Many of us are aware of the fact that the number of Initial Coin Offerings(ICO's) are growing rapidly and that makes it very hard to choose the right one to invest in.
For those of you who are not aware of ICO, let me tell you that ICO's are unregulated means of raising the funds for new cryptocurrency ventures.
As I stated above that it is very hard to choose the right ICO, you have to look at their whitepaper to know what technology they are offering and the team behind it.
I have been keeping an eye on SPHERE for a long time now and I believe this is one of those ICO's which will revolutionise the use of social network.
What is Sphere!
Sphere started its journey in 2016 to revolutionise the world of social networking.
Sphere is a decentralised social network which has its own cryptocurrency named SAT.
Sphere aims to give the power of each click they make on sphere back to the people.
Where does the problem lie?
Billions of people around the world use social networking websites and spend huge amount of time on them.
These social networking websites take away all the revenue they collect from the advertising and the data used by their users and give nothing in return to their users.
The main problem with other social networking platforms is that they are centralised and can easily be hacked and therefore your precious data could be in danger of going into wrong hands.
Moreover you don't get the privacy you need as your personal information might be stored.
The Solution
Sphere is creating a decentralised social network which is totally different from the centralised one as it assures the data security, transparency and privacy.
The users have a say, they get to choose who to share their information with.
The advertisers can't access user's search history.
Users will not receive unwanted adds.
Not only the above mentioned benefits but users will be benefited from the data they consume which include social interactions like comments and messages and clicks which include upvotes or likes.
This will help users to get the value of their precious time spent while using this platform.
Sphere will also help advertisers to maximise the reach of their marketing campaigns.
You can find more about sphere in their whitepaper.
Benefits
Price and ICO information
Sphere is out of presale now and currently in the first phase of its ICO.
The first round is going on and ends by tomorrow.
The presale price of 1 SAT(Social Activity Token) was 0.05$.
The current ICO price is 0.14$ for one SAT token.
Sphere ICO started on 12 February and it is going to have 4 rounds and will end on 9 April.
The ICO is getting a great response from the investors as tokens are selling fast.
The total circulating supply of SAT tokens during the ICO is 1 billion.
Out of the total circulating supply, buyers will be able to get a hold on 65%of the total tokens.
Below chart shows the ICO timeline and the offers you will be getting for buying the tokens during early stages of the ICO.
More information about the ICO can be found at the official website of sphere.
About SAT Tokens
Social Activity Tokens represent the cryptocurrency of sphere network.
Users can use sat tokens within the decentralised sphere network to make transactions.
SAT tokens are ERC20 compatible tokens which can be stored in any of the ERC20 compatible wallets like myetherwallet.
SAT tokens will be tradable.
1 SAT token will cost you 0.14 usd during ICO.
About Roadmap
The sphere development started in 2016.
In quarter 1 on 2017,the preparations for ICO started.
The development was taken to the next level in quater 2 of 2017 where the first apps were submitted for beta testing.
The marketing for sphere ICO was done in 3rd quarter to spread that the new giant of social networking has arrived.
In quarter 4, the ICO presale started.
In quarter 1st of 2018, the ICO sale will go on and there will be back-end development for the sphere network.
In quarter 2nd the SAT will be used for buying and selling advertising spaces.
In quarter 3 implementation of sphere marketplace will take effect.
In quarter 4, almost all the development will be completed and more features will be coming in 2019.
Vision
The sphere is aware of the fact that how big the impact of social media is and understands that every user deserves privacy and data security.
Sphere provides an opportunity to the advertisers to reach the right audience and spending less money on top of that.
Sphere ensures security from hackers.
Businesses, both small and large have equal opportunity to promote their products.
Future Plans
The sphere team will add more features to the system in order to make sphere a huge success.
Conclusion
I believe that sphere is going to change the social networking world and disrupt it once and for all by giving users opportunity to socialise and earn money for every click and interaction.
Sphere is running a referral programme where you can get 50 SAT tokens for signing up and 50 SAT tokens for referrals which are equal to $7 usd as per the current price.
You can join Sphere with my referral link.
You can also join sphere directly if you don't wish to join with my link.
Direct link.
Feel free to ask questions if you have any and correct me if you find something wrong with my post.
