Sapien Network (SPN)
WHAT IS SAPIEN?
Sapien is a Web3 social network that enables meaningful conversations, data sovereignty, and economic empowerment.
Sapien is a democratized social network, with a rewards engine that gives users a voice in determining how rewards should be distributed. The platform is powered by the SPN token, used to reward users and increase capacity for action (posting and voting) on the platform. Sapien also has a vibrant staking economy, with more than 17.8 million SPN staked since launch.
Unlike other social networks, Sapien opts for Ethereum because of its strong community, technology, maturity, and transparency. With 4x more developers than any other crypto ecosystem, Ethereum is unparalleled in its decentralization and transparency.
Sapien wants to make a platform that truly serves the users and will empower communities to create their own decentralized governance frameworks based on consensus. Join the platform today to build the Web3 social network of the future!
WHAT MAKES SAPIEN STAND OUT?
As one of the largest Ethereum-based social networks, Sapien is one of the fastest-growing platforms in the space. Thousands of creators are receiving rewards for adding value to the platform. The Sapien user base spans over 140 countries and communities have formed around topics ranging from crypto to science to news and much more.
On a daily basis, 10,000 SPN tokens are distributed with community consensus using Sapien’s unique rewards engine. The staking process takes only a few seconds and its ease of use will be beneficial to mainstream users who are just entering the Web3 space. Earning rewards has never been easier!
The project has consistently been hitting milestones and has a talented team of engineers, entrepreneurs, and marketers that span the globe. Their advisory board includes Dr. Mihaela Ulieru, expert in distributed intelligent systems, Latif Nathani, Ex-CEO of eBay India, and Christian Ferri, Founder of Blockchain Compliance Foundation and CEO of BlockStar. The team has also begun ramping up marketing efforts to become the Web3 platform for the masses.
Our Vision
Sapien is a democratized, tokenized, reputation-based social news platform capable of rewarding millions of digital content creators without centralized intermediaries. Sapien is powered by a utility token, SPN, and built to provide a smooth user experience that delivers the benefits and power of the blockchain and decentralization to the masses.
Problem
According to a study done by Stanford University, there were over 30,000,000 fake items shared in the 2016 presidential race.26 In this era of fake news and alternative facts, it is not surprising that subscriptions for more reliable sources have been on the rise. The New York Times’ revenue, for instance, topped $1 billion for the first time in 2017.32 People need access to quality content without worrying about the authenticity of the publisher and journalists behind it. Revenue generation must shift from the manipulative “eyeball” business model to a more sustainable and robust model. Transparency is particularly essential in news, as news content directly influences the masses by motivating our beliefs and behaviors.
Sapien will leverage the blockchain technology in a multi-pronged attack against fake news:
Identity on the Blockchain
Reputation in Tribes
Something-at-Stake Design
Machine Learning
Wisdom of the Crowds
SPN Token Utility
SPN is used to, among other things:
Access the Sapien platform.
Reward digital content creators who generate quantifiable value, determined with the consensus of the community.
Allow holders to purchase physical and virtual goods, content, and services in a tokenized marketplace.
Share ad revenue with users who optin to see advertisements. By staking more tokens, users can earn a larger portion of the revenue they generate for Sapien.
Power a Democratized Autonomous Platform (DAP), enabling users to participate in organizational decisions and shape the product roadmap with a proposal system.
BUSINESS MODEL
Our goal is to create a sustainable business model that aligns the incentives and
priorities of SPN token holders, platform users, and company shareholders.
TOKEN SALE RECAP
We held our token sale from January 31, 2018 – February 15, 2018. Users
exchanged ETH for the SPN utility token, which gave access to the alpha version
of the Sapien platform.
Sapien’s crowdsale was a resounding success, raising over 12,000 ETH in just
two hours. In total, the team raised more than 20,000 ETH from over 5000 users
hailing from 142 different countries.
PRODUCT ROADMAP
2015
Idea behind Sapien
is conceived and
development begins
2016
Closed alpha is
launched, written with
full-stack javascript
2018
Sapien Token Sale
Q4
(Polaris Release) Revamped UI/UX and improved scalability
2019
Q1
Blockchain audibility,
cryptographically
signed actions
Q2
Wallet, Native Mobile
Apps, Reputation and
Proposal Testnet
Q3
SPN Platform
Tokenization
Q4
Network
Experimentation
Period
2020
Q2
Computation on
the Blockchain
Q4
Democratized
Autonomous
Platform
Team
Ankit Bhatia: CEO/Co-Founder
Robert Giometti: CPO/Co-Founder
Greg Parker: CTO
Jason Kirkpatrick: Director of Engineering
Aurélien Nicolas: Blockchain Advisor
Lynn Connolly: Compliance Advisor
Sabbir Ahmed Siddiquee: Software Engineer
Mahmoud Abed: Full-stack Software Engineer
Ethan Escareño Rosano: Lead Developer
Marco Tabasco: Blockchain Engineer
Advisors
Latif Nathani: Product & Marketplace
Gregory Berkin: Business & Marketing Strategy
Christian Ferri: Blockchain & Investor Relations
Adnan Javed: Blockchain Advisor
Gregory Berkin: Business & Marketing Strategy
Dr. Po Chi Wu: Blockchain & Fintech Expert
Conclusion
By eliminating transaction fees for users who have staked SPN on the platform, we will forgo profit to increase the utility and longevity of the SPN token. Our goal is to ensure that the growth of the platform and company are positively correlated. The Sapien marketplace will help establish the tokenized SPN economy, using the power of the Blockchain to unlock millions of dollars worth of virtual goods, content, and services.
For more information:
White paper : https://www.sapien.network/static/pdf/SPNv1_4.pdf
Telegram : https://t.me/sapienannouncements
Medium : https://blog.sapien.network/
Facebook : https://www.facebook.com/sapien.network/
Twitter : https://twitter.com/sapien_network
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