Sapien is ongoing blockchain project which advertises as a social news platform. After learning and expanding more details about Sapien the idea of this platform is not just a rival of social news platform but also larger social platforms like Reddit and others.
Sapien is a decentralized social news platform on which users can upload content and interact with other users’ content. But unlike other social platforms like Facebook and Twitter, each Sapien user has a reputation. This reputation is determined by other users in the community and is based on the value of their content (i.e. factuality, writing quality, etc.). Thus, users who spread fake news or poor-quality content will have lower reputations. Those with strong reputation scores will be rewarded with SPN. All reputation scores are stored using blockchain, meaning no single entity or third party determines who can and can’t use the platform.
During a December Blockchain Technology panel, CEO and co-founder Ankit Bhatia spoke about the inspiration for Sapien. “We wanted to reinvent social from the ground up,” he said. He and his co-founder Robert Giometti aimed to do this through two core functions.
First, they decided to tackle the spread of fake news. “According to a study by Stanford, there were 30 million fake news items shared during the 2016 campaign. Regardless of your political beliefs, this is something that needs to be addressed,” Bhatia said. They also wanted to reward people for producing and sharing quality content, which is where SPN comes into play.
SPN is an ERC20-compliant token that powers every action on Sapien. Once users with high reputation scores are rewarded with SPN, they can use it to purchase both physical and virtual goods through Sapien. They can also purchase content and services from Sapien’s official partners. The Sapien API powers users’ ability to make SPN purchases beyond the platform.
The Sapien API, also referred to as the Sapien digital wallet, enables users to exchange and buy applications that incorporate Sapien’s technology. This means external companies can incorporate SPN as a form of payment. Users can also buy and exchange other digital currencies through Sapien.
For some companies like Sapien, their tokens can only be used on the platform, but the value doesn’t translate to real-world purchases. Sapien sets itself apart by giving SPN value beyond the immediate platform.
Social media platforms are typically powered by user-generated content. However, regulating this content is a messy and subjective job, as we’ve seen with Facebook. Stopping the spread of fake news is a massive job that requires a lot of manual scanning and deleting and demands a great deal of manpower. Sapien is effectively solving this problem through its use of blockchain and its reward system. Users still have the freedom to generate content as they please, but the community determines what’s valuable.
By using blockchain, a user’s reputation score is objective — something that can’t be altered by a corporate monitoring system. The only way to boost that score and earn more SPN is by becoming a valuable contributor to the community. Also, by rewarding valuable content with SPN, Sapien encourages the spread of high-quality, factual articles and further demonstrates its value to new users. As the only platform that both incentivizes users and enforces quality control, Sapien will continue to attract more users.
That being said, there are some community safeguards in place to ensure that users act responsibly on the platform and that Sapien’s integrity is upheld. This is a democratized platform where the community has control, but it doesn’t excuse them from behaving respectfully or honestly.
Sapien’s community consists of smaller communities known as ecosystems. Within these ecosystems, you’ll find individuals and teams. The individuals are typically Sapien’s core users. The teams are most often comprised of Sapien staff members. However, these ecosystems exist mainly for people to customize their experience and use the platform for their interests. Unlike other social platforms, Sapien enables each user to have a very individualized experience.
Community Input
Content and reputation scoring aren’t the only ways users can contribute to Sapien’s development. The platform also has an interactive proposal feature. Here, users can offer suggestions for improvement and share critiques of what is and isn’t working. As developers continue enhancing the Sapien experience, they can specifically address the needs of the community.
Sapien users can also help determine SPN’s exchange rate. Of course, this is a risky proposition, as the breadth of input will cause some instability. However, it’s to be expected that exchange rates shift and change according to existing market conditions. Sapien will work to ensure that the exchange rate never dips or rises to a level that could potentially harm the platform or its users.
Sapien offers some incredible benefits for regular contributors:
True value: Freelance writers struggle to be paid fairly for their work. This results in low rates for hard work, and when that work is redistributed to other sites or platforms, they aren’t paid appropriately. Sapien guarantees that quality work not only gets noticed but rewarded handsomely with SPN. With SPN, you can also unlock additional features of the platform.
Intro to cryptocurrency: Cryptocurrency can be intimidating to first-timers because of its high price and technological complexity. Sapien makes it easy to earn SPN without any upfront investment. Your only responsibility is generating great content.
Opportunity: Gaining a great reputation on Sapien is something that can expand beyond the platform. On one hand, you can ensure your work is seen by other Sapien users. But you could also be recruited by those users for other assignments. Your earnings potential isn’t just limited to your content; the impact is limitless.
Learning: Sapien offers you a chance to get factual news and learn new things in an environment tailored to your preferences.
Sapien provide a user-friendly way to stop the spread of fake news and get rewarded for producing valuable content. To learn more about SPN, head to https://www.sapien.network,
Download Whitepaper https://www.sapien.network/assets/SPNv1_2.pdf