Technology and scientific discoveries have made people's lives become efficient and comfortable. With the dawn of the new age, The Internet has become the main medium for communication and entertainment around the world. One component that has to grow and developed a lot is SOCIAL MEDIA or NETWORK. Some examples of social network that has made a mark in the society include Facebook, Twitter, and Instagram.
What is Social Media/Network? (some in from WIKIPEDIA)
Here are some definitions of Social Media/Network that would give us some overview of how it would work. It is a form of electronic communication (such as websites for social networking and microblogging) through which users create online communities to share information, ideas, personal messages, and other content (such as videos)
Social media/Network are computer-driven technologies that manage the creation and sharing of information, ideas, career interests and other forms of expression via virtual communities and networks. These are websites and applications that enable users to create and share content or to participate in social networking. In simple terms, it is a website where you can post events, daily activities, like and share pictures.
Monetizing Social Media/Network through SPHERE. (some info from https://sphere.social/)
Have you ever felt like your spending too much time on social networking sites? You're just wasting your precious time but not getting anything out of it. Well if we look closely, social media/networks have been used as a tool to advertise products and services to consumers. But who becoming rich? Are we getting a piece of the pie? The answer is a big NO. Companies are fattening the pockets, leveraging our data as a bargaining chip and selling it off to the highest bidder to fund their operations. If we think about it, our online activity and social media presence helped create billion dollar industries. How about security? The users of these social media sites need security against hacking and any cyber attacks. It is time to monetize our use of social networks with SPHERE.
SPHERE will be the largest and most trusted decentralized social network in the world. Sphere's concept revolves around privacy, company transparency, and data security which should be the formula for every social network platform. SAT (Social Activity Tokens) will be the digital currency which will be used within Sphere. It will work as a currency inside the Sphere ecosystem. SPHERE will use SAT as an incentive and this will be used for any transaction made within the network. The network has it's own an incentive program for users. SAT tokens were created to make all process secure and transparent. This will develop a greater sense of trust within the system.
SPHERE ICO INFO:
SAT Crowdsale 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 Softcap/Minimum
Goal: $1.5 million – softcap goal reached Hardcap/Maximum
Goal: $40 million Accepted currencies: Ethereum, Bitcoin, Litecoin, Dogecoin, Fiat
What makes Sphere different from the Mainstream Stream Social Network Platforms?
Transparency, Better Privacy, and Data Protection.
Sphere uses the blockchain technology which is a more transparent, honest, and open blockchain format that allows every user to hold Sphere accountable for data. This is where a block-chain distribution method comes into play which allows the transfer of vital and valuable data while protecting the users’ privacy. SPHERE is more of -a decentralized social media platform that can store multimedia and other data on a secured blockchain rather than using traditional servers which are slower and prone to hacking and cyber attacks.
Existing Product.
Sphere has a product already out in the app market like playstore and app store. This will be a smooth and easy transition for users and the developers.
Targets consumers with Ad Campaigns.
This is for the companies to help them with their marketing strategies. Even though we are at the forefront of all technological advancements, old and traditional marketing strategies are still being used. In general, it is just a waste of funds. Using Sphere’s innovative decentralized social network allows companies to interact and target consumers directly, and both sides stand to gain. Companies benefit because this ensures that their marketing campaigns reach their desired audience effectively, cutting down on marketing costs of market strategies. Sphere will create a fully functional advertising dashboard which will allow users to create ad pieces that will be displayed in the Sphere news feed. They also offer space which can be paid using SAT.
Marketplace Set-up.
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. (from https://sphere.social/wp-content/uploads/2017/12/Sphere_Whitepaper_v1.7.3.pdf) This means that you can sell old stuff just by taking pictures and posting it or sharing it in the network. You can process your sales transactions within the Sphere network. To make it simple, its just a click of the purchase button and will be paid by SAT.
Here are some reasons why Sphere is a good platform to invest in.
It is a unique platform due to the fact that it will be an alternative for some monopolized social media outfits that are also targeting ICO and cryptocurrencies. Due to the strict policies of countries on cryptocurrencies which affect the social media outfits, it will be a good replacement to advertise and sell products.
All the members of the team working on the Sphere platform are knowledgeable in their different fields. They also have experience working on some social media based projects. Below are some members of the Sphere Team:
Andrew Khong - CEO
Robert Tomkins - Tech Project Manager
Andy Fuhr - System Engineer
Jessica Thoennes - Community Manager
Tamara Mihajlovic - Customer Support
This project doesn't offer escrow. In other words, it doesn't need it for the transactions due to the fact that all transactions are done within the Sphere platform. You gain SAT by using the app and use the SAT tokens to advertise and buy and sell products.
They have a complete detailed Whitepaper. All information about the project is there.
Link: https://sphere.social/wp-content/uploads/2017/12/Sphere_Whitepaper_v1.7.4.pdf
A precise and clear Roadmap. All information about the different timelines that they need to follow is stated.
Sphere doesn't offer a dividend but what's great about it is, it gives users of the app a chance to monetize the usage of the sphere APP.
Sphere is officially listed on ICO countdowns and ICO calendars online.
Link: https://icomarks.com/ico/sphere-social
https://tokentops.com/ico/sphere-social-network/
Sphere has set a softcap and hardcap which means they are more geared towards their project rather than raising a lot of money.
Softcap/Minimum Goal: $1.5 million – softcap goal reached
Hardcap/Maximum Goal: $40 million
They have a transparent breakdown of budget and distribution of funds.
The budget outlined below presumes a scenario where our minimum cap of $1.5 million has been reached. Additional funds raised after the minimum cap will be used to add additional features to the application, API development, research, marketing and overall growth of the platform. Funds raised from the ICO will be distributed as follows:
Application Development: 60%
Marketing & Promotion: 15%
Company: 15%
Legal: 5%
Security: 5%
As of the moment, there are still no news about exchanges. But with how things are going then we will be expecting it to be listed immediately after crowdsale.
Sphere has a Clean Image – no red flags on any forums online.
Sphere has a healthy public relationship online and is part of various online communities such as Twitter, Facebook, Slack, Reddit, Telegram and the like.
Just to sum it all up, SPHERE will stand out from all other ICO's with the same platform because it has already a product and experience. So any technical problems that will occur can easily be isolated and fixed. I would definitely invest in this platform because it's not just the big companies who will try to use the platform which will benefit but also the consumers which will be able to monetize and earn from using SPHERE.
Want to earn SAT TOKEN for FREE: Just sign-up: https://sphere.social/?ref_code=5309-3d0d8a2a
Follow the news about SPHERE: https://sphere.social