Founded in 2015, Status is an open-source blockchain-based communication platform. Status is an app that is used to interact with Ethereum applications. It is also an Ethereum wallet client that allows users to store and receive ETH tokens. The $SNT ticker denotes Status' own cryptocurrency. SNT price is live-tracked on Binance.
With Status, users can access features like browse and chat capabilities and more nuanced elements like smart contracts, encrypted messaging, sending media content, interaction with decentralized applications, and decentralized chatbots. Status also has a built-in wallet where users can send, receive and control assets.Â
SNT is the utility token that powers the application. SNT is used for many things on the platform, including governance, network incentivization, marketplace purchases, and domain name registration. Regarding Network incentivization, Status rewards users who set up and run nodes to create the framework necessary to run the network. #SNT $SNT
