What if you get rewarded for Social Media experience? this is all about it SPN is a flexible, ERC20-compliant cryptocurrency that will incentivize quality content, power all platform actions, and serve as the backbone of our tokenized economy. SPN derives its value from its ability to collaboratively distinguish high quality content. Implement mechanisms to promote quality contributions and reward users accordingly. Contributions are evaluated throughout the network, accumulating domain-specific reputation score. Within Sapien, reputation will mitigate trolling and reduce the spread of fake news. Reputation is inherent to the SPN token and thus not restricted to the platform.
A multitude of theories behind human intelligence suggest how fundamental social networks have been to the evolution of our species, Homo Sapiens. Whereas thousands of years ago the primary objective of interaction was survival, we now interact for numerous reasons, ranging from business to pleasure. Companies like Reddit and Facebook have enabled us to continue this ancient practice of socializing, while simultaneously driving open-source innovations like React.js and GraphQL. Another example of the earliest social activity is payments. Bitcoin is the first successful implementation of a borderless, cryptographical store of value enabling us to discreetly send funds to another person. Yet it was Satoshi Nakamoto’s brilliant idea behind the coin, the Blockchain, that has opened the floodgates of innovation. Immutable, hashed data is stored in blocks that are chained together to create a distributed database, secured with cryptography. This new technology has begun to disrupt everything from healthcare to banking to consumer apps. It is quite likely that we are witnessing the early stages of Web 3.0. Our team believes it is now feasible to combine the innate human desire for social networks with the immense power of the Blockchain to give each individual unprecedented control over their online social experience. We intend to build a democratized social platform that truly serves its users, fueled by a flexible cryptocurrency, SPN, built on the Ethereum Blockchain.
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.
Quick Run Through the Summery of Sapien’s
Establish a Proof of Value Consensus Protocol
SPN derives its value from its ability to collaboratively distinguish high quality content
Implement mechanisms to promote quality contributions and reward users accordingly
Contributions are evaluated throughout the network, accumulating domain-specific reputation score
Within Sapien, reputation will mitigate trolling and reduce the spread of fake news
Reputation is inherent to the SPN token and thus not restricted to the platform
Launch the first Democratized Autonomous Platform
Create a truly autonomous social network by giving SPN holders real power over the direction of the platform
Give users a voice via our proposal system in organizational decisions, feature developments, and marketplace rewards
SPN stakeholders will be in a unique position to suggest and prioritize milestones
Cultivate a passionate and engaged community that evolves its values over time
Build a Robust Marketplace and Incentivize User Contributions
Creators and Curators will receive payouts for content that have created quantifiable value
Users will be able to tip one another for posts and comments
Foster an altruistic environment that will support quality content and liberate creators from dependence on ad revenue
Launch a marketplace to enable SPN holders to purchase exclusive physical and virtual goods
Power Future Applications on the Sapien Network
Build out a Developer Platform powered by SPN to offer users app integrations and permit external apps to leverage our user base
Launch Sapien API to integrate applications with SPN, allowing users to exchange and make purchases with a unified currency
Tether virtual items in integrated applications with the real world value of SPN
Establish a global reputation network on integrated platforms to fight fake news anywhere
Be a part of Sapien
Website : https://www.sapien.network
Whitpepar : https://www.sapien.network/#docSection