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Sphere Review

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Average

Revainrating 3 out of 5  
Rating 
3.0
Crypto Projects

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Description of Sphere

Sphere (SPHR) is a P2P decentralized currency that uses a Proof of Stake algorithm. It is designed for general online commerce and as a store of value.

Reviews

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Type of review

Revainrating 3 out of 5

Sphere (SPHR): is a crypto-currency that uses ERC20 as a market algorithm.

Sphere (SPHR): is a crypto-currency that uses ERC20 as a market algorithm, the currency project has the development of several financial factors such as the ability to issue token in a network of decentralized products and services, so that users can freely use and have the full liquidity of their currencies, its development as a currency is born through the codification of certain open source that are dedicated to the development of currencies within a digital market thanks to that you can use

Pros
  • It manages a capitalization of 851 thousand US dollars, with volumes of 542 US dollars.
  • It works with a single file browser.
  • Its shares in the stock market indicate that in the last 7 days its capital remained in a straight line without variations.
  • It has a mobile wallet application and a desktop application, for the main operating systems in the market.
Cons
  • Its value as a crypto currency is below 1 dollar
  • Currently only available for one exchange, which is through BTC, they have to open more exchanges.

Revainrating 3 out of 5

It has an integrated market with its own ad platforms.

Big data can be one of the best assets for technology companies. For example, there are some social networking portals, which rely on their user data to earn. This data was then sold to other companies, calling for a compromise on the security of millions of people. It serves the purpose of ensuring the safety and privacy of users in social media, including revolutionary social activity tokens.

Pros
  • Like other marketplaces available on the internet, it has similar features.
  • Ad Platform.
  • Transparency.
  • User Growth.
Cons
  • Without looking market conditions, you may want to consider its privacy and the transparency characteristics.

Revainrating 3 out of 5

Decentralized and an integrated social network.

This will meet the requirements of a personal social network where there is no compromise on user safety. Furthermore, features such as marketplaces and advertising platforms are unique and attract investors. This will ensure funding for currency growth.

Pros
  • It has its own market. The marketplace was developed with similar features to other e-commerce websites. However, the system claims to be more secure.
  • It also has its own advertising platform. This platform uses data provided by participants. If the user does not want to share personal information, it will not be used by the system. This prevents user safety and privacy compromises.
Cons
  • Only one exchange with low trading volume.
  • It does fall short in explaining its technical architecture.