Status
SNT Rank 475 Rank 475
$0.010723 (-2.91%)

Status SNT price:

$0.010723 (-2.91%)
1h+0.15%
24h-2.91%
Week-15.65%
Month-28.00%
Year-67.31%
ETH 0.00000534 (-0.74%)
BTC 0.00000016 (-1.45%)
$0.010650 24h Range $0.011232
The live Status price today is $0.010723, with a 24-hour trading volume of $2,021,052.69. SNT has changed -2.91% in the last 24 hours.

Status (SNT) Metrics

Basic info
Website
Source code
Asset type
Contract Address
Explorers
Market Cap Rank 475
$42,466,289.00 BTC 616.00
All Time High
$0.675945 04 Jan 18 % to ATH (6,234.28%)
Volume (24h) Rank 764
$2,021,052.69 BTC 29.33
Circulating Supply
Update supply form
3,960,483,788 Total:6,804,870,174

Status Price Chart Live

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Status (SNT)

What is Status?

Status (SNT) is a decentralized open-source messaging platform and mobile interface designed to interact with decentralized applications (dApps) on the Ethereum blockchain. Launched in 2017 by Jarrad Hope and Carl Bennetts, Status aims to provide a secure and private communication tool that integrates seamlessly with the Ethereum ecosystem. The project operates on the Ethereum blockchain, utilizing its smart contract capabilities to facilitate secure messaging, transactions, and dApp exploration. The native token, SNT, serves multiple roles within the Status network, including governance, enabling users to participate in decision-making processes, and as a utility token for accessing various features and services within the app. Status distinguishes itself with its focus on privacy and decentralization, offering features like Whisper protocol for secure messaging and a user-friendly interface for interacting with Ethereum dApps. This positions Status as a significant player in the realm of decentralized communication and blockchain interaction.

When and how did Status start?

Status originated in January 2017 when founders Carl Bennetts and Jarrad Hope released its whitepaper. The project aimed to create a decentralized, open-source messaging platform and mobile interface for interacting with the Ethereum blockchain. Status launched its testnet in March 2017, followed by the mainnet launch later that year. The initial distribution of the Status Network Token (SNT) occurred through an Initial Coin Offering (ICO) in June 2017, which successfully raised funds to support the project's development. These early steps laid the groundwork for Status's growth and its role within the Ethereum ecosystem.

What’s coming up for Status?

According to official updates, Status is preparing for the release of the "V1" version of its app, targeted for the end of 2023. This release focuses on enhancing user experience and improving the overall stability of the platform. Additionally, Status is working on integrating new privacy features aimed at bolstering user security and anonymity within the app. Another key initiative is the development of a decentralized governance model, which is expected to be rolled out in the first half of 2024. This model will allow community members to have a more direct influence on the project's future decisions. These milestones are part of Status's ongoing efforts to create a more robust and user-centric platform, with progress being tracked through their official GitHub repository and community updates.

What makes Status stand out?

Status distinguishes itself through its unique combination of features that blend secure messaging, a crypto wallet, and a Web3 browser into a single application. This integration enables enhanced privacy and censorship resistance, leveraging a decentralized peer-to-peer network. The platform is built on the Ethereum blockchain, utilizing its robust security and smart contract capabilities. Status also stands out with its Whisper protocol, which facilitates private and secure communication. The project emphasizes decentralization not only in its technology but also in its governance model, involving the community in decision-making processes through a decentralized autonomous organization (DAO). This approach fosters a strong, participatory ecosystem. Additionally, Status has developed its own token, SNT, which is used for various functions within the platform, such as governance and incentivizing network participation. These features collectively contribute to Status’s unique position in the blockchain space, focusing on privacy, decentralization, and user empowerment.

What can you do with Status?

The SNT token is central to the Status ecosystem, primarily used for governance, allowing holders to participate in decision-making processes regarding the platform's future. Users can utilize SNT for transactions within the Status app, which functions as a secure messaging platform, crypto wallet, and Web3 browser. This enables users to send and receive payments, access decentralized applications (dApps), and communicate privately. Holders can stake SNT to run a Status node, contributing to the network's security and resilience. Developers benefit from Status by building dApps using its developer tools and integrating their applications into the Status platform, leveraging its user base and infrastructure. The Status app supports various applications and integrations, enhancing its utility for both users and developers in the ecosystem.

Is Status still active or relevant?

Status remains active through continuous development and updates, with the latest release occurring in September 2023. The project focuses on enhancing its decentralized messaging and communication platform, which is a core component of its ecosystem. Status maintains integrations across Ethereum and other blockchain networks, supporting its relevance in the decentralized application (dApp) sector. Recent governance proposals and community votes indicate ongoing engagement and activity within its user base. These indicators confirm that Status continues to be a relevant player in the blockchain communication space.

Who is Status designed for?

Status is designed for consumers and developers, enabling them to communicate and transact securely and privately using blockchain technology. For consumers, Status functions as a decentralized messaging platform and mobile wallet, allowing them to send messages, make payments, and browse decentralized applications (dApps) in a secure environment. Developers benefit from Status through its open-source framework, which provides tools and resources like SDKs and APIs to create decentralized applications that integrate with the platform. Secondary participants such as validators and creators contribute to the ecosystem by securing the network and developing content or applications that enhance user experience. This multifaceted approach helps Status cater to a diverse group of users focused on privacy and decentralization.

How is Status secured?

Status is secured using the Ethereum blockchain, which employs a Proof of Stake (PoS) consensus mechanism. Validators on the Ethereum network are responsible for confirming transactions and maintaining the integrity of the blockchain. They are required to stake a certain amount of Ether (ETH) to participate in the validation process, aligning their incentives with the network’s security. The cryptographic technique used for authentication and data integrity in Ethereum includes the Elliptic Curve Digital Signature Algorithm (ECDSA). Incentive mechanisms in the form of staking rewards are provided to validators for their participation, while penalties, such as slashing, are imposed to deter malicious activities. Status also benefits from Ethereum's robust security model, which includes regular audits and a strong governance framework to ensure the network's resilience and reliability. These mechanisms collectively enhance the security of Status by leveraging Ethereum’s established infrastructure.

Has Status faced any controversy or risks?

Status has faced several controversies and risks primarily involving technical and community factors. In July 2018, the Status team discovered a vulnerability in their Whisper protocol, which could potentially expose user metadata. This was addressed through a patch and a subsequent security audit to ensure the robustness of the fix. Additionally, Status has encountered community governance challenges, particularly regarding the allocation of funds and project direction. These were managed through open governance discussions and community votes to align on project priorities. Ongoing risks for Status include technical challenges related to maintaining privacy and security on its decentralized platform, as well as regulatory scrutiny common to projects operating in the blockchain space. The team mitigates these risks through continuous development practices, regular security audits, and transparency in governance processes. Status also actively participates in bug bounty programs to identify and fix vulnerabilities proactively.

Status (SNT) FAQ – Key Metrics & Market Insights

Where can I buy Status (SNT)?

Status (SNT) is widely available on centralized cryptocurrency exchanges. The most active platform is Upbit, where the SNT/KRW trading pair recorded a 24-hour volume of over $393 972.58. Other exchanges include OKX and Bithumb.

What's the current daily trading volume of Status?

As of the last 24 hours, Status's trading volume stands at $2,021,052.69 , showing a 47.70% decline compared to the previous day. This suggests a short-term reduction in trading activity.

What's Status's price range history?

All-Time High (ATH): $0.675945
All-Time Low (ATL): $0.006029

Status is currently trading ~98.42% below its ATH and has appreciated +134% from its ATL.

What's Status's current market capitalization?

Status's market cap is approximately $42 466 289.00, ranking it #473 globally by market size. This figure is calculated based on its circulating supply of 3 960 483 788 SNT tokens.

How is Status performing compared to the broader crypto market?

Over the past 7 days, Status has declined by 15.65%, underperforming the overall crypto market which posted a 1.81% decline. This indicates a temporary lag in SNT's price action relative to the broader market momentum.

News All News

Education All Education

Status Basics

WhitepaperStatus WhitepaperOpen
Development status Alpha version
Org. Structure Centralized
Open SourceYes
Consensus Mechanism Not mineable
Algorithm None
Hardware wallet Yes
Started 20 June 2017
over 8 years ago
Website
WalletCoins Mobile App
Source code
Asset typeToken
Contract Address
Explorers (1)
Tags
  • Platform (367)
  • Smart Contracts (579)
  • Ethereum (ETH) Token (ERC-20) (13346)
  • Gaming (637)
  • Social Network (144)
  • Decentralized Applications (127)
  • Communication (45)
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Status Team

Name
Position
Other
Jarrad Hope
Co-Founder
-
Carl Bennetts
Co-Founder
-
Nabil Naghdy
COO
-
Rajanie Henry
Assistant to the COO
-
Ben Morris
Head of Incubate
-
Chad Jackson
Product Manager
-
Roman Volosovskyi
Team Leader
-
Andrey Shovkoplyas
Team Member
-
Aleksandr Patiukhov
Team Member
-
Julien Eluard
Team Member
-
Jan Herich
Team Member
-
Eric Dvorsak
Team Member
-
Goran Jovic
Team Member
-
Oskar Thoren
Team Member
-
Dmitry Novotochinov
Team Member
-
Vitaliy Vlasov
Team Member
-
Martin Klepsch
Team Leader
-
Adam Babik
Team Member
-
Frank Mueller
Team Member
-
Ivan Daniluk
Team Member
-
Igor Mandrigin
Team Member
-
F. Eugene Aumson
Team Member
-
Andrea Franz
Team Member
-
Adria Cidre Jugo
Team Member
-
Boris Petrov
Team Member
-
Pedro Pombeiro
Team Member
-
Dmitry Shulyak
Team Member
-
Danilenko Eugene Victorovich
Team Member
-
Anna Danchenko
QA Lead
-
Anastasiya Semiankevich
QA Team Member
-
Anton Danchenko
QA Team Member
-
Yevheniia Berdnyk
QA Team Member
-
Sergey Chumak
QA Team Member
-
Tetiana Churikova
QA Team Member
-
Lukasz Fryc
QA Team Member
-
Ricardo Schmidt
Smart Contracts Developer
-
Richard Roy López
Smart Contracts Developer
-
Jacques Wagener
Python Engineer
-
Michele Balistreri
Developer
-
Arash Mahboubi
Product Manager
-
Andy Tudhope
Bounties Manager
-
Iurii Glukhov
Team Member
-
Alexander Ivanov
Team Member
-
Zahary Karadjov
Team Member
-
Ryan Lipscombe
Team Member
-
Mamy Ratsimbazafy
Team Member
-
Jacek Sieka
Team Member
-
Chris Hutchinson
Community Manager
matrix.to
Muhammad Hadi Ismail
Community Management
matrix.to
Eduardo Garza
Community Manager Latin America
-
Jonathan Zerah
Marketing Manager
-
Kimberly Fournier
Global Marketing Specialist
-
Alli Magidsohn
Creative Strategist and Marketing specialist
Shawn Sabeti
Marketing Specialist
-
Andrei Mironov
Head of design
-
Denis Sharypin
UI/UX Designer
-
Patrick Bowen
Lead UX Research
-
Hester Bruikman
UX Research
-
Euge Ortiz
UX Research
-
Max Risuhin
Desktop Port Team
-
Volodymyr Kozieiev
Desktop Port Team
-
Henriette Herud
HR Operations Manager
-
Stef Chiorboli
People Ops
-
Barbara Franca
Head of Talent
-
Jonathan Barker
Head of People Operations
-

Status Exchanges

Status Markets

By Volume
All CEX DEX
* Price / Volume Excluded - Outlier detected
** Volume Excluded - markets with no fees and transaction mining
*** Volume Excluded - no fresh data from exchange API

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