Since 2 days left for the Status ICO , Before you buy it make sure to understand it and get prepared to get it as soon as the initial offering start on 20th June 2017
What is Status ?
Status is an open source messaging platform and mobile browser to interact with decentralized applications that run on the Ethereum Network. With Status your mobile device becomes a light client node on the Ethereum Network, enabling you to access Ethereum’s entire ecosystem from anywhere.
Before you invest , I must recommend you to download the aap and play around with it to get the look and feel of it
Android Phone user use the below link to download the App
https://play.google.com/apps/testing/im.status.ethereum
IPhone user , you may need to wait couple of days more to get this app
Also watch this interesting video explaining how it works
Few features of Status
Staus is a community building DApp (Distributed Application) that intendeds to produce and support an interface to the ETH blockchain
Status runs on the Ethereum Network and is a open source messaging platform
Send and receive encrypted messages, smart contracts, and payments
Store and control crypto-assets with the built-in Status Wallet
What is pre requisite to get Status ICO ?
DO NOT send ETH from exchanges like Coinbase, Poloniex, Kraken, or use Jaxx. By doing so your ETH may be permanently lost, and the SNT may not be created.
So you need to have Ethereum wallet before hand .
Have a MyEther wallet .
If you dont have yet the follow the bellow steps to create a my ether wallet .
https://steemit.com/bitcoin/@aadyashakti/how-to-create-myetherwallet
Also you can use metamask wallet or Mist (Ethereum Wallet)
Now the BAD PART :-(
While participating in the ICO , you need to click on certain condition
One of them is
I hearby confirm that I am not a US Citizen or resident , nor am I signing on behalf of a US citizen or resident.
So I can't buy it now unfortunately. I need to wait for it to be listed on any network.
All the best outside USA followers . Its a a good one to have it for long term. Soon I will post the steps of how to go for the initial offering
All the Best !!
Are you sure residents of the USA cannot participate? What if we just answer, "not a US resident" when they ask? Or, what if we use tor....or a proxy?
Why cant US folks use it?
Dont Bro , I am disappointed too ..but no choice
Can you look up and tell why US residents cannot participate in some of these ICOs? Also are you sure is it merely the ICO part which is the problem or US residents cannot be "invested" in them. Which means its not permissable to buy them from an exchange either?
Yeah, this makes no sense.
Hello, I realy like your post, you have been followed and you can do the same here @valhalla-hash
Great post. Do you know when they will open this up to USA residents?
Not related to this post but a thank u to your prior post on how to buy Veritaseum on MyEtherWallet. It was very helpful. Much mahalo. Aloha!
great post @aady! could you check it out what i just wrote on status and give me a feedback? it would be awesome! https://steemit.com/cryptocurrency/@andreolf/status-ico-is-over-99-704-035-88-raised-in-less-than-day
In the U.S it is considered a security it is just like investing in IPOs ... It does make sense as it is a currency. Although I hate it too ... there are ICOs popping up everywhere so the U.S. must protect it's right to have a hand in the pot :-)