Status Enters Final Pre-Deposit Phase — 35M SNT/LINEA Rewards Ahead of Gas-Free Mainnet
Status has entered the final stage of its pre-deposit campaign ahead of a planned gas-free mainnet launch in Q1 2025. The campaign accepts multiple assets (SNT, LINEA, ETH, USDT, USDC, USDS) and offers a combined 35 million token reward pool: 15 million SNT and 20 million LINEA. Participants earn rewards proportional to deposit size and duration and also receive Karma utility tokens that grant governance rights and priority access to gas-free transactions. The campaign is designed to stress-test economic mechanisms, interoperability and security; smart contracts have undergone multiple audits and deposited assets remain under user control with scheduled withdrawal windows. Status has published regional guides (notably a Korean tutorial) to boost participation. The initiative aims to bootstrap user adoption, collect behavioural data, and validate the network before mainnet. For traders, key metrics are the 35M token incentive, multi-asset deposit flows, Karma token distribution (governance + gas-free priority), and the announced Q1 2025 gas-free mainnet timeline — all factors that may affect circulating supply dynamics, on-chain activity and short-term demand for SNT and LINEA.
Bullish
The campaign is likely bullish for SNT and LINEA because it creates near-term demand through a sizeable 35 million token reward pool and concentrates attention and on-chain activity ahead of a gas-free mainnet. Multi-asset deposits and Karma distribution incentivise users to lock or move assets into the Status ecosystem, temporarily reducing circulating supply and increasing network metrics that traders watch (deposit volume, on-chain transfers, wallet growth). The governance and gas-free priority utility of Karma can strengthen long-term user retention, improving adoption signals for both tokens. Historically, well-structured incentive campaigns (token drops, staking rewards, liquidity mining) often produce short- to medium-term price appreciation as liquidity flows in and speculation rises; examples include successful pre-launch incentive programs across Layer-2 and DeFi projects that saw increased token demand prior to mainnet. Risks that could temper the bullish view include large post-campaign sell pressure when rewards unlock, technical issues found during stress tests, or insufficient user uptake. In sum: positive near-term demand and improved network fundamentals support a bullish outlook, but traders should monitor reward vesting schedules, withdrawal mechanics, and on-chain activity for signs of distribution or technical setbacks.