Published: Mar 05, 2018

Status (SNT)

Website

Status

ICO

An open source messaging platform and mobile interface to interact with decentralized applications that run on the Ethereum Network. Founders claim it to be the first ever mobile Ethereum client built entirely on peer-to-peer technologies

Whitepaper

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Interest lvl

Medium

Updated: Jun 07, 2020

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Ticker

SNT

FoundedSwitzerland

Office addressBaarerstrasse 10, Zug, Switzerland

What is Status

Status is an open source messaging platform and mobile interface to interact with decentralized applications that run on the Ethereum Network.

The messenger form-factor is chosen to make Ethereum feel as familiar as possible to the average smartphone user, while providing a flexible platform for DApp developers, aimed to maximise the amount of daily use of Ethereum’s public blockchain.

The Status Network token is a modular utility token that fuels the Status network. This includes a Decentralized Push Notification Market, Governance of the Status client, Community Curation of content, along with social communication tools such as Tribute to Talk. We also propose a fiat-to-crypto 'Teller Network', DApp Directory, Sticker Market, and demonstrate our research on a User Acquisition Engine to grow the Network.

The Status Network Token (‘SNT’) will be distributed at a rate of 10,000 SNT per 1 ETH to participants in the Contribution Period, and is expected to begin on June 20th. The Contribution Period will run for 14 days, or within 24 hours of the first ceiling of 12M CHF (Swiss Francs) having been reached.

Token Sale Dates

ICO

Start date: Jun 20, 2017

End date: Jun 20, 2017

Token Allocation

Total Token Supply 6,804,870,174 SNT

Funding Details

Funds Raised (as of now) 100,000,000 USD

Token distribution

Max investment goal: 12M CHF (Swiss Francs) equivalent in ETH The number of SNT created depends on the amount of contributions received by the smart contract. Crowdsale token supply - 41% Status Genesis Token Holders - up to 10% Status Core Dev - 20% Status Reserve - 29% Reserve will be held by in a multisig and are intended to be slowly ofered to future contributors and stakeholders in the network periodically at a later date to foster growth. The Reserve will not be accessed for a minimum of 4 quarters (12 months), and will be re-locked or burned if deemed unnecessary for the growth of the network.