SAPIEN NETWORK
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.
SPN Token Sale - Token Allocation:
• 20% reserved for team and advisors (100M) » 6-month cliff with a 24-month vesting schedule
• 45% sold during Pre-sale and Token Sale Phase #1 (225M)
• 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. 6. 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
ROAD MAP
• 2015 - Idea behind Sapien is conceived and development begins
• 2016 - Closed alpha is launched, written with full-stack javascript 2017
• Q1 - Private beta launched with integrated chat and voice channels 2017
• Q2 - Transition from an end-to-end encrypted platform to Blockchain application 2017
• Q3 - Completed SPN white paper and begun Ethereum smart contract development 2017
• Q4 - Launch testnet faucet and showcase token in sapien.
• 2018 Q1 - Token Sale Phase #1 and implement payouts for creators and curators 2018
• Q2 - Increase brand awareness and begin porting Sapien platform to a DApp 2018
• Q3 - Incentivize network effects and revamp UI/UX for crypto novices 2018
• Q4 - Ramp up marketing efforts; acquire 10k new users per month
• 2019 Q1 - Build infrastructure for Democratized Autonomous Platform 2019
• Q2 - Roll out marketplace, premium content and features 2019
• Q3 - Open developer platform to third-party applications and integrations 2019
• Q4 - Optimize platform to scale and add 1M new users per month
• 2020 Q2 - Tokenize user data and extend token use to other websites 2020
• Q4 - Add 10 million new users per month
white paper : https://www.sapien.network/assets/SPNv1_2.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2739033.0
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1212157;