Status (SNT) Review
Status defi token is an open source messaging platform and mobile interface to interact with decentralized applications that run on the Ethereum Network. This document presents a utility network token for Status defi token , the first ever mobile Ethereum client built entirely on peer-to-peer technologies. The messenger form-factor is chosen to make Ethereum feel as familiar as possible to the average smartphone user, while providing a flexible platform for DApp developers, aimed to maximise the amount of daily use of Ethereum’s public blockchain. The Status Network token is a modular utility token that fuels the Status network. This includes a Decentralized Push Notification Market, Governance of the Status client, Community Curation of content, along with social communication tools such as Tribute to Talk. We also propose a fiat-to-crypto ‘Teller Network’, DApp Directory, Sticker Market, and demonstrate our research on a User Acquisition Engine to grow the Network. The Status Network Token (‘SNT’) will be distributed at a rate of 10,000 SNT per 1 ETH to participants in the Contribution Period, and is expected to begin on June 20th. The Contribution Period will run for 14 days, or within 24 hours of the first ceiling of 12M CHF (Swiss Francs) having been reached.
|Status Price||$0.028057 USD|
|Market Cap||$97,370,669 USD|
|Circulating Supply||3,470,483,788 SNT|
More about Status (SNT):
The Advertiser of this defi token, or Data Broker, enables the Owner to extract value from the network, ultimately sustaining the platform. This is done by purchasing the user’s data, purchasing qualified leads to their products or services, or by purchasing targeted advertising inventory based on user profiling performed by the Network Owner.
The user’s perspective in the network is quite different. Often users do not approach these
networks with the explicit intention of buying products, but rather to connect with friends
and loved ones or to reach communities who share their own special interests. Often they are powerless to control the information they consume, or how the network is developed. They have no choice but rely on the Owners and Advertisers to behave ethically, or stop using the network entirely.
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Status (SNT) Scam or Not?
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