Status | UPDATED Apr. 2018

The idea behind Status was born out of the fact that the prevalent control of our social media accounts lies in the “hands” of automated software. Social bots are used to advocate certain ideas, manipulate public opinion, and support campaigns. According to the Status team, they pollute online discussions by influencing real users and lending false credibility to their messages.

The founders of Status recognized decentralized communication as a one-way ticket out of bot-dominated discussions and invested all their experience into turning that dream into reality.

Start Date
June 15th, 2017
End Date
July 15th, 2017
ICO First Price
1 ETH = 606 SNM tokens
Distributed in ICO
41 percent
Accepted Currencies
Ethereum
Twitter
@ethstatus
Slack
#Status
Telegram
N/A

Status Homepage

Team

The founders of the Status project are Jarrad Hope and Carl Bennetts, responsible for thought leading and communications & marketing, respectively. Clojure team encompasses Roman Volosovskyi, Alexander Pantyukhov, Andrey Shovkoplyas, and Gustavo Nunes. Victor Farazdagi is a Golang “one-man-army” while Andrei Mironov is in charge of visual design. The entire operation is constantly monitored by Anna Danchenko, the head of QA. The community manager is Chris Hutchinson.

The team also features 10 independent advisers and Patrick Storchenegger at the helm of legal affairs. If you’d like to check out their profiles and professional credentials, you can find their GitHub tags on the official Status Wiki.

About The Project

Status is a completely open source mobile interface and platform for interactions with decentralized apps, running on the Ethereum Network. They also boast the fact that Status is the first mobile Ethereum client entirely based on P2P technologies. They’ve chosen the messenger form because it is familiar to the average smartphone user. On the other hand, it’s designed to maximize the usage of Ethereum’s public blockchain by providing a nimble platform for DApp developers.

Status is an Ethereum node based on the idea of decentralized communication, allowing us to find and transact with each other on a global scale. Status will allow you to do exactly that on the wings of the Whispers Ethereum subprotocol. That being said, it’s still in alpha, so there’s bound to be a plethora of bugs. Status is a community-driven project, so it’s outsourcing the “bug hunt” to us. You can always join their Slack and provide feedback on all the inadequacies found within the platform.

The Status Network token will also be distributed as a modular utility token that fuels the entire Status Network. This will include the governance of the Status client, decentralized push notification market, and community content curation, alongside social communication tools like “Tribute to Talk.” There is also a proposition for DApp Directory, fiat-to-crypto “Teller Network,” sticker market, and demonstrations of the research on a User Acquisition Engine.

Honestly, after reading the whitepaper for the project, we’re not overly convinced the team chose the right sales pitch for Status. If you get even close to understanding the inner works of the idea, you basically end up with a decentralized browser. Decentralization and ICOs are definitely the buzz words nowadays, but we still need to see some unique functionality in order to deem the project worthy of crowdfunding. Status, for the time being, looks like a “bubble within a bubble,” with its heavy DApps and ETH dependance. We also can’t currently see their coin amassing any substantial value, but time will tell whether we’re right.

On a different note, the chosen Smart Contract approach is definitely not the user-friendliest, unless you have a considerable technical background. Average people without computing experience won’t know how to create one.

Why Choose Status

Why Choose Status

On top of the fact that it’s a very interesting project, Status is dedicated to achieving their goals as a community. They work tirelessly on “recruiting” a solid number of users who will take part in making Status the end product it’s supposed to be. On the other hand, if you’re not into the group mentality and prefer the “lone wolf” approach, Status might not be the right ICO for you, especially since they’ll give token purchase priority to the most active users within the Status community.

Contrary to our remarks concerning the level of business ineptness within the Status team, their initial idea is pure gold for the time we’re living in. The usage of mobile apps is threatening to overshadow even desktops and Status is simply riding on that trend. So, from that point of view, investing in Status might be like investing in Firefox back in the day, before it was even a thought.

Mobile phones are not going anywhere. As a matter of fact, they’re the future of personal computing technologies. Just think about it for a moment, your smartphone is more powerful than you desktop computer from a couple of years ago.

ICO Details

The contribution period for Status ICO began on June the 20th and is scheduled to last until 4th of July 2017. The start block number is 3903900. The SNT (Status Network Token) distribution rate is 10,000 per 1 ETH during the contribution period. The first ceiling was set at 12 million CHF.

How To Contribute

In order to address your ETH to the provided Status Smart Contract address, you must agree to their Explanatory Note & Governance Terms and Disclosures. You can make a contribution using MyEtherWallet, Metamask, Mist, Parity or im Token.

Note that you shouldn’t send your ETH from exchanges like Poloniex and Coinbase or through Jaxx. Also, Status doesn’t support multi-signature wallets, so make sure to avoid them since your transaction won’t go through.

Apart from the financial contributions, Status also invites people to join their community and take part in one of the following activities:

  • Software developing
  • Community management
  • Specification/documentation
  • Blog writing
  • Outreach/marketing
  • Testing
  • Security
  • Design & user experience
  • Translating
  • Evangelism (seriously!)

Additional Resources

Status is the first Ethereum Network mobile interface based entirely on P2P technologies, allowing free interactions with decentralized apps. It blunts the impact of bots on social media accounts and their overall manipulation of public opinion. For further information, check out these informative resources:

  • In-depth Status ICO report by Satoshi Fund, one of the most reputable blockchain investment companies, about the Status project and ICO. The report contains information about the features Status provides, elaborates on the ICO model and distribution of SNT tokens, and compares Status to its biggest competitor, Token browser.
  • ChampagneCrypto’s YouTube Review offers an analysis of Status and its ICO. The review includes comments on the potential of the platform and on the articles published on Coindesk and ShapeShift.
  • Status’s YouTube channel offers more than 20 videos related to the Status platform, including a series of interviews dealing with Ethereum, which were created during the Ethereum developers convention Devcon Two, held in Shanghai, China, in 2016. There are also tutorials that can help you install the app.
  • A video of Jarred Hope’s presentation from the Devcon Two conference. In it, Hope explains why his team has chosen the Ethereum blockchain and how the platform works.
  • Status’s subreddit features news and comments about the Status projects. Here, you can find official articles, blogs, user discussions, and much more.

Bottom Line

The rising number of ICOs is a pretty effective stress test for the Ethereum blockchain. There’s no reliable way for us to tell how it’ll handle all the upcoming projects, so we’ll have to wait and see together.

As far as Status ICO is concerned, it’ll probably get funded rather quickly since it is a very interesting project. Our main complaint is the fact that it doesn’t bring anything overly new to the table of smartphone computing. It’s basically a messenger/browser combo with decentralization as its main selling point.


Pros

  • Multi-layered platform
  • Decentralized approach
  • Competent and experienced team behind the project
  • Extremely community-driven ICO
  • Based on the Ethereum blockchain
  • 25,000$ Hackathon

Cons

  • Too DApps dependant
  • Not overly innovative

Status Review
Updated :04.18.2018.
Rating : 9.6/10