SAPIEN — DECENTRALIZED SOCIAL NEWS PLATFORM
WHAT IS SAPIEN PLATFORM?
Sapien is a highly customizable, democratized social news platform capable of rewarding millions of content creators and curators without any centralized intermediaries. Sapien is powered by an ERC20 compliant cryptocurrency called SPN. The Sapien network will rapidly evolve to include a marketplace, various integrations, and third-party applications. With Sapien, you can perform some key features below:
Public/Private Browsing: Seamlessly switch between publicand private modes to experienceSapien with your real identity oranonymously
Subscriptions: Subscribe to branches to stay up todate with the latest posts from yourfriends and people around the world.
Connect friends, groups, and posts: Add friends, create groups, share posts, write comments, and expandyour horizons.
Feature-rich Chat: Join text and voice channels withour powerful chat interface, which provides a more dynamic andengaging user experience.
Encryption: Protect your online privacy. Sapien protects your personal data and offers encrypted chat conversations.
Highly Customizeable: Every individual is unique. Havecontrol over every feature and tailoryour own social experience.
Sapien use SPN token as an unit cryptocurrency. SPN used to reward users for their contributions. SPN can be freely exchanged between users within Sapien or held in any ERC20-compliant wallet. SPN can be used for social actions (posting, comments, voting, etc.), purchasing physical or virtual goods on the Sapien marketplace, and to purchase premium content. SPN will be awarded to quality content creators within Sapien, and will track a user’s reputation as their contributions are evaluated.
TOKEN SALE
Presale:
Dates: January 31 — February 15
Token Exchange Base Rate: Phase #1 rate +20% (final exchange rate will be fixed closer to presale)
Currencies Accepted: ETH
Tiered Contribution Structure:
$250k: +45%
$100k: +35%
$50k: +27%
$10k: +23%
<$10k: +20%
Token Distribution: Smart Contract will distribute tokens after Token Sale Phase #1 is complete
Minimum Presale Goal: No minimum
Token Sale Phase #1
Dates: March 3 — April 3
Total Hard Cap (in USD): $30,000,000
Currencies Accepted: ETH, BTC
Alternative cryptocurrencies: Supported via Shapeshift.io
Token Exchange Base Rate: Final exchange rate will be fixed closer to presale
Bonus Structure:
Day 1: +15%
Week 1: +10%
Week 2: +3%
Week 3+: no bonuses
Issuance Rate: All new tokens will be distributed to value creators within Sapien
Minimum Phase #1 Goal: 50,000,000 SPN
Allocation of Funds (2018–2022)
Administrative: To ensure day-to-day operations run smoothly as the project grows.
R&D: Development for SPN, including core team and community developers. Funds will be liquidated as our company milestones are met.
Marketing: We will encourage organic community growth and launch an incentivized referral program. Thus, we have a much smaller marketing budget than other similarly situated companies. Traditional media channels and Sapien will be used to reach our user base.
Legal: Compliance with the SEC and other regulatory entities will be a top priority for our token. Our budget is allocated to cover existing and any new regulatory laws applicable to SPN.
Security Audits: A separate budget has been allocated for continually auditing any new smart contracts our team develops, both for the SPN token and the Sapien platform.
Distribution of Tokens
45% of SPN created during our token sale will be reserved for contributors who send ETH to the smart contract address.
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.
HOW TO REGISTER FOR THE SPN TOKEN SALE?
Step 1: Join our Telegram group at https://t.me/SapienNetwork
Step 2: Create a new account in their portal at https://tokensale.sapien.network/portal/
Step 3: Verify your Telegram Account
You should see this screen after signing in:
After you verify your telegram account, you should see the following
Step 4: Submit your KYC
After you successfully submit your KYC form, you should see the following:
Click Verify identity. You should see a modal popup:
Complete the Onfido KYC steps until you finish:
Step 5: Wait for the pre-sale to begin!
When the pre-sale begins, there will be a unique address in that green box for you to contribute to.
Do NOT send funds to any other address. Do NOT share your address with anyone else.
TEAM
SPN is an ambitious vision. It will be developed by experienced engineers and guided by knowledgeable advisors who are eager to make a social cryptocurrency a reality. Below is a picture of their leading team members. For the rest of the team, please take a look at their official website:
Advisors:
Website: https://www.sapien.network
Whitepaper: https://www.sapien.network/assets/SPNv1_2.pdf
Bitcoin talk: https://bitcointalk.org/index.php?topic=2739033
Author:
Bitcointalk user name: kld_hp