DENT Usage Dent creates an entirely decentralized, secure, and automated global peer-to-peer market, enabling users to donate, buy, and sell mobile data and related services on the Ethereum blockchain. It connects users through blockchain from all parts of the world and puts control over the mobile data market in their hands.
To enable simple and decentralized sharing of mobile data services among network participants, Dent combines multiple state-of-the-art technologies, i. As a mobile service community, Dent also highly depends on the number of users on the network - the more users prefer DENT, the more lucrative the platform becomes.
A large consumer base means that telecommunications companies and sellers will be more likely to join the platform. Dent Exchange is an integral component in the complex Dent ecosystem that facilitates all P2P market activities and has seven elements: instrument repository, Market Maker algorithms, pricing data, order management, portfolio management, order execution, and the DENT Exchange Parachain.
Web and mobile apps allow users to place orders, view the order book, and get access to price history, market depth, and other vital data and features. Dent network performs three types of transfers: P2P data package transfers for roaming-free service, user-to-user data exchanges, and Initial Data Offerings IDO. With Dent, users can take advantage of roaming-free calls, reduced costs for mobile data plans, and much more. The latest listings of include CoinEx, ZB. It is the primary payment method on the network and is used to pay and get paid for mobile data services.
Dent network uses Substrate, a modular framework for building blockchain environments, to create a functional, fully operative, and secure ecosystem. Dent is hosted on the Ethereum network and Ethereum-based smart contracts, thus being secured by the blockchain. The Dent ecosystem uses a proof-of-stake PoS algorithm to verify Dent data transactions, i.
PoS mechanism excludes the process of mining requiring a proof-of-work algorithm PoW , which is often criticized for high energy consumption. PoS, on the other hand, provides a 'greener' solution by being energy-efficient and cost-effective. Dent is also secured by nodes and virtual operators — the greater the number of nodes and operators, the higher the security level. Read more No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose.
Any use or reliance on our content is solely at your own risk and discretion. They may also charge high international roaming fees, with data that expires within a few weeks. The data remains valid for up to a full year, and internet connectivity is available in 61 countries on multiple continents. The platform also offers the option to incorporate the Gigastore API into an existing app or website. It supports cryptocurrency exchanges between DENT and other types of tokens, and enables users to contribute their tokens to a pool.
As others purchase their DENT tokens from the pool, those who have contributed to the pool earn a small fee. DENT Swap is available through an external wallet to support easy, secure transactions. This unique feature adds to the functionality of DENT tokens for instance, by supporting purchases in the Gigastore and more. The platform features automatic trades, order and portfolio management, pricing data and order execution capabilities.
This service is available without a monthly subscription through the mobile app; users simply pay for the service as they go. With a variety of packages and plans usually available from others throughout the world, and with many buyers who are interested in finding plans, the DENT Marketplace makes it easy for users to get the most out of eSIM data.
It enables users to earn tokens via paid sponsors. Users can choose from a variety of sponsor-related activities to earn tokens. These tokens can then be used within the platform for eSIM data plans or voice minutes. Activities include completing daily reward tasks, watching videos and playing embedded games. Users can also earn additional tokens by inviting friends to use the platform.
It boasts an extensive range of features that make data usage more functional and affordable — which places those users in control of their data usage, just as they would be in control of other valuable commodities in their lives. One reason for this is that users can pay for voice calls as they go. In addition, users can purchase data through the DENT Marketplace at an affordable price from other users who no longer need the data.
More than that, users can earn tokens in several different ways to help cover the cost. For example, they can play built-in games or make referrals to earn tokens. Both of these platforms offer a user-friendly experience. More than that, the features and services offered can be accessed and used in dozens of countries around the world. Voice Calls Made Through the App Many digital calling services require both the caller and the receiver to use a special app.
The caller is assigned a new phone number specifically for use within the app. This service area may expand in the future. While its current coverage area may meet most needs, there is the possibility that it may not be suitable for some potential users. Time-Consuming to Earn Tokens One of the great features of DENT is that users can earn tokens, and use them to pay for their data and voice calling needs. However, completing the daily reward tasks and playing the games take time, and may not be feasible for all users.
A few months later, in , the Android app was released. They also worked with governments and public bodies to address regulations and potential obstacles. The number of users has grown dramatically since that time, with the service now active in 61 countries.
In addition, DENT is available on Bybit via perpetual contracts , and the Bybit platform provides you with a user-friendly interface. You can start by registering for an account here. With this in mind, both purchasing and earning tokens for a long-term hold could be a smart financial move.
Both data and voice services are available to users in 61 countries across multiple continents.
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So now that we have reviewed the network and system, how does the actual DENT coin work? Currently valued at 0. The total supply of coins is billion — thus, 30 billion remains with the company owners for business expenses, market seeding, salaries, user incentives, bonuses and other operational costs. Who started DENT? Having founded numerous other start-ups over the past two decades, Katajainen initially created the Hong Kong-based DENT Wireless as an IT consultancy before steering it to become the telecoms disruptor it aims to be today.
To make a call, users first have to select a country-specific voice plan, which is currently offered in minute, minute and minute sizes. Calls to Brazil and Australia also seemed to work just fine. Website FAQs yielded no answer to this issue, but a help request has been submitted. The marketplace tab is the control surface of the DENT Exchange revolution, where data is bought and sold among users, with prices determined by market forces rather than a preset value.
Package sizes tended to be only fractions of a gigabyte, which is likely down to opportunists hoping to unload their remaining monthly allowances. This presents a problem: will users become frustrated if they must continually purchase small data packages on a daily or even hourly basis?
This remains to be seen. Apple, Google, Samsung and other major devices are supported, although some manufacturers — such as Huawei — are not. In general, the front-end experience is quite user friendly. Calls are easy to make, and buying and selling data is very straightforward. The real test will be how well this innovative platform will cope as more and more users flock to the platform. Problems might occur if demand for data outstrips marketplace supply, while impractical package sizes on the data marketplace could also be a big problem.
Who owns DENT coin? It was founded in by Tero Katajainen. Elsewise, DENT can be traded on a number of crypto-trading platforms. Be aware that any in-app DENT purchases cannot be externally traded. Just remember to do your own research and never invest more than you can afford to lose. The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners.
Dent Wireless is a crypto project which utilizes blockchain technology to change the way roaming is used within our mobile phones by lowering the fees the user needs to pay. Through the project, you can then cash in on your unused data as it is returned to the mobile operator once your plan has expired.
The project allows the users to avoid purchasing different SIM cards depending on their travels or have to worry about overpaying for plans or roaming services anymore. How does Dent Wirelesswork? The Dent Wireless project has a few parts to its ecosystem and they all play an important role in providing a cheaper and more efficient data plan solution.
The network has its eSIM card which uses an internet connection and is valid for up to one year. Dent uses one, single global operator to make it possible for anyone to connect to their network and it is free to obtain. The exchange works similarly to other ones in the crypto world, but it focuses on data trading using the DENT token to power the transactions.
Using the app itself you can send data among your friends and peers and accommodate the data usage you might need or want. The Afterburner feature allows you to receive unique benefits for locking some DENT tokens inside its wault for 30 days. How to use Dent Wireless? There are a few features the network offers and they can all be reached in different ways.
The Dent App can be downloaded for your mobile device with ease through Google Play or the App store. Once you download it, set it up as it is a simple process that does not require more than a few minutes. Through the app you can buy several different data plans to use in more than 60 countries around the world with ease, just choose the one you want and pay for it. Know that they serve a similar purpose, it's just that the Gigastore allows you to buy plans in bulk.
Both features require you to create an account and fund it with DENT to be able to browse them, buy, sell and exchange tokenized data. Once you are all set up you can easily participate in the marketplace and buy or sell data depending on your needs.
The Afterburner feature within the app allows you to earn some exclusive rewards by locking a certain number of DENT tokens within it, and this is easy to do as well since you only need to type in the amount you want to lock in and deposit it with one click. What makes Dent Wireless different? The project wants to allow people around the world to be able to take control of their mobile data. So far only a select group has been able to cash in on this opportunity, but now, thanks to Dent, we are all able to.
The project offers different features for you to take advantage of, we have seen gold, oil and other assets become tokenized, but this is the first time you are able to tokenize your mobile data and earn from it. Now you can use one eSIM in over 60 countries and not have to waste money and energy to find and buy a new one in every country you travel to. Why are DENT tokens valuable? The token is used as a means of payment within the ecosystem.
Since it is an ERC token it is available on several exchange platforms making it easy to trade for profit which can also be appealing to traders and investors alike. Is Dent Wireless a good investment? The project is an ambitious one as it took on the whole mobile data industry and the shrewd plans they have been offering us or the ones which make us overpay for the amount of data we are never going to use.
This way you are in control of the mobile data you pay for and can always sell it back if there is any leftover. If you want to invest in Dent Wireless make sure you only invest an amount you are willing to risk. Several different exchange platforms hold DENT tokens and you can choose any of those to purchase some from.
You will notice that some of those exchanges offer the option of paying for DENT with fiat currency, while others might require you to swap another crypto for them. The peer-to-peer transaction is the faster and more efficient way to buy some of these tokens as you avoid using a middleman and receive tokens from one of the holders in exchange for an equivalent amount in fiat currency.
Know that the tokens can be received within the network itself as well as a reward as well.
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