What’s SNT used for?
SNT has a wide range of use circumstances inside the Standing Community, together with:
- Messaging: SNT can be utilized to pay for messaging companies inside the Standing app. This consists of sending and receiving messages, in addition to collaborating in group chats.
- DApp utilization: SNT can be utilized to pay for items and companies supplied by DApps on the Standing Community. This consists of issues like shopping for in-game objects, paying for entry to premium content material, or voting in decentralized governance proposals.
- Community curation: SNT holders can stake their tokens to take part within the curation of the Standing Community. This consists of voting on which DApps to checklist within the Standing app listing and which options to develop subsequent.
- Governance: SNT holders can even use their tokens to take part within the governance of the Standing Community. This consists of voting on proposals to alter the protocol or to allocate funding to new tasks.
SNT and the way forward for decentralized finance
SNT is a key a part of the Standing Community’s imaginative and prescient for a decentralized future. The workforce believes that SNT can be utilized to create a extra open and equitable monetary system, the place everybody has entry to the identical monetary companies, no matter their location or background.
A technique that SNT can be utilized to realize this imaginative and prescient is by enabling micropayments.
Micropayments are small funds that may be made shortly and simply, with out the necessity for intermediaries. This might make it doable to supply new varieties of monetary companies, akin to payper-use entry to content material or companies.
One other means that SNT can be utilized to realize this imaginative and prescient is by enabling decentralized governance. Decentralized governance permits customers of a system to have a say in how it’s run. This might make monetary methods extra conscious of the wants of customers and fewer prone to manipulation.
Conclusion
SNT is a utility token with a variety of use circumstances inside the Standing Community. It’s used to pay for items and companies, incentivize participation within the community, and govern the longer term improvement of the platform.
The workforce behind Standing Community believes that SNT can be utilized to create a extra open and equitable monetary system, the place everybody has entry to the identical monetary companies, no matter their location or background.