There has been a tremendous rush of Token Sales in 2017 which has attracted mainstream media attention. People unfamiliar with Blockchain technologies have been enticed to take notice due to the massive amount of capital being invested in this technology at an exponential pace.

Capital raising has never been this decentralized before.

While Blockchain startups race to prove value in the coming years through mass adoption of promised use cases, the foremost use case associated with Blockchain startups which has been tried and tested to work is Token Sales.

Increasingly, the crypto-community has begun to realize just how many ICOs are simply money grabs filled with false promises. Often times these scam ICOs promise unbelievable returns, marketing the company’s “utility” token as a cryptocurrency that everyone should “hodl” because it will go to “moon.”

This sort of branding has been largely toxic in the crypto space, emphasizing short-term returns instead of showcasing legitimate use cases for the disruptive technology that is Blockchain.

So it really shouldn’t be surprising the SEC freezes the funds of companies like Plexcoin who promise “investments in PlexCoin would yield a 1,354 percent profit in less than 29 days.”

Crypto investors have (rightfully) become more discerning when it comes to making investments in young companies. We must conduct our due diligence.

Here are a few red flags to avoid:

No company track record: If a company hasn’t been around that long, what makes you think the founders or team will be committed to the project?

Outsourced white paper on Fiverr. What’s the point of starting a Blockchain venture if you cannot clearly communicate and stand by your motivations, vision, and endgame?

Basic tokens sold to the public. Anyone with even a bit of patience can scrap together their own shitcoin with short-term profits in mind.

No community backing. A project is only as good as its supporters. Always check a company’s organic support on Slack, Discord, or Telegram.

What makes Sapien stand out:

We have been working on this project since 2015 with the same core goal: building a democratized social platform that empowers users.

with the same core goal: building a democratized social platform that empowers users. Blockchain isn’t just something we threw in. It is the perfect tool for a transparent, distributed, censorship-immune social platform that is capable of rewarding network participants.

Technical founders with computer science backgrounds from UC Berkeley, a top Engineering school in USA.

Founders developed the platform and wrote the white paper themselves.

Sapien Platform Github (private repo)

Beta is live with over 30,000 lines of code . The Sapien Platform is stable, and integrated with the SPN token on the testnet.

. The Sapien Platform is stable, and integrated with the SPN token on the testnet. Strong, organic community on Telegram with 1900+ users and growing.

and growing. Meaningful partnerships, press coverage, and a genuine mission.

Majority of SPN tokens given to public contributors or through secondary distribution channels to align the values of network participants.

Team will have a 6-month cliff and 2-year monthly vesting schedule to execute on our promises.

Strong team of experienced advisors to guide a successful token sale, Blockchain implementation, and key business decisions.

Okay…so why 30M?

Blockchain startups have adopted diverse strategies to determine the hard cap of token sales. While most startups have taken a path to raise funds to sustain themselves for a few years, others have taken the route of raising hundreds of millions of dollars which may appear to be unnecessary for development in the eyes of technology enthusiasts and blockchain influencers.

Sapien intends to raise $30 million and has taken a balanced and transparent approach to further enhance functionality, business, legal and marketing operations for four years. With the raised funds Sapien will further develop the application, decentralized marketplace, ad revenue sharing business model, and developer platform.