×
×
Market Cap:  $329,945,471,93324h Vol:  $101,967,538,465BTC Dominance:  58.4%Cryptocurrencies:  7,125Markets:  29,620

Sapien (SPN)

$0.004890 USD (-8.51%)
0.00000047 BTC (-4.55%)
0.00001430 ETH (-0.05%)
Buy
Exchange
Gamble
Earn Crypto
  • Market Cap
    $1,078,910 USD
    103.56871933 BTC
    3,155 ETH
  • Volume (24h)
    $? USD
    0.00000001 BTC
    0.00000001 ETH
  • Circulating Supply
    220,657,460 SPN
  • Total Supply
    500,000,000 SPN

About Sapien

What is Sapien?

Sapien is an Ethereum-based social network built for humans. Launched as an undergraduate project by Ankit Bhatia & Rob Giometti at UC Berkeley in 2017, Sapien is building a decentralized, private social network built on a foundation of independent, self-governing communities called Tribes which all participate in the SPN token economy.

The company is established on a principle of “Humans First,” which means Sapien will stand by these pledges:

  • Data sovereignty: as a social network, Sapien knows that privacy is paramount and will never collect personal data without consent
  • Self-governance: Sapien commits to give communities the tools they need to guide and protect their communities, so it will always be people who moderate and promote content, never an exploitable algorithm
  • Humanity: Sapien is built by humans for humans, not trolls or bots, and the platform aims to make it incredibly hard for malicious users or content to spread across the network

Sapien aims to build the first Web3 social network for mainstream users by building a familiar social user interface and experience and abstracting away the complexities of blockchain by implementing instant, gasless transactions for the end-user and by reinventing the wallet experience to be simpler and more intuitive.

Sapien aligns its business model with the best interests of its users, so its primary source of revenue is the nominal fees it applies to Charges and Rewards.

While Sapien was originally founded in the United States by Ankit & Rob, the team itself has grown to a team of 20, globally distributed across 10 countries.

What is the SPN token and how does it work?

The SPN token is an ERC20-compliant utility token that can be used to reward and recognize valuable contributions to the communities, subscribe or purchase access to content shared by creators, and to engage in social-powered e-commerce. With the SPN token, Sapien aims to democratize the power inherent to social media - social, economic, political, technological - by decentralizing the platform controls all the way down to community leaders, rather than a boardroom and a handful of executives.

Charging

One feature that separates Sapien from other social platforms is that content sorting is governed by a system of “Charges,” which are tokenized boosts users can give to posts and comments as a reward for their quality. Charges boost the presence of posts in user feeds and reward the post creator/commenter with SPN tokens within 24 hours of the Charge being given. This process gives monetary weight to the liking system commonly employed on social platforms and will enable creators to directly connect with and receive compensation from their audiences.

Staking

Sapien operates on a proof-of-value protocol. Users can stake their SPN tokens using the Sapien smart contract, which progressively unlocks the tokens over the course of a calendar year. Sapien employs a “Stake Rank” system which determines the platform fees charges to users at the points of Charging and collecting rewards, with the user staking more tokens than anyone else receiving the lowest fees and fees being assigned according to Stake Rank.

Sapien Price

Sapien Price$0.004890 USD
Sapien ROI
-35.40%
Market Rank#1079
Market Cap$1,078,910 USD
24 Hour VolumeNo Data
Circulating Supply220,657,460 SPN
Total Supply500,000,000 SPN
Max SupplyNo Data
All Time High
$0.018648 USD
(Aug 18, 2020)
All Time Low
$0.000251 USD
(Sep 19, 2018)
52 Week High / Low
$0.018648 USD /
$0.000810 USD
90 Day High / Low
$0.018648 USD /
$0.001651 USD
30 Day High / Low
$0.018648 USD /
$0.004793 USD
7 Day High / Low
$0.008586 USD /
$0.004793 USD
24 Hour High / Low
$0.008586 USD /
$0.004793 USD
Yesterday's High / Low
$0.005519 USD /
$0.005332 USD
Yesterday's Open / Close
$0.005518 USD /
$0.005337 USD
Yesterday's Change$-0.000181 USD (-3.28%)
Yesterday's Volume$0 USD
Sign up for our newsletter
Get crypto analysis, news and updates, right to your inbox! Sign up here so you don't miss a single one.