Status (SNT)
$0.054 -12.24%

What if we could align incentives for all parties and create a network that naturally promotes behaviours that benefit all participants? With the issuance of the the Status Network Token ('SNT'), we create a Users-as-Stakeholders network, allowing the behaviour of the network and its software, to become aligned with the interests of its Users. The Status Network Token is required for certain features of the client. In addition, it enables users to steer the direction of development and influence how the network evolves over time. A benefit of this model is the network efects it creates. Just as Facebook shifted our social attention to build network efects on its closed platform, the Status Network Token will leverage our economic attention to build the network efect of an open platform. We believe that cryptoeconomic systems will have even stronger pull than the social ones. Our survival instincts, which heavily influence our economic interests, are stronger than purely social ones, thus leading to faster adoption of Ethereum and tokens as technologies whitepaper -