Status Network Token

Overview of Status Network Token

  • Status Network Token SNT, is the native token of Status which is used to fuel the Status Network.
  • Status Network Tokens (SNT) are issued on the Ethereum blockchain according to ERC-20 standard.
  • The Status Network Token is a modular utility token that fuels the network as a whole.
  • Status Network Tokens can be purchased and sold in many markets and exchanges.
  • How Many Status (SNT) Coins Are There in Circulation?

    The current circulating supply of Status or SNT is at 3,470,483,788 SNT with no maximum supply available.When it comes to the market cap, it is approx.$187,525,492 USD as of February 2021.

    What is Kusama?

    Kusama is a scalable network of specialized blockchains built using Substrate and nearly the same codebase as Polkadot.The network is an experimental development environment for teams who want to move fast and innovate on Kusama, or prepare for deployment on Polkadot.

    What is Status SNT?

    Status is a Google Play-style dApp store to help navigate more than 1700 decentralized applications that work on the Ethereum blockchain.Messaging and peer-to-peer payments are all part of the blockchain technology that bridges the gap between media center and social platform.The native token of Status is SNT.

    #6 – Should you Invest in Status?

    A major move that can work in favour of Status is the incubation program it launched in April 2018.It has been launched to promote blockchain technology and fund blockchain-based projects including but not limited to – storage, governance, blockchain-based computing.The idea is to make the Web3 ecosystem far more functional and powerful for users interested in SNT and its tech.

    What Is Status (SNT)?

    Status (SNT) is an open-source messaging platform and mobile interface that allows users to interact with DApps running on Ethereum (ETH) blockchain.It works like Play Store for Android or App Store for iOS applications, except it is built entirely on peer-to-peer (P2P) technologies.

    How Does Status (SNT) Work?

    Status is designed to interact with DApps on the Ethereum network.At the same time, it also functions as a messaging platform and web 3.0 browser.Anyone with internet access can use the Status app for free trade, P2P payments, and encrypted P2P communication.The platform utilizes Whisper V5 protocol to delegate nodes and support a decentralized chat.

    #2 – What are the Benefits of Status?

    Status is not just a token, it serves as a platform for users within the Ethereum ecosystem to do much more than that.

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    What Makes Status Unique?

    Status, or SNT, is an open-source messaging platform as well as a mobile interface.This interface allows its users to interact with DApps running on the ETH blockchain.In return, users get over 2,000 DApps, can send and receive encrypted messages on a peer-to-peer basis and can make payments as well as utilize smart contracts.

    What Is Status (SNT)?

    Status is categorized as a mobile and desktop operating system and decentralized browser that incorporates a messaging system.As such, Status allows you to interact with a network at any time, from anywhere.It was originally released in June in 2017.

    Where Can You Buy Status (SNT)?

    The Status Network Token is a modular utility token that fuels the network as a whole.It is free to use and communicate with, however, you do need SNT to access features of the Status Mobile Ethereum Client.

    How Does Status work?

    Essentially, Status makes your mobile device a light client node on the Ethereum network.That means you can access Ethereum’s ecosystem – and its network of apps – from anywhere.

    Where to Store SNT Tokens?

    Generally, it is safest for investors to store their cryptocurrency holdings off an exchange.

    #5 – How is Status different from other cryptocurrencies?

    The fact that SNT serves as a utility token and the value it brings to the users is what sets it apart.

    What is Status?

    Status is a mobile operating system that will completely change the way the world interacts with the Ethereum network.Designed as a decentralized browser and private messenger, Status allows you to connect to the entire Ethereum network right in the palm of your hand.

    What is LTO Network?

    LTO Network is a hybrid blockchain for securing, verifying and exchanging business critical information.

    Making Ethereum Accessible or Bypassing Regulation?

    So, the first thing we need to cover is the marketing of the Status network.Throughout both the website and mobile app, it calls itself an OS, or Operating System, which is false.It isn’t an OS – it’s an app that runs on the Android and iOS operating systems.Calling it an OS is a misnomer and cause to question much about this project as its team clearly doesn’t understand basic computing terms.

    What Is Status?

    Status, found online at, is an operating system built on Ethereum.The operating system lets you browse, chat, and make payments securely on the decentralized internet.

    How Is the Status Network Secured?

    When it comes to the Status network as a whole, it has a main goal of being a truly decentralized communication tool that over time can remove all third parties and minimize any attack vectors for malicious actors.

    Which Crypto Projects Are Based on Ethereum?

    According to the crypto app tracker, State of the Dapps, there are over 3,000 decentralized apps (also known as “dapps”) currently running on the Ethereum blockchain.

    What can I build on Flow?

    Flow is designed for high-throughput, low-latency consumer applications, games, and digital assets.Protocol-level usability and onboarding features make it easy to bring new users while a new decentralized architecture ensures security at scale.

    What Is the Status Network Token SNT?

    SNT is an ERC-20 token built on the Ethereum network.It is the utility token of the platform.

    Where To Store Status SNT?

    Keeping your crypto holdings in exchange is unsafe.A good rule of thumb is to keep them in a private wallet.

    What Problem Does Status (SNT) Solve?

    Legacy social networks are unbalanced and exploit users for the benefit of advertisers and platform owners.

    How to buy Status Network Token (SNT) from above-listed exchanges?

    Step 1: Click on Buy Status Network Token (SNT) from Exchange button.Step 2: You will be redirected to the exchange.Step 3: Sign up if you do not have an account with that exchange else log in.Step 4: See if the exchange support fiat currency or cryptocurrency or both.Step 5: Deposit the currency it supports and buy the currency you want.

    Where To Buy Status SNT?

    Status Network Tokens can be purchased and sold in many markets and exchanges.

    What is Status?

    Status is a decentralized, Ethereum-based secure messaging app, crypto wallet, and Web3 browser.Their open-source platform can be downloaded onto any android device and functions like an app store, with the SNT token standing in as the local currency.The Status Networks’ goal is to drive adoption of Ethereum-based decentralized apps by giving them accessibility via mobile devices.In addition to being a repository for over 2000 decentralized apps, users can also send and receive encrypted messages and cryptocurrency payments globally, then securely store those digital assets in a self-custodialized wallet.While access is open to all and free to download, the SNT token is the currency that is used to unlock different features.Governance is managed by stakeholders who have voting rights on network development.The final piece of the Status network is their Web3 browser, which allows users to privately access Defi applications, exchanges, games, and markets.Developers are incentivized with the SNT token to build decentralized apps on the Status platform in order to grow the network and ultimately the user base.

    Who Are the Founders of Status?

    The Status network as a whole was founded by Carl Bennetts and Jarrad Hope.Both of them ran a software distribution company prior.

    History of Status Network Token

  • In 2021, the Cardano (ADA) price added 133.