Website

Status (SNT)

ICO

Last updated: Jun 07, 2020

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

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Overview

Project industry	Internet & Telecommunications
Founded	Switzerland
Whitepaper	Open

Technical details

By default Status is free and an open source platform. Status’ first public alpha was released in January 4th 2017 for Android & iOS. It has been operating on the Ropsten Testnet and our Alpha release has drawn over 6,000 Alpha testers, and another 3,000 are in queue for iOS Testflight. Over the course of Q1 2016 - Q2 2017, the project have introduced a user interface refresh and have been working on the stability of go-ethereum on resource-restricted devices, and have developed out the base system for Whisper-based push notifications.

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.

Details

Public sales: Jun 20, 2017 - Jun 20, 2017
Token supply: 6,804,870,174 SNT
Raised: 100,000,000 USD

Legal

Blockchain Platform: Ethereum

Office address: Baarerstrasse 10, Zug, Switzerland

Token info

Ticker: SNT
Token price in USD: 1 SNT= 0.02 USD
Accepted currencies: ETH
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.