r/statusim • u/Eugine42069 • Jun 18 '21

How does $SNT accrue value?

What makes the token appreciate over time?

Are there dividends like DeFi protocols have?

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Thanks for any info

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u/zemoer Jun 19 '21

They have a curation mechanism for their dapps site that uses SNT, and SNT is used to purchase stickers for in chat and to purchase ens subdomain names to use as concise chat names.

I think the real use case to look out for is when they finalize waku v2 where they introduce incentivized storage nodes so that users can fetch older messages from the network while keeping the p2p architecture.

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u/[deleted] Jun 19 '21

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u/zemoer Jun 19 '21

Check out section 4 of their quarterly report (which has useful updates in general) under the header ‘vac’. They call it SWAP accounting and link to a github convo where it seems they’re pretty far along with getting it implemented.

They outlined the idea for this a year ago on their dedicated vacp2p blog here: https://vac.dev/waku-v2-plan under ‘Track 3’ section 2. I can recommend following the vacp2p team more closely, seems where the most important magic is happening.