AI project Sapien establishes foundation to oversee the development of its native token SAPIEN

Foresight News reports that AI data collection company Sapien has announced the establishment of the non-profit entity Sapien Foundation, which will be responsible for maintaining the ecosystem and the development of the SAPIEN token. The SAPIEN token utilizes a proof-of-stake mechanism, rewarding high-quality contributions and penalizing misconduct to ensure transparency, fairness, and a community-driven ecosystem. Sapien stated that the airdrop plan for the SAPIEN token, including eligibility criteria, distribution formula, and snapshot date, is subject to change at the sole discretion of Sapien International Ltd.

According to previous Foresight News reports, AI data collection company Sapien completed a $10.5 million seed round in October 2024, led by Variant.