Status functions as a decentralized browser and operating system for both mobile and desktop platforms, featuring an integrated messaging service. This setup enables users to connect with the network from any location at any time. The platform first launched in June 2017.

Operating as a light client Ethereum node, Status provides access to all Ethereum decentralized applications (DApps) through an app installed on your tablet or mobile phone. Consequently, users can send encrypted messages and utilize DApps, such as a cryptocurrency wallet.

Carl Bennetts and Jarrad Hope established the Status network. Before this, the pair managed a software distribution firm together. Their professional collaboration spanned more than six years across different initiatives, with three of those years dedicated to running a software distribution network that generated over 20 million installs across numerous software products. They reinvested all earnings from this venture into their subsequent projects. This experience gave them a distinct vantage point on how personal data is traded online and how user acquisition and retention strategies are influenced by these practices.

Status (SNT) functions as an open-source messaging app and mobile gateway that enables users to access DApps on the ETH blockchain. Through this interface, individuals can choose from over 2,000 DApps, exchange encrypted peer-to-peer messages, execute payments, and interact with smart contracts.

The platform relies on Status Network Tokens (SNT) as its native currency. Its stated aim is to accelerate and streamline the adoption of Ethereum-based DApps.

Additionally, Status employs a users-as-stakeholders model designed to align network operations and software development with user interests. Contributors are researching a crypto economic model, while peer-to-peer technologies help maintain a robust Status Network.

There are currently 3,470,483,788 SNT in circulation, and there is no defined maximum supply. As of February 2021, the market capitalization stands at approximately $187,525,492 USD.

Status (SNT) operates as an ERC-20 token designed to facilitate access to and support decentralized services within the Status Network. It is an open-source initiative that allows users to adapt it for their individual requirements and has been verified by the Messari Disclosures Registry.

The Status network aims to function as a fully decentralized communication platform, seeking to eliminate third-party intermediaries and reduce potential attack surfaces for malicious entities over time.

Communication on the platform is uncensored and unblocked, offering pseudo-anonymity if the user selects that setting. The Status wallet allows users to send, store, and receive tokens and cryptocurrencies while keeping private keys hidden. When browsing Web3, no third parties can access the end user’s data or browsing history.

A user’s identity begins with a cryptographic keypair generated locally and secured by a password. For peer-to-peer (P2P) messaging, Status employs the Waku protocol, which depends on a peer network to route messages. The system features default end-to-end encryption and perfect forward secrecy, utilizing the X3DH and Double Ratchet specifications from Open Whisper Systems. Funds are held in a non-custodial wallet, and a signing phrase is included to guard against phishing attempts.

The Status Network Token serves as a modular utility token that powers the entire network. While using and communicating on the platform is free of charge, holding SNT is required to unlock features within the Status Mobile Ethereum Client.

Major cryptocurrency exchanges where you can purchase, sell, and trade Status (SNT) include:

Upbit, and