DENT Coin: Making a Dent in the Mobile Data Industry

Whether you’re traveling for business or pleasure, you understandably need to stay fully connected while you’re enjoying all that the world offers. Until recently, exorbitant roaming fees have made this difficult for some people to do. DENT Wireless LTD is a mobile wireless platform that offers digital and global services to its many customers. From supporting voice calls and meeting mobile data needs to maintaining a cryptocurrency exchange and more, DENT takes a big leap forward in the mobile wireless industry.

What Is DENT?

DENT is a mobile data service provider that operates through a blockchain-based, decentralized platform. It enables its users to buy, sell and donate services, which puts users in the driver’s seat.

DENT has established a peer-to-peer (P2P) marketplace that’s accessible to individuals and telecommunications providers. This mobile data marketplace, which uses the Ethereum blockchain, connects its users to great deals and allows them to find lower prices on the mobile data packages and mobile services they need, including data plans, roaming voice calls, eSIM service and more. 

The result is a more cost-effective approach for smartphone users to stay connected, regardless of where their paths may lead. The DENT token is the native cryptocurrency that’s used in DENT’s blockchain-based, secure marketplace. These tokens support all of DENT’s mobile data transactions, and are accessible via various exchanges, including Bybit.

History of DENT

DENT was originally established to liberate the mobile data industry in 2014 by making the cost of mobile data services more widely affordable and accessible. The company, which is more formally known as DENT Wireless LTD, is the brainchild of Tero Katajainen. He initially created an automated forex trading system which now serves as the basis of the DENT Marketplace. By 2017, Mikko Linnamäki and Andee Vollmer had joined the DENT team as co-founders. The trio worked together to refine their global exchange and launch it for the benefit of DENT users around the globe.

Tero Katajainen, who hails from Finland, spent more than two decades in the internet startup space prior to working on the DENT project. He is a pioneer in consumer-based direct mobile payment operations. Mikko Linnamäki, who is also Finnish, was involved in the development of Dovecot Oy, an IMAP server that now serves 2.5 billion people. Andee Vollmer, who’s from Germany, has 12 years of mobile application development experience. His development expertise has benefited GLS, Deutsche Post, Audi and Mercedes-Benz. In addition his mastery of mobile CRM systems allows him to promote growth through strong user behavior analysis.

What Does DENT Aim to Achieve?

The Ethereum blockchain has already had positive effects on industries such as manufacturing, banking and more. The DENT ecosystem strives to utilize these benefits for the mobile and voice data industry by essentially removing the middleman from the equation. The DENT Exchange supports lower costs and greater transparency, and allows users to directly control their mobile and voice data.

The co-founders of the DENT Wireless platform view mobile and voice data access as necessities almost on par with electricity and hot water. It’s a modern need, one that drives many aspects of personal and professional lives today. However, many people don’t have data access, or that access is too expensive to attain. The DENT Exchange provides a peer-to-peer platform for users to buy, sell or donate mobile data packages. This data sharing economy eliminates the problem of expensive data plans, unused data and other issues for users around the world. The DENT platform enables data to be exchanged just as easily as other global commodities are.

Although the mobile voice and data market continues to grow rapidly, inefficiencies that have been in place from the start continue to be problematic for many users. The DENT marketplace is a cryptocurrency-based exchange that uses DENT tokens, supporting secure transactions with other users no matter where they’re located geographically.

How Does DENT Work?

As an exchange platform that connects users with a variety of affordable mobile data plans to meet their specific needs, DENT's functionality depends on maintaining a large number of users. This large user base also makes their platform more beneficial for telecommunications companies to use. The DENT network is specifically designed as a decentralized sharing platform that uses Ethereum smart contacts, web applications, mobile applications and virtual operators. While its web platform is more intuitive, both mobile and web applications provide all DENT features to users.

The platform is designed to be user-friendly for individuals and telecommunications companies. Its complex system is governed by seven distinctive elements — the DENT Exchange parachain, instrument repository, order execution, market maker algorithms, portfolio management, pricing data and order management.

The network can support three types of peer-to-peer data packages transfers: Initial data offerings, user-to-user data exchanges and roaming-free services. The transactions and transfers completed through the marketplace use Ethereum contracts at the initiation of operators and users. Initial data offerings are available via telecommunications companies. To generate revenue, DENT Wireless charges a commission on these transactions.

Features of DENT

The DENT platform strives to be the complete mobile voice and data solution for its users. It works toward this goal by providing a wide range of well-developed services and features. From its fast connectivity with services available in areas around the world, to its four data plans and more, the DENT network covers all the bases to meet modern-day consumers’ many needs.

DENT eSIM

Currently, many mobile voice and data providers offer their services in a narrow area. They may also charge high international roaming fees, with data that expires within a few weeks. DENT eSIM is a different type of mobile data solution. The data remains valid for up to a full year, and internet connectivity is available in 61 countries on multiple continents. Users don’t need to sign a lengthy, binding contract. They also won’t be charged roaming fees or need to change out SIM cards based on where they travel.

DENT Gigastore

The DENT Gigastore is a resale platform that empowers users to make the most out of the many benefits offered by eSIM data plans. Through this ecosystem, users can build apps using an SDK to resell DENT Wireless services. This is easy to do with a free point-of-sale store, which doesn’t require API integration. The platform also offers the option to incorporate the Gigastore API into an existing app or website.

DENT Swap

DENT Swap is one of the newer features available via this platform. It supports cryptocurrency exchanges between DENT and other types of tokens, and enables users to contribute their tokens to a pool. As others purchase their DENT tokens from the pool, those who have contributed to the pool earn a small fee. DENT Swap is available through an external wallet to support easy, secure transactions. This feature is integrated with Uniswap v3, and doesn’t involve a KYC process. Users in all countries can take advantage of DENT Swap’s features.

DENT Exchange

The DENT Exchange allows users in more than 60 countries to exchange DENT tokens for BTC with ease. The DENT Exchange is secure and user-friendly, and can be accessed on both the DENT mobile app and the web platform. This unique feature adds to the functionality of DENT tokens (for instance, by supporting purchases in the Gigastore and more). The platform features automatic trades, order and portfolio management, pricing data and order execution capabilities.

DENT Voice

DENT Voice enables users to make direct calls to landlines and mobile numbers around the world. Unlike other no-roaming-fee solutions, DENT Voice doesn’t require the other person on the call to use the same app. In addition, the person who’s receiving the call sees the user’s name and regular phone number on their caller ID. This service is available without a monthly subscription through the mobile app; users simply pay for the service as they go.

DENT Marketplace

The DENT Marketplace is available for users with both Android and iOS mobile devices. It’s a direct trading platform that allows users to sell and buy mobile eSIM data. With a variety of packages and plans usually available from others throughout the world, and with many buyers who are interested in finding plans, the DENT Marketplace makes it easy for users to get the most out of eSIM data.

DENT Earn

DENT Earn is a special feature that’s available through the mobile app. It enables users to earn tokens via paid sponsors. Users can choose from a variety of sponsor-related activities to earn tokens. These tokens can then be used within the platform for eSIM data plans or voice minutes. Activities include completing daily reward tasks, watching videos and playing embedded games. Users can also earn additional tokens by inviting friends to use the platform.

Pros of Using DENT

The DENT network has been designed from the ground up to provide improved experiences for users. It boasts an extensive range of features that make data usage more functional and affordable — which places those users in control of their data usage, just as they would be in control of other valuable commodities in their lives. Specifically, the DENT Wireless data solution offers several exciting benefits. 

Let’s look at some of the most notable of these benefits.

Affordability

DENT Wireless services are far more affordable than traditional wireless services. One reason for this is that users can pay for voice calls as they go. They don’t need to purchase a full plan and lose minutes that don’t carry over, or that are unneeded. In addition, users can purchase data through the DENT Marketplace at an affordable price from other users who no longer need the data. More than that, users can earn tokens in several different ways to help cover the cost. For example, they can play built-in games or make referrals to earn tokens.

User-Friendly Platforms for All Needs

DENT’s services and features are available through both a mobile and a web app. Both of these platforms offer a user-friendly experience. More than that, the features and services offered can be accessed and used in dozens of countries around the world.

Voice Calls Made Through the App

Many digital calling services require both the caller and the receiver to use a special app. The caller is assigned a new phone number specifically for use within the app. With DENT, however, the caller completes the action through the app using their own phone number — and the recipient of the call doesn’t need to download an app.

Cons of Using DENT

While DENT offers exceptional benefits for its many users, there are a few downsides to consider before you create an account and start using the platform.

Limited Service Area

DENT has a large service area that covers more than 60 countries around the world. This service area may expand in the future. While its current coverage area may meet most needs, there is the possibility that it may not be suitable for some potential users.

Time-Consuming to Earn Tokens

One of the great features of DENT is that users can earn tokens, and use them to pay for their data and voice calling needs. However, completing the daily reward tasks and playing the games take time, and may not be feasible for all users. Nonetheless, users can always purchase tokens and earn referrals relatively quickly to access DENT’s features and services.

DENT Road Map

In 2017, DENT’s three co-founders finalized the platform and launched the iOS app. A few months later, in 2018, the Android app was released. Getting to this initial step in the platform’s design involved organizing various mobile operators as partners and working with telecommunications providers.

By the end of 2018, the DENT Exchange was functional for its users. DENT’s popularity grew rapidly, and more than 7 million people were actively using the platform for their mobile data and voice calling needs by 2019. During this period, DENT’s team continued to develop partnerships and to expand to more markets. They also worked with governments and public bodies to address regulations and potential obstacles. The number of users has grown dramatically since that time, with the service now active in 61 countries. Looking forward, the team will continue to expand its service territory into more markets for the benefit of the platform’s many users.

DENT Tokenomics

In DENT Wireless’s July 2017 ICO, 8.6 billion tokens were sold. This provided the company with $4.3 million in working capital. There’s a maximum supply of 100 billion DENT tokens. An allocation of 70% of these is for sale to users of the platform. The remaining 30% of the tokens are available for acquisition, rewards, bonuses and wages.

Where to Buy DENT

As an expansive platform that serves dozens of countries around the world, DENT can conveniently be purchased through a number of exchanges. In addition, DENT is available on Bybit via perpetual contracts, and the Bybit platform provides you with a user-friendly interface. You can start by registering for an account here.

Once you’ve purchased DENT tokens, you can store them securely in any ERC-20 wallet or through the DENT app. Some wallets to consider are MetaMask, Ledger Nano S Plus and MyEtherWallet.

Is DENT a Good Investment?

The value of a DENT token is currently below $0.001. The token’s utility is centered on the services and features available through the DENT network. While there’s considerable functionality associated with the token, it may also be used as an investment. According to Cryptopolitan, the token’s value is expected to double by the end of 2023. By 2030, it’s projected to be as high as $0.033. These predictions are also supported by CryptoNewsZ and TechNewsLeader. With this in mind, both purchasing and earning tokens for a long-term hold could be a smart financial move.

The Future of DENT

DENT currently offers four data packages to meet most needs, and any unused portions of these packages can be purchased by others through the DENT Exchange. Both data and voice services are available to users in 61 countries across multiple continents. The platform’s developers continue to improve the services that it provides to its users. One aspect of this strategy involves breaking into new territories in the future. In addition, as the platform becomes increasingly popular, it may attract more telecoms and operators.

The Bottom Line

DENT Wireless’s services are transforming the mobile voice and data industry in profound ways. The platform has already increased access for many people through its expanded network and affordability. It offers exceptional utility to its current consumers, and its benefits are expected to grow as it moves forward.