Spheris Crowdsale Starts Now: Here’s What You Need to Know

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Spheris is an exciting new blockchain technology founded on the idea that app distribution shouldn’t be so expensive and centralized. Traditional app distributors like the Apple App Store and Google Play Store typically charge setup fees and take a percentage of each app purchase on their marketplaces. Spheris aims to disrupt app distribution by offering developers a completely free and decentralized distribution channel for their apps, built on the blockchain.

The founders of Spheris have put together a whitepaper outlining how the app distribution system will work using a catalog of apps that lives on the Ethereum blockchain. They have passed the planning stage and moved to active development of the platform. Now, the next step in their plan is a crowdsale for those interested in supporting the project.

What is the Spheris Crowdsale?

The Spheris Token, an Ethereum-based ERC-20 standard cryptocurrency, will be open for sale for a limited period of 30 days, starting on September 19th, 2017. Spheris Tokens (SPRS) are utility tokens created to be used as the platform’s official currency to buy and sell apps.

In total, 2 trillion SPRS will be created once the project deploys the smart contract on the Ethereum blockchain. 62% (1.24 trillion) of those will be available as part of the upcoming crowdsale. In order to support the project, backers pledge either Bitcoin or Ether in exchange for SPRS. The base exchange rate is 1 ETH = 300,000 SPRS, but there are bonuses for being an early backer. If you support the project during the first two days of the crowdsale, you could receive 360,000 SPRS for 1 ETH.

Contributors should take note of the bonus structure to get the best out of their contribution:

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1st-2nd Days: 1 ETH = 360,000 SPRS
3rd-7th Days: 1 ETH = 345,000 SPRS
2nd Week: 1 ETH = 330,000 SPRS
3rd-4th Weeks: 315,000 SPRS
Large Supply of Tokens As an Advantage

Initially, it might seem that 2 trillion tokens is a lot, but the supply was chosen for several reasons.

“After some technical examination and consideration, we came to the decision to make a large supply of SPRS tokens to favor convenience and scalability” says David Shabun, one of the Co-Founders of Spheris. “With 2 trillion token supply we can assure comfortable app prices for Western and Asian markets. This also assures scalability up to a market cap of $2T”.

When Can You Contribute?

The initial crowdsale of SPRS is essential to get the Spheris project off the ground. The crowdsale is scheduled to start on September 19, 2017, and it will last for thirty days, at which point no more contributions will be accepted. There are significant bonuses to be gained by contributing to the sale early, especially in the first two days.

An important factor in this particular token sale is the fact that Spheris does not burn unsold SPRS tokens. Instead, unsold SPRS tokens will be proportionally distributed among contributors. Contributors will receive more SPRS tokens than what they originally bought, should unsold token remain at the end of the sale.

How Does the Spheris Crowdsale Work?

You can contribute to the Spheris crowdsale on September 19th onward by visiting Spheris.io and following the prompts to make your crowdsale purchase. Remember, the purchase is available in Bitcoin and Ether, so you’ll need to have your cryptocurrency wallets ready for the transaction. Once contribution has been made, you will receive SPRS tokens to your wallet, which will be frozen until the end of the crowdsale.

The crowdsale contract address will be officially released on Spheris.io website on day one.

Why You Should Support Spheris

Spheris’s goal is to eliminate problems plaguing app developers and consumers. It hopes to tackle issues of big fees, censorship by large institutions, and unfair marketplaces using blockchain technology. After the crowdsale, the Spheris team hopes to move quickly to make that vision a reality. A pre-alpha version of the Browser, with implementation of app listing reading directly from the blockchain, is already available on Windows, Linux and macOS platforms with additional updates coming down the road.

Your contribution to Spheris supports the development and it also supports a fund targeted at encouraging developers to develop or migrate apps to the Spheris platform. By incentivizing the best app developers to list their titles on Spheris, the company hopes to gain a critical mass of users needed for a successful launch.

from: www.cryptocoinsnews.com