Status Logo

Status SNT

Status header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$0.07 -4.1%
Market Cap
$287.37M (#189)
Supply
3.88B / 6.80B
Description

Status is essentially an ecosystem that consists of a dApp browser alongside a messenger, that provides users with a gateway through which they can access the decentralized world. You can view it as an interface through which you can interact with dApps, all of which are running on the Ethereum blockchain. If you’ve ever used the AppStore or the Pl...

Status is essentially an ecosystem that consists of a dApp browser alongside a messenger, that provides users with a gateway through which they can access the decentralized world. You can view it as an interface through which you can interact with dApps, all of which are running on the Ethereum blockchain. If you’ve ever used the AppStore or the Play Store, the chances are high that you are familiar with, or can visualize how this works, however, the difference here is the fact that it is fully built on peer-to-peer technology.

Every user can access, browse and interact with thousands of dApps, send as well as receive encrypted P2P messages, use it for payments as well as smart contracts, and store and control private crypto-assets within the Status wallet.

The SNT Token Explained

The Status Network Token (SNT) is required for features of the network to work. The network becomes aligned with the interest of the users that actually hold SNT.

SNT holders can send and receive encrypted messages, smart contracts, and payments, and they can also browse and chat on web3 dApps, which means that they’ll also be able to store and manage crypto-assets through the Status wallet. The interesting part here is that SNT users receive voting power which is based on the tokens they hold, and they can make decisions that affect the entire network. Keep in mind that it does not cost any SNT to vote.

For every proposal and voting, SNT tokens are cloned into voting ballots, and the more SNT you hold, the greater power you have in terms of voting.

Features of Status

Status is designed to interact with dApps on the Ethereum network. It also functions as a messaging platform as well as a web3 browser, and anyone can use the status app for free trade, P2P payments, and encrypted P2P communication. The platform utilizes Whisper V5 protocol in order to delegate nodes and support a decentralized chat.

Status is a community-driven application, where SNT holders can propose solutions, vote, and make decisions regarding the development of the Status software as a whole.

Then there is also the users-as-stakeholders network that allows the behavior of the network, as well as its software, to become aligned with the interest of specific users. This means that the contributors conduct research on the crypto-economic model as well as the peer-to-peer technologies to ensure a solid Status Network. Messages aren’t blocked or censored, and they are pseudo-anonymous when the user ends up selecting this as an option.

Founders of Status (SNT)

The Status Network has two founders.

One is Carl Bennets, and the other is Jerrad Hope.

Both of them ran their own software distribution company before starting this project. In fact, they worked together for six years on different projects, where three of those years were dedicated to opening a software distribution network that actually gained 20 million installs throughout different software offerings, and the interesting part here is the fact that all of the profits were used to fund their future projects.

2. Price

$SNT / USD

2.1. Market Performance

How does Status's (SNT) performance compare to assets of a similar market capitalization?

30 Day Return

-22.8%

SNT

-0.5%

Similar Market Cap

60 Day Return

8.9%

SNT

69.6%

Similar Market Cap

1 Year Return

202.5%

SNT

52.3%

Similar Market Cap

3. Developer Activity

We're monitoring 522 Status Github repos for commits, code additions and deletions. This data is factored into the Developer Rank.

Weekly Commits (All Status Repos)

Commits vs. The Market

  • Past 4 weeks: 307 commits vs. an average of 40
  • Past 12 weeks: 1,142 commits vs. an average of 144
  • Past year: 9,430 commits vs. an average of 980

Most Active Repos

Past week 89
Past 12 weeks 404
Past year 2082
Past week 189
Past 12 weeks 406
Past year 1758
Past week 2
Past 12 weeks 115
Past year 1179
Past week 0
Past 12 weeks 0
Past year 669
Past week 45
Past 12 weeks 134
Past year 664
Past week 127
Past 12 weeks 272
Past year 636
4. Social Activity
Reddit Subscribers 6,110
Active Reddit Users (past 24h) 18
Telegram Users 0
Twitter followers 136,317
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://status.im/
Explorer https://etherscan.io/token/0x744d70fdbe2ba4cf95131626614a1763df805b9e
Twitter @ethstatus
reddit /r/statusim
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