Social networking sites represent a large market with tremendous growth potential that can be easily targeted by financial institutions if they know how to use these sites to their advantage. Sphere is so much more than another simple addition into the growing line of social media networks available. It is the beginning of a digital revolution.
SAT is a digital currency designed to be used within Sphere – a new, private, and secure social media platform that offers an integrated, decentralized market, complete with its own advertising platform. Sphere was built on the idea that privacy, company transparency, and data security should be the fundamental building blocks of every social platform. So they believe that the millions those corporations are making off of your data doesn’t belong to them, it belongs to you and sphere want to help you take back the control and have a say about your data.
Sphere has created a decentralized social network, separate from those corporations that allow exactly that. You have a say, and above all you take back the power with every click and every social connection. Aptly named Social Activity Tokens or SATs for short: this brand new form of cryptocurrency can be used for a wide variety of uses and can even be utilized to fund grass roots campaigns and movements, allowing them to reach more people and larger audiences. To celebrate the launch and welcome the coming digital revolution, Sphere is holding an Initial Coin Offering to those ready to join something special and different.
SECURITY AND BENEFIT OF SAT WITHIN SPHERE
SAT tokens are crafted in such a way that the entire process is secure yet transparent. This process leads to a greater sense of trust within the system. They have a strategic plan that puts their users and token holders first and also, have a segregated cloud server environment that is safeguarded using cutting edge security systems. The Sphere social platform contains important e-commerce features.
The marketplace will allow users to create products which followers and friends can see and purchase using their SAT and also, incorporates modern technologies that secure the most popular features used in today’s social networks. They have an experienced team and a product that is already built. Their team has many years of experience designing systems that are secure and capable of managing high volumes.
ROLE OF INITIAL COIN OFFERING (ICO)
A total of 65% of available tokens will be made accessible to buyers through the ICO. We’ve reserved 1% of all tokens for our team and advisory staff. Another 17% will be reserved for the social network. 9% will be reserved for the company. At the Initial Coin Offering, 1 SAT =$0.14 USD. 1,000,000,000 tokens will be created. Should tokens go unsold, they will be destroyed.
CONCLUSION
In conclusion, Sphere’s goal is to be the social platform where data is owned by the users. The community drives the network. Also, to have a decentralized social media platform that stores multimedia and other data on a secured blockchain rather than on traditional servers. The Sphere social platform contains important e-commerce features. The marketplace will allow users to create products which followers and friends can see and purchase using their SAT.
In addition, Sphere has plans for creating a fully functional advertising portal. The advertising portal will allow users to create ad pieces that will be displayed in the Sphere news feed. There will be per-click and per impression options, with costs deducted automatically from the advertisers’ web wallets.