The Status Network Token (SNT) is a utility token that plays a crucial role in the Status ecosystem. Here are some key ways it is used:

1. Accessing Features: While the Status Network is free to use, SNT tokens are required to access certain features on the mobile Ethereum client.

2. Governance: SNT token holders have voting rights on update proposals to the network. Each SNT token is "cloned into a separate decision token," with each vote equating to a weight of one vote. The more SNT tokens a user has, the more voting power they receive towards the decision of an update proposal.

3. Sticker Market and Tribute to Talk: SNT tokens are used in the Sticker Market and Tribute to Talk protocols. Tribute to Talk is an "economics-based anti-spam filter" where users set a minimum amount of SNT tokens for other users to offer before receiving cold messages from unknown senders outside of their network.

4. Username Registration: Only accounts holding SNT tokens can reserve a username. Users must deposit SNT against their username to receive a badge indicating the account is trustable.

5. Decentralized Push Notification Market: Users must deposit SNT with a provider to receive push notifications from a DApp. This creates a push notification market where users pay for the service.

6. Community Engagement: SNT tokens are used to curate the Status Community Directory, vote on future development priorities, and reserve ENS names. Users can also stake SNT tokens to participate in governance and other activities.

Overall, the SNT token is designed to incentivize all participants and honest behavior on the network, ensuring the smooth functioning and growth of the Status ecosystem.

To store Status Network Token (SNT) tokens, you can use any Ethereum wallet that supports ERC-20 tokens. Some popular options include:

• MyEtherWallet
• MetaMask
• Mist

Additionally, you can store SNT tokens in the Status app itself, which provides a convenient and integrated solution. For enhanced security, you can also use hardware wallets like Ledger or Trezor until the native Status hardware wallet, Keycard, is released.

To buy Status Network Token (SNT) tokens, follow these steps:

1. Choose a CEX: Select a reliable and trustworthy crypto exchange that supports Status (SNT) purchases, such as Binance, MEXC Global, Gate.io, or HTX Global.
2. Create an Account: Enter the required information and set a secure password. Enable 2FA for added security.
3. Verify Your Identity: Complete KYC verification, which may require providing identification documents.
4. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
5. Buy Status (SNT): Use fiat currency or a popular cryptocurrency like USDT to buy Status (SNT).

1. Choose a DEX: Select a decentralized exchange that supports Status (SNT) trading, such as Uniswap.
2. Download and Install a Web3 Wallet: Use a wallet like MetaMask or Trust Wallet to interact with the DEX.
3. Create and Set Up a New Wallet: Follow the wallet's instructions to create and set up a new wallet.
4. Transfer Cryptocurrency: Transfer a cryptocurrency like ETH or BNB to your wallet.
5. Connect to the DEX: Connect your wallet to the DEX and follow the instructions to swap for Status (SNT).

1. Choose a Wallet: Select a reputable crypto wallet like KuCoin Wallet or MetaMask.
2. Create or Import a Wallet Address: Create or import an existing crypto wallet address to store, send, and receive crypto.
3. Buy Status (SNT): Use the wallet to buy or swap for Status (SNT).

• Gate.io: Sign up, verify your identity, and deposit funds to buy Status (SNT).
• Kriptomat: Sign up, secure your account, and buy Status (SNT) directly.

Remember to always follow the specific exchange or wallet's instructions and ensure you understand the fees and risks involved in buying and trading cryptocurrencies.