What is Status (SNT)? Status (SNT) is a cryptocurrency used in Status, a secure messaging app. SNT Token is equipped with the latest technology. It is used to create messages that are not followed by third parties and are not read. Also, this token was created to access the decentralized Web3 base and create a secure storage space on the Status network. Status, (SNT) Token is a blockchain network that offers high security and participation in games to all users on the platform. As Kriptokoin.com, we have compiled the details for you, let’s examine the subject together…
What is Status (SNT)?
The aim of the project is to offer three services together to its users. These; cryptocurrency, wallet and browser. In addition to the Status wallet, investors who own SNT Tokens are provided with a secure messaging environment over their own network. Users can easily access social media, stock markets and games over the Web3 base. SNT Token aims to make all transactions for its investors at a single point.
It also enables investors to communicate securely over the network with other investors. The Status network was created in partnership with Jarrod Hope and Carl Bennets and was first listed on the market in 2017. Both previously ran a software distribution company.
Advantages and disadvantages
Advantages;
- SNT Token investors have the opportunity to use wallet, secure messaging application, access social media, stock market and games from Web3 base. Thus, it can provide direct access to four different channels from a single location.
- Investors can communicate via the Status network secure messaging application. Users who do not know the password are not able to see the messages. Only users who know the password and selected by the message owner can see the messages.
- Investors can quickly perform cross-border transfers and exchanges between wallets within a few minutes.
Disadvantages;
- SNT Token, unlike other cryptocurrencies, did not provide opportunities for its investors such as rewards or cashback.
How can I get a Status Token?
SNT Token is easily available on popular exchanges such as Binance, Huobi Global, CoinTiger and OKX.
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