What is status?

Status is an open-source mobile application (Android and iOS) running on the Ethereum platform. It provides a variety of decentralized applications (DApps) in a unified ecosystem. Simply put, Status wants to create a decentralized social network where users can:

  • Secure and private messaging: Use end-to-end encryption.

  • Access and use DApps: Directly from the Status app.

  • Store and trade cryptocurrencies: With built-in crypto wallet.

  • Participate in network governance: Through SNT tokens.

What is SNT Token?

SNT is the utility token of the Status platform, issued on the Ethereum ERC-20 standard. It is used for multiple purposes within the Status ecosystem, including:

  • Promoting decentralized push notification market: Users can use SNT to pay for sending push notifications.

  • Platform Governance: SNT holders can participate in Status governance by voting on proposals.

  • Managing user-generated content: SNT can be used to reward users for creating quality content.

  • Teller Network: This is a DApp that allows users to exchange fiat currency to cryptocurrency. To participate in this network, users need to use SNT.

Highlights of Status Platform

  • High security: All messages are end-to-end encrypted, ensuring only the sender and recipient can read the content.

  • Freedom of speech: Status has no content censorship mechanism, allowing users to freely express their personal opinions.

  • Transparency: All transactions on Status are recorded on the blockchain, increasing transparency and traceability of information.

  • Closed Groups: Users can create closed groups to communicate and share information with people they trust. Group members can make decisions together about group management.

  • Share various information: Send text messages, images, videos to individuals or groups. Share different types of files such as documents, audio, source code...

  • Open Platform: Anyone can build and deploy decentralized applications on the Status platform.

  • Strong Community: Status has a vibrant community of users and developers who are always supportive and contributing to the growth of the platform.

Tokenomics

Basic information:

  • Name: Status

  • Trading name: SNT

  • Type: Utility Token

  • Platform: Ethereum

  • Contract: 0x744d70fdbe2ba4cf95131626614a1763df805b9e

  • Total Supply: 6,804,870,174.88 SNT

SNT Token Allocation:

  • Token Sale: 41%

  • Early Contributors: 10%

  • Team: 20%

  • StakeHolder: 29%

What are the pros & cons of Status platform?

Advantage

  • Friendly, easy-to-use interface: Status is designed with an intuitive interface, making it easy for users to interact with dApps and cryptocurrency wallets.

  • High Security: Using P2P protocol and end-to-end encryption, Status ensures privacy and security for chats and transactions.

  • Cryptocurrency Wallet Integration: Users can store and manage various tokens directly on the Status app.

  • Access to the world of dApps: Status provides a dApps store, allowing users to discover and use decentralized applications easily.

  • Expanding Community: Status has a large and vibrant user community that is always ready to support and contribute ideas.

Disadvantages

  • Stability: Being a fairly new project, Status still has some stability issues, especially when used on a large scale.

  • Focus on Ethereum: While Ethereum is a popular blockchain platform, being too dependent on Ethereum could limit Status' scalability in the future.

  • Fierce Competition: The dApps market is becoming increasingly competitive, with the emergence of many different platforms. Status needs to constantly innovate to maintain its position.

  • Tokenomics are not yet clear: Although SNT is the native token of the Status ecosystem, the role and operating mechanism of this token are not fully clarified.

Development Team

The Status (SNT) coin development team consists of many experienced experts in the field of technology and startups. The team is led by Jarrad Hope and Carl Bennetts, who have previously succeeded with the Opulence project. The remaining members such as Roman Volosovskyi, Alexander Pantyukhov, Andrey Shovkoplyas, Gustavo Nunes, Victor Farazdagi are all talented developers with experience working at leading technology companies. In addition, Andrei Mironov is responsible for user interface design, Anna is in charge of quality control, and Tatu is the community connector.

Team Status (SNT)

Current price of Status (SNT)

$SNT

Where to buy and sell SNT Token?

You can buy and sell SNT Tokens on exchanges such as:

  • Binance.com

  • Okx.com

  • Upbit.com

  • Bitget.com

Huongdandaotienao himself often buys and sells Coins & Tokens on Binance because this is a reputable, safe, secure exchange and is the Top 1 exchange in the world today. The exchange is trusted and used by most traders.

If you do not have an account on this floor, you should create an account immediately to start buying and selling.

Link to register Binance account & 20% discount on trading fees: https://accounts.binance.com/register?

Conclusion

Above is the entire article about the Status social platform and the SNT Token. Hopefully this article will help you in the process of learning and investing in this Coin.