SPHERE - ICO
Sphere - ICO
ICO (Initial Coin Offering) is a means by which funds are raised for a new cryptocurrency venture.
In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies.
In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies.
What is Sphere?
Sphere is a next generation, de-centralized social network.
The network will contain its own cryptocurrency token.
The network will contain its own cryptocurrency token.
Sphere chose to raise funds through an ICO because it is a better fit for business model as a blockchain company that seeks to provide a decentralized social network to the masses. (from official website)
Sphere is the new generation of social network. It is creating a decentralized social network, separate from those corporations. You have a say, you get compensated, and above all you take back the power with every click and every social connection.
Registered office: Kemp House, 160 City Road London, United Kingdom, EC1V 2NX
- Crypto-token based on ERC20 standards
- Tokens are transferable
- The supply is capped at 1 billion tokens
(From Sphere whitepaper)
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,
1 SAT = 14 cents USD.
1,000,000,000 tokens will be created.
Should tokens go unsold, they will be destroyed.
ICO contract will be placed on Github for the community to see and audited as soon as the ICO date is announced.
ICO contract will be placed on Github for the community to see and audited as soon as the ICO date is announced.
After the tokens have been issued, new ones will not be created. ICO scheduled to start on 2-12-2018.
WHAT CAN I DO WITH SOCIAL ACTIVITY TOKENS?
Social Transactions
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.
The SAT token is standard ERC20, and can thus be maintained using a variety of Ethereum wallets.
Sphere will eventually provide hosting wallets for the users, but it is advise using MetaMask, Mist, or MyEtherWallet until that option is available.
Sphere will eventually provide hosting wallets for the users, but it is advise using MetaMask, Mist, or MyEtherWallet until that option is available.
ROADMAP
First Quarter of 2018:
ICO Crowdsale Starts (February 12 - April 9)
Back-end update and Security Integration
New and better Sphere wallet with added security
Second Quarter:
AD platform
SAT (Social activity Token) can be used for buying and selling advertising spaces
Third Quarter:
Sphere Marketplace
First Implementation on Market for business and users.
ICO Crowdsale Starts (February 12 - April 9)
Back-end update and Security Integration
New and better Sphere wallet with added security
Second Quarter:
AD platform
SAT (Social activity Token) can be used for buying and selling advertising spaces
Third Quarter:
Sphere Marketplace
First Implementation on Market for business and users.
Fourth Quarter:
Complete Trustless and Decentralized Social Network
Complete Trustless and Decentralized Social Network
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