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When was Status(SNT) coin issued?
Status Network Token (SNT) was issued through an Initial Coin Offering (ICO) in June 2017, raising $73.5 million.
Dec 09, 2024 at 05:04 pm
When Was Status (SNT) Coin Issued?
Introduction:
Status (SNT) is a decentralized messaging and communications platform built on the Ethereum blockchain. It offers a range of features, including secure messaging, decentralized applications, and a marketplace for digital content.
Timeline of Status Coin Issuance:
1. Concept and Development (2014-2017)
- Status was conceived in 2014 by Carl Bennetts, Jarrad Hope, and Chris Coyne.
- The project received funding from a successful crowdfunding campaign in 2017, raising over 97,000 ETH (approximately $30 million at the time).
2. Token Issuance (June 2017)
- The Status Network Token (SNT) was issued through an Initial Coin Offering (ICO) in June 2017.
- The ICO sold 350,000,000 SNT (60% of the total supply) at a price of $0.21 per token, raising a total of $73.5 million.
3. Launch of Status (November 2017)
- The first version of the Status decentralized messenger was released in November 2017.
- The app initially supported basic messaging, token storage, and Ethereum network interactions.
4. Mainnet Launch (January 2019)
- Status launched its mainnet in January 2019, marking the full transition to a decentralized platform.
- The mainnet introduced features such as Whisper (encrypted messaging), the Status Marketplace, and support for decentralized applications (dApps).
5. Network Expansion and Updates (2019-Present)
- Status has continued to develop and expand its network, adding new features and partnerships.
- Notable updates include the integration of Ethereum Name Service (ENS), support for non-fungible tokens (NFTs), and the introduction of the Status Developer Kit.
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