Status.im ICO Raises Over $100 Million in Under 3 Hours

The Status ICO that launched earlier today raised over $100 million in less than 3 hours. Status.im is an open source mobile DApp browser and messenger built for Ethereum. Some investors are criticizing the amount raised claiming there is no reason a messaging app needs so much startup capital. Furthermore, many interested contributors experienced difficulties sending transactions from MyEtherWallet, leaving a sour taste in their mouth.

According to reports, at the time of launch many users were unable to send funds to the ICO address from MyEtherWallet. Some complained that while a transaction would broadcast, it wouldn’t show up on the Ethereum blockchain. Others couldn’t even get a signed transaction to show up.

It is unfortunate that services cannot keep up with the demand for recent ICOs because as investors get their hopes up about contributing to an upcoming ICO, they get let down when unable to participate in them. When these ICOs hit the markets, these potential investors are less likely to participate since their first experience with the project was disappointment.

In short, Status launched their ICO earlier today offering 10,000 SNT per 1 ETH. It looks like the total value of the ICO will be at $275 million, putting it above The DAO, which raised close to $150 million in funds.

Putting such a value on a messaging app for mobile devices may seem ridiculous to some, even Google didn’t have that kind of startup money. It is interesting to see whether or not the app will live to its expectations and whether token holders will see a return on their investment.

Don’t get me wrong, the Status team is highly reputable and are sure to live up to their expectations. I wouldn’t be surprised to see the token double or triple in price after it hits the exchanges. Just remember that greed is also at play here, and its consequences can really hurt the reputation of Ethereum and the ICOs in general.

As NuclearCoffe77 said:

“What happens when it turns out the output will be less than the input? ICOs like these can be very damaging to the trust in new ICOs overall.”

If you didn’t get a chance to participate in the ICO there will still be plenty of opportunities to purchase tokens in the future. You can always purchase Status from exchanges or through forums from others looking to sell. Furthermore, with the abundance of upcoming ICOs there will be plenty of other intriguing projects looking to raise funding.

Moreover, in order to avoid any difficulties in the future it is a good idea to host your own Ethereum wallet. While MyEtherWallet dumbs down Ethereum to users, at times of peak traffic these services may get bottlenecked and stop working.

Running your own Ethereum node is the only sure way to make sure your transactions get signed and broadcasted. Mist is a great wallet as it runs a node on your computer, you can find a step by step tutorial on how to set up the Mist wallet on this Medium post.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

223 Comments

  1. saxonlucius June 20, 2017
  2. London Stax June 20, 2017
  3. John Smith June 20, 2017
  4. Michael Kisselgof June 20, 2017
  5. Dog June 21, 2017
  6. Johana Aizprua June 21, 2017
  7. Thomas T Meredith June 21, 2017
  8. Leonard Mills June 21, 2017
  9. Tex Brannon June 22, 2017
  10. Dich Vu MuaBanNhanh June 17, 2020
  11. an lac tan June 17, 2020
  12. Odette June 17, 2020
  13. an lạc tân June 18, 2020
  14. digital printing June 18, 2020
  15. digital printing June 19, 2020
  16. escort Dubai June 20, 2020
  17. an lạc tân June 20, 2020
  18. Eugenio June 22, 2020
  19. Fast Printing June 22, 2020
  20. Fast Printing June 23, 2020
  21. anlactan.com June 24, 2020
  22. fast printing company June 26, 2020
  23. Kinh doanh dich vu June 27, 2020
  24. advertising printing June 27, 2020
  25. ปั้มไลค์ July 15, 2020
  26. SMS July 15, 2020
  27. Kinh doanh dich vu July 17, 2020
  28. an lac tan July 19, 2020
  29. Dich Vu MuaBanNhanh July 26, 2020
  30. Microfiber Pads August 4, 2020
  31. Dich Vu MuaBanNhanh August 4, 2020
  32. Kinh doanh dich vu September 6, 2020
  33. cách chơi poker mậu binh September 29, 2020
  34. try this September 30, 2020
  35. cialis online November 13, 2020
  36. gái gọi long an November 14, 2020
  37. Andrew Tagaban November 14, 2020
  38. buy viagra December 7, 2020
  39. cialiMi December 7, 2020
  40. cialiMi December 7, 2020
  41. cialiMi December 8, 2020
  42. cialiMi December 8, 2020
  43. viagra without presc canada December 9, 2020
  44. cialiMi December 9, 2020
  45. viagra December 9, 2020
  46. cialiMi December 9, 2020
  47. viagra online December 13, 2020
  48. llevitraaa December 14, 2020
  49. wincial.com December 14, 2020
  50. OrdSaits December 14, 2020
  51. finasteride December 16, 2020
  52. Vdlsst December 16, 2020
  53. Vdlsst December 17, 2020
  54. Cialst December 17, 2020
  55. www.withoutscript.com December 18, 2020
  56. Cialst December 18, 2020
  57. Ucuz takipçi satın al January 13, 2021
  58. gai goi cao cap ha noi January 14, 2021
  59. 과유불급 January 16, 2021
  60. Robertneoff January 18, 2021
  61. anals porns January 18, 2021
  62. see here local electrician January 20, 2021
  63. Brucetop January 22, 2021
  64. Brucetop January 23, 2021
  65. instagram takipçi arttırma January 24, 2021
  66. Robertcaurf January 26, 2021
  67. Robertcaurf January 27, 2021
  68. Simon Morel January 27, 2021
  69. George Huizar January 28, 2021
  70. Robertcaurf January 28, 2021
  71. Charles Adams January 29, 2021
  72. Robertcaurf January 29, 2021
  73. Mendy Anderson January 29, 2021
  74. cheap flights January 29, 2021
  75. Money Loan January 30, 2021
  76. Conradgag January 30, 2021
  77. Phil Almodova January 30, 2021
  78. Conradgag January 31, 2021
  79. Elizabeth Mccurdy January 31, 2021
  80. Bad Credit January 31, 2021
  81. Amos Heath February 1, 2021
  82. buy cialis online February 1, 2021
  83. Online Loan February 1, 2021
  84. Conradgag February 2, 2021
  85. Kiaarbig February 2, 2021
  86. cheap flights February 2, 2021
  87. tinyurl.com February 2, 2021
  88. Kiaarbig February 2, 2021
  89. Patricia Kamrowski February 2, 2021
  90. Conradgag February 3, 2021
  91. tinyurl.com February 3, 2021
  92. Curtis Holt February 3, 2021
  93. Lisaarbig February 3, 2021
  94. Payday February 4, 2021
  95. Richard Lindauer February 4, 2021
  96. Kiaarbig February 5, 2021
  97. Mathewcot February 5, 2021
  98. Andrea Kreuter February 5, 2021
  99. Loan Cash February 5, 2021
  100. Amyarbig February 6, 2021
  101. coumadin 1 mg united kingdom February 6, 2021
  102. Mathewcot February 6, 2021
  103. Matthew Cassata February 6, 2021
  104. aralen uk February 6, 2021
  105. buy zithromax azithromycin February 6, 2021
  106. Eleanore Renner February 7, 2021
  107. Mathewcot February 7, 2021
  108. Kiaarbig February 7, 2021
  109. Daviderode February 7, 2021
  110. Lisaarbig February 7, 2021
  111. EzuzvvBic February 8, 2021
  112. Daviderode February 8, 2021
  113. WilliampricA February 9, 2021
  114. Lisaarbig February 9, 2021
  115. vreyrolinomit February 9, 2021
  116. WilliampricA February 10, 2021
  117. Kiaarbig February 10, 2021
  118. Carltonagita February 11, 2021
  119. Pay Day Loans February 11, 2021
  120. http://tinyurl.com/y5fs3lws February 11, 2021
  121. Online Loans February 11, 2021
  122. Cash Loan February 12, 2021
  123. Carltonagita February 12, 2021
  124. Carltonagita February 12, 2021
  125. web February 13, 2021
  126. Quick Loan February 13, 2021
  127. Carltonagita February 13, 2021
  128. Online Loan February 14, 2021
  129. Lisaarbig February 15, 2021
  130. Spotloan February 15, 2021
  131. Kiaarbig February 16, 2021
  132. Lisaarbig February 16, 2021
  133. Direct Lenders February 16, 2021
  134. https://kroogi.com/ February 17, 2021
  135. BuddySob February 17, 2021
  136. frolep rotrem February 17, 2021
  137. BuddySob February 18, 2021
  138. Quick Loan February 18, 2021
  139. Loans For Bad Credit February 19, 2021
  140. Lisaarbig February 19, 2021
  141. BuddySob February 19, 2021
  142. Kiaarbig February 20, 2021
  143. Lisaarbig February 20, 2021
  144. Bad Credit February 20, 2021
  145. BuddySob February 20, 2021
  146. Lisaarbig February 21, 2021
  147. Kiaarbig February 21, 2021
  148. Pay Day Loans February 21, 2021
  149. BuddySob February 21, 2021
  150. Lisaarbig February 22, 2021
  151. BuddySob February 22, 2021
  152. Best Payday Loan February 22, 2021
  153. Fastest Payday Loan February 23, 2021
  154. Amyarbig February 23, 2021
  155. Getting A Loan February 23, 2021
  156. Pay Day Loan February 23, 2021
  157. BuddySob February 23, 2021
  158. Cash Loan February 24, 2021
  159. Kiaarbig February 24, 2021
  160. BuddySob February 24, 2021
  161. Amyarbig February 25, 2021
  162. Lisaarbig February 26, 2021
  163. Pay Day Loans February 26, 2021
  164. brujos de santo domingo February 27, 2021
  165. Kiaarbig February 27, 2021
  166. Payday Loans February 28, 2021
  167. ClarkGaino February 28, 2021
  168. brujo near me February 28, 2021
  169. Pay Day Loans March 1, 2021
  170. Kiaarbig March 1, 2021

Leave a Reply