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Status

SNT

Trade Status on DEX

Status can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

About Status

SNT is an Ethereum token that powers Status Network, a secure messaging app, crypto wallet, and web3 browser. SNT is used to reward network validators and is required for certain actions such as registering user names, and voting on the future of the network.

Status (SNT) is a decentralized platform that combines a mobile and desktop operating system with a browser and a messaging system. It is designed to interact with the Ethereum network, providing users with access to Ethereum's decentralized applications (DApps) from a mobile or desktop device. Status is an open-source platform that provides users with the capability to send encrypted messages, make payments, and utilize smart contracts. The platform uses Status Network Tokens (SNT) as its native currency. Status seeks to facilitate the adoption of Ethereum DApps and align the behavior of its network and software with the interests of its users.

Status operates as a light client Ethereum node, providing users with access to all Ethereum DApps from an installed app on their mobile phone or tablet. Users can send encrypted messages and access decentralized applications, including a cryptocurrency wallet. The platform uses Status Network Tokens (SNT) as its native currency. Status also features a users-as-stakeholders network, where the behavior of the network and its software aligns with the interests of a specific user. The platform's security measures include end-to-end encryption, a locally generated cryptographic keypair for user identity, and a non-custodial wallet for storing cryptocurrency.

Status presents a variety of potential use cases. It can be used as a messaging platform, providing users with the capability to send and receive encrypted messages on a peer-to-peer basis. Users can also make payments and utilize smart contracts. Status provides access to over 2,000 DApps, enabling users to interact with these applications directly from the platform. Additionally, Status can be used as a mobile interface for the Ethereum blockchain, facilitating the adoption of Ethereum DApps. The platform also provides users with the capability to browse through Web3, where end-user data and browsing information is not accessed by any third parties.

Status was founded by Carl Bennetts and Jarrad Hope, who had previously worked together for over six years on various projects, including operating a software distribution network. The Status network was released in June 2017. Bennetts and Hope used the profits from their previous ventures to fund the development of Status. The platform was designed to address the issues they observed with how personal data on the internet is bought and sold, and how users are acquired and retained. The circulating supply of Status or SNT is at 3,470,483,788 SNT with no maximum supply available.

Status contributes to decentralized finance (DeFi) by providing a platform that seeks to facilitate peer-to-peer transactions without the need for a centralized authority. It utilizes blockchain technology and smart contracts with the intention of automating these transactions, thereby aiming to reduce dependency on intermediaries. This decentralized approach is designed to provide individuals with a different way to manage their transactions. Status also supports decentralized applications (dApps) that are designed to facilitate various transactional activities. Status users hold the private keys to their tokens or digital assets, which act like passwords, giving them full custody of their digital assets.

Status primarily uses the Solidity programming language for development. Solidity is a statically-typed, contract-oriented language specifically designed for the Ethereum Virtual Machine (EVM), which is the runtime environment for smart contracts in Ethereum. It is influenced by C++, Python, and JavaScript, and is designed to target the Ethereum Virtual Machine (EVM). Solidity is used with the intention of writing applications that aim to implement self-enforcing business logic embodied in smart contracts, aiming to leave a record of transactions that strives to be non-repudiable and authoritative. While Solidity is the primary language for DApp development on Status, understanding other programming languages like JavaScript, Python, and Rust may be beneficial in the broader DApp and blockchain development landscape.

Status strives to maintain user data in a secure manner, making it inaccessible to unauthorized entities. Status does not store chats or share data, and all chats and video communications are encrypted. Messages are removed from servers after delivery, and all files are deleted after a period of one month. This approach to privacy is a characteristic of Status. Additionally, Status replaces the need for a phone number with a unique ID, further maintaining user anonymity. This commitment to privacy is a characteristic of Status, which may be of interest to those who are conscious about their privacy.

Market

Market stats

Market cap

$153.0M

Volume (24h)

$3.7M

Circulating supply

3.9B SNT

Typical hold time

Not enough data

Popularity

#336

All time high

$0.68

Market performance

Price change (1h)

-0.79%

Price change (1d)

-1.28%

Price change (1w)

-5.01%

Price change (2w)

-4.57%

Price change (1m)

-9.65%

Price change (1y)

+55.99%

News about Status

BeInCrypto • May 04, 24

Veteran Analyst Peter Brandt Shares 8 Tips for Aspiring Crypto Traders

Peter Brandt shares crucial advice for aspiring crypto traders focusing on skill development, financial preparation, and realistic expectations about success rates.The post Veteran Analyst Peter Brandt Shares 8 Tips for Aspiring Crypto Traders appeared first on BeInCrypto.

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The Block • May 04, 24

The Funding: Ethereum restaking, DePINs, Bitcoin ecosystem and RWA tokenization lead crypto VC trends

Crypto VC funding has surpassed $4B so far this year, driven by Ethereum restaking, DePINs, Bitcoin ecosystem and RWA tokenization verticals.

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The Block • May 04, 24

Sui creator says crypto’s “ChatGPT moment” coming as protocol celebrates mainnet’s first year

Mysten Labs CEO Evan Cheng waxes optimistically about the future of his blockchain and traditional tech's interest in web3.

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Blockworks • May 04, 24

Funding Roundup: a16z made a $90M bid on Optimism

Ex Revolut executive received $6.5 million from investors to create hybrid exchange x10

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BeInCrypto • May 04, 24

Polygon (MATIC) Price Stuck in Consolidation, But Bull Rally Could Be Near

MATIC price has a shot at breaking out of the persisting consolidation and post a rally provided the investors continue to refrain from selling.The post Polygon (MATIC) Price Stuck in Consolidation, But Bull Rally Could Be Near appeared first on BeInCrypto.

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Unchained • May 04, 24

Hedge Fund MEV Capital Trying to Bring DeFi to the Masses

DeFi-focused hedge fund firm MEV Capital is extending from its institutional roots to make a first-time play for retail investors.  Gytis Trilikauskis, MEV’s chief operating officer and general partner, said the asset manager has incubated Amphor, a new decentralized finance (DeFi) protocol that ...

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Social

Some highlights about Status on social media

179 unique individuals are talking about Status and it is ranked #510 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Status has an average sentiment score of 3.3 out of 5. Finally, Status is becoming more newsworthy, with 0 news articles published about Status. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Status. There were 58.33% of tweets with bullish sentiment compared to 12.5% of tweets with a bearish sentiment about Status. 29.17% of tweets were neutral about Status. These sentiments are based on 48 tweets.

On Reddit, Status was mentioned in 0 Reddit posts and there were 0 comments about Status. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

179 people

Posts

56 posts

Dominance

0.01%

Volume rank

#510

Average Sentiment

3.3 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Status is on the decline this week.

The price of Status has decreased by 0.79% in the last hour and decreased by 1.28% in the past 24 hours. Status’s price has also fallen by 5.01% in the past week. The current price is $0.0394 per SNT with a 24-hour trading volume of $3.71M. Currently, Status is valued at 94.17% below its all time high of $0.68. This all-time high was the highest price paid for Status since its launch.

The current circulating supply of Status is 3,882,828,217.864 SNT which means that Status has as total market cap of 3,882,828,217.864.

FAQ

What is the current price of Status?

We update our Status to USD currency in real-time. Get the live price of Status on Coinbase.

What is the market cap of Status?

The current market cap of Status is $153.03M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Status?

The all-time high of Status is $0.68. This all-time high is highest price paid for Status since it was launched.

What is the 24 hour trading volume of Status?

Over the last 24 hours, the trading volume of Status is $3.71M.

What other assets are similar to Status?

Assets that have a similar market cap to Status include Stratis [Old], USDJ, Marlin, and many others. To see a full list, see our comparable market cap assets.

How many Status are there?

The current circulating supply of Status is 3.9 billion.

What is the relative popularity of Status?

Status ranks 216 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Status?

Currently, 67% of Coinbase users are buying Status. In other words, 67% of Coinbase customers have increased their net position in Status over the past 24 hours through trading.

Can I buy Status on Coinbase?

Yes, Status is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Status guide.