What Is DENT Coin? | Your Ultimate Guide

With a set of innovative uses and a growing exploiter floor, can a self-styled datum disruptor make it ?

Contents

What is DENT coin ? DENT is a cryptocurrency with a identical specific aim : to make roaming fluid call calls and data usage cheaper. It was invented by its CEO and founder Tero Katajainen as the requital method for DENT Wireless, and was launched in 2017. Read on to discover more about DENT coin, as explained below.

What is DENT Wireless?

According to its 2017 white composition, DENT represents a tokenised mobile-data grocery store, liberated from the centralised, monopolised telecoms diligence. At its congress of racial equality, DENT is a disruptive engineering, which uses the Ethereum blockchain to enable a data-sharing economy “ where users are able to freely buy, sell and donate their mobile data, from any drug user to any user ”. Data roll is large commercial enterprise for the telecoms sector – a fact thrown into sharp focus in the UK, since the majority of mobile operators reintroduce five hundred european roll charges following the nation ’ s majority vote to exit the European Union ( EU ) on 31 January 2020, normally referred to as ‘ Brexit ’. But despite leaving Continental Europe to enjoy its liberal cross-border data use, travellers on a more global scale continue to be plagued by exorbitant roll charges and hapless network speeds, due to data having to be routed via their home area. This is where DENT comes in. The project was created in the hopes of resolving this trouble once and for all. According to its white newspaper, “ DENT facilitates the removal of data-roaming price drivers, such as expensive routings between telephone company. ” Underpinning this engineering is the DENT token, a cryptocurrency built on the ERC-20 protocol that underwent an initial mint offer ( ICO ) in 2017. For an up-to-date analysis on the current DENT price and some future price predictions, please see more of our DENT coin review here. DENT doesn ’ triiodothyronine seek to replace your existing provider. alternatively, it aims to work as a companion, whereby a globetrotter can seamlessly switch between their regular telecoms provider and the decentralized DENT network vitamin a and when needed. Can DENT sincerely make a – stray – dent in the $ 835bn ball-shaped mobile telecoms market ? It might not be aiming to, but given the billions of dollars lost in fresh data due to run out contracts, the company distinctly sees an untapped market of huge potential .

The data exchange

The DENT Exchange acts as a horizontal marketplace for trade of mobile data. In theory, person traveling from the US to France can just log into the central and buy data from a local nonmigratory, hotel chain or early occupation. The american drug user thereby bypasses any data-roaming fees imposed by his provider. In fact, no contractual agreements are necessary. The parisian earns DENT from the transaction and the american saves on roaming fees. All are felicitous. however, there is a catch for those who wish to partake in the sale of their spare data to likely DENT users, and there are few things to be mindful of. As a decentralized data-sharing platform, the DENT Exchange nodes need an incentive to become share of the net. In much the same direction as bitcoin ( BTC ) miners receive BTC rewards for donating their march office, so excessively do data suppliers on the DENT network receive tokenised rewards in the form of a DENT mint payout. There is, however, a major deviation. While BTC can be easily converted into cold, hard decree money, any and all DENT coins are trapped in your DENT account and are unconvertable. This raises the question : How utilitarian is a massive reserve of DENT tokens that can only be used on mobile data top-ups down the line ? There could be an top though. As we have seen with other decentralized networks such as EOS, which rewards blockchain nodes with fiat-convertible tokens, the blockchain quickly consolidates into a little amount of shadowy entities with sufficient memory and processing world power to stamp out the contest. While runs against blockchain ’ south decentralised philosophy, DENT will be less susceptible to this drift, since mine rewards can only be traded in for roaming data or as a contribution. possibly in future DENT could incentivise large-scale donations to developing countries as part of its philanthropic endeavours ? Whether there are future plans to liberate the DENT from the app to be traded on a regular exchange is ill-defined, but at clock time of writing, no such plans have been expressed .

What is DENTNet?

DENTNet was recently added to the DENT company roadmap for 2021. As a concept, DENTNet seeks far decentralization of the telecoms industry. DENT ’ s imperativeness passing states : “ By introducing our own blockchain technology, DENTNet, we will start moving components of mobile net operators into DENTNet nodes. “ This includes customer databases and bill, deoxyadenosine monophosphate well as radio network management. Our grand vision : every node, every cell tower, will act as a micro mobile network powered by the DENTNet blockchain : decentralised and distributed. ” How DENT aims to build the massive amounts of infrastructure required to run a mobile network in a decentralized manner remains ill-defined, but there is the possibility of Starlink being involved. It seems a natural fit .

What is the DENT token…

indeed now that we have reviewed the network and arrangement, how does the actual DENT mint ferment ?

The DENT cryptocurrency is the Ethereum-based token that powers the DENT infrastructure. Currently valued at 0.0057 to the US dollar, DENT is used to buy and sell wireless data on the DENT app. DENT underwent an initial coin offer ( ICO ) in July 2017, raising $ 4.3m ( €3.8m, £3.2m ) on the back of 70 billion offered tokens, whihc valued DENT at $ 0.00006 at the time of the ICO. The sum supply of coins is 100 billion – therefore, 30 billion remains with the company owners for occupation expenses, marketplace sow, salaries, exploiter incentives, bonuses and early operational costs. DENT has pledged one billion DENT tokens to further the United Nation ’ s Sustainable Development Goals ( UN SDG ) into developing countries as part of its ‘ Gigabytes for Africa ’ program .

Who started DENT?

Tero Katajainen, DENT ’ randomness headman executive military officer and founder, is a finnish electronics whiz who studied electric engineering at the University of Tampere, Finland. Having founded numerous other start-ups over the by 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 .

The user experience: calls

therefore how make users access the DENT network ? First, they need to download the DENT app, after which they can then purchase DENT. To make a birdcall, users first have to select a country-specific voice design, which is presently offered in 50-minute, 100-minute and 200-minute sizes. thankfully, the DENT Voice design prices are tied to the US dollar rather than the DENT coin monetary value, saving the inevitable fluctuations in the DENT coin value that could wreak havoc on your design. In a test of the app while writing, a domestic call within the UK went off without a limp, and the address recipient ’ randomness incoming message displayed the caller ’ s count in standard fashion. Calls to Brazil and Australia besides seemed to work just ticket. however, issues occurred while attempting to call Norway, with the app displaying a “ sold out ” message when attempting to purchase a design. Website FAQs yielded no answer to this return, but a help request has been submitted .

DENT on DENT

The user experience: data

Purchasing and and using roaming data is done in much the lapp way as predict minutes. Data packages start at $ 9.99 per gigabyte ( GB ), slightly increasing in value for larger packages. A maximum of 10GB can be purchased for $ 89.99, which is probably adequate for a week ’ s external roll. Again, these prices are tied to the US dollar to eliminate the problem of fluctuating DENT value. The market tab is the control surface of the DENT Exchange revolution, where datum is bought and sold among users, with prices determined by market forces preferably than a preset value. While many available packages can be found that are cheaper than DENT ’ s own set prices, others can be up to 80 % more expensive. box 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 torment if they must continually purchase humble data packages on a casual 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. The DENT Voice, e-SIM and marketplace tabs are well navigable, and DENT tokens can be bought and put into your hope plans. Calls are easy to make, and buying and selling data is very square. The real number test will be how well this innovative chopine will cope as more and more users flock to the platform. Problems might occur if demand for data outstrips marketplace issue, while airy software sizes on the data marketplace could besides be a big problem .

FAQs

How many DENT coins are there? According to CoinMarketCap, the sum go around supply of DENT coins at the time of publish is 99,007,791,203 DENT tokens against a maximal provision of 100 billion .Who owns DENT coin? The DENT coin was launched as a native cryptocurrency token by the DENT Wireless data-sharing blockchain. It was founded in 2014 by Tero Katajainen.

DENT Wireless owns 20 % of all DENT stock, while users of the DENT app and crypto traders hold the stay .Where can I buy DENT coin? You can buy DENT via the DENT app for use on the DENT network. Elsewise, DENT can be traded on a number of crypto-trading platforms. Be mindful that any in-app DENT purchases can not be outwardly traded. We don ’ t have it yet at Currency.com, but we will let you know if and when we do. Just remember to do your own research and never endow more than you can afford to lose .

Further reading

source : https://ontopwiki.com
Category : Finance

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