SAPIEN NETWORK: THE NEXT BIG THING
SAPIEN is a highly customizable and democratic social news platform capable of rewarding or rewarding millions of content creators and curators with no central intermediaries. Sapien is supported by an eligible cryptocurrency ERC20 called SPN. The Sapien Network will expand rapidly to include markets, various integrators, and third-party applications.
SPN is a flexible and compliant cryptocurrency with ERC20 that will provide incentives on quality content, reinforce all platform actions, and serve as our tokenized economic backbone. Once implemented, we believe that SPN will be one of the most tokens in the online space. The SPN Token will not only be very useful in the Sapien ecosystem, the SPN will also facilitate the manufacture and transfer of value inside and outside the plator.
With the Sapien platform the fake news will be greatly summed up with a secure identity in Blockchain and a broad reputation system. SPN will be the backbone of every social action and transaction that takes place, inculcating its growth potential in platelet expansion and adoption rather than frenetic bursts on the cryptocurrency market.
OBJECTIVES OF SAPIEN
Establish Evidence of Value Consensus Protocol In essence, the NES derives its value from the ability to collaboratively improve high quality content across the Sapien Network. Evidence of value mechanisms will drive quality and reward contribution for users.
As user contributors are evaluated across the network, they will collect scores that reflect their reputaton. This will allow specific domain / user experts to be reflected in their community. In Sapien, reputation will reduce trolling and reduce the spread of false news. The reputation system is attached to the SPN token and is therefore not limited to the Sapien platform.
The Core Value of Sapien
Democracy: Users should have public opinion about their community and should be encouraged to contribute.
Privacy: Targeted ads can be made but are inherently exposed as they exploit user data and violate user privacy.
Free Speech: The basic principle that should be protected online with annoying tools.
Customizability: Every user should be able to customize social experiences to their liking.
Key Features of Sapien
Public / Private Browsing
Customer.
Friends, Groups and Posts.
Rich Chat feature.
Encryption.
Very customizable.
SAPIEN MARKET OPPORTUNITY
Social media
There are currently over 2.3 billion users of social media and by 2020 there will be more than 3 billion. Man is a species that is inherently social; Thus, some forms of social media will continue to play an important role to move forward.
E-Commerce
According to Statista, the number of people who buy goods or services online will increase from 1.46 billion in 2015 to over 2 billion by 2020. Technologies such as Blockchain, IoT, and cloud computing radically alter how consumers will transact in the future .
How it works?
The content evaluation is done by global reputation system. Users content are evaluated by other users. Community helps distinguish valuable content. Their comments and likes add to the reputation score of the content and its creator. This score tells about a user’s expertise in particular domain.
Why current social media isn’t great?
- Sell private data: Current social media sells user data. From your interests to lifestyle information, everything is shared for cash. Most part of this happens without your consent.
- Fake News: There is no way to tell, if a news on social media is fake or not. Anyone can post any content on these platforms. Even worse, they can post the content anonymously.
- Lack of rewards: These platforms don’t incentivize users who create value. Even if they want to, they don’t have an effective system in place to do that.
ICO Details:
SPN is a flexible ERC20 token, which will be gas in the Sapien network. The token presale ends on 31st January 2018. You can participate by contributing with ETH or BTC. With Shapeshift, you can use alternative currencies too. Phase 1 of main sale happens during 3rd March to 3rd April. The hard cap for this phase is $30 million. On day 1, you enjoy a bonus of 30%. First week of phase 1 features handy bonus of 10%. The soft cap for the phase is set at 50 million SPN tokens. Participate early to combat steeply declining bonus rates.
For more information visit the links below
Website: http://www.sapien.network/
Whitepaper: https://www.sapien.network/#docSection
Announcement Thread: https://bitcointalk.org/index.php?topic=2739033
Twitter: https://twitter.com/sapien_network
Facebook: https://www.facebook.com/sapien.network
Telegram: https://t.me/SapienNetwork
Blog: https://blog.sapien.network/
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1082634