SAPIEN A Blockchain Based Social Media Platform
Hello buddy everything and cryptocurrency lovers or investors, this time I will introduce a new project which is in ICO SAPIEN project .
What is SAPIEN ?
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
Friends, Groups and Posts.
Rich Chat feature.
SAPIEN MARKET OPPORTUNITY
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.
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 .
Such trends indicate increased privacy concerns and increased distrust to disclose personal information on social media. These attendees show Internet users are increasingly concerned about privacy, but have no choice but to rely on services that hoard and support their data.
Beta Platform Live SAPIEN
Token Sale and Pre-Sale SAPIEN
Total Token: 500,000,000
– Maximum Distributed SPN: 10,000,000
– Exchange Base Rate Token: 1 ETH = 4,000 SPN
– Crypto received: ETH
– Tiered Investment Structure:
> $ 500k: + 40% (1 ETH = 5,600 SPN)
> $ 250k: + 25% (1 ETH = 5,000 SPN)
> $ 100k: + 15% (1 ETH = 4,600 SPN)
> $ 50k: + 7% (1 ETH = 4,280 SPN)
> $ 10k: + 3% (1 ETH = 4,120 SPN)
<$ 10k: No Bonus
– SPN Distribution: Smart Contract will distribute the tokens for Token Sale Phase # 1 completed.
– Presenting Minimum Goals: There is no minimum.
Sales Phase Token # 1
– Maximum Distributed SPN: 215,000,000
– Crypto received:
ETH: supported with Natvely.
BTC: Not fully supported. Contributors will be asked to get the Ethereum address. The BTC address will be created and tied to the Ethereum address. Once BTC is received, the SPN will be sent to the Ethereum address.
Non-Ethereum based Cryptocurrency: Supported through https://shapeshift.io .
– Exchange Base Rate Token: 1 ETH = 3,000 SPN
– Bonus Structure:
Day 1: + 15% (1 ETH = 3,450 SPN)
Week 1: + 8% (1 ETH = 3,240 SPN)
Week 2: + 3% (1 ETH = 3.090 SPN)
Week 3+: No Bonus.
– Publishing Level: All new tokens will be distributed to value creators in Sapien
– Minimum Destination: 50.000.000 SPN
Fund Allocation (2018 – 2022)
Administrative: To ensure daily operations run smoothly as the project grows.
R & D: Development of NES, including core team and community developers. Funds will be liquidated in R & D: as our corporate milestones are met.
Marketng: We will encourage the growth of organic communities and launch incentvized referral programs. Thus, we have a smaller market budget than other similar companies. Traditional media channels and Sapien will be used to reach our user base.
Law: Compliance with the SEC and other regulatory entities will be a top priority for our tokens. Our budget is allocated to include new regulatory laws and new regulations that apply to NES.
Security Audit: A separate budget has been allocated to constantly audit new smart contracts developed by our team, both for NES and Sapien platinum signs.
45%: NES made during the sale of our tokens will be made available to contributors who send ETH to a smart contract address.
20%: SPN will be locked in a smart contract for the founders and team, subject to the 6 month and 24 month vesting period.
30%: will go into the Sapien reserves to be distributed at Token # 2 Sales Stage to add platform growth, distributed through Sapien, or burned to control the flow.
Up to 5%: will be booked for our bounty program, depending on the number of participants in the campaign. Details of participation will be released in a separate document.
Qualification for the Sapien Payment Platform
As the platform grows, requirements will be tailored to the best interests of platorm and users.