Status (SNT) is a Web3 platform that integrates private messaging, a decentralized cryptocurrency wallet, and a dApp browser on Ethereum.
The project was created to address the need for safe and secure communication and management of digital assets in the Web3 era, emphasizing privacy and decentralization.
MAIN CONTENT
Introducing Status with three flagship products: Messenger, Wallet, and Web3 Browser integrated into a single application.
Overview of SNT token, its utility, and clear, transparent token allocation.
Information about the founding team, major investors, and prestigious strategic partners supporting sustainable project development.
What is the Status (SNT) project?
Status is known as an open-source application on Ethereum, integrating encrypted messaging, a decentralized wallet, and a Web3 browser, aiming to provide a comprehensive decentralized internet experience for users.
Launched in 2017, Status focuses on supporting users to communicate privately and manage digital assets without relying on intermediaries, creating a versatile ecosystem on the Ethereum platform.
How does the project operate?
Status operates based on a decentralized architecture with modern technical protocols such as Waku Protocol, Ethereum JSON-RPC, Libp2p, and WalletConnect to ensure security and direct connection to the Ethereum network.
Users only need to install the app on iOS, Android, or PC to access multiple features while benefiting from a decentralized network, avoiding intermediary disruption risks.
Project Products
Status Messenger – Decentralized messaging application
Status Messenger protects privacy with end-to-end encryption, allowing users to create anonymous accounts, engage in Peer-to-Peer communication via the Waku protocol, and prevent spam using the Tribute to Talk mechanism that requires SNT staking to send messages from strangers.
This helps Status become a safe, uncensored environment in line with the Web3 trend, enhancing personal and group communication experiences.
“We aim for a digital social space where users have complete control over their data, free from reliance on centralized platforms.”
Jarrad Hope – CEO of Status, 2024
Status Wallet
Status Wallet is a non-custodial wallet, allowing users to have absolute control over their private keys, supporting a variety of assets including ETH, ERC-20 tokens, and NFTs, while integrating transaction features, smart contract signing, and connecting to the Keycard hardware wallet.
This wallet helps users securely and independently protect their digital assets, combining modern biometric security features.
Web3 Browser
The Web3 browser in Status provides direct access to thousands of popular dApps like Uniswap, Aave, ENS, and supports decentralized features like IPFS, ENS without collecting user data or storing cookies.
Users can easily interact within the DeFi, NFT, or GameFi ecosystem with a fast, secure, and safe experience.
Keycard – NFC hardware wallet for Status
Keycard is an NFC hardware wallet that securely stores private keys offline, minimizing the risk of online attacks while supporting connections with the Status app and external dApps.
Compared to hardware wallets like Ledger or Trezor, Keycard is more cost-effective, aiming to popularize security solutions in the Web3 community.
What are the main features of Status (SNT)?
Status introduces many unique features such as a Decentralized Push Notification Market that allows users to control notifications, using SNT to protect privacy and avoid spam.
SNT token holders participate in decentralized governance through the Status Platform Governance, set usernames via ENS, use Tribute to Talk to filter spam, and leverage the DApp Directory to access a wide range of Ethereum applications.
Overview of SNT Token and Tokenomics
SNT is a utility token based on the ERC20 standard running on Ethereum, with a total supply of nearly 6.8 billion tokens and a circulating supply of over 3.9 billion. The token is used to unlock usernames, send messages, pay for dApp promotions, and participate in project governance.
SNT allocation includes 41% for public sale, 10% for early contributors, 20% for the development team, and 29% for the community reserve fund.
What highlights are there in the 2024 – 2025 project roadmap?
The Status team plans to release Waku v2 to enhance messaging performance, update Keycard security, expand Layer 2 support like zkSync and StarkNet, integrate zkLogin and zkMessaging utilities, and implement SNT staking for participation in DAO governance.
This plan shows that Status continuously improves user experience and expands a safe, efficient ecosystem.
What notable aspects are there about the development team, investors, and partners?
Development Team
The two co-founders are Jarrad Hope (CEO), a security expert and decentralized systems engineer, along with Carl Bennetts – Communications Director, building the development platform. Along with them are over 70 global members supporting the operation of technical and community sectors.
Investor
Status's ICO in 2017 raised 100 million USD, attracting major funds and the early Ethereum community. The project is one of the successful fundraising cases, ensuring financial potential and sustainable development.
Strategic Partners
Status collaborates with Ethereum Foundation, Gnosis, Aragon, IPFS, ENS, and WalletConnect, supporting deep integration within the Ethereum ecosystem and promoting a safe, decentralized digital community.
“The collaboration between Status and organizations like the Ethereum Foundation reflects a commitment to developing an open Web3 and protecting users.”
Carl Bennetts – Communications Lead, 2023
Summary
Status (SNT) is currently a pioneering project integrating private messaging, decentralized wallets, and Web3 browsing in one application. Despite facing challenges in expanding the user base, the technical platform and development vision of Status still lay a solid foundation for the future of decentralized communication and digital assets.
This article is for informational purposes only and should not be considered investment advice.
Frequently Asked Questions (FAQ)
What is Status (SNT)?
Status is an application on Ethereum that integrates secure messaging, a decentralized cryptocurrency wallet, and a dApp browser, helping users experience Web3 safely and privately.
What is the SNT token used for?
SNT is a utility token used to unlock usernames, pay for messaging fees, promote dApps, and participate in the governance of the Status platform.
Who is on the Status development team?
Founded by Jarrad Hope (CEO) and Carl Bennetts (Head of Communications), with a team of over 70 global members experienced in Web3 and security.
What is special about Keycard Status?
Keycard is an NFC hardware wallet that stores private keys offline, securely protecting digital assets at a lower cost than traditional hardware wallets.
What is the focus of Status's 2024-2025 roadmap?
Upgrade Waku Protocol, expand Layer 2 support, integrate zkLogin, zkMessaging, and develop DAO governance with SNT staking.
Source: https://tintucbitcoin.com/status-snt-la-gi/
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