DENT Coin is a new cryptocurrency that promises to disrupt the world’s mobile data industry. Here’s our DENT Coin review.
What Is Dentcoin?
DENT Coin, or simply DENT, is the cryptocurrency behind the world’s first mobile data exchange. DENT seeks to disrupt the global telecommunications industry.
The coin was launched through a crowdsale started on July 12. That crowdsale is scheduled to last until July 26.
The company behind Dentcoin is called DENT Wireless Limited. The goal of the company is to liberate mobile data “by enabling anyone to buy, sell and donate data through the Ethereum blockchain.” The DENT coin lies at the center of that marketplace. It’s the universal currency for data markets.
Obviously, mobile data has become a valuable necessity over the past few years. It’s an important commodity for people in developed and under-developed parts of the world. Through the DENT ecosystem, users can connect to one another across a blockchain-based platform to buy, sell, and donate their unused mobile data allowances.
Do you frequently overuse your data plan? Or do you never seem to use the massive amount of data available to you? Whether you’re buying or selling mobile data, DENT could change the way your telecommunication plan works.
The DENT Token Sale
A total of 100 billion DENT tokens will be created. 70% will be sold in the token sale, including the presale and public token sale. The total value of the tokens is estimated at 152,000 ETH.
The remaining 30% of tokens not sold in the sale will be used as DENT company tokens for telecommunication acquisition, user incentives, salaries, etc. The company is also making a 1 billion token pledge to support the United Nations SDG program to implement modern telecommunications infrastructure in developing countries.
1 ETH is worth 400,000 DENT. Bonuses are available based on the amount you buy. Bonuses start at 10% bonuses for 45,000 ETH.
What Problems Does DENT Hope to Solve?
DENT is hoping to make the global telecommunications industry more efficient and less costly. Here are some of the crucial problems that DENT seeks to solve:
Liberation Of Mobile Data:
The DENT token will become the worldwide currency for mobile data. Users will send DENT tokens to telecommunication providers in exchange for data. DENT will also enable a data sharing economy where users are freely able to buy, sell, and donate mobile data from any user to any user.
Disruption Of International Roaming:
DENT facilitates the removal of data roaming cost drivers, like expensive routing costs between telecom providers.
Automated Mobile Data Purchases For The Best Price:
DENT allows for automated purchases of data packages for consumers and IoT devices. Users always get the best price from the most suitable operator in their region, without having to worry about buying too much or too little data.
The DENT Mobile App
The center of the DENT ecosystem will be the DENT mobile app, available for iOS and Android. The app contains the user’s wallet for DENT tokens, and has an easy-to-use interface for buying, selling, and donating data packages to other users.
To start using the app, you register your number and verify it. DENT will check your carrier and country. Then, you can view the number of users available in your country or around the world. Check the marketplace of your country to see currently available data rates.
You can also use the app to view the price of DENT coins over time. You can check your DENT earnings (based on network sales) and view other relevant information about your DENT token holdings.
Who’s Behind Dentcoin?
DENT was created by a team of entrepreneurs and specialists led by Founder and CEO Tero Katajainen, a serial entrepreneur and experienced software architect who founded DENT’s predecessor in 2014, creating a trading platform for FOREX with AI components to analyze the behavior of the marketplace.
Other key members of the team include Mikko Linnamäki (Co-Founder) and Andee Vollmer (Co-Founder).
DENT Wireless Ltd is based in Hong Kong. You can reach the company by email at [email protected]
The company has sprung out of a forex company called Commando Coder Ltd., founded in 2014 by Tero Katajainen. DENT appears to use a similar marketplace-style system to the original forex system, but has expanded with blockchain technology while adapting to meet the needs of international mobile data.
We haven’t seen blockchain technology branch into the world of mobile data. The DENT coin could be the first effort to democratize the world of mobile data, making it easy for people around the world to trade mobile data in a peer to peer manner. It’s an ambitious project, and DENT hopes to get telecommunication companies on board in the future.
Right now, DENT is seeking to raise 152,000 ETH through its token sales. You can learn more about DENT coin and the company’s technology by visiting the official website at DENTCoin.com.