Bullshit detector: what's happening with Status after ICO?
10/12/2017

Overview from the team kript.io


What is Status: a messaging platform with a browser, a wallet, smart contracts for users, and a mobile interface to integrate with the Ethereum-based Dapps. Through this application, you can chat, send Ethereum crypto assets, create the smart contracts for exchanging currency into services. For example, you can build a community with an option of a one-time payment. Or, as a freelancer, you can consult people on photography for money.

The platform has an open code. Developers of Status plan that the other developers will take it as a basis to create and integrate their decentralized apps in future. The code on Github.

Status had released an alpha version before launching an ICO. They are not recruiting testers anymore but you can get in the queue and wait until they start again.
Website: status.im

Token trading: 28th June, 2017.

Where to buy tokens: HitBTC, Bittrex, Binance.

Token price: -66,67%.

How much they planned to make/made: 300 thousand ETH / 299,9 thousand ETH ~$103 million.

What their token gives you: an internal currency. As a token holder, you can participate in voting and influence the development of the project.

What will happen to tokens: they've frozen the unsold tokens for four quarters. These tokens will be burned if deemed unnecessary for the further development.
What they promised/made: there is no a roadmap in the whitepaper. We didn't find anything in the blog either except their latest post with approximate plans for 2017:

a beta version in Q2-Q3 of 2017 —✖️
There is only the alpha version so far, and it already has the main features that the developers planned for the beta version. But there is one minus though — only a limited number of people can use the application: around three thousand of iOS and Android users;

the Discover feature — you can discover nearby Status users to exchange fiat currency to ETH — ✔️

a wallet — sending and receiving ETH, reading QR-codes, and transactions' history — ✔️

a messenger — private and public chats — ✔️
Review after ICO:

on 15th August, they released an update for the alpha version — 0.9.10. They also increased the number of Android-users by one thousand;

at the end of August, they launched a monthly chat in a Q&A format in Slack. It's an online-communication between the team and the users of Status;

they publish detailed weekly updates in their blog about the development;

on 4th October, they released another update for the alpha version — 0.9.11. The crew keeps on getting users' feedbacks: there are already 20 errors fixed in the new update;

in the latest report of 10th October the team says that they continue working on the app. To be more precise — they promise to develop a functional wallet fully in the next update;

they maintain a page with a complete documentation of the project where they also report step by step the entire technical part of the development.
Communication: twitter, facebook, blog

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