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Token SaleMysterium Token Sale: A Decentralized VPN The Mysterium Network will be a decentralized marketplace for VPN services built using Ethereum smart contracts.Users set up nodes to contribute computing resources to the network.In exchange they collect a fee from clients who agree to pay to use their network resources.Service matching between provider nodes and client nodes, payment service, identity management, and a database of account balances, available service providers, and registered identities are all executed on the Ethereum blockchain.The VPN services themselves are executed off-chain.Mysterium raised about $100,000 dollars in a .Since then, their team has grown from 3 full time employes to 8, they’ve launched a new website, released a detailed technical white paper, and developed an of their VPN service for Linux users.In the months following the token sale, Mysterium plans on developing clients and applications for additional operating systems (including mobile apps) and migrating service to the Ethereum network.

Incorporation status:Foundation in Zug, SwitzerlandTeam openness:Detailed Bios, links to external profilesBlockchain Developer:Technical White Paper: YesAvailable Project Code:YesPrototype:Role of token:Access rightsToken supply:90 millionDistributed in ICO:80 millionEmission rate:No new coins createdBlockchain:EthereumConsensus method: Proof of WorkSale period:May 30th, 2017 to June 13th, 2017First price:1 CHF:1.2 MYSTAccepted currencies:ETHInvestment Round:Second public offeringToken distribution date: Immediately distributedMin investment goal:1 million CHFMax investment cap:6 million CHF SoftcapHow are funds held:Smart contractMinimum Viable Product: Already releasedBonus: 20% before softcap reached Token Sale)submitted by π Rendered by PID 11785 on app-241 at 2017-06-24 11:01:05.032348+00:00 running 3522178 country code: SG.Status is an open source and free mobile client for Android and iOS that allows users to interact with Ethereum decentralized applications via smartphone.

It is not entirely new on the market, but it is the first decentralized solution based on peer-to-peer technologies, having elements of decentralized governance powered by the Status token.Most of the team have been active on Github.According to their public profiles, the co-founders do not have a successful project they co-founded together before Status.There are several strong advisors.Status Alpha with basic features is already available; yet, more complex features are in a concept stage.In terms of token distribution there is a reserve for future stakeholders that can dilute the crowdsale investors but when and how it is not clear yet.AboutStatus is an open source messaging platform and mobile interface which will allow users to access the Ethereum network via smartphone and interact with various decentralized applications (DApps) on Ethereum: from sending payments and smart contracts to friends, encrypted messaging to much more special use-cases.Status Network Token holders will participate in the network’s decentralized governance.

The core difference is that Status, unlike the Token, is truly decentralized: implemented on peer-to-peer technologies and controlled by users.Main featuresA messenger, web 3.0 browser and wallet combinedBuilt on Ethereum peer-to-peer technologies and acts as a node that connects directly to the Ethereum networkSuitable for Android and iOS users allowing them to access the Ethereum ecosystem via smartphoneStatus Network Token (SNT) is an ERC20 utility token (see use cases below)Decentralized push notification market- Whisper V5 protocol for communication will be supplemented with support for push notifications- Users in need of a push notifications service choose a provider by depositing SNT with the provider of their choice- Providers may charge microtransactions for notification and storageDecentralized governance- SNT is used as a voting power to vote on proposals regarding the direction of the software development; voting does not cost any SNT- A proposal can be made by any user- In order to make a decision on a proposal, SNT is cloned into a separate decision token; the amount of tokens held by user becomes her/his voting power- More elements of decentralized governance will be developed laterEthereum Name Service with a social recovery mechanism- SNT will be required by users to reserve a username to identify themselves and signal their participation in the network- When leaving the network, users can withdraw their tokens, and the username will become unreserved and claimable by any other user- To ensure recovery of her/his username, a user creates 5 signed messages, that can then be shared out-of-band with friends or stored in a safe location; a default of 3 of 5 signed messages will be enough to change the username owner- Later KYC/AML requirements via uPort will be incorporated (to be used optionally)Reputation system- Based on TrustDavis (described here and here- Users can deposit SNT against usernames, creating a badge indicating a level of value that username holds and the amount of backers it has- Semi-public group chats can be created where the group creator moderates the group participants based on their economic stake in a specific digital asset or token; creating such a group chat will require a micro-deposit in SNTAnti-spam filter: to contact someone outside their network, users must deposit an amount in SNT which is transferred to the addressee if he/she repliesCommunity curation & attention-based signalling- Users can choose to curate the content displayed by producing signatures on events (“signals”) by upvoting or downvoting content or ideas- Signals must be backed by users’ SNT- Aggregate signals will create rankings of content providers that will be open to useTeller network- The teller network users will be able to find nearby users to exchange their cash for digital assets and currency- Becoming a seller will require SNTDApp directory- Allows to discover most useful DApps curated by community members- SNT will be required for curation and signalingUser acquisition engine- Instead of selling to buyer directly, a seller deposits the cost of an acquisition (“claim on acquisition”), upon which other users acting as predictors play in a contest to predict the claim’s Lifetime ValueSTATUS GENESIS TOKENIssued prior to ICO to community members who supported Status in non-monetary ways during the previous 12 monthsAllocated subjectively by co-founders after a candidate presents a proof of contribution that will be manually reviewed, see blog post for more detailsERC20 compliant and redeemable for SNT after ICO endsThe amount of SNT per SGT will depend on the amount raised during ICOThe share of SGT token holders will constitute up to 10% of the total SNT supplySTATE OF DEVELOPMENTThe application is already available for testing on Android.bitcoin skateboard

The team’s developers have been active on Github (all links are summarized here).One of them, Andrey Shovkoplyas has worked in software development at Reasoning Mind for almost ten years, which is a non-profit that designs computer-based math programs for elementary and middle schools and got the Deloitte RightStep Innovation Prize in 2015.Status also involves software developers from the community.bitcoin capitalizationThe team created a Github Bounty bot, Commiteth, which enables anyone to create bounties for any Github Issue.debian bitcoin makeBounties are paid to the developer upon submitting code that is successfully merged into thecodebase by the Project Maintainer.160 teams have participated in Status Global Hackathon held just before ICO.AdvisorsThe team is advised among others by core developers of Ethereum Foundation Viktor Trón and Zsolt Felföldi; Founding Partner of Fenbushi Capital Bo Shen; CFO of Alpha Associates and Compliance Advisor to Ethereum Foundation Yessin Schiegg; co-founders of Aragon — a blockchain-based project allowing to build decentralized organizations on Ethereum; and the founder of Sourcerers which offers tokenization, crowdsale and recruiting services for Ethereum-based projects.PartnersStatus partners with Userfeeds.io for its community curation and attention-based signalling featuresICOage is an official partner for ICO to enable contributions in Chinese YuanICOICO to buy Status Network Tokens (SNT) starts on 20 June 2017 at 14:00 GMT/UTC and will end on 1 July 2017 at 14:00 GMT/UTC, or within 24 hours after the first ceiling has been reached (see the description of the ICO model below)The exact start date is determined by a block number; the block number and ICO contract address will be announced a day before ICO starts hereContributions are accepted in ETH, and in Chinese Yuan via ICOage (official partners for ICO); contributing in fiat via Bitcoin Suisse AG is no longer available; both fiat providers received a pre-allocated portion of all tokensSelect strategic partners can apply for a guaranteed participation in ICO (ignoring the dynamic ceilings), on the condition they can provide strong value to network in the years aheadFixed price: 1 ETH = 10,000 SNTThe minimum contribution amount is 0.01 ETH (100 SNT)Preliminary first ceiling amount is 12M CHF (Swiss Francs) equivalent in ETH, or around 12.5M USD; final figures will be added to Terms of sale 12 hours prior to ICO depending on most recent exchange rates for ETHThe number of SNT created depends on the amount of contributions receivedSNT received by contributors will be transferrable 1 week after ICO closesICO smart contracts on GithubDraft terms of sale available; the draft, as well as the ICO details above are subject to change prior to ICOICO web pageICO MODELApproach: series of so called Dynamic Ceilings, which are designed to present hurdles for larger contributors, while favouring smaller contributorsThe total amount of contributions will be capped by an initial ceiling, additionalhidden ceilings and a hard ceilingA dynamic ceiling is a fixed upper limit that restricts further contributions until the next upper limit is revealedThe initial ceiling will be made public and will be triggered the moment a specific amount is reached (to be announced 12 hours prior to ICO); it signifies that ICO will end in 24 hours, or sooner if all further ceilings have been revealedAfter the initial ceiling has been triggered, there will be a series of additional hidden ceilings that begin after a given number of blocks; each hidden ceiling decreases in size and is revealed publicly the moment the previous ceiling has been reached; in case contributions exceed the respective hidden ceiling, the exceeding contributions will be transferred back to the sender’s addressOnce the hard ceiling has been reached, the ICO endsThe system allows contributors to continue to participate after the first ceiling has been reached, but reduces the maximum contribution size per ceiling; as a result, larger contributors have to split up their transactions into much smaller ones, incurring more costs per transactionToken distributionTeam’s share: locked in a smart contract with a 24 months vesting period and 6 month cliffReserve for future stakeholders: held by in a multisig address controlled by Status GmbH, locked for at least 12 months and entitled to use to raise further funding, e.g.

to allocate SNT to individual contributors or to organize future crowdsalesFunds distributionSecurity expenses: from Q3 2017 until the mainnet is deployed all new major features released will be subject to security auditsCore development: the funds will go both to core developers (team) and community developers who contribute via CommitethIf the first ceiling of 12M CHF has been reached, given the volatility of Ether, up to 40% of the funds raised will be hedged into CHF/USD/EUR to provide a 18 month runway in a less volatile currencySummaryStatus must become the first peer-to-peer, decentralized mobile client providing users access to the Ethereum ecosystem, with its variety of DApps, via smartphoneStatus is open source and free, and the team actively encourages contributions from within the community developersThe team is investing effort in designing a well-working incentives structureAlpha version for Android and iOS is already available; more complex components related to decentralized governance need further research and elaborationThe team seems to have experienced developers; the co-founders’ track record is not long according to the information openly available: only one project before Status, but a successful oneBacked by strong advisorsCrowdsale contributors will receive 41% of tokens; 20% will go to the core teamThe current crowdsale investors can be diluted when the reserve for future stakeholders is released, but how and when it happens is unclear; their share will also be diluted by a number of opt-outs for selected contributors that ignore the main crowdsale modelUseful linksFor more details on the project check the project’s website, blog, Slack chat or read the whitepaper.For other useful links, check the project’s profile on Cyber•Fund.Satoshi•Fund — blockchain investment company that invests only in blockchain assets since 2014.

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