ICO or Initial Coin Offering is now so popular, many developers are using this method to raise funds to develop their projects, many companies have successfully developed their companies through fundraising methods with ICO.

ICO (Initial Coin Offering), when interpreted in its entirety means the earliest coin offerings prior to launch into the free market. We can also compare ICO with IPO (Initial Public Offerings) in the stock market. The most striking difference of IPO and ICO is that the IPO when it wants to raise funds must go through many regulations while the ICO is more simple and easy without going through complicated regulations such as IPO and can be followed by anyone who wants to invest.

The advantage for investors who follow ICO before the coin is launched to the free market is the price given will be cheaper. And usually when the coin is launched into the market the price will be higher than when ICO, this is a consideration by many investors against ICO and considered something very profitable.

ICO is rated as the most effective way to get capital compared to conventional means, ICO is one of the steps taken by startup companies to get initial funding from investors, this step is also taken by Sphere team which we will discuss in this article.

SPHERE

Prior to joining ICO, investors should know the background and plans of companies that impose the ICO, knowing that it can be a picture of investors on the development of future tokens.

On this occasion we will speak one of the companies that hold ICO Sphere, which is a decentralized social networking platform that is the latest generation of a social network. The Sphere itself is on the Google Play Store and the Web and the iOS beta version will be released in the App Store (Apple).

Purpose of SPHERE

The Sphere team brings with it the idea that customer privacy, corporate transparency, and data security for service users should be of paramount importance to be maintained from any social platform, where issues about the importance of customer privacy have grown in different parts of the world.

The Sphere Platform will incorporate social networks with ecommerce features. This will make it easier for registered users to create products or advertise services that their friends can see and buy by using tokens (SAT) created by the Sphere platform.

Video explanation

Blockchain in SPHERE

As the latest generation of social networks, the Sphere platform itself uses the latest technology called Blockchain, as we all know there are many companies that use this technology for development.

Blockchain is the basic foundation of a cryptocurrency. Sphere itself will present a blockchain-based token which later as a medium for running a program run by the Sphere token team Sphere itself is named Social Activity Token (SAT), a function of this token as a Token used to facilitate transactions in social network platforms Sepher and this token is stored in a qualified Ethereum wallet ERC-20 which later token (SAT) can be traded on the Cryptocurrency exchange.

SPHERE ICO

The Sphere team saw tremendous opportunities for blockchain to add to their project offerings and make Blockchain the foundation of all their platform products. Sphere chooses to raise funds through ICO because it is more suited to their business model as a blockchain company that seeks to provide decentralized social networks to the public.

Most of the funds raised on ICO will be allocated for the development of platforms, marketing, advertising, enterprises, legal processes, and for security. The use of funds for the above is expected to support the development of a platform with a larger target.

Crowdsale

Token Name: Social Activity Token
Symbol: SAT
Standard Token: ERC-20
Decimal: 8
Token Function: Use to purchase goods and services on social media platforms
Total supply: 1,000,000,000 SAT
Tokens on sale: 650,000,000 (65% of inventory)
Note: All unsold tokens will be destroyed, and the addition of tokens is disabled.

Public Sale

This period runs from February 12, 2018 to April 9, 2018
Price 1 SAT: $ 0.14
Minimum Sales (softcap): $ 1,500,000
Maximum (hardcap): $ 40,000,000
Accepted currency: Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Dogecoin and Fiat

With all the ease and technology offered, investing in Social Activity Token (SAT) is an option that can be taken by all those who want to invest in future social networking platforms.

Official address

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