What is SNT?

SNT, short for Status Network Token, is the native cryptocurrency of the Status network. Status is an open-source messaging platform and mobile browser that runs on the Ethereum blockchain. SNT serves as a utility token within the Status ecosystem, enabling users to access various features and services on the platform. It is used to participate in decentralized governance, vote on proposals, and access premium services within the Status app. Additionally, SNT can be used as a medium of exchange for transactions and peer-to-peer payments on the network. Overall, SNT plays a crucial role in facilitating the decentralized and user-driven nature of the Status platform.

This mind map was published on 1 August 2023 and has been viewed 117 times.