[SNT] Official Status Network Speculation

[coinalt]

total supply of SNT will be 3billion if 300k ether limit reaches

[SEOcrypto]

^^^
SCAM SCAM SCAM

DO NOT SEND HERE

THIS IS A SCAMMER

ICO HAS STARTED


IMPORTANT
DO NOT send ETH from exchanges like Coinbase, Poloniex, Kraken, or use Jaxx. In addition DO NOT make use of any Multi-Signature wallet as we will not support them and your transaction will not go through. By doing so your ETH may be permanently lost, and the SNT may not be created.

REMEMBER
Your tokens, transactions, wallets and passwords are your responsibility. Protect your keys and passwords, they are unrecoverable. If you lose them someone else may get access to your tokens


CONTRACT/DEPOSIT ADDRESS 0x2b28Df0297508e941a56b97d6355FaE9bb664570

10,000 SNT per 1 ETH

RECOMMENDED GAS LIMIT 200,000

FIRST CAP: HIDDEN

[klf]

So are you guys going to invest on this?

I was in full fomo mode, but after reading a few last messages on this thread I'm not so sure.

There are many other good opportunities will available to invest your money. But when you're not sure then better to avoid that investment and keep the money in your hand to future investment purpose. I'm also not investing in in this but I saw betking is starting ICO so I may consider putting some money in that investment.

[Senkuli]

it seems the ICO is not open to US?

Depending on whether you have enough capital to follow ico,
Anyone can follow the promotional ico given

[Tokenguide]

My PRO's:

- They have been focused on this product since very beginning of 2016
- Status is not a metatoken (whole strata of which have been generated lately)
- 10k+ Slack supportes and very lively GitHub
- Fenbushi as an advisor - they are known for upholding very long-term token distribution approaches
- There are strong rumours they have already collected $40m in presales

My CON's:
- Shaky legal foundation (it's not a security - and it's not available to US)
- These series of hidden caps - seems like a more sophisticated way to extract capital from a FOMO market
- Kik's Kin is around the corner with a 300m strong userbase
- They are called WeChat killer - but Status will really try to follow this strategy, I would rather not put my money in this messenger battle.

These are just the basci concerns, I would share with you my link to my extended review, but it seems it's going to be banned since I am a newcomer.

[Trustor]

Will invest in the ICO for sure

[Crytocoin]

The information above is correct and site.

[ICO-n00b]

This is on the official Status web. Have they been hacked?

[ICO-n00b]

Scam or not?

I did a test by transferring 1 ETH to the address on the official site, but I have still not received nyting back....

[zoose]

When in doubt don't throw away your money.

[thangoffshore]

Scam or not?

I did a test by transferring 1 ETH to the address on the official site, but I have still not received nyting back....

Wtf are you talking about? The Contribution Period has not yet started.

[CryptoPro3]

I do not think it is a scam.

It does NOT start until block 3903900 begins...

You can check sites like this to see if the block has begun in real time:
https://ethstats.net/

Here is the OFFICIAL url for the status contribution:
https://contribute.status.im/

[maddox7]

Scam or not?

I did a test by transferring 1 ETH to the address on the official site, but I have still not received nyting back....

they only announced the contribution address on their website but contribution period not started yet..
starting block will be #3903900 at approx. 2pm GMT

[thangoffshore]

50 million sounds awesome to me.

I think 10 million is the sweet spot, but that's me!

It turns out that the number will be more than 7 billions. What a surprise!

[ICO-n00b]

https://twitter.com/ethstatus

Wtf does this mean? Can we or can't we send funds to the address now?

[thangoffshore]

50 million sounds awesome to me.

I think 10 million is the sweet spot, but that's me!

It turns out that the number will be more than 7 billions. What a surprise!

I just have a quick calculation on the possible maximum total supply amount, so at least it is understandable.

Status has informed about the structure of distribution on its blog, which you can see in the following link, that Public Contributors {means us} will receive 41% of the total supply amount.

https://blog.status.im/distribution-dynamic-ceilings-e2f427f5cca

A Hard Ceiling to be set at 300,000.00 ETH for Contribution, any contribution beyond this will not be accepted.

With the Creation rate of 10,000.00 SNT for 1.00 ETH contribution, the maximum amount of SNT that Public Contributors could be received is 3,000,000,000.00 a.k.a 3 billions and this amount is 41% of total supply amount.

Then the maximum possible total supply amount is 7,317,073,171.00 SNT.

[thangoffshore]

https://twitter.com/ethstatus

Wtf does this mean? Can we or can't we send funds to the address now?

You should stop spamming like this. I've tried and could not find anything new there regarding what you've said.

Thanks anyway.

[kim-yon]

50 million sounds awesome to me.

I think 10 million is the sweet spot, but that's me!

It turns out that the number will be more than 7 billions. What a surprise!

I just have a quick calculation on the possible maximum total supply amount, so at least it is understandable.

Status has informed about the structure of distribution on its blog, which you can see in the following link, that Public Contributors {means us} will receive 41% of the total supply amount.

https://blog.status.im/distribution-dynamic-ceilings-e2f427f5cca

A Hard Ceiling to be set at 300,000.00 ETH for Contribution, any contribution beyond this will not be accepted.

With the Creation rate of 10,000.00 SNT for 1.00 ETH contribution, the maximum amount of SNT that Public Contributors could be received is 3,000,000,000.00 a.k.a 3 billions and this amount is 41% of total supply amount.

Then the maximum possible total supply amount is 7,317,073,171.00 SNT.

Where u See  ETH is the amount of 300k ?

[Zoltes]

https://twitter.com/ethstatus

Wtf does this mean? Can we or can't we send funds to the address now?

The contact has been deployed, but all the funds sent before the beginning of the ICO will just go back wasting the gas.

[thangoffshore]

50 million sounds awesome to me.

I think 10 million is the sweet spot, but that's me!

It turns out that the number will be more than 7 billions. What a surprise!

I just have a quick calculation on the possible maximum total supply amount, so at least it is understandable.

Status has informed about the structure of distribution on its blog, which you can see in the following link, that Public Contributors {means us} will receive 41% of the total supply amount.

https://blog.status.im/distribution-dynamic-ceilings-e2f427f5cca

A Hard Ceiling to be set at 300,000.00 ETH for Contribution, any contribution beyond this will not be accepted.

With the Creation rate of 10,000.00 SNT for 1.00 ETH contribution, the maximum amount of SNT that Public Contributors could be received is 3,000,000,000.00 a.k.a 3 billions and this amount is 41% of total supply amount.

Then the maximum possible total supply amount is 7,317,073,171.00 SNT.

Where u See  ETH is the amount of 300k ?

In Contribution Agreement & Terms and Conditions, after click into "Prepare to Contribute" in their official website. It is marked in below photo.