Sapien Network (SPN)
Hello everyone, this new post that I want to introduce about the Sapien project which is very interesting and good is and for more details, let's go to the following discussion:
https://www.sapien.network/?utm_source=ts&utm_medium=bitcointalk&utm_campaign=article
WHAT IS SAPIEN?
Sapien is a Web3 social network that provides meaningful conversations, sovereignty data and economic empowerment.
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.
Solution
Sapien will leverage the blockchain technology in a multi-pronged attack against fake news
:Identity on the BlockchainReputation in TribesSomething-at-Stake DesignMachine LearningWisdom of the CrowdsSPN Token UtilityTokens will exist in Staked and Unstaked forms. Staked tokens will provide users with platform functionality. Unstaked tokens can be held in external ERC-20 compliant wallets.
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.
The Sapien Platform
Sapien is a Web3 social news platform that gives users control of their data, rewardscontent creators, and fights fake news. Web3 technologies (e.g. blockchain, IPFS, webtorrents) will serve as the underlying infrastructure to create a highly customizable,democratized social network without centralized intermediaries.
The Sapien Network
The Sapien Network consists of the Sapien platform, marketplace, API integrations, and third-party applications, all connected and powered by SPN, an Ethereum-based utility token.See the accompanying graphic below for how Proof-of-Value works.
Core Values
DemocracyDemocracy users should have the final say over their communities and should be incentivized to contribute to them.PrivacyPrivacy targeted advertising is profitable, but inherently flawed because it exploits user data and infringes on user privacy.Free SpeechFree Speech is a fundamental principle that should be protected online with disruptive tools.CustomizabilityCustomizability each user should be able to tailor a social experience to their liking.
Key Features
Pseudonymous BrowsingInteract with communities on Sapien with your real identity or pseudonymously.SubscriptionsSubscribe to and join Tribes to stay up to date with the latest posts from your friends and people from around the world.Friends, Groups, and PostsAdd friends, create groups, share posts, write comments, and expand your horizons.Feature-rich ChatJoin text and voice channels with our powerful chat interface, providing a more dynamic and engaging user experience.EncryptionProtect your online privacy. Sapien protects your personaldata and offers encrypted chat conversationsHighly CustomizableEvery individual is unique. Have control over every feature and tailor your own social experience.
Establish a Proof-of-Value Consensus Protocol
At its core, SPN enables us to collaboratively distinguish high-quality content across the Sapien Network. Its built-in Proof-of-Value mechanism will promote quality contributions and reward users accordingly. As the contributions of users are evaluated throughout the network, they will accumulate a score that reflects theirreputation. This will allow a user’s domain-specific expertise to be reflected within their communities and Tribes. Within Sapien, reputation will mitigate trolling and reduce the spread of fake news. Reputation scores can be queried from the network and need not be restricted to the Sapien platform.
Build a Robust Marketplace and Incentivize User Contributions
Content creators should be rewarded fairly for their time and the original content they add to a platform. Users will be able to tip one another for posts or comments and even receive payouts in SPN from Sapien for posts that have created quantifiable value. By enabling users to pay each other in this manner, we will foster an environment that supportsquality content and liberates content creators from dependence on ad revenue.A decentralized marketplace is also planned in the roadmap to enable SPNholders to purchase exclusive premium content, services, physical merchandise,and virtual goods, including themes, integrations, and features.
BUSINESS MODEL
Our goal is to create a sustainable business model that aligns the incentives andpriorities of SPN token holders, platform users, and company shareholders.
TOKEN SALE RECAP
We held our token sale from January 31, 2018 – February 15, 2018. Usersexchanged ETH for the SPN utility token, which gave access to the alpha versionof the Sapien platform.Sapien’s crowdsale was a resounding success, raising over 12,000 ETH in justtwo hours. In total, the team raised more than 20,000 ETH from over 5000 usershailing from 142 different countries.
PRODUCT ROADMAP
2015Idea behind Sapienis conceived anddevelopment begins2016Closed alpha islaunched, written withfull-stack javascript2018Sapien Token SaleQ4(Polaris Release) Revamped UI/UX and improved scalability2019Q1Blockchain audibility,cryptographicallysigned actionsQ2Wallet, Native MobileApps, Reputation andProposal TestnetQ3SPN PlatformTokenizationQ4NetworkExperimentationPeriod2020Q2Computation onthe BlockchainQ4DemocratizedAutonomousPlatform
Our Team
Behind every great product is a great team
Ankit Bhatia: CEO/Co-FounderRobert Giometti: CPO/Co-FounderGreg Parker: CTOJason Kirkpatrick: Director of EngineeringAurélien Nicolas: Blockchain AdvisorLynn Connolly: Compliance AdvisorSabbir Ahmed Siddiquee: Software EngineerMahmoud Abed: Full-stack Software EngineerEthan Escareño Rosano: Lead DeveloperMarco Tabasco: Blockchain Engineer
Advisors
Latif Nathani: Product & MarketplaceGregory Berkin: Business & Marketing StrategyChristian Ferri: Blockchain & Investor RelationsAdnan Javed: Blockchain AdvisorGregory Berkin: Business & Marketing StrategyDr. 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.
To get even clearer information please visit the link below:
Website : https://www.sapien.network/?utm_source=ts&utm_medium=bitcointalk&utm_campaign=article
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
Youtube : https://www.youtube.com/channel/UCbHEEvTMypRrn9k-bmTTyqg
Author : ngkas.street
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2572352