​​Status Network Token (SNT) SNT is a token, Web 3.0 mobile i | Chill Crypto | News | Bitcoin

​​Status Network Token (SNT)

SNT is a token, Web 3.0 mobile interface, and open-source messaging platform that interacts with Ethereum applications.

The Status Network allows users to…
Control their identity and personal data
Access decentralized marketplaces
Create and share content
Create companies without limits or borders
Purchase insurance policies

And to access some of these features, users need SNT, which fuels the network. This increases demand for the token.

And Status has been improving its features as well. The Status Keycard allows users to store their private keys offline in a more secure, cold storage hardware wallet. And two recent updates, Reset Keycard and Backup Keycard, brought support for multiple accounts and more convenience.

This has boosted the number of users on the network. In Q1, Status saw over 900,000 installations and nearly 750,000 new users – that’s an average 8,333 users per day. So it’s seeing good results from these new upgrades.

Since SNT is a crucial part of the Status Network ecosystem and its development, token holders will be benefactors of all this growth. Already, holders of SNT have seen an 876% return since the beginning of 2021. With the dramatic increase in new users, we see no slowing down in token price or usage for the Status Network.