Matvey Hodovanyuk - Software Engineer

ADVISORS
Michael Arbach - Technical Advisor
Amy Roiland
Boyan Josic
Rob Rukstalis

For more information on our unique project and to connect with other participants across the globe, please feel free to click on any of the following links;
ANN thread: https://bitcointalk.org/index.php?topic=2437581/
Website: https://www.sphere.social/
Telegram: https://t.me/sphere_official1
Twitter: https://twitter.com/SphereOfficial1
Facebook: https://www.facebook.com/SphereSocialNetwork
Whitepaper: https://sphere.social/wp-content/uploads/2017/12/Sphere_Whitepaper_v1.7.4.pdf

Published by: charleyles
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1344011
Ethereum wallet address: 0x69C516900e939e97C7c60Ca59bdaF15295556838