A Letter From The Sapien Team:

Hello Sapien Community!

The team wants to thank all of you again for your continued support throughout this entire process. We have accomplished so much together as a community and we are just getting started.

One of our main goals at Sapien has been, and will continue to be, to create a model for other token sales to follow. To meet our standards, abiding by regulations and staying legally compliant is our highest priority. In light of a recent outreach by a regulator regarding our token sale, we have made the difficult decision to delay the unlocking of the SPN tokens, expected to be released June 14, 2018.

Staying legally compliant has many benefits for both our community and the blockchain ecosystem at large by setting an example for other blockchain companies to follow. We want to to ensure we meet our regulatory obligations because we have a long term view of Sapien and we will ensure we maintain the highest levels of integrity and confidence with the regulatory bodies. We believe that this prudent decision to delay the unlocking of the tokens is best for Sapien, SPN holders, and our community in the long run, and we are committed to cooperating fully with the regulator’s requests for information.

The team is moving forward to turn this setback into a positive. This extended period of time is going to give us a chance to work on community engagement and feedback for the Beta, token related-platform features, and optimizing token integration for the next version of Sapien.

The delay in unlocking the token does not affect the release of the Sapien Beta on April 30, 2018, which will be exclusive to pre-sale contributors. Our Beta will be live April 30th at 7pm EST and pre-sale contributors with SPN in their wallet will be able to access the Beta platform, create a username, and join the fun!

Further instructions on how to create an account and access the Beta will be released in the next few days leading up to the opening of the platform.

Sapien Rewards Program

We are allocating an additional 60,000 SPN to the Sapien Rewards Program that will take place from April 30th to June 14. This program is an initiative to support quality content created by members on the Beta and offer a chance to our early adopters on the platform to participate in SPN content giveaways.

SPN from the Rewards Program will be awarded to content creators via community vote and Sapien team vote.

Sapien Mobile App V1

We are also proud to announce the release of the Sapien Mobile App on June 14th. The mobile app will open up Sapien to a brand new market of mobile social network users and expand on our desktop platform user base. A mobile version is key to Sapien’s growth. Web 3.0 on Desktop + Mobile = Perfection.

Community members on the platform will be working in unison with the Sapien team to create the best possible release on June 14th. Together, we can work together to add value to the Sapien Network by creating a vibrant community with fantastic content leading into our public release, mobile app, and the unlocking of the token.

Thank you for your patience and understanding and we look forward to seeing all of you on the Sapien Beta, April 30th at 7pm EST!

Rewards Program Article: https://blog.sapien.network/sapien-content-creator-reward-program-fc34211549b7

Last but not least, our CEO Ankit Bhatia, recorded a personal message addressing everything mentioned above. You can watch the video message below: