What Is Status (SNT)?

Status is an open-source messaging platform and smartphone interface that allows users to connect with Ethereum-based decentralized apps. Status is a web application built with decentralized technology that offers a window into the emerging decentralized web. Moreover, Status claims to be a portal to irrefutable commerce of no extra charges, peer-to-peer payments, and encrypted p2p conversation.

The whitepaper mentions that Status seeks to be the first decentralized messaging platform to reach the West or developing countries. Utilizing the messaging feature as a platform, Status connects directly to the Ethereum network, adhering to its permissionless, decentralized, and trustlessness principles.

Social bots are a form of automated software that manage a social media account, advocate for specific views, promote campaigns, and sway public opinion. These social bots are becoming increasingly popular nowadays. However, these bots corrupt online debates by giving their messages fake credibility and influencing people. Status intends to solve this issue of social bots and media manipulation by using decentralized technology based on the Ethereum blockchain.

The Status mobile Ethereum client claims to offer a comfortable and well-suited feel for mass adoption by utilizing the messaging-as-a-platform user experience. Status is an open-source platform that charges zero fees. The platform respects users' rights and gives them total control over their data.

The native token of the platform is the Status Network Token. The symbol of the native token is SNT. The Status Network Token is a modular utility token used to power the Status network.

History of Status

Carl Bennetts and Jarrad Hope are the cofounders of Status. The whitepaper was published on June 15, 2017.