What Is Dent Wireless And Dent Coin?

what is dent coin

Aaron has spent 10+ years in different start-up, business environments wearing hats in marketing, sales, management and operations. Mikko Ohtamaa is CTO of TokenMarket and an early blockchain and Bitcoin expert. He’s also versed in Python and JavaScript development and an open source advocate. DENT Wireless spans far and wide offering a broad array of services. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

Over the last day, Dent has had 62% transparent volume and has been trading on 93 active markets with its highest volume trading pairs being . Shiba Inu is an ERC20 token that can be stored in any Ethereum wallet. Pick a SHIB wallet for long-term storage, short-term trading, or both. Staking is the process of locking up KSM tokens in a wallet to earn rewards. It’s facing extreme competition from other blockchain providers. For example, Sirin Labs’ dedicated blockchain smartphone is currently under development and has the goal of having DENT-like features built in.

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Parameters are configurable for the cryptocurrency calculator. In the case of the chart, it is not possible to add many parameters . So you can try it with no risk to yourself and you don’t need any credit cards to register to use the app which is even better. The process was super easy and trouble free, took me about 3 minutes to set it all up and send data to my friends. I have used DENT to send Data to friends located in the USA who weren’t keen on spending the crazy global roaming charges.

what is dent coin

DENT is the utility token of the Dent network and it is an ERC-20 token based on the Ethereum blockchain. Ethereum smart contracts execute all DENT transfers made on the Dent blockchain. DENT is the main payment method on the network and is used to pay and get paid for mobile data services. Dent offers anyone the chance to sell mobile data and telecommunication services, which includes telecommunications companies and individuals alike. Sellers on the Dent network can offer their services on the exchange as Dent forms a peer-to-peer market with free global access to anyone. It’s based on the Ethereum blockchain, allowing mobile data to be sold, bought or donated through an automated bidding process much like currencies or goods. The DENT token is required to purchase mobile data within the Dent platform.

DENT aims to become “your new digital and global mobile operator”. Through the DENT Network, anyone across the world can access the tokenization and trading of mobile minutes and data bundles through the DENT Exchange.

Where Can I Get Dent Wallet?

Dent was launched in 2017, founded by the CEO and founder of DENT Wireless company, Tero Katajainen. Katajainen has a degree in science and a strong background in technology, having won multiple awards in the field of technology.

Dent makes use of the abilities of blockchain technology to build a worldwide marketplace for mobile data liberalisation. Anyone from anywhere in the world may use the network to tokenise and trade mobile minutes and data packages on the Dent Exchange. Unbundling of mobile data billing – We see it with services like cable . This is also happening with mobile data packages which historically have been locked into one provider. DENT aims to create not only a global marketplace and exchange but also facilitate peer to peer data transfers. 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.

About Dent

This is made possible thanks to blockchain technology and the native DENT token. Launched in 2017, Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups and a roaming-free experience. According to the company website, Dent employs blockchain technology’s powers to create a global marketplace for mobile data liberalization. DENT Wireless, or DENT, is liberalizing the market of mobile data, creating a global mobile and data network. DENT has designed the eSIM, built around a new mobile data infrastructure created using blockchain technology.

  • Software wallets provide another option and are free and easy to use.
  • Other co-founders Mikko Linnamaki and Andreas Vollmer have joined the business in the midst of 2017.
  • Visit our currency converter page to convert DENT prices to currencies other than USD.
  • Previously, he co-founded multiple Internet startups and also holds a Master of Science degree in Electrical Engineering.
  • For example, in Africa only 29% of rural areas have mobile data.
  • Non-custodial wallets make use of secure elements on your device to store the private keys.

Daily cryptocurrency news digest and 24/7 breaking news alerts delivered to your inbox. Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.

This means that the Dent platform operates thanks to the proof-of-stake consensus method. Unlike Bitcoin, which utilizes the proof-of-work consensus mechanism, Dent relies on large stakeholders to become nodes and transaction validators. Anyone interested in buying data, I have 123 gb available to sell for 3$ each. We have released the Mobile #Data Marketplace 2.0 for Android 💪🏻Now we have the most competitive worldwide #eSIM data offering on all platforms! After signing up, you may also receive occasional special offers from us via email.

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No matter which data package you buy, it expires in a month or two. Meanwhile, most users end up either underusing or overusing their data plans. Of the total supply, 8.6 billion DENT tokens were sold at a fixed price of $0.0005 per token during the company’s initial coin offering . 30% of all DENT tokens remain at the company for strategic acquisitions and market seeding, user incentives, salaries and bonuses.

Before reading the free report, please read the Financial Services Guide available here. The team’s accomplishments to date have been impressive, and they have already onboarded 3.5+ million users. The dedication of the company to donating 1% to developing nations is a sign of goodwill toward helping the world become more accessible to new markets. Consumers are dealing with old world rigid purchasing limitations causing data to be overused or underused, meaning customers are leaving cash on the table (to the tune of over $4 billion). What would normally have been wasted can now be tokenized, bought, sold, donated and transferred across borders, carriers and ultimately users. ETHScanr app – This app allows you to manage, follow and set alerts for any Ethereum Address.

The way you make your purchases differs depending on the platform you use to buy Dent tokens. If you’re using Binance, you can buy Dent with either Ethereum tokens or Tether . Since Tether is a stablecoin, using USDT simulates buying Dent with fiat currency.

He came up with the idea of creating an automated forex market system with in-built risk management tasks. The new coin aims to bring freedom to the telecommunication industry. Helping you make informed decisions on investing, money, equities and personal finance. Seasoned investors or newbie traders, our financial education corner has something for all.

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Dent Wireless plans to expand the range of services and features in the future, which should make the market even more attractive. All transfers and transactions depend on Ethereum smart contracts where transfers are executed in order of buy dent coin market activities. Virtual operators are market makers and offer a wide range of data packages and services to network users. Operators are also known as telcos, and they also take care of premium services for SMS and USSD packages.

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This cryptocurrency was developed by DENT wireless LTD, a Finnish company, founded by Tero Katajainen. As a project, Dent seeks to establish an international network that will act as a marketplace for mobile data.

Circulating Supply

Users can spend their free DENT tokens on mobile data and minutes packages on the DENT Exchange. Fundamentally, DENT couldn’t function without a large consumer base. You might be aware that the telecommunications industry is extremely competitive. No innovative telco cannot afford to pass the opportunity to reach more customers. Hence, customers themselves are the driving force for attracting telecoms into the DENT ecosystem.

The members of the DENT team criticize the complexity and fragmentation of the telco industry and try to destroy monopolistic business models established at the end of the last century. The company offers a better solution instead, planning to introduce the eSIM technology that can potentially become a new standard for mobile data. This means that Dent tokens use Ethereum’s network to secure its blockchain, allowing the platform to benefit from Ethereum’s robust decentralized network. The token is integrated into Dent’s platform, so users will need to use Dent tokens to purchase mobile data on its marketplace.

Ethereum smart contracts execute the transfers of DENT according to the events taking place in the market. Individuals and IoT devices can automate the buying process using DENT exchange and get the best deals in the region. He acquired a master’s degree diploma in sciences from Tampere University of Technology in 1999.

Users of the Dent app can send and buy mobile data even for non-users of the app. Additionally, Dent provides Airtime purchases with ETH, BTC, LTC, and BCH, as well as with fiat money. Check out the latest DENT price and the Dent coin price graphs on Coin360.com. This is thanks to DENT Wireless, or colloquially known as simply ‘DENT’.

View the total and circulating supply of Dent, including details on how the supplies are calculated. An overview showing the statistics of Dent, such as the base and quote currency, the rank, and trading volume. Bitcoin and Ethereum are both crypto, but they couldn’t be more different.

what is dent coin

If you plan to use Binance to invest in Dent tokens, then you should consider storing your cryptocurrency assets in a hardware wallet. Keeping your funds in a hardware wallet stores your cryptocurrency offline and makes it impossible for your funds to be hacked. Alternatively, you can use Uniswap to trade Ethereum tokens for Dent directly from your Ethereum wallet. You can buy Ethereum on any cryptocurrency exchange and then send it to your Ether wallet to use Uniswap’s exchange. There’s no need to make an account –– all you need to do is connect your wallet to Uniswap’s website and swap your Ether tokens for Dent. Our team is diligently working to keep up with trends in the crypto markets. Currently, almost all mobile phone operators are locally based.

  • This hindered the growth of the mobile data industry…until now.
  • They are available to download as smartphone or desktop apps and can be custodial or non-custodial.
  • Since the team is also creating an exchange for the mobile data, they will over time have control of not only most of the tokens themselves but the exchanging of the tokens as well.
  • DENT coins are relatively accessible for purchase, being ERC-20 tokens.
  • It was previously called “Commando Coder” which was an automated market system that had built in risk management functions.
  • Dent network is able to perform three types of transfers, which include P2P data package transfers for roaming-free service, user-to-user data exchanges, and Initial Data Offerings.
  • Since Dent is an Ethereum-based ERC-20 token, you can store your Dent on any Ethereum software wallet.

A large number of users and buyers means that telecommunications companies and sellers will be more likely to join the platform. Dent is a decentralized, blockchain-based environment where users can buy and sell different mobile data services. The platform offers roaming-free calls, mobile data plans, eSIM cards, and call minutes.

You can travel to over 60 countries worldwide, and be sure that wherever you go, you will pay the same affordable price for using mobile data. Thanks to utilizing blockchain technology, DENT is able to provide you with a worldwide mobile data plan.

Author: William Edwards

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