In this article, we will give you the answer to the question of What is Dent Coin and focus on the project.
What is DENT?
Dent (DENT) is a unique blockchain-based project that offers a new take on the old paradigm of the telecom company (telecom).
DENT is an Ethereum based ERC-20 token. 100 billion has been created and currently just over 56 billion are in circulation and additional tokens are released quarterly.
DENT coin was originally created and sold at a July 2017 ICO that raised $ 4.3 million. At that time, 8.6 billion DENTs were sold at a price of $ 0.0005 per DENT. When DENT hit an all-time high of $ 0.111397 on January 9, 2018, early traders could do very well if they had sold at the right time.
The largest trade volume on DENT is on Binance, followed by Bittrex. There is also a small but acceptable trading volume on Vebitcoin, Upbit, CoinBene and KuCoin. Overall though, there seems to be relatively strong liquidity for the token, although it is very volatile.
As an ERC-20 token, it can be stored in any ERC-20 compatible wallet such as DENT, MetaMask or MyEtherWallet. However, users will soon be able to hold shares of DENT by keeping it in the DENT application wallet.
More specifically, they create a virtual telecommunications and worldwide data market, all behind the blockchain and with a built-in utility currency to facilitate data exchange. The hope is to allow mobile data to flow freely between networks just like any decentralized cryptocurrency can.
However, can DENT installed really make a “Dent” in the Telco field?
In this DENT cryptocurrency review, we’ll take an in-depth look at the project, its technology, and the broader roadmap. We will also analyze the long-term use cases for DENT tokens and whether they could face long-term adoption.
Dent Wireless Overview
The global telecommunications industry has been firmly established for some time, but it is becoming increasingly volatile as new global revenue models are explored. The globalization of the world has disrupted the way data is consumed and exchanged, and the telecom’s former guard is trying to keep pace by forming partnerships on many occasions to survive.
This is the blockchain-based DENT that seeks eligible consumers from the hands of regional telecommunications companies and tries to give everyone the freedom to choose to buy and use mobile data.
The good news for these telecommunications companies is that DENT provides a way for them to join, thus eliminating the possibility of being irrelevant in a new global mobile data market.
The DENT founders found that the lockdowns required by traditional telecommunications companies prevent many people from accessing data the way they need it as a liquid medium flowing with them, ignoring boundaries and geographic boundaries.
Instead, users were charged exorbitant fees for roaming outside of their “home” areas, and they were subject to mobile provider “silos” that lock consumers into long-term plans where they would be constantly overcharged for data and network access.
DENT is working to address these consumer problems by adding interoperability to its global data plans, unlocking consumers, and adding billions of dollars to the mobile data ecosystem.
Mobile Data as Commodities
DENT estimates that there are around $ 5 billion of data wasted each month, and they want to create a new market economy from this untapped data.
According to a study by Cisco, 7.2 billion gigabytes of mobile data were used in 2016, and that has only increased since then.
DENT will unlock value in wasted and unused mobile data by making the mobile data market more transparent and connected, allowing consumers to buy, sell and trade their mobile data in a global marketplace.
Trends Disrupting the Mobile Industry
There are three major trends emerging to disrupt the traditional mobile data industry:
Unbilling Billing for Data – This is currently most evident in the cable industry where streaming services such as Netflix and Hulu are gaining market share by offering decoupled cable services from traditional cable operators. Also, first there was a move in mobile data to parse services from providers like Cricket. Now DENT token takes this to the next level by creating a global market for mobile data.
Eliminate International Roaming Expenses – In the past, it was extremely expensive to obtain mobile data in international roaming due to the expensive routing architecture of legacy telecommunications systems. DENT surpasses this by using much cheaper internet transportation and blockchain.
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Pay-as-you-go Mobile Data – This trend started with prepaid wireless providers, but now DENT will take this to the next level through the commodification of global markets and mobile data. With DENT, you will get the best price on data and buy only what you need.