Not very likely. I have been searching the web and cannot find much information about this. I do know that there is a website set up here at https://www.sphere.social/hello/ where you can set up a profile very similar to facebook. It has a facebook look and feel. They also have a Mobile app. As of now these sites are not monetized.
GET FREE TOKENS
They sent me a link here https://sphere.social/?ref_code=5309-f870ffec to refer friend where my friend will get 100 free SAT ( Social media tokens) based on the Etherum blockchain. This is about $5 dollars worth. If you sign up for the link I will receive 100 free SAT also. Their ICO is in pre-sale right now and you can get all the info from the referal link. They claim that you can buy each SAT for $.05 US
ICO Presale
The ICO is supposed to take place by the end of this month.
Here is a quote from their site
About Sphere
Sphere is the new generation of social network.
We are creating a decentralized social network, separate from those corporations. You have a say, you get compensated, and above all you take back the power with every click and every social connection.
Sphere Network Ltd.
Limited company incorporated in United Kingdom with Req no. 10961486.<
You can read the Whitepaper here https://sphere.social/wp-content/uploads/2017/10/Sphere_Whitepaper_v1.3.pdf
IS THIS A SCAM?
Now I don't know squat about ICO's but something doesn't seem right to me here. Why are they keeping the development team a secret? Someone went to the trouble to develop a very nice API and mobile app and that's about it. There are a couple of media releases regurgitating the information on the Sphere site. The SPhere website is nicely done and there is a very good professional video. What happened? Did they run out of marketing money? The concept seems like a really good idea to me. I find a lot of Facebook users are reluctant to make the switch to steemit for two reasons 1.) Steemit is too complicated for them to use. 2.) because they are not content creators and just like to post nonsense and collect the gratification of the likes. The Sphere platform should work really well for them.
So while I do not feel comfortable investing into this ICO at this time I have no problem collecting free tokens and referring people to get their own free tokens. If you would like to get free tokens and help me get free tokens you can get them get them HERE . In the meantime if would appreciate if anyone could share information they have about this product and this ICO