Hello, I have recently discovered the SPHERE social network and because it has earned my attention in particular, I decided to read the whitepaper and make a review on that occasion. What is SPHERE? So what is SPHERE and what issues are trying to solve it? Context In a world where more than 3 billion people are connected through social networks, the fact that users do not have control over their data has become a growing problem. Most social networks are free and therefore live on your data and interactions. They sell your data through auctions to corporations that make the best offer. It's time for you to choose what to do with your data! The solution With a highly experienced team in the back, SPHERE wants to become the largest and …show more content…
Nowadays, the few companies that have the monopoly of ads use the same processes that have proven to be ineffective: they charge customers by volume (views, clicks, etc.) even though their ads often do not arrive to interested people. SPHERE's answer is to reduce the need to use these intermediaries and not to stay at their hands. So, they have developed methods for companies to interact directly with customers. Unlike the vast majority of companies launching on the blockchain, SPHERE already has functional software. Social Activity Tokens (SAT) SPHERE introduces SAT, a new crypto-currency designed to facilitate transactions in their social network. These days, the initial currency offer, or ICO, is also being invoked to create an account and invest in the project. As a bonus, when you create your account, you get 50 SATs (approximately $ 7), and then, with each friend you recommend, you get 50 more SATs. Below you can see funds allocation and token distribution. It should be noted that out of the total volume of 1 billion SAT, 65% is put on sale by the ICO team. Sale is open until April 9th. Coins that will not be sold (if any) will be