SAPIEN SOCIAL NEWS 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.
The Sapien Platform is a decentralized social news platform built with Meteor.js, the recommended framework for Ethereum Dapps (Decentralized Applications). The Sapien Network is powered by the SPN token and includes the Sapien Platform, the decentralized marketplace, integrated third party applications, digital content creators, and media publications.
SPN is a cryptocurrency used in Sapien to reward users for their contributions. SPN can be freely exchanged between users within Sapien and traded on exchanges. 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.
SPN Token Sale-
20% reserved for team and advisors (100M) » 6-month cliff with a 24-month vesting schedule
2% sold during Token Presale (10M)
43% sold during Token Sale Phase #1 (215M)
Up to 5% distributed as Bounties (25M)
30% in Sapien reserve for future Token Sales and Airdrops (150M)
SPN Distribution: Smart Contract will distribute tokens after Token Sale Phase #1 is complete.
-Token Sale completion: 250,000,000 SPN tokens are distributed or April 3rd, 2018, whichever comes first.
-Unsold SPN: SPNs not sold in the Token Sale will be transferred to the Sapien reserve.
Tokens will exist in staked and unstaked forms. Staked tokens will provide users with platform functionality. Unstaked tokens will be listed on exchanges.
- The token will keep track of a reputation within each community the user is part of, accumulating a score that reflects their expertise and reduces the spread of fake news.
- Power a Democratized Autonomous Platform (DAP), enabling users to participate in organizational decisions and shape product roadmap with a proposal system.
- Allow holders to purchase physical and virtual goods, content, and services in a decentralized marketplace.
- Reward digital content creators who generate quantifiable value, determined with the consensus of the community.
- Share ad revenue with users who opt-in to see advertisements. By staking more tokens, users can earn a larger portion of the revenue they generate for Sapien.
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