The Sapien ICO brings the chance to invest in a decentralized social news platform, using the tagline “take back control over your social experience.” It aims to reward millions of content creators and curators without the need for any sort of centralized authority or intermediaries. The pre-sale of tokens begins on January 31 and will run through to February 15. The basic details of this ICO allow us to get a better understanding of its chances of being a success and of making money for the people who choose to invest in it.
Project Use Case
The Sapien white paper covers a number of different use cases to show what their network could do to make social news better. The first one is about fake news and how they have a three-pronged approach to cutting it out. The next use case comes in the form of a "unified media portal" that should help people avoid the hoop of signing up and paying for subscriptions on various news sites. Finally, the last use case is called tokenizing virtual goods. This will be done by creating a marketplace in which many different virtual goods can be bought and sold by users.
Sapien Team Overview
The team that is working on Sapien is varied and appears to provide a suitable mixture of skills for the challenges ahead. Ankit Bhatia is the co-founder and CEO. He comes from a strong background in development and cryptocurrencies.
Sapien Team ICO
Also in the team is Robert Giometti, who is the CPO and co-founder, with a background in mathematics and electrical engineering and computer science. Matias Dorta is in charge of marketing strategy and he comes to Sapien from a political science and marketing career.
Also on the team is Stefan Ionescu, as lead Solidity developer, with experience in blockchains and machine learning models. Aurélien Nicolas is their security expert, and Christopher Lee is the head of PR.Another important role in this project is taken by the advisors. They are listed on the official Sapien site as being Latif Nathani, Christian Ferri, Gregory Berkin, Adnan Javed, Dr Mihaela Ulieri, and Raghu Bala.
How Does The Token Work
The SPN token can be used in a number of ways. For instance, they can be staked for a period of a year, allowing the user to vote, submit, and carry out other actions. In fact, this is one of the big differences from many other blockchain projects, as the tokens aren’t just for spending but also for being locked up in this way.
There will also be a way of simply transferring tokens, as well as a marketplace where they can be used to buy products. This is a flexible, ERC20-compliant cryptocurrency that is designed to be easy to use and store. You can see on the Sapien website how the total number of tokens will be split up. 45% of the tokens created during the token sale will be put aside for the people to use their ETH to set up a smart contract, while 20% will be locked up for the founders and the team on a 24 month vesting period and a 6-month cliff. Another 30% will be on the platform reserve for the second phase of the token sale, while 5% will be put aside for the bounty program.
Sapien ICO Token Allocation
What Do Investors Gain
This is an interesting way for investors to try and make money while taking part in an ICO that could bring an exciting new approach to social news. As is typically the case with this kind of project, the main hope for investors is that the tokens become far more valuable as they are used by increasing numbers of people.
The way that SPN tokens can be locked up rather than spent is an intriguing way of working and it will be interesting to see how it affects the value of the platform’s currency over time.
With dozens of ICOs coming out each week, we've put together an oversimplified 9 step framework on how we evaluate ICOs. Download it and start your ICO investing with a no-bullsh*t resource. The white paper for Sapien certainly does a good job in letting us see the potential for this project to be a success. By combining Blockchain technology with social networks, they promise to give the world something different which could be exactly what is needed right now. Of course, you will come across similar risks as on most ICOs, but it is still important to be aware of them. The risk of the platform being hacked or illegally accessed is one concern, and it is addressed in the white paper with some comments on what has been done to secure the system.
Public/Private Browsing - Seamlessly switch between public and private modes to experience Sapien with your real identity or anonymously.
Quick Summary of Sapien
Subscriptions - Subscribe to branches to stay up to date with the latest posts from your friends and people around the world.
Friends, Groups, and Posts - Add friends, create groups, share posts, write comments, and expand your horizons.
Feature-rich Chat - Join text and voice channels with our powerful chat interface, which provides a more dynamic and engaging user experience.
Encryption - Protect your online privacy. Sapien protects your personal data and offers encrypted chat conversations.
Highly Customizable - Every individual is unique. Have control over every feature and tailor your own social experience.
Moreover-Sapien
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 SPN token is the required utility token to access the Sapien platform. Users can receive SPN for creating high-quality content, curating, and viewing advertisements on Sapien. In order to receive payouts for creating content or curating, a user must stake some SPN. When a user stakes SPN, it will be locked for the duration of the staking contract and unable to be exchanged. SPN can be exchanged between users for micropayments and in the Sapien marketplace to purchase goods and services. The SPN token will also be used to give users a voice in the Democratic Autonomous Platform and in Sapien communities by creating a proposal system to influence the direction of the product and organization.
To be a part of Sapien Full ICO Review
Website - https://www.sapien.network/
Blog - https://blog.sapien.network/
ANN thread - https://bitcointalk.org/index.php?topic=2739033
Facebook - https://www.facebook.com/sapien.network
Twitter - https://twitter.com/sapien_network
About me ,
Bitcointalk name - rathnayake
bitcointalk link - https://bitcointalk.org/index.php?action=profile;u=1503176
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