Question 1

What's the Recent Price Change of Sapien (SPN)?

Accepted Answer

As of the time of writing, the price of Sapien (SPN) stands at ADA 0.00014259. This has increased by +0.00% in the last 24 hours.

Question 2

What Exactly Can Sapien (SPN) Be Described As?

Accepted Answer

Sapien is a social networking platform that's built on the Ethereum Blockchain. Conceived in 2017, by Ankit Bhatia and Rob Giometti at UC Berkeley, Sapien extensively leverages the SPN token for creating an independent, self-governing social network. The central tenets of this social platform includes data sovereignty, self-governance and the insistence on being a platform of humans for humans. One key goal of Sapien is to develop the first mainstream social network on Web 3 by creating an intuitive user interface, designing a simpler and more user-friendly digital wallet, and implementing instant, gas-less transactions for its users.

Question 3

Who Are The Makers Behind Sapien?

Accepted Answer

Sapien was co-founded by Ankit Bhatia and Rob Giometti, both alumni of UC Berkeley. The project has grown into a globally distributed team of 20 people extending their presence across 10 different countries.

Question 4

How Does Sapien (SPN) Work?

Accepted Answer

Sapien operates on an ERC20-compliant utility token called SPN, used primarily within the ecosystem to reward and recognize valuable contributions to the communities, access content, and engage in social-powered e-commerce. The objective is to decentralize the decision-making power by transferring control from executives to the community leaders. Sapien employs a tokenized system known as “Charges” for content sorting – users can give "charges" to posts they appreciate as a reward, thereby boosting the content's presence on user feeds. After 24 hours of a charge being given, the content creator is rewarded with SPN tokens. This mechanism monetizes and economically validates the content sharing and liking mechanism common on traditional social platforms.

Question 5

What Core Technology Does Sapien (SPN) Apply?

Accepted Answer

Sapien applies the Ethereum Blockchain technology to create a decentralized social network. It also introduces the SPN token for internally rewarding platform activities. The platform utilizes a "proof-of-value" protocol which involves users staking their SPN tokens using a Sapien smart contract. The staked SPN tokens are progressively unlocked over a calendar year. The “Stake Rank” system employed by Sapien determines the fees charged to users when they charge or collect rewards – the more tokens a user stakes, the lower the fees.

Question 6

Is Sapien (SPN) a Popular Asset By Market Cap?

Accepted Answer

Sapien (SPN) currently ranks #3683 in the market capitalization with a total value of ADA 48.1K.

Question 7

What Volume of Sapien (SPN) is Traded in 24 hours?

Accepted Answer

In the last 24 hours, Sapien (SPN) has seen a trade volume of 33.7.

Question 8

How Much Sapien (SPN) is There in Circulation?

Accepted Answer

Currently, the circulating supply of Sapien (SPN) stands at 337.0M.

Question 9

Where Can One Purchase Sapien (SPN)?

Accepted Answer

Sapien (SPN) can be purchased on the IDEX, Cryptopia exchanges.

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