Sphere is a next generation, de-centralized social network,The network will contain its own cryptocurrency called Social Activity Token, or SAT.

Social Activity Token (SAT)
TOKEN SAT

20 SAT = $1 USD at the Initial Coin Offering.
SAT purchase funds are held in escrow by TEAM. The funds are not exchanged unless the following conditions are met:

1. The Sphere Social Network beta goes live in October, according to schedule

2. SAT tokens are issued in the upcoming ICO.

If one or the other of those conditions fails to occur, your funds will be returned to you.
Social Activity Token (SAT) connects businesses and people,this token offering is completely compliant with ERC20 protocol,The SAT token is standard ERC20, and can thus be maintained using a variety of Ethereum wallets.

Sphere will eventually provide hosting wallets for users, but sphere advise using MetaMash, Mist, or MyEtherWallet until that option is available,crowdsale purchased SAT tokens are immediately transferable to wallets,Any unsold tokens will be destroyed. Whatever is left will constitute the total supply of SAT.

Once the initial offering is over, SAT token holders will be able to trade their tokens on listed cryptocurrency exchanges.

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