that's probably the simplest explanation of Status Network i've seen in the wild 👌
I love what @StatusL2 is building.
It’s the first gasless L2 on Ethereum that puts its community first, and funds public goods with no sequencer fees or token emissions.
Status Network is leveraging the Linea zkEVM stack to build an L2 with a unique economic model.
The L2 is designed to be fully gasless, meaning users will not have to pay gas fees for transactions, including sending ETH or using dApps.
The L2 captures yield from bridged assets and fees from native applications, which eliminates the need to rely on sequencer fees for revenue.
The network does not rely on token emissions to fund its operations.
All net revenues generated by the protocol are redistributed to the community, which powers liquidity incentives, a public funding pool, and SNT token buy-backs.
You can read more about Status Network here: status(.)network
If you are looking for a project that's truly community aligned, then you should keep an eye on Status Network.
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