Sapien Network ICO Review: Moderates Quality Content for Users

sapien network ico review

Sapien is a social news platform capable of rewarding millions of content creators and curators without any centralized intermediaries. Sapien aims to incentivize creators to produce high-quality content by rewarding users with SPN.

A user’s contributions within Sapien are evaluated by other users, accumulating a reputation score, that reflects their expertise in a domain. The Sapien Network will allow a community to distinguish valuable content, limiting the influence of trolls and the spread of fake news.

SPN token is now live on the Rinkeby and Ropsten Ethereum Testnet.

Here are some key points about the Sapien Network ICO and their platform:

Market Opportunity

They are targeting social media platforms, incentivizing users to curate content that is good quality to reduce “fake news.” Social media giant-Facebook is worth approximately $550 billion and represents a large portion of the social media market which Sapiens aim to disrupt.

Crowd Sale

Distribution of tokens

45%

30%

20%

5%

Crowd sale

Reserve

Team

Bounties

Allocation of Funds

55%

10%

5%

15%

15%

Development

Security Audits

Legal

Marketing

Admin

Team

They are a team of 6:

Ankit Bhatia, CEO

Robert Giometti, CPO

Matias Dorta, Head of Marketing

Stefan Ionescu, Blockchain expert

Aurelien Nicolas, CTO

Christoher Lee, Marketing

They have 6 advisors:

Latif Nathani (strong advisor in my opinion)

Christian Ferri

Greg Berkin

Adnan Javed

Mihaela Ulieru

Raghu Bala

They are partnered with:

Net Objex

Wilmer Hale

One major thing I noticed is the fact that the advisors are much stronger than the core team considering their individual networks.

Opinion

Sapien has a strong and well connected advisory board and it’s targeting a large market although they are entering a highly competitive space, and do not have any network effects in their favor. An implied market capitalization at the time of ICO of $30million seems high, given they do not have any users yet.

Links

Site

Twitter

Instagram

Facebook

Medium

ANN (12 January 2018)

Github

Reddit

Linkedin

Whitepaper

One pager

That sums up my Sapien Network ICO review. Would you rather invest in Sapien than in a mainstream cryptocurrency like Bitcoin? Leave a comment below to share your thoughts.

Featured image by Sapien Network

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