Many people have approached me with the concern about the current development of ETH/USD price which hit a low of USD 120 today. I believe, everybody of the Status Team very much shares this concern, and within it, also the Founders, Nabil, the Finance Team and I share it. We all care about ensuring the long-term success of the project, delivering the best product to the community, and being loyal to crypto. We also very much care about providing the financial protection and freedom to the contributors and their families.
Status can rely on a large ETH reserve, and its fiat buffer is in an appropriate condition to provide for leeway to work on solutions should the market conditions worsen. While we rely on this buffer, we are continuously monitoring the situation and working on possible solutions to optimize. Please feel free to reach out to me if you have any suggestions or questions.