Status is a cutting-edge crypto project launched in 2017 that combines a secure Ethereum wallet, a private messaging app, and a decentralized blockchain browser. The project aims to create a censorship-resistant mobile platform to interact seamlessly with Ethereum dApps while ensuring user privacy and security. Founded by a group of blockchain enthusiasts, Status was born from the need to democratize access to decentralized applications and facilitate communication free from centralized control. The Status team’s mission is to empower users and developers by providing an open-source ecosystem that promotes permissionless innovation, privacy, and community governance.
Status utilizes peer-to-peer protocols to keep messaging and transactions secure and private. Their vision is to make blockchain technology accessible worldwide by combining usability with robust cryptographic security and decentralization. Their goals include scaling DApp adoption through mobile-first user experience, enhancing privacy layers, and expanding the use cases beyond traditional wallets to social communication and governance features. The project website can be found here, and the official whitepaper is available here.
Status Technology Specifications
Status operates on the Ethereum blockchain using its ERC-20 token called Status Network Token (SNT). The core technology architecture includes a peer-to-peer Whisper protocol for secure messaging, the Waku protocol that evolved for decentralized communication, and an integrated Ethereum wallet supporting smart contract interaction. Status uses light client technology to deliver fast performance and low data consumption on mobile devices, making it ideal for on-the-go blockchain usage.
The platform supports key functionalities including encrypted messaging using end-to-end encryption, decentralized DApp browsing with in-app smart contract interaction, and a secure wallet to manage ETH and various ERC tokens. Status combines open-source tooling with regular audits to ensure security compliance and robust protocol upgrades. It also supports governance features that allow users to vote on network proposals using their SNT.
Technology Specifications Table
| # | Metric | Value | Remarks |
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| 1 | Blockchain Protocol | Ethereum (ERC-20) | Mainnet compatible |
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| 2 | Messaging Protocol | Whisper / Waku | Decentralized & encrypted |
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| 3 | Launch Date | June 2017 | Initial release 1.0 |
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| 4 | Wallet Type | Non-custodial, mobile | Supports ETH & ERC tokens |
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| 5 | Governance | Token-based voting | User participation enabled |
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Current Price Data of Status (SNT)
The current price of Status Network Token (SNT) reflects its position in the cryptocurrency market. Users can track live prices, market cap, and trading volume on major crypto data aggregators and exchanges. As of the latest update, the approximate market price is $0.046 USD per SNT token, with a circulating supply of around 3.1 billion tokens and a total supply capped at 6.8 billion.
SNT’s price is influenced by factors such as Ethereum network growth, adoption of decentralized communication tools, and overall crypto market trends. Investors benefit from monitoring exchange liquidity, staking rewards, and upcoming protocol upgrades that may affect token valuation.
Status Tokenomics
Status tokenomics revolves around the SNT ERC-20 token, which is used for transactions, governance voting, and incentivizing network participants. The token supply is designed with a fixed maximum cap, and tokens are distributed among investors, team members, community rewards, and ecosystem development.
Core tokenomic features include staking mechanisms that enable holders to vote and participate in decision-making, rewards programs for contributing to network security and communications, and usage for transaction fees within the Status ecosystem. Token holders can use SNT to access premium features and services inside the application.
Status Team Information
The Status project is driven by a diverse and experienced team comprising blockchain developers, product managers, security experts, and community builders around the globe. Key members include:
- Jarrad Hope - CEO, Blockchain Architect with extensive Ethereum experience.
- Carl Bennetts - CTO, expert in decentralized protocols and mobile development.
- Lou Huang - Head of Design, focusing on user experience and interface design.
- Katherine Wu - Strategy Lead, responsible for partnerships and growth initiatives.
- Community Contributors - Active open-source developers and advocates.
The team encourages community participation and regularly updates their roadmap on the official platform, ensuring transparency and collaborative innovation.
Status Use Cases
Status’s technology enables multiple practical use cases. Primary among them are:
- Secure Mobile Ethereum Wallet: Manage ETH and ERC-20 tokens securely on your smartphone without custodial risks.
- Decentralized Messaging Platform: Communicate with end-to-end encryption directly via peer-to-peer protocols without centralized servers.
- DApp Browser: Access and interact with Ethereum decentralized applications seamlessly on mobile devices, enabling DeFi, NFTs, and more.
- Governance & Voting: Participate in protocol decisions using SNT tokens, empowering decentralized community control.
Exchange Listings for Status
Status Network Token (SNT) is listed on numerous major centralized and decentralized exchanges, including:
- Binance
- Coinbase Pro
- Kraken
- Uniswap (v2 and v3)
- Huobi Global
Liquidity is supported by these platforms, allowing users to buy, sell, and trade SNT efficiently. Prospective investors should verify listings for their geographical region and examine trading pairs and volume for the best execution.
Storage Options for Status Tokens
Status tokens can be stored in multiple secure ways, offering versatility for holders:
- Official Status mobile app wallet – non-custodial, user-controlled private keys.
- Hardware wallets compatible with Ethereum like Ledger and Trezor, which support ERC-20 tokens.
- Web3 wallets such as MetaMask that import private keys or use wallet connect options.
Users are advised to maintain private keys securely and consider backup strategies to prevent token loss.
Status Market Analysis
Status operates in a rapidly evolving blockchain ecosystem, targeting the decentralized communication and mobile Ethereum interface sector. Market trends indicate growing demand for privacy-first messaging combined with blockchain wallet functionality.
Compared to competitors in both crypto wallets and messaging apps, Status stands out with an integrated approach and focus on mobile usability. The rise of DeFi, NFTs, and decentralized governance further reinforces its market relevance.
| # | Metric | Status Value | Competitor Benchmark |
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| 1 | Monthly Active Users | ~300,000 | MetaMask Mobile: ~8 million |
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| 2 | Transaction Volume | $150 million / month | Trust Wallet: $1 billion / month |
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| 3 | Security Audits | 3 completed | Industry standard 2-4 |
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| 4 | Token Volatility | Moderate | Comparable ERC-20 tokens |
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Latest News on Status
Recent updates highlight Status’s switch to the Waku v2 protocol improving decentralized messaging scalability and performance. The team also announced partnerships with various Ethereum Layer 2 projects to enhance user experience and reduce transaction fees.
Status has launched an improved governance dashboard allowing token holders easier access to vote on protocol upgrades. The active developer community continues to push regular updates and bug fixes published on their GitHub repository.
Educational Content on Status Crypto Project
Status provides comprehensive educational resources on its website and community forums to help users and developers understand decentralized wallets, secure messaging, and blockchain interactions. Topics include step-by-step wallet setup, token staking guides, and in-depth explanations of blockchain security principles.
Developers can access open developer documentation, API references, and participate in hackathons organized by Status to encourage ecosystem growth.
Status Investor & User Reviews
Below are some sample investor and user reviews reflecting real feedback and opinions about Status:
- Mark T., Blockchain Developer: "Status offers an unparalleled mobile Ethereum experience, combining wallet and messenger flawlessly." ?????
- Linda K., Crypto Investor: "The seamless integration of dApp browsing makes Status a top choice for daily crypto users." ?????
- David W., Privacy Advocate: "I trust Status for secure, censorship-resistant chat within the crypto community." ?????
- Aisha M., Early Adopter: "The tokenomics are fair but some features feel early stage." ?????
- Jason L., New User: "Easy to use wallet but limited liquidity on some exchanges is a drawback." ?????
Average Rating: 3.8/5 stars
Pros and Cons of Status Crypto Project
Pros
- Integrated decentralized wallet and messaging platform optimized for mobile.
- Strong privacy via peer-to-peer encrypted communication.
- Open-source, community-driven development with transparent governance.
- Active partnerships expanding ecosystem and Layer 2 scaling support.
- Non-custodial wallet security empowering user control.
Cons
- Smaller user base relative to mainstream wallets like MetaMask or Trust Wallet.
- Network and token liquidity can fluctuate impacting trading ease.
- Technical learning curve for non-crypto-native users.
- Dependent on Ethereum network scalability and fees at times.
Tips for Status Users & Investors
- Always backup your wallet recovery phrase securely; loss means token loss.
- Follow official Status channels for wallet updates and security patches.
- Research exchange listings before trading SNT to ensure liquidity.
- Engage with community governance to contribute to the project’s future.
- Practice safe investing — diversify and never invest more than you can afford to lose.
Status FAQs
What is Status in the crypto space?Status is a decentralized mobile platform combining an Ethereum wallet, encrypted messenger, and dApp browser, designed to enhance privacy and usability for crypto users and developers.
How safe is investing in the Status crypto project?While Status employs robust security and open-source transparency, all crypto investments carry risk. Users should perform their own research (DYOR) and use secure wallets to manage their tokens.
Which wallets support Status Network Token (SNT)?SNT is supported by the official Status mobile wallet, hardware wallets like Ledger and Trezor, and software wallets such as MetaMask, allowing flexible storage options.
On which exchanges can I buy or sell SNT?SNT is listed on Binance, Coinbase Pro, Kraken, and decentralized exchanges like Uniswap. Always verify exchange reputability and available trading pairs.
How can I contact Status for support or community?You can reach Status through their official community channels including Telegram, Discord, and Twitter for support and updates.
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ClipsTrust Expert Note
From ClipsTrust experts’ perspective, Status is a promising decentralized crypto project merging secure Ethereum wallet capabilities with private messaging and DApp access. The open-source ethos, combined with active governance and ongoing technical upgrades, underscores its authenticity and potential longevity. While some challenges exist in ecosystem scaling and user adoption, Status offers a reliable, innovative platform suited for privacy-conscious users and blockchain developers. Clipstrust encourages users to DYOR, participate in governance, and share transparent reviews to help build community trust.
Clipstrust collects and verifies user reviews for Status, providing unbiased ratings and detailed feedback from investors and users worldwide. This ensures prospective users have access to transparent and authentic insights about the project’s performance and service quality.
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