With the evolution of technology, the era of social media commenced. On the maximum simple level, the term “social media” refers to interactive applications connecting the customers together which can be accessed through the net. The earliest form of social media is The PLATO System, which delivered an immediately-messaging function in addition to a web chatroom at some point of the Nineteen Seventies. This become accompanied by using the improvement of some of different social media applications like Yahoo Messenger, MSN Messenger etc which had been very famous with the hundreds. MySpace, which became added in 2003 and it became the largest and most popular social media platform till 2008, whilst it changed into overtaken by Facebook. The Facebook website turned into released in February four, 2004, and has seen a regular increase ever seeing that. It is presently the maximum popular social networking site international, with an estimate of over 2.2 billion users as of January 2018.
In these days’s digital international, no statistics is private, no records is safe. The query to be spoke back is this – are the information amassed by using these social networks secure? The answer is not any. And this is precisely why Sphere has a completely high opportunity of revolutionizing social media and turning into the next generation social network platform by making sure general privacy and safety of our facts.
Advertising has come a long way and it's miles simplest getting better. At the heart of the future of advertising is Sphere Social Limited, a enterprise that wants to balance social media and advertising and marketing. Advertising is a shape of verbal exchange.
So the question is – how is Sphere extraordinary from the already current platforms? The answer may be expressed in two phrases – Blockchain Technology. Sphere is a decentralized social media platform constructed on pinnacle of the blockchain technology. Utilizing the blockchain era presents sphere platform customers with the maximum critical capabilities of all – privacy and facts safety. In this age whilst facts is turning into the most treasured commodity of all, that is a considerable achievement, and has the capability to turn sphere into the largest social platform ever. Switching to a brand new social app may be done in a few minutes via the user in recent times, and it wouldn’t take sphere lots long to catapult to to the pinnacle.
Blockchain is a breath of fresh air in the tech world it is also a chain of blocks which makes use of cryptography to relaxed the information in every block. Each block is made of a number of records, and the blockchain is controlled by using a user-to-user network in place of a centralized community. The blockchain is public, because the facts is present inside the network as a whole. This facts can't be changed by means of any outside entity because it requires a massive amount of computational energy. It is a special kind of database, and became immensely famous with the fulfillment of Bitcoin, a cryptocurrency which uses blockchain era and works without a relevant financial institution.
By using blockchain technology, sphere is capable of providing its users with complete control over their information, and stops this facts being copied or shared via unauthorized users. This is absolutely special from how the statistics is managed and shared in the current social networks.
What’s this SAT? (Social Activity Token)
Think of each SAT as your own stake in Sphere Social as a business. The SAT token is a new type of cryptocurrency which uses blockchain to carry out end to end transactions, and will therefore be highly secure. It’s the unit of currency that they will use which can be exchanged for items on their market place, ad units from advertisers and so much more. They haven’t quite divulged what they want to do as a whole yet but I expect it will be incredibly advantageous to us. A part in the company with ownership over our own content is far better than what is currently at stake at present. After the initial coin offering (where the tokens will be set at a flat rate price for you to buy) SAT tokens will be placed on popular exchanges where they can be traded for bitcoin or other currencies. Think of this as the value of the business as a whole. If one SAT has a value of $1 then the value of Sphere Social will be $1 times the total number of coins that were given out.
The SAT tokens are currently available for purchase from the official Sphere.social website during the Initial Coin Offering (ICO) phase. The current cost of one SAT token is equal to$0.14. A total of 650,000,000 tokens are available for sale during the period 12 February 2018 UTC 21:00 to 9 April 2018 UTC 21:00. The minimum sale goal of 1.5 million tokens has already been reached, and the unallocated tokens will be destroyed once the sale period is over. The sale is carried out in four rounds during this period, with each round providing different bonus SAT tokens in addition to the purchased ones, as shown in the image below.
SAT Crowd sale
Name of token: Social Activity Token
Symbol: SAT
Token Standard: ERC20 Standard
Decimals: 8
Role of Token: Utility Token. Use for purchase goods and services on social media platform
Total supply: 1,000,000,000 SAT
Available token for sale: 650,000,000 (65% of supply)
Emission: All unsold and unallocated tokens will be destroyed, and additional release of tokens will not be possible
Period of Sale: 12 February 2018 UTC 21:00 to 9 April 2018 UTC 21:00
Cost of 1 SAT: $0.14
Soft cap/Minimum Goal: $1.5 million – soft cap goal reached
Hard cap/Maximum Goal: $40 million
Accepted currencies: Ethereum, Bitcoin, Litecoin, Dogecoin, Fiat
LINKS FOR MORE INFORMATION
Official website: https://sphere.social
White paper: https://sphere.social/wp-content/uploads/2017/12/Sphere_Whitepaper_v1.7.4.pdf
Twitter: https://twitter.com/SphereOfficial1
Facebook: https://www.facebook.com/SphereSocialNetwork
Telegram: https://t.me/sphere_official1
Medium: https://medium.com/@sphereofficial
Bitcointalk: https://bitcointalk.org/index.php?topic=2437617
Reddit : https://www.reddit.com/r/SphereSocial/
AUTHOR:
Bitcoin Username: Hero2spin
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1840207;sa=summary
Ethereum address: 0x57256Fd23E45aF50d429880742D844C142AbB9Fa