The Status Coin seems to have real HODLING potential for more and more investors. I believe that it is definitely worth it to have a closer look at the Status Coin and its according project. There is actually a lot of hope for the future of Status.
The Light Client For Ethereum
Status was first introduced to the world in September 2016. The Status's decentralized applications platform is a so-called "light client" for Ethereum, which in turn relies on a different technology than Bitcoin.
Status is an open-source, decentralized messaging platform, a non-custodial crypto wallet, and a web 3.0 browser. It has been designed to act as a network node that interacts with decentralized applications (DApps) that run on the Ethereum network.
The client can subsequently serve as a messenger, browser, and gateway. In other words: Status is combining asset management not only with a crypto wallet but also with decentralized applications.
Uniswap is probably one of the most well-known and most popular DeFi applications on Ethereum. Uniswap is lust like an unstoppable decentralized exchange that is giving Ethereum users the ability to swap ETH and Ethereum-based ERC-20 tokens like SNT with any other Ethereum-based token provided.
Status is a project of Status Research & Development GmbH. The Status Research & Development company is based in Switzerland. Its founders Carl Bennetts and Jarrad Hope launched the ICO status in June 2017. Since the ICO, Status has added the former Google manager Nabil Nahdy to the team as chief operating officer. Nabil Nahdy led the Google Maps and Google Flight products while working at Google and brought his experience in developing products with a user base of up to billions.
Building a peer-to-peer messenger, crypto wallet, and web3 browser for private, secure communication
Status Coin (SNT)
Let`s start with a quick look at the current state of affairs: Status Coin (SNT) is the name for the cryptocurrency of Status's dApp platform. The status coin is has been experiencing an increase in value. However, this "pump" has been put to an end by the current crash of cryptocurrencies.
According to CoinGecko, Status (SNT) launched as an ERC-20 token on the Ethereum blockchain and it still remains one today. It has a circulating supply of 3.6 Billion coins and a max supply of 6.8 Billion coins. When Status first began trading on exchanges, it was traded at roughly $0.05 and reached a peak price of $0.608697 on January 3, 2018. In the market cap rank, Status Coin is currently located at rank number 82. Status Coin`s current price is $0.00934480 with a 24-hour trading volume of $16,813,056.
My Conclusion Of Status
I believe that the future of Status looks bright and there is a lot of hope for the project. Here is why:
Status is working on a decentralized economic system with which it is also intended to play a major role in social media. Status in this area could help shape the future and generate interest. Another small highlight of Status is that interested parties can also program their own dApps on the Status platform. When you look at the status website as well as at the Status app, you will notice that it is fairly clear and simple. It is held so simple that it is kind of explaining itself. I believe that this is a big plus in terms of future mass adaptation.
All in all, the Status team is desperate to find ways to promote the value of SNT as it’s current utility token model within the Status app is not working. When I look at the experienced team behind Status I am quite confident that they are going to find these ways.
Crypto and the blockchain industry is still very much in its early days and has struggled to achieve widespread adoption just yet.
Having said all that, I personally believe that Status Coin could reach a price of $0.50 to $0.75 by the end of 2020.
Where Can I Buy Status (SMT)?
The most active exchange where Status Coin is traded is Upbit. You can also trade Status Coin on Bithumb and Bittrex. I personally recommend Binance to buy and manage your Status Coins.
As I already mentioned at the beginning of my post, the Status app features a secure and private messenger, a web 3.0 browser, and a non-custodial crypto wallet. The Status app combines all these services and is freely available on iOS and Android devices. You can download the Status app for free from the Apple App Store and Google Play Store. The Status app can additionally be downloaded and installed on Mac, Linux, and Windows desktop computers.
I hope I could provide you with some interesting and useful information. Please make sure to follow me here on publish0x.
Thank you guys for reading, liking and tipping, I highly appreciate that! 👍
What do you think of the Status Project and the Status Coin?