Status
Current price
$0.00718
−5.29%24h
LiveUpdated 22s ago
TodayStatus drops 5.3%, trailing the market.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.55%
- 24 hours−5.29%
- 7 days−9.61%
- 30 days−5.43%
- 1 year−62.31%
Status's move in context
Lagging the market today
−5.29% today against −3.24% for the market as a whole, a gap of 2.0 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−9.6% over 7 days and −5.4% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Status
Overview
Status is a decentralized messaging app, crypto wallet, and Web3 browser built on the Ethereum blockchain. Its primary mission is to enable individuals to communicate freely, securely, and privately while interacting with decentralized applications (dApps) and managing their digital assets. Status aims to disrupt traditional messaging platforms by providing an open-source solution that emphasizes user control, privacy, and censorship resistance. One of the distinguishing features of Status is its integrated wallet, which allows users to store, send, and receive various cryptocurrencies natively within the app. Moreover, Status emphasizes the importance of decentralized governance, enabling users to have a voice in the evolution of the platform.
Technical Features
Status operates on a unique combination of technologies that ensure a secure and efficient user experience. At its core, it utilizes the Whisper protocol for messaging, which allows users to send encrypted messages in a peer-to-peer manner, ensuring privacy and security. This protocol is designed to support decentralized communication without relying on centralized servers. Status also employs a state-of-the-art consensus mechanism known as Proof of Work (PoW) for network validation, enhancing the overall security of the ecosystem. The architecture of Status is built on top of the Ethereum blockchain, enabling it to leverage Ethereum’s smart contract capabilities while ensuring that user data remains private through end-to-end encryption. Additionally, Status leverages a host of unique algorithms to facilitate seamless interactions between users, dApps, and cryptocurrencies.
Use Cases
Status serves as a multifunctional platform offering a variety of use cases in the Blockchain ecosystem. One primary application is in the realm of decentralized finance (DeFi), where users can trade and manage their crypto portfolios without third-party intermediaries. The app allows for governance interactions where token holders can participate in decision-making processes regarding updates and roadmap directions. Status also supports non-fungible tokens (NFTs), enabling users to view, buy, and trade NFTs within the platform. Furthermore, Status facilitates cross-border payments, allowing users to send and receive cryptocurrencies globally, minimizing transaction costs and processing times, and ensuring secure transfers. Its smart contract functionality allows users to engage with multiple dApps seamlessly and securely through the browser feature.
Development Background
Status originated in 2016 when a team of developers recognized the need for private and secure messaging solutions in the burgeoning cryptocurrency space. The project quickly gained attention and support from the Ethereum community, leading to significant contributions from developers worldwide. In 2017, the Status Token (SNT) was launched through an Initial Coin Offering (ICO), which further bolstered the project’s development and outreach efforts. Since its inception, Status has undergone significant upgrades and improvements, including the implementation of new features and security enhancements. The continuous development is supported by a committed team and open-source contributions from its vibrant community.
Community and Ecosystem
Status boasts a robust ecosystem driven by a diverse community of developers, users, and advocates. The development support comes from both formal contributors and an active community that participates in the improvement of the platform through feedback, code contributions, and community-driven initiatives. Partnerships with various blockchain projects and integration with other dApps enhance its utility and user experience. Moreover, Status is involved in fostering education about Web3 technologies and privacy-focused platforms, encouraging the growth of a knowledgeable and engaged user base. The ecosystem is enriched by various applications that developers create, ranging from trading platforms to decentralized applications.
Future Potential
The future potential of Status is significant, as the cryptocurrency landscape increasingly emphasizes privacy, security, and decentralization. With ongoing developments and roadmap enhancements, Status aims to expand its functionality by integrating more dApps and features that cater to user needs. The anticipated advancements in decentralized identity solutions and improvements to user interface design could further enhance user adoption. Having positioned itself at the intersection of messaging, financial transactions, and decentralization, Status is poised to make a considerable impact in the Web3 ecosystem, fostering a new paradigm of user empowerment and autonomy in the digital space.
Status market
- Position by market cap among the coins we track.
- #236
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $48.86M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.00703High $0.007581
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.6849
- Now 1% of itReached 3 Jan 2018 · Needs +9,439% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 6.8B SNT
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Status converter
1 Status = $0.00718
