Sphere – Decentralized Social Networking

Sphere – Decentralized Social Networking

In the following article I am going to summarize a project I just recently stumbled across: Sphere. After reading this article you will have most of the important infos about the project and can decide whether or not you want to invest in this project. You can also find the original announcement thread here: https://bitcointalk.org/index.php?topic=2437581/


Sphere Social Network

  • Sphere is a new and innovative decentralized social network.
  • It is built on the idea that privacy, company transparency, and data security should be the fundamental building blocks of every social platform.
  • Their products already published on the Google Play Store and the Apple App Store. (Android App, iOS)

Sphere Social Mission

The problem

  • Your online activity and your social media presence contribute to billion-dollar industries.
  • Your data is sold by them, many times without your permission, knowledge, or consent.
  • Don’t you think you should be entitled to better privacy protection?
  • Don’t you think you should be entitled to a portion of the riches made from your data?

The solution

  • Sphere was built on the idea that privacy, company transparency, and data security should be the fundamental building block of every social platform. We believe that the millions those corporations are making from your data doesn’t belong to them, it belongs to you.
  • We are creating a decentralized social network, separate from those corporations, that allows exactly that. You have a say, you get compensated, and above all you take back the power with every connection and every interaction.

Why should I use Sphere?

  • You are in control
    • With every click, with every social connection, and every loaded page, we build a better decentralized social network together, taking back the power and profits.
  • Set free by cryptocurrency
    • You can be a part of something special and for the first time be present for the birth of a new cryptocurrency, one that gives the power and profits back to the users and not the corporations.
  • Your data, your privacy, your profit
    • With Sphere’s decentralized social network, all of your personal browsing and search engine results are privately secured and stored away from the prying eyes of advertisers. And if they want a peek, they have to pay you!
  • Product already built
    • We have an experienced team and a product that is already built, unlike other companies. Our team has many years of experience designing systems that are secure and capable of managing high volumes.

Core Team

Member E-mail LinkedIn
Andrew Khong (CEO) andrew[at]sphere.social https://www.linkedin.com/in/andrew-kh/
Robert Tomkins (Tech Project Manager) robert[at]sphere.social https://www.linkedin.com/in/robert-tomkins-65a8a6112
Andy Fuhr (System Engineer) andy[at]sphere.social https://www.linkedin.com/in/andyfuhrjr/
Jessica Thoennes (Community Manager) jessicathoennes[at]sphere.social https://www.linkedin.com/in/jess-thoennes-b061b590/
Tamara Mihajlovic (Customer Support) tamaramihajlovic[at]sphere.social https://www.linkedin.com/in/tamara-mihajlovic-b1aa065a/
Matvey Hodovanyuk (Software Engineer) matvey[at]sphere.social
Tamara Petrusevska (Social Media Manager) tamarapetrusevska[at]sphere.social
Ivan Karp (Marketing Manager) ivan[at]sphere.social
Marinelle Rademan (Investor Relations Specialist) marinelle[at]sphere.social
Edwin Kinoti (Blockchain Researcher and Writer) edwin[at]sphere.social

Roadmap

2016 Sphere Development Starts (Sphere development starts work on iOS and Android apps.)
Q1 2017 Groundwork Preparation for ICO
Q2 2017 Further Application Development (The first apps were submitted for beta testing.)
Q3 2017 ICO Marketing (Spread Sphere globally & change the world of social networking.)
Q4 2017 ICO Pre-sale start (ICO Pre-Sale.)
Q1 2018 ICO Crowdsale Starts; Back-end update an Security Integration (ICO Feb 12 – April 9, New and better Sphere Wallet with added security.)
Q2 2018 Ad platform (SAT can be used for buying and selling advertising spaces)
Q3 2018 Sphere Marketplace (First implementation on Sphere Marketplace for businesses and users.
Q4 2018 Complete Trustless and Decentralized Social Network (Complete Trustless and Decentralized Social Network.)
More Features Coming Auction System, Third party integration, Implementing other features suggested by the community.

Media

Video of an interview with Omar Crypt0 at BLOCKCON 2017


The Sphere Network is powered by the Social Activity Token (SAT)

  • Social Activity Token (SAT) connects businesses and people.
  • SATs are used throughout the system to facilitate transactions within the decentralized social network.
  • SAT can be maintained in an ERC20 compliant Ethereum wallet.
  • SAT will be traded at 1 SAT = $0.14 during the ICO.
  • The ICO is for a limited time only and will end once all tokens have been supplied to our users.
  • Any and all remaining unsold tokens will be burned to eliminate oversupply.

ICO Timeline

Round 1 Round 2 Round 3 Round 4
Start February 12, 2018 at 21:00 (9 pm) UTC February 26, 2018, at 21:00 (9pm) UTC March 12, 2018, at 21:00 (9 pm) UTC March 26, 2018 at 21:00 (9 pm) UTC
End February 26, 2018, at 20:59 (8:59 pm) UTC March 12, 2018 at 20:59 (8:59 pm) UTC March 26, 2018 at 20:59 (8:59 pm) UTC April 9, 2018 at 20:59 (8:59 pm) UTC
Bonus SAT 45% 35% 25% 15%
If buying from 2,000 SAT to 19,999 SAT, add 5% more bonus to raise 50% 40% 30% 20%
If buying from 20,000 to 149,99 SAT, add 10% more bonus to raise 55% 45% 35% 25%
If buying more more than 150,000 SAT, add 15% more bonus to raise 60% 50% 40% 30%

SAT Crowdsale (ICO) Details

Name of Token Social Activity Token
Symbol SAT
Standard ERC20
Decimals 8
Role of Token Utility Token
Use of Token Purchasing goods and services on the Sphere 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
Hardcap/Maximum Goal $40 million
Accepted currencies ETH, BTC, LTC, Dogecoin, FIAT
Smart Contract Source GitHub
Smart Contract Address Etherscan
Smart Contract Audit https://audit.jesbus.com/

What can I do with Social Activity Tokens?

  • Social Transations
    • These Social Activity Tokens are used throughout the system to facilitate transactions within the decentralized social network.
  • ERC20 Compliance
    • Tokens must be maintained in an ERC20 compliant Ethereum wallet to take advantage of the rewards.
  • Tradable
    • Example wallets include MyEtherWallet, Mist, and Parity. SAT will be tradable on several exchanges.

Important links

Website https://www.sphere.social/
Whitepaper https://sphere.social/wp-content/uploads/2017/12/Sphere_Whitepaper_v1.7.4.pdf
GitHub https://github.com/spheresocial/SAT_Smart_Contract/blob/master/SocialActivityToken_Smart_Contract.sol
Twitter https://twitter.com/SphereOfficial1
Facebook https://www.facebook.com/SphereSocialNetwork
Reddit https://www.reddit.com/r/SphereSocial
Instagram https://www.instagram.com/sphereofficial1/
Medium https://medium.com/@sphereofficial
Pinterest https://www.pinterest.com/sphereofficial/
Steemit https://steemit.com/@sphereofficial
Youtube https://www.youtube.com/watch?v=tXmpURw0cIo
Telegram https://t.me/sphere_official1
Telegram (Koean) https://t.me/Sphere_Korea

Conclusion

All in all, we can say that with such an experienced team, an idea that has a huge potential of use, it is very possible that this project could be very successful in the near future.


If you’re now interested to invest in this project, just visit their website: https://sphere.social/


Read our other articles:

http://cryptocurrency-advice.com/initial_coin_offerings/


https://bitcointalk.org/index.php?action=profile;u=1037555

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