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Dent

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Discover Dent's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Dent?

Dent (DENT) is a cryptocurrency and the native token of the Dent platform, a digital mobile data operator built on Ethereum. It aims to reduce roaming mobile phone call costs and provide cheaper data usage globally. Users can share data through the platform, and DENT is used to buy and sell telecommunication assets. The token is an ERC-20 token and can be stored in Ethereum-compatible wallets. Dent offers eSIM cards and global voice calls, making it a decentralized and blockchain-based approach to managing mobile data.

How is Dent used?

The cryptocurrency Dent (DENT) is used as the native token on the Dent Wireless platform, which is a decentralized, blockchain-based exchange for buying, selling, and donating mobile data. Here are some key ways DENT is utilized:

  1. Trading Mobile Data: DENT tokens are used to facilitate transactions on the Dent exchange, allowing individuals and mobile operators to trade mobile data packs.

  2. Gas Fees and Staking: DENT tokens are used to pay gas fees on the DentNet blockchain and to secure the network through staking. This ensures the network's security and enables users to earn staking rewards.

  3. Telecommunication Assets: DENT tokens can be used to buy and sell telecommunication assets such as mobile data or voice minutes on the DentNet platform.

  1. Ecosystem Operations: DENT tokens are the defacto currency of the Dent ecosystem, enabling various transactions and interactions within the network.

Overall, the Dent cryptocurrency plays a crucial role in the functioning and growth of the Dent Wireless platform, which aims to disrupt the global mobile data market by providing a decentralized and secure exchange for mobile data transactions.

How do I store Dent?

To store DENT tokens, you have several options:

  1. Non-Custodial Wallets: These wallets support smart contracts and are ideal for storing DENT tokens. Examples include MetaMask and other Ethereum-compatible wallets. Ensure you have a non-custodial wallet before transferring your DENT tokens to DENTNet.

  2. Hardware Wallets: These provide offline storage and are highly secure. Options like Ledger and Trezor can be used with software like MyEtherWallet to manage your DENT tokens. They are more suitable for larger amounts and require technical knowledge.

  3. Software Wallets: These are free, easy to use, and available as desktop or mobile apps. They can be custodial or non-custodial. Custodial wallets manage private keys for you, while non-custodial wallets use secure elements on your device. They are convenient but less secure than hardware wallets.

  1. Online Wallets: These are accessible via web browsers and are considered hot wallets. They are less secure than hardware or software wallets but are suitable for smaller amounts or frequent trades. Choose a reputable service with a strong security record.

  2. DENTNet Wallet: You can also store your DENT tokens directly on the DENTNet network. This allows you to swap them to DENTX and participate in staking.

Before choosing a wallet, consider factors such as security, ease of use, and the amount of DENT tokens you need to store.

How to buy Dent?

To buy Dent (DENT) tokens, follow these steps:

  1. Choose an Exchange: Select a reputable cryptocurrency exchange that supports Dent (DENT) trading. Popular options include KuCoin, Binance, Kraken, and WazirX.

  2. Create an Account: Sign up on the chosen exchange by providing your email address, phone number, and other required personal information. Verify your email and phone number to complete the registration process.

  3. Add Funds: Deposit funds into your exchange account using a credit/debit card, bank transfer, or other accepted payment methods. Ensure you have sufficient funds to cover the purchase.

  1. Buy Dent: Navigate to the Dent (DENT) trading page on the exchange. Select the amount of DENT you want to purchase and confirm the transaction. You can use a variety of order types, such as market orders or limit orders, depending on your trading strategy.

  2. Store Your Tokens: Once the purchase is complete, your Dent (DENT) tokens will be credited to your exchange account. You can store them there or transfer them to a non-custodial wallet for added security.

Remember to always follow the specific instructions and guidelines provided by the exchange you choose, as the process may vary slightly.

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History of Dent

Dent (DENT) is a blockchain-based cryptocurrency that was launched in 2017 by Tero Katajainen, the CEO and founder of DENT Wireless company, and Mikko Linnamäki, a pioneer in web software and a serial entrepreneur. The project aims to disrupt the global mobile data market by enabling data sharing and trading through a decentralized mobile data marketplace and eSIM technology.

Initial Coin Offering (ICO) and Early Development

In July 2017, Dent conducted its Initial Coin Offering (ICO), successfully raising approximately $4.3 million. The ICO distributed 70% of the DENT tokens, with the remaining 30% allocated to the company for various purposes such as telecommunications acquisition, incentivizing users, and operational needs.

Early Expansion and Partnerships

Following the ICO, Dent released its mobile app in the U.S. and Mexico, allowing users to buy and sell mobile data. Throughout 2018, the company expanded its services to numerous other countries, actively growing its partnership network with various telecom providers. Notable partnerships include Samsung Blockchain, The Enterprise Ethereum Alliance, and Telecom Infra.

Milestones and Growth

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.

Current Status and Future Plans

Today, Dent continues to work towards its vision of liberating the telco industry. The company has successfully implemented the purchase of voice minutes on its development chain, DENTNET, and plans to expand its services to new markets. Dent's native cryptocurrency, DENT, operates on the Ethereum blockchain and is used to buy, sell, and trade mobile data packages across various operators and regions.

Overall, Dent's history reflects its commitment to transforming the mobile data industry through blockchain technology and decentralized marketplaces.

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How Dent works

Dent (DENT) is a blockchain-based cryptocurrency that operates on a decentralized platform, allowing users to buy, sell, and exchange mobile data and airtime directly with each other. Here's how it works:

The Platform

Dent's platform is built on blockchain technology, which ensures a secure, transparent, and decentralized environment for transactions. The platform is designed to disrupt the traditional mobile data market by providing a peer-to-peer (P2P) marketplace where individuals and mobile operators can trade mobile data packages across various operators and regions.

DENT Token

The DENT token is the native cryptocurrency of the Dent platform, operating on the Ethereum blockchain as an ERC-20 token. It has a maximum supply of 100 billion units, with the majority already in circulation. The token serves as the essential currency within the decentralized mobile data marketplace, enabling users to buy, sell, and trade mobile data packages.

Tokenomics

The tokenomics of DENT are designed to facilitate and incentivize participation within the network. A portion of the tokens were distributed during the Initial Coin Offering (ICO) in 2017, which raised approximately $4.3 million. The remaining tokens were allocated for partnerships, team members, and ongoing development. The token supply is capped, ensuring scarcity and potential value over time.

Use Cases

Dent's innovative platform has several use cases that leverage its Mobile Data Marketplace and eSIM Technology. These use cases include:

  • Mobile Data Trading: Individuals and mobile operators can buy, sell, and trade mobile data packages across various operators and regions.
  • eSIM Technology: Dent offers eSIM capabilities, enabling carriers and other businesses to manage their telecommunication services more efficiently.
  • Decentralized Data Sharing: The platform allows for decentralized data sharing, making it possible for users to share their excess mobile data with others.
Consensus Mechanism

The Dent platform operates on a Proof of Stake (PoS) consensus mechanism, which promotes energy efficiency and security in validating transactions and creating new blocks. This mechanism ensures that the network is secure and efficient.

Partnerships

Dent has partnered with several prominent companies, including Samsung, G+D, Bunq, and Apple, to expand its services and improve the user experience. These partnerships have helped Dent to offer its services to a wider audience and to develop more comprehensive solutions for the mobile data market.

User Interface

Dent offers a user-friendly interface through its mobile applications and web portal, allowing users to place orders, review order books, and access trading information like price history and quote feeds. The platform also includes elements such as a repository of instruments, order management, order execution, portfolio management, market maker algorithms, and pricing data.

Benefits

The Dent ecosystem offers several benefits, including:

  • Accessibility: Dent improves accessibility to internet services for the global population by enabling the trading of mobile data at affordable prices.
  • Flexibility: The platform provides more flexible and efficient solutions for mobile data management.
  • User Control: Dent gives users greater control over how they use their excess mobile data.

Overall, Dent (DENT) is a blockchain-based cryptocurrency that has the potential to revolutionize the mobile data market by providing a decentralized, user-centric platform for trading mobile data and airtime.

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Dent's strengths

The strengths of the Dent (DENT) token lie in its robust ecosystem and the significant impact it has made in the global mobile data market. Here are some key points that highlight its strengths:

  • Real-World Product and Use Cases: Dent has achieved massive success with over 26 million users across 40+ countries, demonstrating its real-world product and use cases. This is a significant advantage compared to many other crypto projects that lack practical applications.

  • Decentralized Mobile Data Marketplace: Dent offers a decentralized and blockchain-based approach to handling and managing mobile data, turning it into a tradable commodity. This innovative approach has the potential to disrupt the traditional mobile data market.

  • Strong Partnerships: Dent has established partnerships with prominent companies like Samsung, Apple, and G+D, which adds credibility and stability to the project. These partnerships have enabled the integration of eSIM capabilities and other services, further expanding Dent's reach.

  • Tokenomics and Supply: The maximum supply of DENT tokens is 100 billion, with a current circulating supply of over 98 billion. This large supply and the token's availability on multiple exchanges, including Kraken and KuCoin, make it accessible to a wide range of investors.

  • Security and Staking: Dent uses Substrate, a modular framework, to create a secure ecosystem. Additionally, the transition to Proof of Stake (PoS) consensus mechanism will make the network more energy-efficient and cost-effective. Users can stake DENTX tokens to earn rewards, which adds an incentive for participation and network security.

  • Global Reach and Accessibility: Dent aims to provide affordable and accessible mobile data services globally. Its products, such as DENT eSIM and DENT Voice, are designed to make mobile data more accessible and affordable for users worldwide.

These strengths demonstrate Dent's potential to continue disrupting the mobile data market and provide a promising investment opportunity.

Dent's risks

Dent (DENT), a peer-to-peer digital currency powered by Blockchain technology, faces various financial risks. These risks can be categorized into several key areas:

Market Risk

Market risk refers to the possibility of loss due to fluctuations in market prices. As a cryptocurrency, DENT is exposed to market volatility, which can lead to significant changes in its value.

Credit Risk

Credit risk is the possibility that a borrower will default on a loan. In the context of DENT, this risk is relevant if the cryptocurrency is used as collateral or if investors lend DENT to other parties.

Liquidity Risk

Liquidity risk is the risk of not being able to sell securities or assets quickly enough to cut losses. As a digital currency, DENT's liquidity can be affected by market conditions and trading volumes.

Operational Risk

Operational risk is the risk of failure due to internal factors, such as poor management or flawed financial reasoning. This risk is relevant for DENT as it relies on the integrity and security of its Blockchain technology.

Legal Risk

Legal risk is the risk of financial loss due to legal disputes or regulatory actions. As a cryptocurrency, DENT is subject to evolving regulatory environments and legal challenges.

Cyber Risk

Cyber risk is the risk of loss due to cyber threats, data breaches, or other electronic risks. As a digital currency, DENT is vulnerable to cyber attacks and data breaches.

Regulatory Compliance Risk

Regulatory compliance risk is the risk of financial loss due to non-compliance with regulatory requirements. DENT must comply with various regulatory frameworks, and failure to do so can result in fines and penalties.

Systemic Risk

Systemic risk is the risk of a broader financial crisis affecting the entire financial system. As a cryptocurrency, DENT is part of a larger financial ecosystem and can be impacted by systemic risks.

Credit Default Risk

Credit default risk is the risk that a borrower will default on a loan. This risk is relevant if DENT is used as collateral or if investors lend DENT to other parties.

Counterparty Risk

Counterparty risk is the risk that the other party in a transaction will default on their obligations. This risk is relevant for DENT in transactions involving other parties.

Reputation Risk

Reputation risk is the risk of financial loss due to damage to a company's reputation. DENT's reputation can be impacted by various factors, including security breaches, regulatory issues, or negative publicity.

Business Continuity Risk

Business continuity risk is the risk that a company will be unable to continue operating due to various disruptions. DENT, as a digital currency, relies on the continuous operation of its Blockchain technology and supporting infrastructure.

Fiduciary Risk

Fiduciary risk is the risk that fiduciaries will breach their responsibilities in managing employee benefit plans. This risk is relevant if DENT is used in employee benefit programs or other fiduciary arrangements.

Environmental Risk

Environmental risk is the risk of financial loss due to environmental factors. While not directly applicable to DENT, environmental risks can impact the broader financial system and, in turn, affect the cryptocurrency.

Systematic vs. Unsystematic Risk

DENT's financial risks can be categorized as unsystematic risks, which are specific to the company and its operations. Effective risk management strategies can help mitigate these risks and ensure long-term success.

Tools to Manage Financial Risks

To manage these financial risks, investors, businesses, and governments can use various tools, including fundamental analysis, technical analysis, and quantitative analysis. Additionally, strategies such as holding insurance, diversifying investments, maintaining emergency funds, and generating multiple income streams can help mitigate financial risks.

The Importance of Financial Risk Management

Understanding, measuring, and managing financial risks is crucial for the long-term success of any organization, including DENT. Effective financial risk management can help companies accomplish their financial objectives and yield better returns.

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Dent's ecosystem

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Dent’s team

  • CEO: Thomas Dingler, with a strong background in cutting-edge technologies and a pioneer of App technology, leads the company in transforming mobile data services with eSIM and blockchain.
  • CTO: Henrik Erkkonen, with over a decade of experience delivering impactful technology solutions and leading distributed development teams, drives DENT's technical strategy.
  • Co-Founder: Tero Katajainen, originating from Finland, has co-founded several internet startups in his 20-year career and is the mastermind of all tech at DENT.
  • Co-Founder: Andee Vollmer, with over 18 years of experience in the mobile app space, leads the business development and product strategy.
  • Co-Founder: Mikko Linnamäki, an accomplished internet pioneer and serial entrepreneur since 1994, founded successful businesses like DOVECOT Oy, the company behind the world's most widely-used IMAP Server.
  • Telco Architect: Axel Meiling, with over 20 years of industry experience, is an expert in Telco, eSIM, and IoT.

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