About the Status project

Status is a mobile operating system that is used to effectively interact with the Ethereum network. Developers are putting in a lot of effort to launch a decentralized browser and functional messenger. The mechanism for connecting to the network is via a personal smartphone. The network node opens up opportunities for the client to access decentralized applications.

Status is suitable for adapting a number of decentralized type applications from Ethereum. The platform has successfully consolidated the modern options of a social network, browser, messenger and cryptocurrency exchange. The development includes a number of projects that are in special demand on the market (Gnosis, Aragon, uPort). The openness and decentralization of the network are its main advantages. The platform ensures complete confidentiality of user information.

The social network integrated into the browser forms a specialized cryptocurrency exchange. The functional system allows you to combine a large number of Ethereum-based tokens. The development opens up new opportunities in the gaming industry, commercial activities and smart contracts. The free token conversion process allows access to a number of decentralized applications. As a result, the complex development of digital technologies is ensured.

The Status Digital Asset (SNT) acts as an efficient means of payment. The key goal of this project is to scale up the technology. The development is an excellent investment opportunity. Users of a unique social network automatically get access to a wide range of functionality and tools. SNT coin can be used to issue a number of additional bonuses. Experts agree that the platform will become widespread in a few years. The unique technology greatly simplifies the process of controlling information and digital identity.

Status Features

The Status project is a WeChat and AppStore for the Ethereum system. The essence of the platform is to popularize the cryptocurrency, providing users with new functionalities. As of the beginning of December 2019, the official application is functioning in alpha version and available for Android, iOS. The functional capabilities of the system are:

sending and protecting messages under a special cipher. Smart contracts and personal payments are available to users.
views of updated information in a secure chat. The mechanism of interaction between participants is carried out according to a decentralized type.
secure storage and control over digital assets. Registered network members have access to an electronic wallet.
The presence of a dApp directory in the system, which is similar in functionality to the Apple App Store or Google Play Store. The modern platform is already in demand in the market. This project is attractive for investment. The secret of the popularity of the development lies in its wide range of applications, namely:

The ability to transfer digital assets through a dedicated provider using an internal status. The development allows you to reliably bypass locked systems.
High quality content is achieved through the ability to publish user data on the dApp forum. The account softening mechanism is yielding results.
Opportunity for monetizing commercial activities.
Getting additional income through participation in various networks.
A wide range of additional functions for users.
The Ethereum ecosystem is actively developing. Successful implementation of the roadmap creates prerequisites for increasing the total capitalization of the project. The development and implementation of simulation models allows you to systematically suggest a new set of options to the community.

How is Status created?

The official developers of Status have set themselves the task of organizing WeChat. The presence of a large number of applications ensures high-quality messaging. Most of the network participants do not want to use peer-to-peer payments. Encrypting messages allows you to adhere to the principle of transaction privacy.

As of December 2019, Status cryptocurrency is at a more advanced stage of development than its competitors. A team of professionals has been actively working on the project since January 2016. During the year, IT specialists released an alpha version to the market. Senior management made the decision to conduct a full-fledged ICO in order to raise additional funds. This process was organized in mid-summer 2017. As a result, more than $ 5 million was raised.

November 2017 saw the introduction of the Status Hardwallet. A smart card allows you to quickly transfer digital assets without an NFC connection. The development features also include quick adaptation for mobile devices. Having an open source code allows for personal changes. The wallet works seamlessly with ERC-20 coins.

The incentive program launched at the beginning of winter 2017 deserves special attention. The Open Bounty program covers the implementation of various decentralized projects. The system issues an SNT reward to all members with no commission fees. The official project team also provided for the implementation of a special remuneration of $ 1 million. This amount is used to finance projects.

The project is expected to reach its maximum level of development by 2022. The functional platform will allow you to combine a large number of applications tailored for the field of commerce. Therefore, today investors see technology as an excellent object for investing fiat funds.

Is Status Infinite?

The digital asset Status (SNT) is positioned as a reliable payment instrument. The fundamental task of a resource is to access internal resources. The total supply of the coin is 6.8 billion coins. As of mid-December 2019, there are 3.5 billion coins in circulation.

Experts agree that the market capitalization of the project will increase in a few years from $ 35 million to $ 50. Therefore, it makes sense to invest in the project today. The current rate for 1 SNT is $ 0.01. The distribution structure of digital funds is as follows:

Fund for basic system development - 50%.
Security structure - 15%.
Support for the effective work of the marketing department - 10%.
Legal support costs - 10%.
Other project costs - 15%
The first stage of attracting funds to the system took place in November 2017. The price for 10,000 SNT was 1 Ethereum. The developers managed to attract $ 99 million to the project at once. The listing of a digital asset had a positive impact on the value of the asset. It hit $ 0.05 per SNT. As a result of the market correction, the rate per asset increased to a record 65 cents. During the fall in the Bitcoin exchange rate, a decrease in SNT was observed.

Experienced investors store an ERC-20 digital asset off the exchange. An alternative option is to use the MyEtherWallet and MetaMask e-wallet. The maximum level of security is provided by the Ledger Nano.

In December 2019, the daily trading volume is $ 14.9 million. An efficient scheme for mining tokens is available to miners using the computing power of a computer. Limiting coins allows you to resist inflationary processes and create additional demand for a digital asset. The widespread use of technological development allows you to maximize the market capitalization of the project.

Strengths of Status

Status (SNT) is an open source messaging platform. The mobile interface is designed to interact with applications running on the Ethereum network. The Status Network Token (SNT) is a utility token that complements the decentralized push notification marketplace. Management through the Status platform allows you to maintain user-generated content online. A team of professionals promotes the development of a decentralized network, respecting the principles of freedom, security, privacy, transparency, exclusivity and censorship resistance.

The strong point of the project is the presence of a well-coordinated team of professionals. The position of the Operations Director is occupied by an experienced specialist Nabil Nagdi. The Google native has a wide range of practical skills in terms of strategic project development. His areas of competence include developing a roadmap and scaling the functionality of an IT product. The development team is represented by the following experts:

Victor Tron is the main developer and creator of the Swarm Ethereum Foundation.
Zolt Felfoldi is a senior programmer at Ethereum Core.
Bo Sheen - General Partner
Jordi Bailina is a representative of Giveth White Hat Group.
Luis Cuende is the co-founder of Aragon.
Joy Urgo is the founder of Sourcerers.
Development and improvement of decentralized systems can significantly expand the functionality of users. In the network, you can select nodes that will provide services to registered members. Users have the right to choose to configure PUSH notifications. The technological advantages of the platform are:

effective leadership. Registered users have the opportunity to vote. Thus, the overall management of the development of the system is carried out;
favorable voting protocol. The number of tokens corresponds to the number of solutions (1: 1);
community supervision. Users have the right to express consent / disagreement regarding the published content;
the functioning of the cash register. Using these elements, a quick search for users for transactions is carried out;
availability of a sticker market. Sorting by category allows participants to choose the best asset option for themselves. All users have a personal rating in the system.
The wide variety of decentralized applications makes the platform popular. The UPort and Gnosis systems deserve special attention. In the first case, the structure is responsible for the principle of identity. In the second, complex market forecasts are made.

Status in TOP currencies

As of December 2019, Status cryptocurrency is ranked 96th in CoinMarketCap. The interactive platform has significant authority in the digital asset market. When compiling a rating, specialists take into account a large number of factors that affect the overall indicator of market capitalization. Any fluctuations in the coin rate are clearly recorded on special charts.

The listing of the Status cryptocurrency had a positive effect on the growth of the assets value. Today SNT coin is actively traded / bought on the worlds leading exchanges. Investors see the project as an excellent earning opportunity. The market correction and constant fluctuations in Bitcoin affect the assets price. The high average daily trading volume clearly shows the potential and growth prospects of the cryptocurrency. In the case of 100% implementation of the approved tasks on the official roadmap, Status will increase significantly in price. The $ 0.68 cap is not a cap. Today you can stock up on SNT coins for little money. After 500-600 days, you can resell the asset and get a good profit.