What Is Status (SNT)?
Status is a marketplace for decentralized apps (dApps) on the Ethereum blockchain. It functions as an Facebook Messenger-like portal to access the full library of over 1700 Ethereum-based projects using the SNT ERC-20 token for messaging and peer-to-peer (P2P) payments on the platform. Of course, it uses in-app microtransactions, a hotly regulated topic.
Who Is Status?
Status was created by co-founders Carl Bennetts and Jarrad Hope in Switzerland. The Status Foundation says it has no hierarchy and rewards only project contributions. This encourages everyone at every level to continue development output.
Use Cases of Status
Messenger is the flagship product of the Status Network, which includes Embark, Nimbus, and Keycard. The ecosystem also includes over 30 Ethereum projects so far, all of which can be downloaded, opened, and operated within the Status mobile app.
How to Mine SNT
SNT is not mined. There is an open bounty program for bug fixes and such that offer rewards. It can also be purchased on a variety of popular cryptocurrency exchanges.
Learn More About Ardor
If you want to learn more about Status, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.