In present Era we see the boom of cryptocurrencies and we have got more than 1400 cryptocurrencies which are listed on the website coin market cap. The number goes on increasing and this number has increased dramatically in the past couple of years. Decentralization of services is being encouraged. A company that I have invested in is Sphere, a relatively new social media with the USP of being decentralized and having their own cryptocurrency tokens known as Social Activity Tokens or SAT.
Sphere has launched their cryptocurrencies, Social Activity Tokens or SAT to fund their innovative dream. The SAT are not tradeable right now as the company has only launched their ICO that is to end on 9th April, 2018.
Quick Facts on SAT:
SATs are valued at $ 0.14 during the ICO. They can be bought via a smart contract as they are ERC 20 compliant. Credit and Debit Cards can also be used. Paypal is also permitted.
Currently, buying SATs would yield a 25% pre sale bonus (minimum). That is 25% in guaranteed profits!
SATs can be used to pay to advertise your products and facilitate transactions between two users.
SATs can also be used in Sphere’s e-commerce market place.
The advertisement sector will be launched in the third quarter and the e-commerce wing will be launched in the fourth quarter of this year.
SATs can be sold only after the ICO ends. A list of exchanges are to be put up. Converting SAT into ETH and then selling it will be a easy task.
Sphere was built with privacy and data security in mind.
When you’re talking about social media, privacy and security don’t really go hand in hand. Your information is readily available and not nearly protected the way it should be. Most users don’t know how to protect their data and information. Not to worry, Sphere just took care of all that stuff for you! The Social Activity Token known as SAT facilitates transactions within the network, providing you with privacy and security. You have got to love the block-chain!
If companies want your data, they will have to pay you for it!
Many of the big Social Media giants harvest your information without your consent and sell that data to their advertisers. That works out nice for them but not great for you. Facebook and Google have built billion dollar empires on the basically free information we agreed to provide them. They take this data and provide it to advertisers to show their products or services to a very targeted audience.
Sphere advertisement solution is interesting. The seller who wishes to advertise on Sphere will be charged for advertisement based on the number of clicks on the advertisement. The payment will be done via SATs, currently valued at $ 0.14. This is arguably the fairest way to pay for advertisements as you will be charged only if the advertisement is of value to someone.
Sphere app
Sphere has created a social media app for both iOS as well as Android. You can also access the platform on a laptop. Their user interface is neat and easy to use. It does not look drab like some of the newer platforms do. In the third quarter of this year, Sphere will be rolling out advertisements on their website to generate revenue. In the fourth quarter, an e-commerce site will be unveiled.
Meet The Sphere Team
This is a very strong and capable team. With solid people at all levels of the company, you increase the likelihood of putting out a quality product. This team is strong from the CEO Andrew Khong, all the way down the line. This is also quite a large team as well. Many ICOs have just a few people and you know that everything is done on a shoestring budget.
I think this platform will be a huge success and is truly an ICO worth investing in. It’s a better social platform that respects its users, provides a more secure platform and best of all wants its users compensated.
For more details don't forget to read Sphere white paper