What is Dent? All You Need to Know About DENT

In an era where mobile data has become an indispensable part of daily life, the traditional systems governing its distribution and usage often lead to inefficiencies and constraints. From unused data allowances to exorbitant roaming charges, the current infrastructure frequently leaves consumers longing for a more flexible, streamlined approach. The creative solution appears in the decentralized mobile data marketplace established by Dent (DENT), which recognizes these difficulties and envisions a disruptive road forward.

What is Dent (DENT)?

Dent (DENT) was founded in 2014 by the CEO and founder of DENT Wireless company, Tero Katajainen, together with the entrepreneur Mikko Linnamäki. Their visionary goal was to transform the global mobile data industry by creating a decentralized system for mobile data exchange. In July 2017, Dent conducted its Initial Coin Offering (ICO), successfully raising the necessary funds for development, and subsequently launched the DENT token as an ERC-20 token on the Ethereum blockchain.

Later that same year, Dent released its mobile app, initially available in the U.S. and Mexico, enabling users to buy and sell mobile data. Throughout 2018, Dent expanded its services to numerous other countries, actively growing its partnership network with various telecom providers.

The year 2019 marked significant milestones for Dent in user adoption, as the platform reached millions of users worldwide. During this period, Dent introduced innovative features like eSIM, making international roaming more accessible and affordable.

In 2020, Dent continued its innovative trajectory, expanding its offerings to include more countries and exploring new applications within the telecom industry. By 2021, Dent had solidified its presence in the global market, with partnerships spanning multiple countries and a robust, continually evolving platform.

Dent’s journey illustrates an unyielding commitment to leveraging blockchain technology to reshape the telecommunications landscape, changing how mobile data is consumed, and opening doors for further innovation within the industry.

How does Dent Work? Mobile Data Marketplace and eSIM Technology

Dent’s Mobile Data Marketplace is a sophisticated yet user-friendly ecosystem that decentralizes the sharing of mobile data services. Utilizing state-of-the-art technologies like Ethereum smart contracts and virtual operators, Dent facilitates a peer-to-peer market that includes various activities, such as P2P data package transfers, user-to-user data exchanges, and Initial Data Offerings (IDOs). The system is anchored by Dent Exchange, which comprises seven integral components including Market Maker algorithms, order management, and execution.

Dent’s network offers a wide range of data packages and services to users, provided by virtual operators also known as telcos. The marketplace’s success depends on a large consumer base, attracting more telecom companies and sellers to the platform. Users can access the DENT market through web and mobile apps, with the latter being more intuitive.

While the web version is more complex, both versions empower users to easily buy and sell mobile data in a seamless, secure environment supported by smart contracts. The unique combination of these technologies has enabled Dent to innovate how mobile data is shared and consumed globally.

Source: dentwireless.com

Dent’s eSIM technology is another central feature of its platform. Unlike traditional SIM cards that need to be physically swapped between devices or carriers, eSIM is a virtual SIM technology that enables users to switch between carriers without changing the physical SIM card. This advancement is particularly beneficial for international travelers, allowing them to access local data plans without roaming, thereby avoiding high costs.

Dent’s integration of eSIM technology also enhances the user experience within its Mobile Data Marketplace, facilitating more seamless exchanges of mobile data packages and services. Users can easily select from a wide range of data packages offered by various telcos, with the flexibility to choose the best-suited plan for their needs.

By embracing eSIM technology, Dent has significantly simplified acquiring and managing mobile data, contributing to a more flexible and user-centric mobile telecommunications landscape.

Dent Use Cases

Dent’s innovative platform has several use cases that leverage its Mobile Data Marketplace and eSIM Technology:

• P2P Data Trading: Users can buy, sell, or donate their mobile data to others across different carriers, turning unused data into valuable assets.
• Roaming-Free Travel: Through eSIM technology, travelers can access local data plans in different countries without roaming charges, making international data usage more affordable.
• Initial Data Offerings (IDOs): Telcos can offer IDOs, allowing them to sell data packages directly to consumers, with Dent taking a commission from the handling fees.
• Data Package Selection: Users can easily select from a wide range of data packages offered by various virtual operators or telcos, tailoring their mobile data experience.
• User-to-User Data Exchanges: Enables direct data exchanges between users, fostering a more flexible and efficient utilization of mobile data.
• Enterprise Solutions: Businesses can manage and distribute data to employees’ devices, centralizing control and optimizing costs.

These use cases demonstrate how Dent transforms the mobile data landscape, providing more flexible, efficient, and user-driven solutions.

What is the DENT Coin?

DENT is the native cryptocurrency of the Dent platform, an ERC-20 token operating on the Ethereum blockchain. Its maximum supply is capped at 100 billion units, of which 99 (99%) are already in circulation (August 2023).

DENT serves as the essential currency within Dent’s decentralized mobile data marketplace, allowing users to buy, sell, and trade mobile data packages across various operators and regions. Its tokenomics is designed to facilitate and incentivize participation within the network. It can be used for purchasing data, accessing exclusive offers, and even unlocking some premium features on the platform. In terms of supply, a finite number of DENT coins were created, ensuring scarcity and potential value over time.

A portion of the coins were distributed during the Initial Coin Offering (ICO) in 2017, which raised approximately $4.3 million. Others were allocated for partnerships, team members, and ongoing development. In particular, 70% of the DENT tokens were earmarked for presale and token sale, with any unsold tokens remaining within the company. These unsold tokens are subject to a 6-month lockup, with a release of 25% every quarter after that. The remaining 30% of the DENT tokens were allocated to the company, designated for purposes such as telecommunications acquisition, incentivizing users, covering salaries, and other operational needs.

Source: dentwireless.com

The Dent platform and its native DENT coin operate on a Proof of Stake (PoS) consensus mechanism, promoting energy efficiency and security in validating transactions and creating new blocks.

By integrating blockchain technology and a well-structured token economy, the DENT coin plays a vital role in the Dent ecosystem, enabling a seamless, decentralized exchange of mobile data services.

DENT’s Main Features

The DENT Ecosystem is an all-encompassing network that synergizes various facets of mobile telecommunications:

• Dent Gigastore: This global outlet enables telecom operators to reach customers directly, offering diverse data plans and packages, thereby forging efficient connections between users and carriers. Dent Gigastore, a pivotal feature of the DENT platform, serves as a global marketplace for mobile data plans and devices, available in over 100 countries. Users can purchase data packages using DENT tokens or credit cards. After acquiring, they can navigate to their store inventory to customize package details and adjust pricing. Two sales channels are offered: a Point of Sale Store and integration via API for website/app owners. Purchasing and selling are made user-friendly, streamlining the process for all involved.
• Dent Carrier SDK: The Software Development Kit provides tools for third-party developers and telcos to embed Dent’s services within their platforms, enhancing reach, and functionality, and promoting collaboration across the industry. The Dent Carrier SDK is a robust Software Development Kit designed for third-party developers and telecom operators. It allows the seamless integration of Dent’s services into existing platforms, fostering enhanced connectivity and functionality. By leveraging this SDK, developers can capitalize on Dent’s established network and offerings, facilitating collaboration and expanding service horizons across the telecommunications industry. This initiative underscores Dent’s commitment to promoting interoperability and streamlining telecom services globally.
• DBOS: As the core of the ecosystem, DBOS ensures seamless interoperability, scalability, and integration across the Dent platform. Dent’s DBOS is the cornerstone of its ecosystem, ensuring swift and smooth data connectivity by optimizing global traffic routes. Unlike traditional systems that can cause delays, DBOS allows for data traffic distribution at 28 strategic locations globally. This ensures that data can easily traverse long distances, improving experiences, especially for VoIP and IoT. DBOS provides enhanced flexibility, being provider-independent. Its advanced features, from steering API capabilities to adaptive data session support, underline its commitment to efficient, seamless, and scalable telecom services, all while offering easy setup and integration through APIs and clear service terms.
• Dent App: Dent App, available for mobile and web, revolutionizes mobile connectivity by offering a universal eSIM solution. Through the app, users can seamlessly access mobile data in over 70 countries without roaming fees. It offers packages tailored to every traveler’s needs, from weekend jaunts to extended trips. With the flexibility of Dual SIM capability, users retain their primary number while benefiting from Dent’s expansive data coverage. The platform is more than just connectivity; it’s a marketplace to buy, sell, and trade data. Additional perks like Kickback Rewards make it even more compelling, emphasizing user-centric values and effortless connectivity.

Together, these components not only provide diverse services but also foster community and industry-wide collaboration. The DENT ecosystem showcases the transformational power of integrating blockchain, virtual operator capabilities, and user-centric design, creating a unique, comprehensive solution redefining how mobile data is consumed and managed globally.

Is Dent a Good Investment?

The underlying concept of Dent certainly presents an innovative approach to mobile data management. By introducing decentralized data trading, eSIM technology, and interoperable platforms, Dent has identified real-world applications that could revolutionize how individuals and businesses interact with mobile data plans. Its integration with various telecom providers and user-friendly interface make it an attractive proposition. The main concern might be how prepared the global market is for such a change. Adapting mobile data exchange on a peer-to-peer basis represents a significant shift from traditional models. Therefore, potential investors and stakeholders must carefully consider the broader market’s willingness and preparedness to embrace this revolution in mobile data consumption. The success of Dent as an investment may hinge on the timely alignment of technological innovation, market readiness, and user adoption.

How to Own DENT?

To own DENT, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then you are ready to go through the steps to buy DENT.

News on Dent

As announced in June 2023, Dent has successfully implemented the purchase of Voice minutes on their development chain, DENTNET, through the use of the DENT App. This innovative approach leverages NFTs to store voice minutes on-chain, highlighting the company’s commitment to technological advancement. The next phase will involve identifying and fixing bugs before deploying the feature to the Testnet. This milestone aligns with DENT’s ongoing efforts to revolutionize the mobile data industry using blockchain technology.

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