SAPIEN – Building a Global Reputation Network

SAPIEN – Building a Global Reputation Network to Combat False News

Sapien is a highly customizable, democratized social news platform that can reward millions of content creators and curators without any centralized intermediaries. Sapien works from crypto-currency compatible with ERC20, which is called SPN. The Sapien network will grow rapidly, including the market, various integration and third-party applications.

Power Future Applications on the Sapien network

Since Blockchain applications will become the new standard, Sapien will build an SPN-based development platform to offer users a wide range of applications and allow external applications to use our user base. We intend that SPN will function as a single currency for all when buying applications in integrated applications. New applications can easily integrate with SPN through the Sapien API, allowing users to share and make purchases using SPN. A single market created by SPN will tie virtual items purchased inside integrated applications to the real cost of SPN, creating a new aspect of interaction between users in applications integrated with SPN. Finally,

Sapien Contribute

After implementation, we believe that SPN will become one of the most universal tokens in the online space. Not only will the SPN token be extremely useful in the Sapien ecosystem, SPN will also facilitate the creation and transfer of value within the platform and beyond. Counterfeit news will be significantly mitigated with the help of reliable identifiers in Blockchain and an extensive reputation system. SPN will become the basis of all social activities and transactions that occur, implementing their growth potential in the expansion and adoption of the platform instead of any arbitrary fluctuations in cryptoresources. Content creators will indeed have viable ways of obtaining rewards without being exploited by centralized objects. Finally, users will have a real voice in collaboration and community formation, in which they want to be a part. Using the latest Blockchain technologies, we can work together to create a platform that is immune to censorship, protects our freedom of speech, respects our privacy and preserves content throughout humanity. Right now

Awards for sending, commenting and voting

We believe that users should be rewarded for creating quality content. To achieve this, we will award most new SPN users to users who publish, comment on and vote on the Sapien platform. To receive a reward for creating a post, comment or vote, the user must first put the SPN on the platform. To create a post, comment or vote without getting a reward, no SPN assigned is required; in this case all generated SPN will be directed to the platform’s reserve.

All new SPNs will be distributed to users contributing to the Sapien platform and validators who check transactions on Blockchain.

Market opportunities

Social media

Currently, more than 2.3 billion users of social networks, and by 2020 there will be more than 3 billion. People are by nature social types; thus, some forms of social networks will continue to play an important role in moving forward.

E-commerce

According to Statista, the number of people buying goods or services on the Internet will increase from 1.46 billion in 2015 to more than 2 billion in 2020. Technologies such as Blockchain, IoT and cloud computing are drastically changing as consumers will carry out transactions in the future.

Confidentiality

As shown in Fig. 2.1 and 2.2, trends point to growing concerns about privacy and growing distrust of disclosure of personal information in social networks. These views show that Internet users are increasingly concerned about privacy, but simply do not have the opportunity, except how to continue to use the services that accumulate and benefit from their data.

mass media

Figures 3.1 and 3.2 below clearly state that the move to more digital costs and this clearly affects media publishers. Sapien offers these creators the opportunity to digitally transform their business by offering consumers additional revenue streams for monetization and loss reduction.

market square

Buyers and sellers

Users will be able to purchase and sell physical and virtual goods, services and premium content on the Sapien market using SPN tokens. Reputation ratings will be integrated into the market, which will allow users to be sure that the supplier they are buying is reliable.

Sapien

Sapien will charge a commission of 1% to buyers and sellers in the Sapien market if they do not have a certain SPN threshold. The initial minimum threshold will be set at the SPN equivalent of $ 20. If the buyer or seller has delivered at least $ 20, they will not pay a commission for the transaction on their behalf. If each of the parties is less than the established minimum threshold, they will be charged a transaction fee of 1%.

Pre-sale

Maximum SPN distribution: 10,000,000

Basic token exchange rate: 1 ETH = 4000 SPN

Accepted currencies: ETH

Multilevel structure of investments:

> $ 500k: + 40% (1 ETH = 5 600 SPN)

> $ 250k: + 25% (1 ETH = 5000 SPN)

> $ 100k: + 15% (1 ETH = 4600 SPN)

> $ 50k: + 7% (1 ETH = 4,280 SPN)

> $ 10k: + 3% (1 ETH = 4 120 SPN)

* SPN distribution: Smart Contract will distribute tokens after the completion of the sale phase of token # 1.

Minimum goal of pursuit: there is no minimum

Stage of sale of the token №1

Maximum SPN distribution: 215,000,000

Accepted currencies:

-ETH: supported internally.

-BTC: Not supported. The participant will be asked to enter the Ethereum address. The BTC address will be generated and bound to the specified Ethereum address. Once the BTC is received, the SPN will be sent to the specified Ethereum address.

-Non-Ethereum, based on crypto-converters: supported via https://shapeshift.io

Basic exchange rate of tokens: 1 ETH = 3000 SPN

Bonus structure: • Day 1: + 15% (1 ETH = 3,450 SPN) •

-Week 1: + 8% (1 ETH = 3,240 SPN)

-Week 2: + 3% (1 ETH = 3,090 SPN)

-Week 3+: no offers

Release rate: all new tokens will be distributed among the creators of value in Sapien

Minimum target: 50,000,000 SPN

command

Ankit Bhatia, co-founder and CEO

Robert Jometti, Co-Founder and CPO

Stefan Ionescu, lead author of Dev

Matias Dorta, Marketing Strategy

Christopher Lee, Marketing Manager

Aurelien Nicolas, security expert

Andy Booth, Head of Operations

Oliver Dinsmore, Content Strategy

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