On which platforms can Status (SNT) be bought and sold?
Status is a mobile operating system that will completely change the way the world interacts with the Ethereum network. Designed as a decentralized browser and private messenger, Status allows you to connect to the entire Ethereum network in just a few clocks.
Operating as a “light” client node on the Ethereum blockchain, Status allows you to access all Ethereum decentralized applications (dapps) via an application on your smartphone. It opens the door to the massive adoption of DApps built on the Ethereum blockchain. The target market for smartphone users is perfect as it is constantly growing.
How it works: for what purposes can Status (SNT) be purchased?
Status Coin (SNT) is the cryptocurrency of the Status platform. The platform is a “light client” for Ethereum, which serves as a messenger, browser and gateway.
As Status is based on the Ethereum blockchain, users can design their applications using Smart Contracts. Status is also connected to the Ethereum peer-to-peer network and can exchange data via the decentralized network.
The Status Light Client offers a good opportunity for many users to work with the Ethereum blockchain without having to download it completely.
The Status platform sees itself as a community project operating via an open source system. Anyone who wants to participate can work on the platform.
You can list and send crypto currencies on this platform. In addition, Statut has an electronic wallet. In addition, users can also buy and sell with ETH or use it as a payment method in stores.
Then Status is a platform for dApps (distributed applications). uPort ID is an application based on Status for example. The uPort ID application allows the service to use its own encrypted and mobile identity to secure digital interactions. Another dApp based on the Status platform is Etherisc, a decentralized insurance platform. This dApp aims to make the acquisition and sale of insurance policies more efficient, less expensive and more transparent. Another example? UJO is another Status App that seeks to protect artists. Indeed, the application is a platform for musicians. It allows them to distribute their music without losing control of it (unlike the traditional method, which consists of going through a record company). Artists can use this platform to decide at any time how much they want to earn for downloading, streaming or synchronization.
Overall, Status is working on a decentralized economy, but also wants to play a major role in the social media sector.
Our review: should we buy Status (SNT)?
Since SNT is very useful within the Ethereum community, as long as Ethereum is a promising decentralized platform, SNT will be the sure bet, although it occasionally experiences drops in value in USD.
This token has a promising future as an Ethereum sponsor, which has proven to be one of the most advanced decentralized platforms in the world of crypto-currencies and the digital world. So we are rather optimistic