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What is Dent?
Dent is a native token of Dent Wireless that aims to disrupt how everyone buys, sells, donates mobile data. The demand for mobile data is rising exponentially, and as per an Ericsson report, “Global mobile data traffic is estimated to grow by a factor of 4.5 to reach 226EB per month in 2026.”
With more & more users joining the world of the internet from their mobile devices, there will be high demand for mobile data. It was about time someone came up with an exchange for buying, selling, and donating mobile data. After all, today, mobile data has become an integral part of our everyday lives. Such has been its impact that many consider mobile data to be as essential as electricity and hot water. That's where Dent will make an impact as it aims to become a leading player in the mobile data space by facilitating buying, selling, and donating of data.
In their whitepaper, Dent has mentioned three mega disruption trends that Dent is addressing. These trends are liberating mobile data, disrupting international roaming, and facilitating the purchase of mobile data. The legal name of the company behind Dent coin is DENT Wireless LTD. It is a Hong Kong-based company and was founded by Tero Katajainen in 2014. Initially, the idea was to target the Forex market with an automated Forex market system. Expanding on the same idea, DENT Wireless LTD developed DENT Marketplace.
In 2017, other founders began joining Tero to launch their products and services throughout the world. Their names are Mikko Linnamäki & Andreas Vollmer, and they are the co-founders of Dent. So far, Dent, also known as DentCoin, has raised $4.3 million through ICO, which they had conducted in 2017. With over 26 million users already using DENT's products and services, Dent has established itself as one of the leading names in the global telecom industry. Their products are also available across platforms of 220 Telco providers, and a total of 25+ million Android & iOS devices are using DENT today.
What Problem Does Dent Aim to Solve?
With the increasing number of smartphones, the number of people using mobile data has also increased rapidly. With more & more users buying smartphones, mobile data users keep on increasing. But some challenges need to be addressed, and Dent is targeting to solve these challenges. The major issue is a disparity in the cost of mobile data in various regions and countries. In some countries, the data is available at throwaway prices. Whereas in some countries, the prices are exorbitantly high.
For instance mobile data in Equatorial Guinea costs $49.67 per GB, $44.56 in Falkland Islands per GB, $39.87 per GB in Saint Helena, $30.97 per GB in São Tomé and Príncipe, and $25.46 per GB in Malawi. On the other hand, prices per GB of mobile data in Israel costs $0.05, $0.15 per GB in Kyrgyzstan, $0.19 per GB in Fiji, $0.27 per GB in Italy, and $0.27 per GB in Sudan.
Then comes the issue of rigid mobile data. Most of the mobile data operators offer data packs that expire after a fixed duration. It makes data prices even higher. The situation worsens if a user goes outside their home country, where they will have to shell out thousands of dollars to use their mobile data. Such exorbitant prices add billions of dollars into the coffers of data operators, but it also holds back the mobile data industry from realizing its true potential. Thus, Dent will truly put a dent in the global mobile data market with their solutions & products.
The first thing that Dent does is that it creates a sharing economy for mobile data. With Dent, anyone can buy, sell, and donate their mobile data. You can call DENT Exchange a stock exchange of sorts, but instead of stocks, users will buy and sell mobile data here. Being the native token of the Dent ecosystem, the DENT coin will be the de facto currency of the DENT Exchange. As per the expectation of the Dent team, they will soon facilitate mobile data trade worth $4.8 billion per month with DENt Exchange.
Another issue that Dent aims to solve is international data roaming costs. For instance, Dent will put a full stop on the expensive routing between telecom operators. It will cut down the costs for the users on international roaming. Also, Dent enables its users and IoT devices to purchase data packs automatically. You don't have to worry about the prices as the DENT exchange makes sure that the buyer always receives the best prices.
Dent offers four products now. These are DENT eSIM, DENT Voice, DENT Teams, and DENT Exchange. There is also Dent Buy, which is available on the Dent app. It is not an individual product but it is quite useful for the Dent users as it enables them to earn DENT tokens for free. Let's take a close look at each of them to understand them in detail.
Dent eSim supports 60 countries, and you don’t have to sign up for expensive long-term contracts. You don't even have to pay exorbitant fees on international roaming. All you need to do is install the Dent eSim digital card on your iPhone. That's it!
With Dent eSim, its users do not have to change their sim cards while they are in any of the 60 supported countries. For mobile data packages, you can sign up for their 1GB, 3GB, 5GB, or 10GB plans, depending on your data needs. All their data plans have a validity of 365 days. While its users are on the move, Dent connects to the fastest network available automatically and dynamically. The Dent eSim supported countries are in Asia-Pacific, Europe, Middle East, Africa, and America.
DENT app allows you to call real mobile and landline numbers. The good thing about DENT voice is that the person you are calling does not have to download their mobile app. You can call anyone anywhere in the world without buying a local sim and spending a huge sum on international calling. The only thing you need is the DENT app. You do not even have to buy any monthly or annual plans as Dent allows its users to pay as you go option. Also, unlike many other applications out there, the call recipient will see your name & number. As of now, DENT Voice supports over 140 countries.
With DENT teams, multiple people using various devices can share mobile data among themselves. It enables a user who has signed up for DENT mobile data plan can share the data with other users. There is also a DENT web app that you can use to enable data sharing with your team members, friends, and family members.
To access DENT teams, you must sign up for one of the worldwide plans of DENT. Then, you have to sign up to DENT Teams with your account credentials. Then, add anyone with who you want to share mobile data. So, who should sign up for DENT Teams? Well, a mobile data reseller can sell their mobile data to other users. It is also good for small businesses who want their employees to access the internet at the workplace. You can also use the DENT Teams to share data with your friends and family members. As of now, DENT Teams is available in more than 60 countries.
Offering Telco assets of over 220 telecom operators to over 26 million users, DENT Exchange is a one-of-a-kind exchange in the telecom space. Anyone who wants to buy mobile data and voice call plans can visit DENT Exchange to search for an appropriate plan. Dent is the first company to virtualize telco assets like mobile data and voice minutes using blockchain technology. DENT tokens power the transactions in the DENT Exchange as users need it as a transaction currency on it. Currently, users from 43 countries can sign up on DENT Exchange to buy and sell their mobile data and voice minutes.
If you have downloaded the DENT app on your mobile device, you can benefit from DENT Earn. To access DENT Earn, open the DENT app and go to its Earn section. There you will see a variety of options to earn DENT tokens. These tokens are paid by the sponsors of Dent and not the company itself. Basically, you can earn DENT on playing games, completing surveys, and more. You can also earn DENT tokens by inviting your friends to download the DENT app.
The maximum supply of DENT tokens is 100 billion, and its current circulating supply is just above 98 billion. A total of 8.6 billion DENT tokens were sold through ICO. It helped the company raised $4.3 million. From the 100 billion maximum supply of DENT tokens, 30% was set aside for wages, bonuses, rewards, and acquisition. Other 70% of the DENT tokens are for sale. It also accounts for the tokens released during pre-sale activities.
How to Buy Dent (DENT)
Dent (DENT) is currently available for purchase on the following exchanges:
Kraken – Founded in 2011, Kraken is one of the most trusted names in the industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.
The Kraken exchange offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)
KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. USA Residents are Prohibited.
Binance – Accepts Australia, Singapore, and most of the world. Canadian & USA residents are prohibited. Use Discount Code: EE59L0QP for 10% cashback on all trading fees.
WazirX – This exchange is part of the Binance Group, which ensures a high standard of quality. It is the best exchange for residents of India.
Dent – The Disruptor of Global Mobile Data Market
Dent has achieved massive success. The numbers speak for itself as Dent has amassed over 26 million users across 40+ countries. It proves that unlike many other crypto projects there, Dent actually has a real-world product and has real-world use cases, as well. Leveraging blockchain technology, Dent has made a dent in the global telecom market on a global scale. The growth in the number of mobile data users is not going to slow down anytime soon as the use of smartphones is on the rise globally. Now, DENT is in a position where it will be one of the beneficiaries of this growth.
Once Dent expands its DENT Exchange to other countries with a huge user base like India, there would be no looking back. As for the Dent coin, the native token of Dent, it keeps the Dent ecosystem running as it is the defacto currency of the network. Thus, it will continue to play a crucial role in keeping the economy of the Dent ecosystem running. Overall, Dent is a promising crypto project and has numbers to back the claim.
Gaurav started trading cryptocurrencies in 2017 and has fallen in love with the crypto space ever since. His interest in everything crypto turned him into a writer specializing in cryptocurrencies and blockchain. Soon he found himself working with crypto companies and media outlets. He is also a big-time Batman fan.
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