The Status Network Token is a modular utility token that fuels the network. By default, Status is free to use and communicate with, but you need SNT to access certain features of the Status Mobile Ethereum Client.
This coin, which is technically referred to as the Status Network Token (SNT), is the official cryptocurrency of a soon-to-be-released smartphone app called – you guessed it – “Status.” The platform was built on top of the Ethereum network and allows its users to do some cool stuff.