Sapien’s decentralized marketplace will serve a key role in the tokenized economy on Sapien. The marketplace will enable SPN holders to purchase exclusive premium content, services, physical merchandise and virtual goods, including themes, integrations, and features.

Buyers & Sellers

Users will be able to purchase and sell physical and virtual goods, services and premium content on the Sapien marketplace using SPN tokens. Reputation scores will be integrated into the marketplace, enabling users to be confident that the vendor they are purchasing from is reliable.

Sapien

Sapien will charge a 1% transaction fee to buyers and sellers on the Sapien marketplace unless they have a certain threshold of staked SPN. The minimum threshold will initially be set at the equivalent of $20 worth of staked SPN. If a buyer or seller has staked at least $20, then they will pay no transaction fees from their behalf. If either party has less than the minimum threshold staked, they will be charged a 1% transaction fee.

Sapien’s marketplace will enable a wide variety of users to exchange goods, content and services. Below are two user stories pulled from the Sapien white paper that illustrate the ability to post premium content (a good) and web development (a service):

Name: Rahul

Background: Rahul, a passionate full-stack JavaScript developer based in India, enjoys building web applications for clients globally. He enjoys the flexibility of working on his own schedule and setting his own prices.

Problem: To list his services, Rahul uses Fiverr and Upwork, two popular freelancing websites. However, as a result of being centralized, both companies take as much as 20% commission on every job that Rahul performs. Rahul is frustrated by these excessive fees, and rightfully so.

Solution: Rahul learns about Sapien’s decentralized marketplace, where in addition to listings for physical goods and virtual commerce, he can also list his services with zero transaction fees. Payments are handled efficiently by the SPN token. He is also happy to notice that as he completes projects successfully, his reputation increases as a vendor. Sapien’s global reputation system lets other websites integrate the SPN token and view Rahul’s stellar reputation.

Name: Carlos

Background: Carlos is the chief Editor of a media publication called Now!. Now! is a publication focused on delivering high-quality, impact driven articles and papers about society. Carlos is an ambitious leader, who wants to rapidly grow the Now! digital user base.

Photo by Daniel Sevitt

Problem: Now! is finding it difficult to distinguish itself from the plethora of other publications in the market. Carlos realizes how hard it is to compete with prolific giants like NY Times and Buzzfeed. He knows that he must build the Now! brand and modernize his business to reach more users.

Solution: Carlos finds an untapped audience for his publication on the Sapien platform, where users can pay with SPN to subscribe to Now! Content. His team can set individual prices or subscriptions for articles, powered by the SPN cryptocurrency. Using the Unified Media Portal, Sapien users can organize their content in one place from Now! and other publications. Carlos is very excited to be at the frontier of media on the Blockchain and build a trusted brand on Sapien.

Conclusion

By eliminating transaction fees for users who have staked SPN on the platform, we will forgo profit to increase the utility and longevity of the SPN token. Our goal is to ensure that the growth of the platform and company are positively correlated. The Sapien marketplace will help establish the tokenized SPN economy, using the power of the Blockchain to unlock millions of dollars worth of virtual goods, content, and services.