What Is Status Network (SNT )?
The Status Network SNT is an open set of projects building peer-to-peer technologies for people to transact securely, communicate freely, and organize with confidence.
Status is a secure messaging app, crypto wallet, and Web3 browser built with state of the art technology available in mobile and desktop operating systems.
Status allows you to interact with a network at any time, from anywhere. It was originally released in June in 2017.
It is a light client Ethereum node, and has the ability to give you access to all Ethereum decentralized applications (otherwise known as DApps) from an app that is installed on your mobile phone or tablet. This means that users can send encrypted messages as well as access decentralized applications, including a cryptocurrency wallet.
The aim is to build ogethera financial and social technology that empowers people to advance their own sovereign communities.
Who Are The Founders of Status Network SNT ?
The Status network as a whole was founded by Carl Bennetts and Jarrad Hope. Both of them ran a software distribution company prior.
They had a previous work relationship of over six years on various projects, and three of those years were committed to operating a software distribution network, which drove over 20 million installs throughout many software offerings. All of the profits were used to fund their future projects. During this time they were in a unique position to see how personal data on the internet is bought and sold, and how users are acquired and retained as a result..
What Makes Up SNT App.
The Network is building a new decentralized technology stack from low level protocols, to developer tools, to consumer products & applications. Our focus is on security, privacy, and peer-to-peer infrastructure and experiences.
- ProductsProducts to enable local societies and economies to thrive despite volatile governments, social structures, and economies.
- Developer ToolsTooling and systems to allow others to build new products and services suited to their specific needs.
- InfrastructureInfrastructure for local communities to take back sovereignty and remove the reliance on third parties.
Why Build SNT ?
The driving principles is to build the means for freedom to anyone who wants to take control back into their own hands. The team believe that having the means for financial independence, free expression, and community sovereignty should be fundamental human rights.
By providing open, secure internet infrastructure, the hope is to empower emerging communities with resilient means to organize, govern, and build their own communication and economic systems free from surveillance and central banking.
What Makes Status Unique?
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.
The network itself uses Status Network Tokens, or SNT, that are the native currency on the platform. The goal of Status is to make the adoption of Ethereum DApps quicker and more efficient.
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.
How can The Status Network help sovereign communities?
Every individual and community has different needs. The Status Network provides modular sets of tools and infrastructure to help diverse communities around the globe achieve greater autonomy.
Communication :Secure apps for private communication and the freedom to organize.
Commerce : Tools to trade and access open financial services.
Mobile :Enables equal access even in the most remote areas in the world.
Decentralized :Neutral underlying p2p protocols that aren’t controlled by a single company or person.
Open Source: Software for developers to harness a p2p stack to create their own applications that uphold human rights and fosters economic opportunity.
How Many Status (SNT) Coins Are There in Circulation?
The current circulating supply of Status or SNT is at 3,470,483,788 SNT with no maximum supply available. When it comes to the market cap, it is approx. $187,525,492 USD as of February 2021.
SNT is an ERC-20 token that is used to access and power decentralized services in the Status Network. It is an open source project that anyone can use to their specific needs and is verified by the Messari Disclosures Registry.
Where Can You Buy Status (SNT)?
The Status Network Token is a modular utility token that fuels the network as a whole. It is free to use and communicate with, however, you do need SNT to access features of the Status Mobile Ethereum Client.
The top crypto exchanges for buying, selling and trading of Status (SNT) include:
Bittrex, OKEx, Huobi, Coinbase, Binance, Bithub, Gate.io, ZG.com, BiONE, Upbit, and, Bithumb
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