Being part of the ERC20 token, all transactions are run through gas in the Ethereum ecosystem (refer to Ethereum for more information). On Status itself, SNT are directly use to transact, run smart contracts, Dapps features. For example:
- SNT is required by Stakeholders to select and receive push notifications.
- SNT is required to register a username on the Status Network.
- SNT is required to deploy a semi-public token-based group chats.
- SNT is deposited, and transferred from stakeholders to recipients upon receiving a reply from the recipient.
- SNT is required to opt-in for curation mechanisms.
- SNT is required to become a seller.
- Research case: SNT required for arbitration.
- Required for curation and signaling in the Teller Network.
- Research case: Required as a deposit by DApp Developers who wish to attain greater attention to their DApp.
*Retrieved from Status Whitepaper