Question 1

What is the current price of Status (SNT)?

Accepted Answer

As of now, the price of Status (SNT) is XRP 0.0057358\u003cspan class='text-neutral-500 dark:text-neutral-400'\u003e0\u003c/span\u003e (keep in mind this value is subject to frequent change due to market fluctuations). In the past 24 hours, the price has increased by +4.86%.

Question 2

What Is Status (SNT)?

Accepted Answer

Status is an innovative mobile operating system designed for integration with the Ethereum network. With Status, you can connect to the Ethereum network and its decentralized applications (dapps) right from your smartphone. Being designed as both a decentralized browser and private messenger, it aims to revolutionize the way users interact with the Ethereum network. Moreover, Status is accessible for both Android and iOS users.

Question 3

Who created Status?

Accepted Answer

Status was initially proposed in September 2016 at DevCon2, an annual conference for Ethereum blockchain developers. The concept was presented by Carl Bennetts and Jarrad Hope, who revealed their plans to create an Ethereum light client. Their vision was to combine a messenger and a browser into one tool, enabling everyday smartphone users to use decentralized applications with ease.

Question 4

How does Status work?

Accepted Answer

Status operates by allowing users to send, receive, and store Ether and other Ethereum-based crypto assets directly from their phones. This is facilitated through the combined browser and messenger interface, which connects users to Ethereum’s network of decentralized applications (dapps). Status also includes a social feature, which allows users to discover other nearby Status users to exchange currency, services, and ideas locally.

Question 5

What Makes Status Unique?

Accepted Answer

Status stands out because it provides the convenience of a mobile app while allowing access to Ethereum's entire network of decentralized applications. It allows easy exchange of Ether and other Ethereum-based assets and promotes interaction among users within proximity. This combination of social interaction and asset management on the Ethereum network gives Status a unique position in the world of cryptocurrencies.

Question 6

How does Status connect with Ethereum's Decentralized Applications (Dapps)?

Accepted Answer

Status opens the door to mass adoption of Ethereum's decentralized applications. It incorporates a decentralized browser that provides users access to all of the Ethereum’s Dapps through a smartphone app, catering to the rapidly increasing smartphone user base.

Question 7

Which exchanges list Status (SNT)?

Accepted Answer

Status (SNT) is available for trade on Binance, DigiFinex, Indodax, Coinone. Do keep in mind that the availability of SNT on these platforms can vary, and one should adequately research before deciding to trade or acquire SNT.

Question 8

How much Status (SNT) is in circulation?

Accepted Answer

As of date, the circulating supply of SNT is 4.8B, while the total supply is capped at 6.8B.

Question 9

Who are the target users of Status?

Accepted Answer

While anyone can use Status, the main target group seems to be regular smartphone users. The goal is to make Ethereum's decentralized applications more accessible and functional for average smartphone owners. With the Status app, users can interact with these applications in a familiar mobile environment.

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