What is the issuance price and issuance amount of Status(SNT) currency?

The Status (SNT) currency issuance in June 2017 generated $91,185,336 from the sale of 315,515,500 SNT tokens.

Dec 09, 2024 at 10:38 pm

Understanding Status (SNT) Currency: Issuance Price, Issuance Amount, and Key Features

Introduction

Status (SNT) is a decentralized mobile application that enables users to communicate, browse the web, and access decentralized applications (dApps) in a seamless and secure manner. The SNT token is the native cryptocurrency of the Status ecosystem, serving various functions within the platform, including:

• Network participation and governance
• Facilitating payments and transactions
• Rewarding network contributors

Issuance Information

The issuance of Status (SNT) currency occurred through an initial coin offering (ICO) held in June 2017. The ICO raised a total of $91,185,336 from the sale of 315,515,500 SNT tokens.

Key Features of Status Currency

1. Decentralization and Security

SNT operates on a decentralized network, eliminating the need for intermediaries and enhancing security. The blockchain technology underlying the platform ensures that transactions are immutable, transparent, and resistant to censorship.

2. Open and Extensible Platform

Status is an open-source platform that allows developers to create and deploy dApps, expanding its functionality and enabling various use cases. This extensibility empowers Status to adapt to evolving technologies and meet the diverse needs of users.

3. User-Centric Approach

Status prioritizes user experience by providing a seamless and intuitive interface. The platform is designed to be user-friendly, simplifying access to decentralized communication, browsing, and dApps even for non-technical individuals.

4. Community Governance

Holders of SNT tokens play a vital role in the governance of the Status network. They can participate in decision-making through voting on proposals related to the platform's development, roadmap, and future direction.

5. Integration with Other Web3 Services

Status seamlessly integrates with other Web3 services, allowing users to access dApps, exchanges, and decentralized finance (DeFi) protocols. This interoperability enhances the utility of SNT by unlocking a wide range of use cases within the broader blockchain ecosystem.

Conclusion

Status (SNT) currency has established a strong foundation as a decentralized and feature-rich platform for mobile communication, web browsing, and dApp access. The open, extensible, and user-centric nature of Status, combined with its community governance model, positions it as a competitive player in the rapidly evolving Web3 landscape.