The edge that pays for itself.
Status (SNT) Price
Status Price
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Binance | SNT/USDT | 0.03 | 4,065.33 | 28,245.48 | 4.86 M | 0.00 | cex | 686.89 | 4/16/2025, 4:59 AM |
| Upbit | SNT/KRW | 0.03 | 69,345.38 | 260,599.13 | 2.35 M | 0.27 | cex | 544.00 | 7/9/2025, 6:23 AM |
| HTX | SNT/USDT | 0.03 | 1,912.91 | 17,062.39 | 1.75 M | 0.09 | cex | 382.00 | 7/9/2025, 6:23 AM |
| Hotcoin | SNT/USDT | 0.02 | 591.73 | 557.35 | 820,561.08 | 0.00 | cex | 1.00 | 4/15/2025, 12:29 PM |
| GroveX | SNT/USDT | 0.03 | 273,053.01 | 364,616.21 | 722,096.12 | 0.06 | cex | 431.00 | 7/9/2025, 6:18 AM |
| DigiFinex | SNT/USDT | 0.03 | 9.64 | 18.00 | 690,594.14 | 0.07 | cex | 11.00 | 7/9/2025, 6:18 AM |
| Bithumb | SNT/KRW | 0.03 | 24,255.60 | 238,016.48 | 679,623.02 | 0.13 | cex | 514.00 | 7/9/2025, 6:20 AM |
| BitMart | SNT/USDT | 0.03 | 1,803.76 | 2,933.64 | 632,563.25 | 0.04 | cex | 2.00 | 7/9/2025, 6:21 AM |
| Bitget | SNT/USDT | 0.03 | 39,979.96 | 66,621.22 | 553,568.39 | 0.03 | cex | 463.00 | 7/9/2025, 6:24 AM |
| Gate | SNT/USDT | 0.03 | 27,235.86 | 36,154.29 | 504,534.72 | 0.02 | cex | 455.00 | 7/9/2025, 6:23 AM |
Status FAQ
Status is classified as both a mobile and desktop operating system and a decentralized browser that includes a messaging system. This setup enables users to engage with a network anytime and from any location. Status was initially launched in June 2017. Functioning as a lightweight Ethereum node, it provides users with access to all Ethereum decentralized applications (DApps) through an application installed on their mobile devices, such as phones or tablets. Consequently, users can send encrypted messages and access decentralized applications, including a cryptocurrency wallet. For comprehensive information on Status, please refer to Eulerpool.
The Status network was established by Carl Bennetts and Jarrad Hope, who previously managed a software distribution company. Together, they had collaborated for over six years on various projects. For three of those years, they successfully operated a software distribution network that facilitated over 20 million software installations. All profits from this venture were reinvested into their future projects. This experience provided them with a distinctive insight into the buying and selling of personal data on the internet, as well as the processes involved in acquiring and retaining users.
Status (SNT) is an open-source messaging platform and mobile interface that enables users to interact with decentralized applications (DApps) operating on the Ethereum blockchain. This interface provides access to over 2,000 DApps, allowing users to send and receive encrypted messages in a peer-to-peer manner, make payments, and utilize smart contracts. The platform employs Status Network Tokens (SNT) as its native currency. The primary objective of Status is to facilitate faster and more efficient adoption of Ethereum DApps. Furthermore, the platform incorporates a users-as-stakeholders model, aligning the network's behavior and software with the interests of individual users. Through the efforts of contributors conducting research on crypto-economic models and leveraging peer-to-peer technologies, the Status Network strives to maintain a healthy ecosystem.
The circulating supply of Status (SNT) presently stands at 3,470,483,788 SNT with no defined maximum supply. As of February 2021, the market capitalization is approximately $187,525,492 USD. Status (SNT) is an ERC-20 token utilized to access and facilitate decentralized services within the Status Network. It is an open-source project, allowing for customization according to specific requirements and is verified by the Messari Disclosures Registry.
The Status network aims to be a truly decentralized communication tool designed to eliminate third parties and minimize attack vectors exploitable by malicious actors over time. Messages within the network are neither blocked nor censored and can be sent pseudo-anonymously if the user opts for this feature. The Status wallet allows users to send, store, and receive cryptocurrencies and tokens while ensuring that private keys remain secure and unexposed. Users can navigate through Web3 without their data or browsing information being accessed by third parties. A user’s identity within Status is established through a locally generated cryptographic keypair, secured with a password. Status employs the Waku protocol for peer-to-peer communication, utilizing a network of peers to manage message routing. The platform ensures default end-to-end encryption and perfect forward secrecy through the implementation of X3DH and Double Ratchet protocols as developed by Open Whisper Systems. Cryptocurrencies are stored in a non-custodial wallet, with a signing phrase to safeguard against phishing attacks.
The Status Network Token (SNT) is a versatile utility token that powers the entire network. While it is free to use and communicate within the network, possessing SNT is necessary to utilize certain features of the Status Mobile Ethereum Client. The leading cryptocurrency exchanges for purchasing, selling, and trading Status (SNT) are: - Bittrex - OKEx - ZG.com - BiONE - Upbit - Bithumb Below is a step-by-step guide designed to educate you about cryptocurrencies and assist you in purchasing your first coins.
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