Drinking list
Sapien network

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.

Core Values
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.

WHY CONTRIBUTE?

Once implemented, they believe that SPN will be one of the most versatile tokens in the online space. Not only will
the SPN token be immensely useful within the Sapien ecosystem, SPN will also facilitate creating and transferring
value within and beyond the platform. Fake news will be greatly mitigated with secure identities on the Blockchain
and an extensive reputation system. 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. 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. By leveraging the latest Blockchain technologies, they can work together to build a platform that is immune
to censorship, guards their free speech, respects their privacy, and persists content throughout humanity’s existence.

MARKET OPPORTUNITY

Social Media
There are currently over 2.3 billion social media users and by 2020 there will be more than 3 billion. Humans are an
inherently social species; thus, some form of social media will continue to play an important role moving forward.

E-Commerce
According to Statista, the number of people buying goods or services online will increase from 1.46 billion in 2015
to more than 2 billion in 2020. Technologies like Blockchain, IoT, and cloud computing are radically changing how
consumers will transact in the future.

Privacy
As shown by Figure 2.1 and 2.2, trends indicate a rising privacy concern and a rising distrust of disclosing personal
info on social media. These attitudes show internet users are increasingly concerned with privacy, yet simply have
no option but to continue using services that hoard and profit of their data.

SPN TOKEN

In order to encourage stability of the SPN token, the longevity of its platform, and the curation of good content,
Sapien will allow tokens to be staked to access social features on the platform. SPN tokens can be staked for a period
of 1 year. Staked tokens can be used to upvote content, vote on proposals, submit new proposals, tip, and access
premium branches, and much more. On the other hand, unstaked tokens are liquid: unstaked SPN will be easily
transferrable out of Sapien and tradable on exchanges. Staked SPN tokens do not necessarily get consumed in platform transactions. Rather, consider them “locked up” for platform actions. For example, the platform will at first require 10 staked SPN to make a new post on the platform.
Initially, exactly 10 SPN will be returned to the user at the end of the voting period for the post. When SPN payouts
are integrated, it would then be possible for the user to receive back more than 10 staked SPN. However, if the user
posts illegal content or violates community guidelines, it would be possible to penalize the malicious user by freezing
their staked SPN.

 

If you want more information, visit the WEBSITE and read the WHITEPAPER.

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