The SPN token has a number of uses on the Sapien platform:
- Charges and Rewards - please refer to the FAQ Charges and Rewards Section
- Users can offer SPN as an incentive to complete their polls
- Staking SPN enables users to lower their platform fees
In the future, as Sapien builds in more platform functionality, we hope to expand the utility of the SPN token for things like e-commerce, incentivized bounties or contracts, and creator compensation models. In addition, SPN will also be used to support community governance mechanisms in Tribes.
For example, we intend to expand the versatility of SPN by enabling creators and users to offer goods and services on the platform in exchange for SPN, either through direct transactions, gated access, or other means we may develop later.