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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