Status Price

Status (SNT) is a cryptocurrency launched in 2017. It functions as a mobile-first operating system for the Ethereum network, integrating an encrypted messenger, a decentralized browser, and a non-custodial crypto wallet into a single application.

The platform targets the friction between Ethereum’s complex desktop-centric dapps and the world’s billions of smartphone users. By packaging a full Web3 stack into an Android and iOS app, Status eradicates the barrier of technical accessibility that has historically throttled mainstream blockchain adoption. A user in Lagos or Jakarta can now interact with decentralized finance protocols, NFT marketplaces, and private messaging channels without ever touching a laptop.

Status operates on the Ethereum network. This architecture inherits the security and composability of Ethereum’s settlement layer, while the mobile client acts as a light node that syncs minimal state data, preserving bandwidth and battery life.

Technically, SNT is an ERC-20 token with a contract address that governs its supply on-chain. The Status client leverages a custom messaging protocol, Whisper integration for off-chain chat, and a DApp browser that enforces content neutrality. Three open-source repositories on GitHub, collectively amassing 3,867 stars, attest to an active development culture. Block explorers like Etherscan validate the token’s supply and transactions, while the contract at 0x744d70fdbe2ba4cf95131626614a1763df805b9e ensures deterministic behavior across the ecosystem.

Co-founders Carl Bennetts and Jarrad Hope first unveiled the Status vision at the Ethereum Foundation’s DevCon2 gathering in Shanghai during September 2016. The project subsequently executed its token generation event and went live on June 19, 2017. A global community coalesced around the promise of a sovereign communication tool immune to platform censorship or surveillance.

The overarching mission extends far beyond chat. Status pursues a society where financial transactions and speech remain permissionless, encrypted by default, and routed peer-to-peer without gatekeepers. It reimagines the smartphone as a sovereign node in a borderless communication fabric, directly challenging the incumbent model of centralized social platforms that monetize behavioral data.

Inside the application, SNT operates as a transferable asset that users store, send, and receive alongside Ether and any ERC-20 token. The wallet interface abstracts away private key management through hierarchical deterministic derivation, letting participants transact with nothing more than a screen name. Its presence across 183 active trading markets underscores broad liquidity.

Actionable utility materializes when a Berlin-based freelancer invoices a client in SNT directly through a chat thread, bypassing payment processors and currency conversion. A street vendor in Buenos Aires can discover and exchange the token for pesos via a local mesh network of Status contacts using Bluetooth proximity discovery. These peer-to-peer flows rely on nothing but Ethereum finality. Traders also access SNT on major venues including Binance, Huobi, and Bittrex.

Status has a total supply of 6,804,870,174 tokens. Currently, 3,960,483,788 are in circulation. With a market capitalization of $39,395,689, Status ranks #553 among all cryptocurrencies.