---
# System prepended metadata

title: 'Status:'

---

# Status: 

#### White paper :  [Status](https://status.im/whitepaper.pdf)

#### Sample Questions : 

(1) what is the objective of status? Which real world problem status is aiming to solve?

Ans. Status is aiming to build the "Next Generation Social Network, the **socio-economic network**". Their aim is to provide a possible solution against the "user-as-product" business model, where advertisers and network providers are getting full profit based on buyig and selling users' data. Their proposed decentralized ecosystem  model is also a possible solution aginst the bad actors like social bots and media manipulation servers that spreads propaganda and rumors across the social media.

(2) What are the utility value extractions of the SNT(Status Network Token)?

Ans. 
- Status Mobile Ethereum Client.
- Decentralized Push Notification Market.
- Decentralize and incentivise open source software development(Governance).
- ENS (Ethereum Name Service).
- Verified Account badge.(Indicator of Trust)
- Tribute to talk.
- Curation Market(Sticket and Meme market).
- Teller Network
- DApp Directory.
- User Acuisition Engine.
- Referral program.
- Spawn new token from SNT. 

(3) Based on the document shared explain Status's performance of 'safety and Ease of use' factor of marketing design.

Ans.  Some of the activities to influence safety and ease of use factor of marketing design and Status's performance are discussed below:
- Resolving asymmetric information
This can be achieved by being transparent to the participants. Status is trying to align incentives for all parties(owner, advertisers, users) and create a
network that naturally promotes behaviours that benefit all participants.
- Staking
The Status Network Token (‘SNT’) will be distributed at a rate of 10,000 SNT per 1 ETH to participants in the Contribution Period. 
- Privacy features and Cryptographic agility
Status is an open source messaging platform and mobile interface to interact with decentralized applications that run on the Ethereum Network.d its related
sub-protocols forming the backbone of Web 3.0 (Swarm; for decentralized file storage and Whisper, for peer-to-peer communication, by which status aims to provide users a medium of agreements that is decentralized, permissionless, trustless, with fair access and is cryptographically verifiable. A medium that maintains an ‘immutable’ transaction record as long as the majority of the Ethereum network collectively agrees.

#### Sample of multiple choice qustions:
(i) "A core part of the Status Network Token is giving users the ability to choose the direction that the software is developed.The amount of tokens you hold at that time becomes your voting power for that decision." - Which design category does the above fall into?

( a ) Marketing design
( b ) Token design.
( c ) Mechanism design. (correct)
( d ) None of the above.
       


# FileCoin : 

#### White paper : [Filecoin](https://filecoin.io/2020-engineering-filecoins-economy-en.pdf)
#### Sample Questions : 





