Buy Status (SNT)
What is Status?
Status is a decentralised mobile and desktop application built on the Ethereum network. It functions as a messaging app, cryptocurrency wallet, and Web3 browser, allowing users to engage in peer-to-peer instant messaging, manage crypto assets, and access Ethereum-based decentralised applications (dApps).
How does Status work?
Status operates on the Ethereum blockchain using peer-to-peer technology for secure communication and transaction. It employs the Whisper protocol for end-to-end encrypted messaging and integrates with the Ethereum network to facilitate interaction with dApps and smart contracts. Status uses Ethereum's Proof of Stake consensus mechanism, enabling efficient and secure transactions while leveraging the network's smart contract capabilities.
What are the potential use cases for Status?
Status has various applications across different sectors:
- Decentralised Messaging and Social Media: Providing private, encrypted communication channels.
- DeFi and Financial Services: Supporting a cryptocurrency wallet and enabling decentralised financial interactions.
- Governance and Content Curation: Granting SNT holders voting power and facilitating community-driven content selection.
- Layer 2 Solutions: Enhancing scalability through partnerships, such as the collaboration with Linea on rollup solutions.
- Additional Applications: Including features like "Tribute to Talk" for exclusive communication and the Status Keycard hardware wallet for secure key management.
What is the history of Status?
Status was founded in 2016 by Carl Bennetts and Jarrad Hope, with the vision of creating a decentralised platform for messaging, wallet, and browser functionalities. It launched a successful Initial Coin Offering (ICO) in June 2017, raising about $99 million USD. Since then, the platform has continued to evolve with significant updates, implementing Layer 2 solutions and forming strategic partnerships within the Ethereum ecosystem to enhance its functionality and user experience.
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Frequently Asked Questions (FAQs)
What is the current price of Status (SNT)?
The Status price is $0.06058763 AUD, representing a -9.62% from the day prior.
Where is the best place to buy Status (SNT) in Australia?
The best place to buy Status (SNT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Status (SNT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Status (SNT)?
The trading volume of Status (SNT) is $12.7M AUD in the last 24hrs, representing a -9.62% from the day prior.
How can I buy Status (SNT)?
Status (SNT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Status (SNT)?
The current market cap of Status (SNT) is $238.8M AUD.
Can I convert Status (SNT) to cash?
Yes - With Coinstash you can convert your Status (SNT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Status (SNT) are there?
The current circulating supply of Status (SNT) is 4.0B.
Is Coinstash a safe place to buy Status (SNT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Status (SNT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.