Explained: DENT - All You Need to Learn

What is DENT

DENT, with a mission to liberate mobile data by helping people avoid the costs associated with telecommunications fees, is designed to empower individuals. Additionally, it allows you to earn money from your unused data that is returned to a mobile operator when your plan expires.

The Dent Platform is built on the Ethereum blockchain and has a native ERC-20 token called DENT. Mobile data packages come in the form of smart contracts. The DENT mobile application is currently available for iOS and Android devices, boasting more than 7 million users worldwide.

DENT's peer-to-peer network disrupts the rules of the game among existing telecommunications operators in three ways:

1. It eliminates all data roaming costs due to exorbitant routing setups between telecoms.

2. Both individuals and telecommunications companies can use DENT to engage in mobile data trading, paving the way for a new and more inclusive data-sharing economy.

3. Individuals and IoT devices can automate the purchasing process and seize the best opportunities in the region by using DENT for transactions.

What DENT Does?

DENT aims to address the issue of global mobile traffic, which, according to Cisco, exceeded $32 billion in 2017 and continues to grow. Many telecommunications users find themselves constrained by data options. Regardless of the data package purchased, it typically expires within one or two months. Meanwhile, most users either have insufficient or excessive data usage within their plans.

The developers of DENT recognized the need to liberate mobile data by allowing users to purchase, earn, and spend their data as they desire. Such an innovative vision has created a brand-new market worth $4.8 billion, adding much-needed flexibility to mobile data usage and plans.

How Does DENT Work?

DENT is comprised of various cutting-edge technologies that come together to allow users to engage in mobile data exchange. The key components include the DENT Exchange, Ethereum smart contracts, a mobile and a web application, and virtual operators.

Fundamentally, DENT cannot operate without a broad consumer base. You may be aware of the highly competitive nature of the telecommunications industry. No innovative telecommunications company can afford to miss the opportunity to reach more customers. Therefore, the driving force to attract telecom companies to the DENT ecosystem is the customers themselves. The more users DENT has, the more profitable the platform becomes for service providers. Additionally, every telecommunications company joining the DENT market gets a chance to directly engage with competing customers.

### The DENT Exchange The DENT Exchange is the core component of the DENT ecosystem. Essentially, the exchange is a trading platform with features reminiscent of forex and similar markets. Here, users and third-party telecom companies meet and make deals with the help of the Ethereum blockchain. The exchange comprises seven components: the instrument store, pricing data, portfolio management, market maker algorithms, order management, order execution, and the DENT Exchange parachain.

DENT web and mobile applications

DENT web and mobile applications allow market participants to view the order book, place orders, review price history, quotes, market depth, and other relevant trading information. The mobile application is essentially a simplified version of the web application.

Ethereum smart contracts

Ethereum smart contracts execute DENT transfers based on events occurring in the market.

Virtual operators or telecommunications companies

Virtual operators or telecommunications companies act as market makers. They provide various data packages for DENT users and serve as payment gateways for traditional Premium-SMS/USSD data package deals.

Having such a system enables DENT to facilitate three types of transactions:

1. User-to-user data transactions.

2. P2P international data package transfers in roaming situations.

3. Initial Data Offers (IDO) by telecom companies.

DENT's revenue comes from processing IDOs and fees collected through spreads.

Features of the Dent Ecosystem:

### Global Marketplace for Mobile Data Trading:

Dent serves as a global marketplace for mobile data trading.

Crypto System Targeting Data Roaming Costs:

The Dent crypto system aims to liberalize the mobile data industry by eliminating data roaming costs, potentially disrupting the international data roaming arena.

Built on Ethereum Blockchain:

Dent operates on the Ethereum-based blockchain.

Decentralized System Allowing Operator Choice:

It is a decentralized system that allows customers to choose their operators.

Earn Dent Tokens by Selling Unused Mobile Data:

If you sell your excess mobile data, you can earn Dent tokens.

Consumer Choice Based on Prices Offered by Mobile Operators:

Consumers can choose from mobile operators in their regions based on the prices they offer for mobile data packages.

Trade Dent Tokens on Various Crypto Exchanges:

Dent tokens acquired on the Dent exchange can be traded on various cryptocurrency exchanges.

How to Use Dent:

Dent can be used by individuals and telecommunication companies to sell mobile data services at affordable prices on a global scale, making such services easily accessible to anyone worldwide. Utilizing innovative technologies and decentralized management that creates a P2P marketplace entirely driven by users, Dent allows for buying, selling, and donating mobile data, automatically processed by the network.

Dent coins can be used for payments and transactions related to mobile data, but they can also be exchanged for fiat currency and other cryptocurrencies or traded on the cryptocurrency market for profit. Dent Wireless plans to expand its range of services and features in the future, making the market even more attractive.

Partnerships:

Over the years, Dent has established numerous partnerships with major corporations and industry organizations worldwide, enabling the realization of international projects, integration of new features, and joint marketing campaigns.

## DENT Team:

Founded in Hong Kong in 2014, DENT Wireless LTD embarked on developing an automated Forex market system with embedded risk management functions, led by Tero Katajainen. Drawing on his ideas and expertise, the team created the DENT Marketplace to tokenize Telco Assets and facilitate the buying and selling of mobile data packages, voice minutes, and more.

In 2017, other founders joined Tero's venture, forming a team to introduce DENT products and services to the world.

Prons and Cons of DENT

Prons

The project has a goal to create a market with an annual value of $386 billion. Currently, there are no established second-hand data marketplaces, and Dent aims to fill this gap. It addresses significant inefficiencies in international roaming markets, offering a solution. The availability of cheaper mobile data is likely to attract a large consumer base. Dent already collaborates with approximately 20 telecommunications operators, and the rapidly growing mobile data market further supports its potential success. If successful, Dent has the potential to become a decentralized unit connecting cell phone operators, benefiting both everyday consumers and the operators themselves. Initiatives like Gigabytes for Africa contribute to positive global impact.

Cons

The project relies on cooperation from mobile operators, which may pose challenges. The platform is not yet widely adopted, and its usage is not extensive. Competitors in the crypto space, such as Telcoin, present challenges. Currently, mobile operator support is limited to only 14 countries.

Where to buy DENT:

You can purchase DENT from the crypto platforms listed below. Bybit and Binance are the two best crypto markets in the world. At altcoinvoyage.com, we do not recommend using other crypto markets due to low volume and limited crypto assets.

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