Status

Status(SNT)

Status is a mobile app that acts as Ethereum operating system. Provides a gateway to interact with Ethereum based dapps. Their aim is to bring Ethereum to the masses using a new instant messaging app similar to WhatsApp and FB messenger.
  • Market Cap
    $336.095.532
  • Price
    $0.096844
  • Category
    Social & Content
  • Origin
    Switzerland
  • Team Size
    50-100
  • Initial Release
    20/06/2017
  • 10-8 High Potential
  • 8-7 Potential
  • 7-6 Considerable
  • 6-5 Risky
  • 5-0 Scam
Satoshi Rating
  • Product Ratings
    6.9
  • Team Ratings
    7.5
  • Execution Ratings
    6.9
Product
  • The need for the product ⓘ

    8
  • Total addressable market size ⓘ

    9
  • Product/market fit ⓘ

    7
  • How is the product compared to existing solutions? ⓘ

    6
  • How difficult is to make the product? ⓘ

    7
  • Could this product scale? ⓘ

    8
About Product
Currently, most used web protocols look for a specific address/server to connect to. Which makes the system centralized. If we shift to decentralized architecture if the use of dapps increases and if the ethereum transactions costs and times decrease we might use apps like Status often in our daily life. As an instant messaging app, privacy might be its strongest feature.
Team
  • Team's previous experience ⓘ

    7
  • Does the team have a clear vision? ⓘ

    8
  • Is technical team sufficient for building the product? ⓘ

    8
  • Is the team active? ⓘ

    9
  • Is the team size big enough? ⓘ

    8
  • How is the team growth? ⓘ

    8
About Team
The team is active, mostly community driven. Their town hall meetings are recorded and publicly available. According to LinkedIn pages, they don't have much history.
Execution
  • Could this team get the product into a market? ⓘ

    8
  • Could they do it in time? ⓘ

    8
  • Did they meet previous deadlines? ⓘ

    8
  • Is the marketing strategy sufficient? ⓘ

    7
  • Team’s previous achievements ⓘ

    7
  • Strategic partnerships ⓘ

    7
  • Current market size ⓘ

    7
About Execution
As of Q1 2018, they are still in beta. When the app goes live marketing and partnerships might increase. Wide adoption will depend on the success of dapps and migration from existing IM apps. Currently, there is not much a casual user can do in the app.
Editor's note

There are only couple of players control this massive IM market. Status uses privacy and interaction with dapps as strengths and use of STN tokens as an incentive to attract users. Their app is getting better, bounties provide more security and project is quite active. However, the biggest downside, for everyday users there is not much reason to switch to status and there might not be for some time.

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Initial Rating: April 22, 2018

Last modified: June 8, 2018