What is Status (SNT), How and Where to Buy?

Esat Demirtaş 16 April 2023Last Updated: 16 April 2023

4 minutes read

What is Status (SNT), How and Where to Buy?

Decentralized applications, namely DApps, are becoming more and more popular with each passing day, and projects for decentralized applications have started to become very popular. The Status project and its local token unit SNT Token have also managed to become one of the most popular projects of recent times, as they are aimed at decentralized applications.

In this article, we will try to convey all the details about Status (SNT) with answers to the question of what is Status and what is SNT Token, how to get it, where to buy it.

Contents

What is Status?

Status; It is a decentralized messaging application that works with a blockchain infrastructure.

The Status application, which is an open source code application where users can send messages to each other, can be used easily by downloading and installing on smart phones or computers.

Status runs on the Ethereum blockchain and can be integrated into other decentralized applications running on the Ethereum blockchain. In addition, it is possible to access decentralized applications with cryptocurrency wallets belonging to Status.

In addition to interacting with applications, encrypted messages can be sent to the other party by using peer-to-peer methods with Status. Any file and message sent between peers cannot be viewed by third parties, so users can securely send encrypted messages to anyone they want.

How to Use Status App?

Status provides application services for both desktop operating systems and mobile operating systems.

Also, using the Status app is pretty easy. It offers Play Store, Google Play, Android APK and F-Droid support for phones. You can download Status to your phone with one of these applications. status; It also supports Linux, Windows, Mac computer operating systems. All you have to do is download the Status application, register and start using the application.

You can click here to download the Status application to your computer or smartphone. It is possible to download the application immediately by selecting the operating system of your computer or smartphone on the page that opens.

What is SNT Token?

SNT Token is the native token unit created with the ERC-20 smart contract located on the Ethereum network of the Status network.

SNT Token, which does not have a maximum supply and is better known as SNT Coin, is used as a means of payment in the Status application. Users receiving SNT contribute to the development of the network.

With a total supply of 6,804,870,174 Status (SNT) Tokens, the circulating supply is 3,470,483,788, which is nearly half the amount.

How and Where to Buy SNT Token?

Frequently asked questions about how to buy SNT Coin and where to buy SNT Coin, SNT Token is among the easiest cryptocurrencies to buy because it is listed on many crypto exchanges.

You can follow the steps below to buy SNT Tokens through Gate.io, one of the central exchanges where you can buy SNT Tokens:

Login to your Gate.io Exchange account. If you do not have an account on the Gate.io Exchange, click here to create one.
Transfer the amount of SNT Token you want to buy after logging into your account. You can use the Tron (TRX) cryptocurrency because of its affordable transfer fees.
After your transfer reaches your Gate.io account, go to the Markets page and type SNT in the search section and select the SNT/USDT parity.
On the page that opens, determine the amount you want to buy and click the Buy SNT button to complete the purchase.

If you are looking for a detailed guide on the use of Gate.io Exchange, you can review our article titled Gate.io Exchange and Detailed User Guide.

Frequently Asked Questions About Status (SNT)

In this area, we will try to convey the answers to the most frequently asked questions about Status and SNT Token. This area will be updated regularly in line with your requests and questions.

What is SNT Coin?

The term SNT Coin is a user-generated term for Status (SNT), but it is incorrect. Because SNT is a token unit, not a coin. Therefore, its correct use should be SNT Token.

What is Status Coin?

The term Status Coin is also an erroneous term that was formed depending on the reason for the emergence of the term SNT Coin. Correct usage should be in the form of Status Token.

Does SNT Token Have Its Own Blockchain?

SNT is located on the Ethereum blockchain. It is produced in ERC-20 format, which is the smart contract type in the Ethereum network.

Is Status (SNT) a Future Project?

Judging by the potential of Status and the advantages of using the application, it is not unlikely that it will increase its popularity in the future.

Who is the Founder of Status (SNT)?

The Status network as a whole was founded and announced in 2017 by Carl Bennetts and Jarrad Hope, who previously ran a software distribution company.

On Which Exchange or Exchanges Is SNT Token Available?

SNT Token is already listed on many crypto exchanges including Binance, but Gate.io Exchange is the best option to buy USDT and take advantage of the exchange’s volume.