Coin Spotlight: Sapien Network

The Web 3.0 social news platform that gives users control of their data, rewards content creators and fights fake news.

What is Sapien?

Sapien is a decentralized social news platform built on Ethereum and advocating free speech, privacy, and democracy. The initial idea was built to combat the problems and abuses trending in current social media ecosystems such as fake news, bots, trolls, and censorship. Current social platforms have shown the inability to protect their users from exploitation and to keep their data secure. Sapien wants to return the control of the social experience back to the users and incentivize them to contribute positively to the social media landscape.

The Sapien ecosystem is rooted in four core values:

Democracy Privacy Free Speech Customizability

The platform is currently live and users can post everything from articles, videos, and images all in one place instead of having to sign up for multiple social accounts. Interaction with the content and other users can be achieved through a public or private profile. Other functionality includes the ability to add friends to your network, create groups and/or tribes, and share and comment on posts. To learn more about Sapien’s latest Polaris release, please view the explainer video below:

To experience Sapien, anyone can sign up to the platform on their website.

Proof of Value

The Proof-of-Value protocol is Sapien’s approach to distinguishing and rewarding valuable content while preventing the spread of fake news and content that does not align with the values of the community. They plan on accomplishing this by utilizing a reputation system, machine learning, identity verification, and Something-at-Stake Design. The unique Something-at-Stake Design allows users to perform actions on the platform after they have staked a minimum number of SPN tokens as collateral. This system discourages trolls and incentivizes the creation of high-quality content while vouching for its truthfulness and value.

SPN Utility Token & Token Rewards Engine

Sapien is backed by SPN, an ERC20 utility token, that powers many of the social actions on the platform. SPN exists in both staked and unstaked form. The more SPN a user stakes on the platform, the more rewards are received from the Token Rewards Engine from their social activity.

The Token Rewards Engine is built to compensate content creators and active members of the Sapien community. Original content, likes, comments, and shares reward a user’s time and resources for actively contributing to the ecosystem so as long as the community deems it to be valuable.

Coinplan is very excited to feature Sapien because their platform has the potential to change the way the world interacts online. You can view Sapien inside Coinplan’s Alliance Portfolio here and headlining the Social Portfolio here.

To learn more about Sapien, please take a look at these helpful links:

Sapien Website

Sapien Encyclopedia

Twitter