SNT Translation Initiative Boosts Utilization
August 14, 2019
SNT User Activity is up 11.28% since July 21st, driving FCAS up 30-points (3.75%). Developer Behavior also climbed 1-point (0.11%) while Market Maturity dropped 6-points (-0.9%). Price is down -7.47% over the same time period.
growth, crecimiento, рост
Status was a Daily Mover back in early-April as SNT fundamentals spiked following the release of a new beta version of their mobile application. Through Q2 and into Q3, the team has kept a leadfoot on the accelerator, continuing to advance along their roadmap and reach new audiences.
The project is creating “a secure communication tool that brings together chat, wallet, and web3 browsing all in one place”. Their application essentially provides a user interface for the entire Ethereum ecosystem, consolidating DApps, users of those DApps, chat capabilities, and payment functionality into one intuitive portal. The SNT token is used as payment for network tasks and as a governance token.
In mid-July, the team engaged their global community in an initiative to translate the Status website and mobile application into a number of languages, including Korean, Chinese, Japanese, Russian, German, French, Polish, Spanish, Dutch, and more. The effort has been a success and led to an increase in FCAS fundamental utilization of SNT. The equation is simple, translate the application, making it increasingly accessible to the global community, and adoption will follow.
🌶️ Hot Take
The Status vision is broad and inspiring, aiming to unite users across the globe on a platform that upholds privacy and security as a paramount objective. The official v1 release of their mobile application is slated for the end of September, with a number of important development initiatives firmly underway, such as a DApp Discovery tool, a Teller asset exchange network, and ENS usernames.
Under guidance from an impressive leadership team, industry-leading squad of developers, a growing and diverse community, and clear use cases, the remainder of Q3 into Q4 will be an exciting time for the Status team and their emerging technology.
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