Sphere Decentralized Social Network #ICO
What is An Initial Coin Offering?
ICO is the abbreviation of Initial Coin Offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum. Since 2013 ICOs are often used to fund the development of new cryptocurrencies. The pre-created token can be easily sold and traded on all cryptocurrency exchanges if there is demand for them.
With the success of Ethereum ICO are more and more used to fund the development of a crypto project by releasing token which is somehow integrated into the project. With this turn, ICO has become a tool that could revolutionize not just currency but the whole financial system. ICO token could become the securities and shares of tomorrow.
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What is Sphere
PURPOSE: Become the largest and most trusted decentralized
social network in the world.
PROBLEM: Your social network, your online activity, and even your online presence are a billion
dollar industry curated by the very companies you trust to guard your privacy.
Don’t you think you should be entitled to a portion of the riches made off of your
data?
We do! And we believe it’s finally time to stand up to
these companies and take back the internet!
SOLUTION:
Utilizing Sphere’s innovative method of allowing businesses to target consumers
directly, both sides stand to gain. On the consumers’ side, we see an increase in
privacy as their browsing habits are no longer sold to the highest bidder for the
potential to earn profits for the very same browsing data. Companies benefit from
truly knowing that their marketing campaigns are reaching their desired audience
more effectively, cutting down on the cost of marketing.
WHAT CAN I DO WITH SAT??
In-system tokens to be used by consumers
In addition to the benefits laid out in this paper, Sphere is introducing an
innovative incentive program for consumers using tokens. These Social Activity
Tokens are used throughout the system in order to facilitate transactions
within the social network
Put the power back into your hands
SAT tokens are crafted in such a way that the entire process is secure yet
transparent. This process leads to a greater sense of trust within the system
How do you get SAT.X cryptocurrency in #ICO presale? SignupLink:
ICO DETAILS
A total of 65% of available tokens will be made accessible to buyers through the
ICO. We’ve reserved 1% of all tokens for our team and advisory staff. Another 17%
will be reserved for the social network. 9% will be reserved for the company.
At the Initial Coin Offering, 7000 SAT = 1 ETH.
1,000,000,000 tokens will be created.
Should tokens go unsold, they will be destroyed.
DISTRIBUTION OF FUNDS
Road Map
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