SGT is an ERC20 token on Ethereum’s Mainnet. We issued them to early adopters and community members. SGT was explained in the Encoding The Status Genesis Block blog post and the exchange of SGT to SNT was explained in the Dynamic Ceilings blog post.

How can I calculate the exchange rate for SGT to SNT?

Inspect the second token transfer from the finalize() transaction at the end of the Contribution Period. You’ll see that the Total SNT allocated for SGT exchanging is 471,505,389.187865805561407178. Next, check out the Token Total Supply of the SGT token. Total SGT issued is 34,644,701.3. The portion of allocated SNT for each SGT token holder can be calculated as: 471505389.187865805561407178 ÷ 34644701.3 = 13.6097403497563 SNT per SGT. You can also refer to our Status Contribution contract (starting line 324) for more details on the calculations.

How soon can I redeem my SGT for SNT?

You can exchange your SGT for SNT immediately after the Contribution Period finishes.

How much time do I have to convert SGT to SNT?

As seen in section 2.2 of our contract: “The Activation of SGT will be possible for a duration of 90 days after the instructions according to para 3 have been published. Status GmbH may extend this period at its sole discretion."

How do I redeem SGT for SNT?

For our SGT token holders, here are the basic instructions on how to redeem your SGT for SNT: Prepare a 0 ETH transaction to send to the Exchanger smart contract address: 0x20a7b20b9c213e6705c72a4216fdbc628a29d06c You’ll need to use a Gas Limit of 200,000 and a Data value of 0xe5225381. The Data value will call collect() on the contract. You will need to have a small amount of ether in your wallet to cover the gas in this transaction. The easiest way to do that is to use MyEtherWallet. In the next section, you’ll learn how to send the transaction to the Exchanger from MyEtherWallet and then verify the transaction with Etherscan.

MyEtherWallet (MEW) instructions