The Status Meritocracy allows Contributors to show their appreciation of other Contributors efforts in Status.

The Status Meritocracy is a SNT Reward System that allows a Contributor in the registry to award allocated SNT, along with praise, to other Contributors.

The DApp will also display a leaderboard of Contributors who have been awarded the most and have participated the most in the Meritocracy, along with their praise

• Allow Contributors to build social capital, ideally in the form of Merit (degrades to popularity?)
• Reward Contributors for impressing Contributors

Abilities:

• can send SNT to the Meritocracy contract, which is allocated evenly over Contributors
• can award allocated SNT to Contributors
• can withdraw SNT awarded to them, only when they have awarded all their allocatable SNT (or it has been forfeited by Admins)

Abilities:

• add/remove Contributors
• set upper limit of Contributor registry
• forfeit all Contributors allocatable SNT (but not awarded), can only be called once a week.

Abilities:

• is Admin
• can add/remove Admins,
• can changeOwner
• can change ERC20Token contract address
• can recover funds