Israeli blockchain startup Spheris has started its highly anticipated crowdsale. The team has released a pre-alpha public software version of two platform components, Catalog and Browser, ahead of their token sale. Spheris is offering attractive bonuses throughout their campaign, with this week’s bonus being 15%

What is Spheris?

Spheris is an open source decentralized application marketplace that aims to disrupt the software distribution industry and bring new and exciting features thanks to blockchain technology. In contrast with legacy app stores, Spheris has a big edge over the competition:​

They are offering a secure platform with no registration or transaction fees for developers, instant payments, no unfair censorship or restrictions and a new customizable subscription system which lets developers lease their apps to users by-the-minute.

David Shabun, one of the co-founders of Spheris, has said: “We want users to have a complete decentralized experience. We see a future where there’s no need for credit card companies or banks in order to buy and sell apps using our platform”.

Pre-Alpha Available, Increases Project Confidence

The company has released a pre-alpha build of two of their platform components just a few days ago. The release is a great news to both the team and contributors, as it reassures their dedication toward making Spheris a success. The software is already available for download on their website, with support for Windows and Linux.

The Crowdsale

Spheris Crowdsale has started and will run for a limited period of 30 days. Spheris Tokens (SPRS) are utility tokens created to be used to buy and sell software on the platform.

With a supply of 2 trillion SPRS, Spheris offers 62% of the tokens to the public.

“In order to have a solid and convenient experience on our platform, we figured that a large supply of SPRS tokens will benefit all users. Scalability and convenience are the key points we considered” David Shabun explains. “2 trillion token supply will make comfortable app prices possible for Western and Asian markets”.

The base exchange rate is 1 ETH = 300,000 SPRS, but there are bonuses for being an early backer. Those who support Spheris during this week, will receive 345,000 SPRS for 1 ETH. What’s important to note is that unsold SPRS tokens will be proportionally distributed among those who contributed, and no tokens will be burned.

It’s interesting to note that they do not intend to burn any unsold SPRS tokens. Instead, unsold SPRS will be proportionally distributed among those who contributed, which in practice provide an additional amount of SPRS to contributor on top of his initial contribution.

Spheris Gets Behind Developers

Taking part in Spheris crowdsale will not only support the continued development of a decentralized app store, but also support the LaunchPad program, which will be utilized by Spheris to attract new developers to start developing apps or migrate apps from other app stores to the Spheris platform. With a large developers audience, Spheris hopes to become a competitive alternative to the traditional app stores we know today.

Visit https://spheris.io/crowdsale to learn about contributions. You can read their whitepaper to get an idea of how the technology behind it works. The team is also available for a chat on Telegram.

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By | 2017-10-02T17:23:33+00:00 September 19th, 2017|Token Review|0 Comments

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