Sapien is a social news platform capable of rewarding millions of content creators and curators without any centralized intermediaries.. Sapien Network ICO rating – not rated.
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Ended ICO : 20/03/18 – 03/04/18
About Sapien Network ICO (token sale)
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.
1. Democracy – Users should have the final say over their communities and should be incentivized to contribute.
2. Privacy – Targeted advertising is profitable but inherently flawed because it exploits user data and infringes on user privacy.
3. Free Speech – A fundamental principle that should be protected online with disruptive tools.
4. Customizability – Each user should be able to tailor a social experience to their liking.
The primary focus after the SPN token sale will be to securely and accurately implement the proposed utility of SPN. At the same time, the success of the Sapien platform is essential to the longevity of the SPN token. Thus, it is necessary to create a sustainable business model that aligns the values of SPN token holders, platform users, and company shareholders.
Buyers & Sellers
Users will be able to purchase and sell physical and virtual goods, services and premium content on the Sapien marketplace using SPN tokens. Reputation scores will be integrated into the marketplace, enabling users to be confident that the vendor they are purchasing from is reliable.
Sapien will charge a 1% transaction fee to buyers and sellers on the Sapien marketplace unless they have a certain threshold of staked SPN. The minimum threshold will initially be set at the equivalent of $20 worth of staked SPN. If a buyer or seller have staked at least $20, then they will pay no transaction fees from their behalf. If either party has less than the minimum threshold staked, they will be charged a 1% transaction fee.
Token Sale Phase #1
– Total Hard Cap (in USD): 30,000 ETH
• ETH: Natively supported
– Token Exchange Base Rate:
1 ETH = 6000 SPN
– Bonus Structure:
- March 20 – March 21: +15%
- March 22 – March 23: +12%
- March 24 – March 25: +9%
- March 26 – March 27: +6%
- March 28 – March 29: +3%
- March 30 – April 3: no bonuses
– Issuance Rate:
All new tokens will be distributed to value creators within Sapien – Minimum Goal: 50,000,000 SPN