Status is an open-source messaging platform and mobile interface to interact with decentralized applications that run on the Ethereum Network. The messenger form-factor is chosen to make Ethereum feel as familiar as possible to the average smartphone user while providing a flexible platform for DApp developers, aimed to maximize the amount of daily use of Ethereum's public blockchain.
$SNT is an ERC-20 token for accessing and powering the decentralized services in the Status Network and application. It is also used to incentivize and reward network participants to run a node in order to ensure the app continues to work if all nodes in the Status-hosted cluster are down.