Status carries out the program for remuneration of early participants

Recently in the blog Dzharrad Hope (JARRAÐ HOPΞ), one of founders of the project, I wrote that the command decided to support early followers and to distribute some part of tokens of SGT. Those participants who wrote articles, did video can claim for their receiving or otherwise I supported this project.

It is no secret that recently many ICO come to an end very promptly. What is even more tragic, in several minutes only a few tens of addresses from which the maximum contributions go manage to take part. It is difficult to call fair distribution in case of which the main part of tokens is in hands of a limited circle of "Whales". And it very badly is reflected in all community which is the real value of any project. In this regard, developers of different projects which plan carrying out ICO in the nearest future consider different diagrams designed to promote more equitable distribution of tokens. The Status command decided to apply the approach.

Status carries out the program for reward of early participants

The day before yesterday Dzharrad Hope (JARRAÐ HOPΞ), one of founders of the project, in the blog I wrote article in which I explained vision of the Command on a question of distribution of tokens. As he emphasized, they would like to carry out more democratic distribution. Therefore they set a goal — as much as possible to increase quantity and quality of holders of tokens.

Tokens of SGT (Status Genesis Tokens) will be for this purpose released. These tokens will be distributed between those who supported decentralization, and by means of Dynamic Ceilings the command will try to give preference to a large number small-sized investors before large.

Status Genesis Tokens

Status couldn't become such what it is without support of community Ethereum today. There were many people who made the contribution to development of the platform and all community Status.

Therefore, the command decided to create tokens of Status Genesis ("SGT") to thank all those who believe in decentralization and helped Status grow. The token of SGT allows a command to support the free culture and a meritocracy — to reward those who helped different not monetary methods. Holders of a token of SGT can transfer them to SNT tokens right after completion of the period of a contribution.

51% of a total quantity of Status Network Tokens (SNT) are available during contributions, and at most 10% of total amount of future distributed tokens will be selected to holders of SGT. The total amount of the tokens of SGT planned for distribution makes 50000000,0. At the time of writing of article in the blog of the author, the command spreaded 19132396,5 SGT, that is 3,83% of the total amount of a sentence were selected.

The diagram of distribution of tokens looks as follows.

How it is possible to receive SGT tokens?

From this day to June 17 developers will distribute SGT tokens that who can prove that they have helped to develop community or that they are a part of community Status. They have installed the boat in the channel #status in Slack which allows any participant of this messenger to publish the proofs. If you are able to convince 5 or more other associates that you the active participant of the project and they will vote for you having put reaction under your message it is pleasant (heart), then you receive the answer in the form of the sgt badge. Founders of the project Dzharrad and Karl in manual will look through all representations which have reached 5 reactions it is pleasant (heart) therefore it will be impossible to deceive system.

How it looks in practice?

As I wrote many articles about Status, I have decided to take advantage of the offer and to place in the corresponding Canala in Slack the messages. I want to tell at once that I have no special friends there. I have been registered as the ordinary user. Therefore I could be convinced of that how fair such approach of developers is. Screenshots of my messages are given below.

As it is possible to see, my messages in several hours collected necessary 5 votes and were noted by developers the special sgt badge. Now I will wait for a management as it will be possible to receive SGT tokens.

I write about it with the purpose to induce other participants to follow this proposal of developers. Till June 17 time still suffices and you can easily manage to write article about Status, to shoot video or just to invite someone from friends in Slack. The main thing, is important to provide you confirmation of your participation in promotion of the project. I don't doubt that developers will appreciate work of everyone.

If you can't receive the invitation to Status channel in Slack, then address me in Roket Chat.

In end I wanted to pay attention to new video Status which appeared today on an official channel to Youtube.
https://www.youtube.com/watch?time_continue=69&v=Je7yErjEVt4
Source: aleco