Status Network Token News
Reddit
- Where are my ENS October 9, 2024Before updating version of software I bought several names (xx. state of us). I’m literally unable to find it in new version… Can someone show me where it’s now submitted by /u/Old_Natural936 [link] [comments]/u/Old_Natural936
- Linea welcomes Status as first contributor to open-source L2 rollup project August 20, 2024submitted by /u/0xJonnyDee [link] [comments]/u/0xJonnyDee
- High internet usage July 26, 2024Hey, i just installed statusim from it's official site and didn't do anything but sign in and for some reason the phone reported an internet usage of more than 4.5GB!! So why would it use that much data right after installation ? submitted by /u/Top_Bumblebee5571 [link] [comments]/u/Top_Bumblebee5571
- need help April 9, 2024need a helpin how to use status in Windows desktop submitted by /u/Electronic_Aide_6464 [link] [comments]/u/Electronic_Aide_6464
- Someone to talk to March 21, 2024I hope I can talk with someone here. submitted by /u/LonelyRiz [link] [comments]/u/LonelyRiz
- Inflation rate and SNT max supply December 3, 2023On Coinbase it says the SNT max supply is 6.8 billion, but on coin market cap it says there is no max supply. Can someone verify what the actual max supply is and what is the current and projected inflation rate of the SNt token? submitted by /u/dan_geles [link] [comments]/u/dan_geles
- Security proposal November 6, 2023Hi how I can propose collaboration with the wallet team? Thanks for the help submitted by /u/Shaq14_14 [link] [comments]/u/Shaq14_14
- Old account November 4, 2023I created an account in 2017, I still have the seed phrase and password, but If I login in the app I see no status tokens. How can I recover my tokens? submitted by /u/hddps [link] [comments]/u/hddps
- Status Weekly Roundup: Design team November 2, 2023submitted by /u/Rare_Giraffe_ [link] [comments]/u/Rare_Giraffe_
- Status Weekly Roundup: Keycard team November 2, 2023submitted by /u/Rare_Giraffe_ [link] [comments]/u/Rare_Giraffe_
What Is Status Network Token ?
Status is a project based on the blockchain technology that aims to develop a decentralized messaging service that one can also use to make payments and receive them. The startup raised more than $60 million worth of Ether in its Initial Coin Offering and was one of the extremely successful coin crowd sales in history.
Apart from being a messaging service, Status aimed to go further by allowing people to download and use decentralized apps with the help of a next generation browser.
Practical Uses
Status wasn’t just meant to be a messaging system as mentioned earlier. By taking part in Status, your device whether a mobile phone or a computer will become a light node on the Ethereum network and thus you can have useful access to Ethereum’s entire ecosystem through it too. So, there are a lot of positive developments that Status started and are still in the pipeline.
Status is part of the wider efforts to make the internet decentralized and eventually shift to it. It is a community driven project and designed to empower the people with the help of blockchain technology and decentralized economy. Since you can trade Ethereum securely here, it is also a great investment for the future if you are interested in decentralized crypto marketplaces. Its ability to search for dapps that can be part of the decentralized feature of the future is also ground-breaking stuff that holds real promise as more and more things become decentralized. They also include censorship resistant micro-blogging tools. It is like a whole decentralized blockchain operating system.
While Status’s mission was right, it created some issues on the Ethereum blockchain due to massive transactions and number of tokens. Now many of these issues have been resolved and the startup is gearing towards eventual release.
Mining
All status coins come pre-mined.
The Team
Carl-Co-founder
Jarrad-Co-founder
Roman-Lead Clojure
Alexander-Clojure
Andrey-Clojure
Gustavo-Clojure
Andrey-Design
Notes for Investors
The Status Coin’s value has been dropping ever since its launch. The reason is partly because of its troubled beginnings. The coin actually made the whole Ethereum network problematic because of sheer volume and number of coins available for its users. Things got so back that some exchanges put a freeze on Ether trades to allow it to come back to life. So, while the idea was solid, there were a few hiccups along the way. It is the reason why its market cap halved since launch. Right now, things are looking positive as the new platform is showing promise but in the long run, it will have to work well to allow people to profit from it.