SAPIEN

democratized 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.

Power Future Applications on the Sapien Network

As Blockchain applications become the new standard, Sapien will build out a development platform powered by SPN to offer users a wide variety of app integrations and permit external apps to leverage our user base. We intend SPN to function as a unified currency for all in app purchases on integrated apps. New applications will be able to integrate with SPN easily through the Sapien API allowing users to exchange and make purchases with SPN. The unified market created by SPN will tether virtual items purchased inside integrated applications to the real world value of SPN creating a new dimension of interactions between users on applications integrated with SPN. Lastly, our goal is to establish a global reputation network on all SPN integrated platforms to fight fake news everywhere.

Sapien Contribute

Once implemented, we believe that SPN will be one of the most versatile tokens in the online space. Not only will the SPN token be immensely useful within the Sapien ecosystem, SPN will also facilitate creating and transferring value within and beyond the platform. Fake news will be greatly mitigated with secure identities on the Blockchain and an extensive reputation system. SPN will be the backbone of every social action and transaction that happens, embedding its growth potential in the expansion and adoption of the platform instead of any arbitrary fluctuations in the crypto market. Content creators will truly have a viable means of earning rewards without being exploited by centralized entities. Users will finally have a real voice in collaborating and shaping the community they want to be part of. By leveraging the latest Blockchain technologies, we can work together to build a platform that is immune to censorship, guards our free speech, respects our privacy, and persists content throughout humanity’s existence. Now is the time

Rewards for Posting, Commenting, and Voting Rewards

We believe that users should be rewarded for creating quality content. In order to achieve this, we will award the majority of newly minted SPN to users who post, comment, and vote on the Sapien platform. In order to receive rewards for creating a post, comment, or vote, a user must first stake SPN on the platform. To create a post, comment, or vote without earning rewards, no staked SPN is required; in this case, all SPN generated will go towards the platform reserve.

All newly minted SPN will be distributed to users making contributions on the Sapien platform and validators who verify transactions on the Blockchain

Market Opportunity

Social Media

There are currently over 2.3 billion social media users and by 2020 there will be more than 3 billion. Humans are an inherently social species; thus, some form of social media will continue to play an important role moving forward.

E-Commerce

According to Statista, the number of people buying goods or services online will increase from 1.46 billion in 2015 to more than 2 billion in 2020. Technologies like Blockchain, IoT, and cloud computing are radically changing how consumers will transact in the future.

Privacy

As shown by Figure 2.1 and 2.2, trends indicate a rising privacy concern and a rising distrust of disclosing personal info on social media. These attitudes show internet users are increasingly concerned with privacy, yet simply have no option but to continue using services that hoard and profit of their data.

Media

Figures 3.1 and 3.2 below clearly indicate a move towards more digital spending and this clearly impacts media publishers. Sapien offers these creators an opportunity to have a digital transformation of their businesses by offering consumers additional revenue streams to monetize and reduce losses.

Marketplace

Buyers & Sellers

Users will be able to purchase and sell physical and virtual goods, services and premium content on the Sapien marketplace using SPN tokens. Reputation scores will be integrated into the marketplace, enabling users to be confident that the vendor they are purchasing from is reliable.

Sapien

Sapien will charge a 1% transaction fee to buyers and sellers on the Sapien marketplace unless they have a certain threshold of staked SPN. The minimum threshold will initially be set at the equivalent of $20 worth of staked SPN. If a buyer or seller have staked at least $20, then they will pay no transaction fees from their behalf. If either party has less than the minimum threshold staked, they will be charged a 1% transaction fee.

Presale

Maximum SPN Distributed: 10,000,000Token Exchange Base Rate: 1 ETH = 4,000 SPNCurrencies Accepted: ETHTiered 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)

*SPN Distribution: Smart Contract will distribute tokens after Token Sale Phase #1 is complete.

Minimum Presale Goal: No minimum

Token Sale Phase #1

Maximum SPN Distributed: 215,000,000Currencies Accepted:

-ETH: Natively supported.

-BTC: Not natively supported. Contributor will be asked for an Ethereum address. A BTC address will be generated and bound to the Ethereum address specified. Once BTC is received, SPN will be sent to the Ethereum address specified.

-Non-Ethereum based cryptocurrencies: Supported via https://shapeshift.io

Token Exchange Base Rate: 1 ETH = 3,000 SPNBonus 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 bonuses

Issuance Rate: All new tokens will be distributed to value creators within SapienMinimum Goal: 50,000,000 SPN

Team

Ankit Bhatia, Co-founder & CEORobert Giometti, Co-founder & CPOStefan Ionescu, Lead Solidity DevMatias Dorta, Marketing StrategyChristopher Lee, Marketing ManagerAurelien Nicolas, Security ExpertAndy Boot, Head of OperationsOliver Dinsmore, Content Strategy

Here are explanations from me and for more information please visit some of the following websites:

Website: https://www.sapien.network

White Paper: https://www.sapien.network/assets/SPNv1_0. pdf

ANN: https://bitcointalk.org/index.php?topic=2710218.0

Facebook: https://www.facebook.com/sapien.network

Twitter: https://twitter.com/sapien_network

Telegram: https://t.me/SapienNetwork

Blog: https://blog.sapien.network/?gi=b1f1fd7d6876

Reddit: https://www.reddit.com/r/sapien/

YouTube: https://www.youtube.com/watch?v=LMXq-_bAs5g&feature=youtu.be

Creative: 

Wong linglong3

https://bitcointalk.org/index.php?action=profile;u=1229230