An experienced user, who managed to communicate not only with such “basic,” worldwide popular currencies on the crypto market as bitcoin or ethereum, has probably heard of SNT or Status Network Token as well. But even if Status SNT has never appeared on your path, that is not a huge problem. Today is your lucky day — we will tell you all the basic necessary information about Status SNT digital assets and how it is connected with the Ethereum network.
What Is Status Network Token?
We use the term Status to refer to two key things. First of all, Status is an open-source messaging platform and also a browser. In this sense, Status is used so that people could build easy and quick communication with Ethereum dapps. Dapps are decentralized applications, which work on peer-to-peer networks or on blockchain networks, like the ethereum blockchain network.
The core function of Status is to create a convenient decentralized web with little personal data required and to avoid the involvement of third parties.
Do you remember we said that status is an open-source messaging platform? This is so because status users can send and receive encrypted messages and get involved in smart contracts. Status uses end-to-end encryption, which increases security and makes Status a private messenger in some sense.
Besides that, Status, or Status Network Token (SNT), is a native currency of this free, decentralized browser. Let us now spend some time discussing Status SNT in detail.
Status SNT: Status Price, Status Market Cap, And Some History
1. Status SNT History
The status network was released in 2017, which makes it a relatively new browser for crypto trading and communication. Users with Internet access can enjoy its mobile interface: both Android and IOS devices are applicable if the status mobile ethereum client wants to access decentralized applications.
The status network was created by Carl Bennetts and Jarrad Hope, developers, which already had some experience in software development. This experience allowed them to create a strong open source messaging platform with a modular utility token — Status SNT — for exchanges.
2. Status Price
At the moment of writing this article, the status price is equal to $0.174634. According to the public data, status ATH (All-Time High) was equal to $ 0.5932, which is more than three times higher than the current status price. And yet, the price of Status SNT is expected to grow.
3. Status SNT Market Cap
In 2021, the Status market cap constituted slightly more than 187.5 million dollars. A fully diluted market cap of SNT, according to the public statistics, is $ 1.12 billion at the moment.
If you are interested in the Status circulating supply, we have prepared some information about it as well. Now the circulating supply of this cryptocurrency is almost 3.5 billion SNT, and the maximum is not established. As for the total supply, it is equal to approximately 6.8 billion SNT at the moment.
For those users who do not know the difference between these two types of supply, we have an answer: total supply is the total amount of coins existing at the moment, whereas circulating supply is concerned with the number of coins that are now in circulation on the market.
Is Status Open Source Network A Safe Place?
Because of the fact that Status aims at creating a decentralized web, it allows status users not to attract some extra participants in trading, payments, and so on. Besides that, each status wallet of this peer-to-peer-based decentralized web has increased security because the crypto market is better protected from attacks.
Your cryptocurrency wallet now becomes a safe place to store, send or receive cryptocurrencies since nobody. Still, you have access to it — users do not have to worry about some personal data because the private keys are not revealed. A user might not be afraid to interact with the market in a free manner and be calm for personal assets.
Where Can I Get Status?
Users who got interested in Status (SNT) after reading this might be wondering where to buy such a relatively cheap in price but promising cryptocurrency.
Here is the list of the platform with which you can easily interact for free and get Status for a low price (perhaps, you even do have an account of any of them already):
- Bittrex platform
- OKEx platform
- Bithumb platform
- BiONE platform
- several others
Many of these services provide a clear mobile interface that allows each user to interact with the platform from the personal account, trade cryptocurrencies, track the price and increase the assets.
Status Service: The Final Word:
Status is a decentralized push notification market, which provides each user with apps running on an ethereum network. Ethereum network, famous for its decentralized applications, used by the Status developers, helped to create a nice open-source project, where people can send and receive encrypted messages, trade, and perform payments.
The price of Status SNT makes it available even for newcomers, which makes it a great start for beginners in the crypto network.
We hope that details on the market cap of the Status, its price, and supply helped you form the correct impression of this promising platform and its cryptocurrency.
Where can I buy a Status network token (SNT)?
Status Network Token (SNT), a utility token used as “the fuel” of the decentralized push notification market Status, has now received mass adoption. You can deposit SNT, take part in exchanges and perform payments on many free trading platforms, like OKEx, Bittrex, Bithumb, BiONE, and some others. In the future, it will be even easier to interact with different crypto market services, and users will be interested in Status Network Tokens even more.
What is the state of bitcoin today?
At this moment, Bitcoin price fluctuates around 48.5 thousand dollars USD. Bitcoin is considered to be a smart investment since, according to the forecasters, its price is expected to grow. Keeping in mind its large market cap, even to get satoshis seems to be good financial advice.