Status


Name

Status

Summary

Status is a mobile operating system that combines a decentralized browser and private messenger for the Ethereum network.
Safely send, store and receive cryptocurrencies including ERC20 and ERC721 tokens with the Status crypto wallet.
It was originally released in June in 2017.

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Rating

BBB

Symbol

SNT

Overview

Status, or SNT, is an open-source messaging platform as well as a mobile interface. This interface allows its users to interact with DApps running on the ETH blockchain. In return, users get over 2,000 DApps, can send and receive encrypted messages on a peer-to-peer basis and can make payments as well as utilize smart contracts.

There is also a users-as-stakeholders network that allows the behavior of the network and its software to become aligned with the interests of a specific user. The contributors conduct research on a crypto economic model, and peer-to-peer technologies can ensure a healthy Status Network.

Historical Price Movement (in INR)

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Technology

The secure messenger is actually a communications network and is optimized for privacy, security, and censorship resistance. Status currently utilizes the Whisper protocol to provide message transport in a decentralized way while also providing obfuscation of routing information. All messages are then end-to-end-encrypted so that only the users and their intended recipients can read the contents.
The wallet manages a user's Ether and associated tokens to provide a single interface for users to manage their funds. It is also accessible inside the messenger, to allow the functionality of sending and receiving digital assets in conversations. As with the messenger, the wallet is optimized for security, all interaction requires verification on the application side so that the user can be sure they are interacting with who they think they are in the way they intend.
The web3 browser allows a user to safely and securely browse decentralized applications on Ethereum, linking their preferred wallet account to interact.

Use of Native tokens in the ecosystem: The network itself uses Status Network Tokens, or SNT, that are the native currency on the platform.

Core Development

50%

Security

15%

Operations

15%

Marketing & Legal
Volume ( as of 9th May 2022)

$9,295,889

Total Supply

6,804,870,174 SNT

Circulating Supply

3,940,483,788 SNT

Crowd Sales

16-06-2017-ICO- $107M

Funding

NA

Country

Switzerland

Name of Organisation

Status Research & Development GmbH

Year Incorporated

2017

Registered Address

Baarerstrasse 10 6302 Zug

Dispute Resolution and Governing Law

Switzerland

Country Risk Assessment

A1

Founding Team
Name Designation Education Experience
Carl Bennetts Co-founder - 12 yrs
Jarrad Hope Co-founder - 12 yrs
Links