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:
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.
Distribution of tokens
Allocation of Funds
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)
They are partnered with:
One major thing I noticed is the fact that the advisors are much stronger than the core team considering their individual networks.
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.
ANN (12 January 2018)
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