SPN tokens need to be staked on the platform to receive rewards for quality contributions and to increase the portion of ad revenue a user can earn. This partnership is accompanied by the Sapien “Alpha Persei” release, an enhanced version of its platform with new features including Rewards Engine V3, user-to-user chat, improved user interface, and much more. This allows users to stake their SPN tokens and as a result, we are able to align the interests of the Sapien platform and our community.
In order to maximize cash-back rewards, Fluz Fluz users must invite friends, share content and grow their networks. By expanding their social media networks, users can earn more than 8% cash back on personal and network purchases. Blockchain’s ledger technology has the ability to completely upend the media and social media industries.
SPN derives its value from its ability to collaboratively distinguish high quality content. Implement mechanisms to promote quality contributions and reward users accordingly. Contributions are evaluated throughout the network, accumulating domain-specific reputation score.
Sapien positions itself as a blockchain-based social media alternative
The Proof-of-Value protocol is Sapien’s method for identifying and rewarding quality content while diminishing the influence of trolls and reducing the spread of fake news. Sapien’s reputation system provides the backbone for the Proof-of-Value protocol. User’s reputations change as their contributions are evaluated by the community.
Exclusive: Blockchain-Based Social Network Overhauls Platform, Partners With Matic
A multitude of theories behind human intelligence suggest how fundamental social networks have been to the evolution of our species, Homo Sapiens. Whereas thousands of years ago the primary objective of interaction was survival, we now interact for numerous reasons, ranging from business to pleasure. Companies like Reddit and Facebook have enabled us to continue this ancient practice of socializing, while simultaneously driving open-source innovations like React.js and GraphQL. Bitcoin is the first successful implementation of a borderless, cryptographical store of value enabling us to discreetly send funds to another person.
is offering a Web 3.0 social news platform with the aim of giving users control of their data, rewarding content creators, and preventing fake news. After completing their ICO, the team of about 20 has focused heavily on UX development and blockchain partnerships in recent months. Currently, Sapien is building out partnerships with Portis.io to bring the wallet experience into the platform and Matic Network to make exchanging tokens and rewards completely free to the user. For Sapien, the SPN ERC20 token and the platform’s functionalities provide a glimpse of what’s possible with Web 3.0 social media. Fake news will be greatly mitigated with secure identities on the Blockchain and an extensive reputation system.
The former still gives people the full experience except that their dashboard would be devoid of ads. The latter allows them to enter into the ad revenue sharing program thus enabling ads to be presented to them. Here, they can share some or all their data with advertisers and they can earn SPN based on how many tokens they stake and what data they share. This gives them, not Sapien, control over their privacy and their own personal data.
We intend to build a democratized social platform that truly serves its users, fueled by a flexible cryptocurrency, SPN, built on the Ethereum Blockchain. SPN is a flexible, ERC20-compliant cryptocurrency that will incentivize quality content, power all platform actions, and serve as the backbone of our tokenized economy.
This will help reflect their expertise and reduce the spread of fake news. They will also allow token holders to vote in decision-making to determine feature development.
Yet it was Satoshi Nakamoto’s brilliant idea behind the coin, the Blockchain, that has opened the floodgates of innovation. Immutable, hashed data is stored in blocks that are chained together to create a distributed database, secured with cryptography.
The Sapien Platform
As a tokenized social platform, Sapien rewards millions of digital content creators without centralized intermediaries; offering a democratized approach to content creation. This collaboration with Matic Network will allow Sapien Network to build its social network on a scalable, low-cost sidechain. Users can expect up to 100x reduction in cost and transfer speed once on Matic. Already, Sapien Network has more than 18 million of its SPN tokens staked in its vibrant ecosystem.
People want to go where other people are, which can be difficult to achieve. However, Sapien has already built one of the largest Ethereum-based social network communities with tons of quality original content on the platform.
- Whereas thousands of years ago the primary objective of interaction was survival, we now interact for numerous reasons, ranging from business to pleasure.
- A multitude of theories behind human intelligence suggest how fundamental social networks have been to the evolution of our species, Homo Sapiens.
Sapien is looking to create a decentralized Web 3.0 social news platform that allows the user to take back control of their social experience, rewards content creators and fights fake news. Users will hold the keys to their data and determine who they share it with. Content creators own their content posted on the Sapien platform and they’ll also be fairly rewarded for it.
Sapien will also enable storage and verification of user identities on the blockchain, greatly reducing the ability of malicious agents to spread misinformation. For several years now, people have slowly begun to realize that Web 2.0 social media platforms are broken. Fake news, content censorship, lack of content creator compensation, and improper data usage are just a few of the many problems that have plagued major platforms. Sapien is an excellent example of a Web 3.0, blockchain-based social news platform aiming to solve these issues. The Sapien network will rapidly evolve to include a marketplace, various integrations, and third-party applications.
Within Sapien, reputation will mitigate trolling and reduce the spread of fake news. Reputation is inherent to the SPN token and thus not restricted to the platform. It heralds a revolutionary blockchain social news platform, built on Web 3.0, that returns control of personal data to its users, incentivizes them to create high-quality content monetization, and reduces fake news. Sapien is a Web3 social network that gives users control of their data, rewards content creators, and fights fake news.
Our goal is to create a SPN token economy ecosystem which will include millions or even billions of users. Sapien is an autonomous social network that gives token holders power over the direction of the platform and a voice in decisions, feature development and even marketplace rewards. Sapien is a decentralized news platform connecting and rewarding those who create content and those who consume and curate it. It uses a system token called the SPN, which is an ERC-20 utility token, to power all platform functions and reimburse users.
Token holders will also be able to purchase both physical and virtual goods, content and services in an ecosystem without middlemen. And of course the tokens will be used to reward content creators, curators and to distribute ad revenue to users who opt-in to see advertisements. Blockchain social networks like Sapien therefore offer a compelling future for fair and transparent cryptocurrency rewards and content monetization. SPN is a utility token that can be used to access the reputation-based Sapien platform and decentralized marketplace allowing users to buy virtual and physical goods, advertisements, premium content and services.
Reputation is specific to communities within Sapien, allowing users to accumulate a score that reflects their domain-specific expertise. Content posted by users, utilizing Sapien’s stance detection algorithm, is weighed by their reputation when evaluating for fake news.
Users will have a vested interest in creating quality content on the platform or risk losing their staked SPN. We allow users the option to browse the platform anonymously or the option to opt in and share their data.
Sapien is creating a tokenized, democratized, reputation-based social news platform that will give users back control of their data, rewards content creators, and fights fake news. Steemit rewards users for quality content and Synereo hopes to create an attention economy infrastructure. What we are trying to create with Sapien is a tokenized, decentralized, reputation-based social news platform that not only will reward users for quality content, but also let them share ad revenue and fight fake news. No other platform is taking this route to fundamentally disrupt existing mass-market platforms. Sapien is a highly customizable, democratized social news platform capable of rewarding millions of content creators and curators without any centralized intermediaries.
In the future, Sapien plans to use tokenized rewards to compensate platform users who choose to watch advertisements in addition to the myriad other ways to earn cryptocurrency. And, the more the community likes your post, the more you earn cryptocurrency, which will both grow the Sapien platform and incentivize users to make high-quality content. But the platform itself is much more than just a virtual bulletin board. Powered by the SPN token (more on that below), Sapien offers users a variety of token rewards. The ability to toggle between public and private browsing means that users can visit and interact with content as themselves or anonymously.
How Users Are Earning Cryptocurrency On Sapien
Content creators will truly have a viable means of earning rewards without being exploited by centralized entities. Users will finally have a real voice in collaborating and shaping the community they want to be part of. The tokens will keep track of a user’s reputation in every community they interact with.
Sapien’s current engine includes an impressively smooth user experience. Users can stake SPN tokens and receive tokenized rewards for creating content, leaving comments, and voting on posts. This results in an interesting dynamic as users on Sapien can quickly monetize their content without a centralized authority taking half the profits. SPN will be the backbone of every social action and transaction that happens, embedding its growth potential in the expansion and adoption of the platform instead of any arbitrary fluctuations in the crypto market.
This new technology has begun to disrupt everything from healthcare to banking to consumer apps. Our team believes it is now feasible to combine the innate human desire for social networks with the immense power of the Blockchain to give each individual unprecedented control over their online social experience.