Sapien (SAPIEN) Price, Charts & Market Data

SAPIEN underpins the economic and coordination layer of the Sapien protocol.

• Staking: contributors stake SAPIEN as collateral to access tasks. The amount and duration of staking are used to gate task complexity and influence reward conditions. - Rewards: contributors and validators earn rewards for completed and approved work. Rewards can be configured as a mix of SAPIEN and stablecoins such as USDC. - Quality enforcement: completed work is peer-reviewed. Poor-quality or malicious behaviour can lead to penalties, including slashing of staked SAPIEN and restrictions on future participation. - Reputation and progression: performance history and peer feedback, combined with staking requirements, determine contributor roles and access to higher-responsibility tasks. - Governance direction: Sapien outlines a gradual transition towards token-holder governance via a DAO, covering protocol parameters, treasury decisions, and the approval of new task categories.

Sapien was co-founded by Trevor Koverko (CSO), Kelly Ryan (CTO), and Henry Chen (COO), with Rowan Stone serving as CEO.

Team and ecosystem background:

• Rowan Stone (CEO): co-creator of Base (Coinbase L2), former COO of Totle (acquired by Coinbase), and co-founder of Horizen Labs and Launch Code Capital. - Trevor Koverko (CSO, Co-founder): founder of Polymath, builder of the Polymesh blockchain for real-world assets, and founder of Tokens.com. - Kelly Ryan (CTO, Co-founder): product and engineering leader with experience at FastAF and a background in Physics from the University of Waterloo. - Henry Chen (COO, Co-founder): former COO of Haller.ai, with growth experience at companies including ClickUp, SAS, and Xsolla.

Sapien has raised a $10.5 million seed round backed by firms such as Variant, Primitive Ventures, Animoca, Yield Guild Games, and Orange DAO, and works alongside partners including Airtm, GIG, Intract, KGen, Mises, Recall, Veera, and Worldcoin.