Presentation and definition of the crypto-currency Status (NTS)
- Name of the crypto-currency : Status
- Acronym : SNT
- Where to buy the Status ? Binance
- Creation Date : June 2017
- White paper Status
- Web Site Status
The interface Status
Status is a mobile interface open source and decentralized. It allows access to applications, Dapps created on the blockchain Ethereum and uses the same technologies of the network. The system also includes a mobile messaging instantanéee. Status allows you to exchange encrypted messages but also of the crypto-currencies through a wallet built in. The aim of the project is to help build a global financial system is open and decentralized, just like the network Ethereum. If the network Status is based on the process of Ethereum, it is also for the ability to execute smart contracts between users. Bitcoin, for example, does not offer this type of functionality.
The tokens SNT
The system Status uses tokens NTS. These tokens allow you to perform certain actions on the platform. The project Status has been funded through an ICO (Initial Corner Offering), that is to say, a crowdfunding in crypto-currency. In just a few hours, the creators have managed to raise $ 300 million. The emission limit for NTS is fixed at a little more than 6 billion chips. Beginning in 2018, almost half of them are in circulation. Users can make payments on the platform with their chips NTS but also with many other crypto-currencies are compatible.
By the end of 2017, the team Status has announced the launch of the Status Hardwallet. This tool allows you to make transactions in virtual currency by the NFC technology, a system of payment without contact. It is one of the first virtual portfolios to allow for this type of regulation.