Technology is changing the way that we live our lives. With the advances in technology we are enabled to complete more tasks in less time, and often times, with less effort and more productivity. But with these abilities, our interactions with other people have drastically changed. We have this thing called “Social Networking” or “Social Media” that allows us to communicate with a much broader group of people, but at what cost. Beginning with Facebook, Twitter and other popular sites, where every day we encounter different kinds of news or information published by users on these sites, nonetheless not all information in the site provides worthy and correct information, occasionally the user gets false information that should no need to publish. These sites only sell user data, and do not give them value according to the results they make, and these sites do not have a system that identifies false news or information, so many users do not get quality information.
So the Sapien recognizes this as a serious problem, and begin to design a platform that will makes available you with worth and high quality news or information and will provide you with incentives for valuable content that you generate on Sapien platform. I could type for 2,000 words about how technology has changed and effects social media, but that is not my primary purpose for this article. Today I want to look at what is Sapien and how Sapien affects us.
What is Sapien’s Advantages?
Sapien is offering a unique peer to peer Social media platform, which is decentralized. The contributors and curators of the community are rewarded for their service on the platform. The network is decentralized leading to no involvement of any intermediary between two people. The marketplace is created, where the quality contributors and curators are regularly rewarded. Their beta platform is live for people. The top qualities of the platform are mentioned below.
- Dual option for Browsing the network where you choose to declare your identity
- Option to subscribe to the quality post and updates from friends and family
- Add friends to the group and chat with family in a secure manner
- Highly customizable features where you can practically decide how you wish to present your profile or chat
- Developer Platform for app integration and development of a democratized community
- Online Marketplace to sell physical as well as virtual goods
- Establishing a proof of value consensus protocol to weed out the fake news and promote quality content with a reputation score
- World’s First democratized autonomous social network platform to promote and incentivize quality content creators and curators.
The sapien ecosystem is built around the principles of trust, security and transparency. The user has a right to vote in the development and decision making of the platform. This is first of its kind platform offering social congregation to the people of the world.
Core Values of Sapien
Democracy: Users should have a say in the communities that they are part of.
Privacy: Targeted advertising is inherently flawed because it exploits user data.
Free Speech: A fundamental principle that should be protected with disruptive tools.
Customizability: Each user should be able to tailor a social experience to their liking.
Key Features
Public/Private Browsing: Seamlessly switch between public and private modes to experience Sapien anonymously or with your real identity.
Subscriptions: Subscribe to branches to stay up to date with the latest posts from your friends and the world.
Friends, Groups, and Posts: Add friends, create groups, share posts, comments, and explore yourself.
Feature-rich Chat: Join text and voice channels with our powerful chat interface to provide a more dynamic and engaging user experience.
Encryption: Protect your privacy online. 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.
Market Opportunity
Social media
There are now more than 2.3 billion social media users and by 2020 there will be more than 3 billion. Humans are an inherently social species; therefore, some forms of social networking will continue to play an important role in the future.
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 such as Blockchain, IoT and cloud computing are radically changing the way consumers will transact in the future.
Intimacy
As shown in Figure 2.1 and 2.2, trends indicate a growing privacy problem and growing mistrust in the disclosure of personal information on social networks. These attitudes show that Internet users are increasingly concerned about privacy, but simply have no choice but to continue using the services they accumulate and benefit from their data.
Means of communication
The following Figures 3.1 and 3.2 clearly indicate a move towards higher digital expenditure and this clearly impacts media publishers. Sapien offers these creators the opportunity to transform their businesses digitally by offering consumers additional revenue streams to monetize and reduce losses.
Market
Users will be able to buy and sell physical and virtual products, services and premium content in the Sapien market using SPN tokens. Reputation scores will be integrated into the marketplace, allowing users to trust that the supplier they are buying from is reliable.
SPN Token Sale
Token Allocation:
- 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.
Token sale: Users can acquire SPN tokens to use on the Sapien platform immediately.
SPN Decimals: 18 — Initial Token Supply: 500,000,000 –
Growth Rate: All new tokens will be minted through Sapien and distributed to value creators at a controlled inflation rate.
More Information:
Website: https://www.sapien.network/
Facebook: https://www.facebook.com/sapien.network/
Twitter: https://twitter.com/sapien_network
My BCT link: https://bitcointalk.org/index.php?action=profile;u=1416848