DENT is an Ethereum-based ERC-20 token which is also part of the DENTNet blockchain. The DENT token is used for buying and selling data on the Dent platform and for payment of services. The DENT token is also used to reward users and unlock app features in the ecosystem. The DENT token is listed on several exchanges. The token can be traded against Bitcoin on the Dent exchange for profits or staked in liquidity pools. The underlying Dent ecosystem allows the DENT token to be swapped for other cryptocurrencies and vice-versa safely by utilizing the Proof-of-Stake consensus protocol offered by the Ethereum network.
A Bit About Dent
The DENT token is used primarily on the Dent platform to revolutionize mobile communications and data services. The token was launched in 2017 by Tero Katajainen, Mikko Linnamaki, and Andreas Vollmer with its base in Hong Kong. DENT token has a maximum supply of 100 Billion tokens. 30% of the total token supply is set aside for strategic acquisitions, market seeding, user incentives, salaries, and bonuses. The token facilitates all transactions in the Dent Marketplace, which allows tokenizing Telco assets and trading of mobile data packages, voice minutes, and more. The token functions under the Proof-of-Stake consensus algorithm that allows for massive scalability of its usage while running on low electrical and computing power. The DENT token allows users worldwide to buy eSIM data in the Dent app or the Dent Gigastore. While enjoying a roaming-free experience, Dent users can execute international data transfers using the mobile app, by donating excess data as DENT. Users can also trade DENT and Bitcoin on the Dent Exchange. The trading service is currently available in 43 countries around the world.
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The DENT token acts as the power mechanism for the Dent ecosystem. The token can be purchased on exchanges or earned on the Dent platform. Users primarily access the Dent platform through the mobile app, available for both Android and iOS users. The Earn tab in the DENT App allows users to earn and collect daily rewards to be spent on voice minutes or eSIM data. Users further earn DENTs through the Offer Wall where they get rewarded for watching instant videos or participating in mini-games. Referrals allow both the referee and referred users to get extra free DENTs upon successful registration. Users also earn DENTs when they answer online surveys and polls posted on the Dent platform. Large orders on the DENT Gigastore get Bulk Discounts in form of DENTs. Using DENT tokens, the Dent eSIM Marketplace permits users to purchase, trade, and donate DENT eSIM data at competitive prices in the open market while enjoying safe and legitimate transactions.
Utility of Dent?
DENT is an Ethereum-based ERC-20 token powering the Dent ecosystem. It operates under the proof-of-Stake consensus that relies on major stakeholders to become nodes and transaction validators. This guarantees DENT users fast, secure, and low-cost transactions.
DENT tokens are used to buy, sell, and donate mobile data packages and voice minutes. The tokens facilitate quick international data transfers through the donation of excess data. All services on the DENT ecosystem, including incentives, salaries, and bonuses are paid using the DENT token. Rewards earned by users on the DENT App, such as Daily Rewards, Offer Wall, Referrals, and surveys are all redeemed as DENTs. The token also serves as a tool for unlocking features in the Dent ecosystem and as a user acquisition incentive in the advertising space.
The exchange allows users to invest by trading DENT and BTC. Trading on the exchange is currently available for 43 countries, including African countries like South Africa, Kenya, and Uganda. Users can also profit from DENT through Dent Teams by reselling mobile data volume to other users.
Users can swap DENTS for other cryptos by simply linking their external wallet to Dent Swap through the integration of UNISWAP V3 technology on the Dent App platform. Users can also earn fees by contributing to liquidity pools.
Dent Price detailsETH Contract address: 0x3597bfd533a99c9aa083587b074434e61eb0a258
›› Details & Tokenomics
›› DENT tokenomics and social media
Advantages of Dent+ The limited supply of the token provides an opportunity for leveraging.
+ Users incur low gas fees with DENT.
+ Enjoy fast and secure transactions enabled by the Ethereum network.
+ Earn rewards by staking the token.
+ Get more DENT by playing games and referring friends.
Disadvantages- Risk of impermanent loss through liquidity pools.
- Difficulties in scaling transactions to mass market speeds.
- Uncertainties regarding regulations affecting cryptocurrencies.
- Risk of reliance on the Ethereum network.
- The DENT token is susceptible to price volatility.
Costs▪ Rated at 10/10
DENT charges 0.1%. fee for all transactions. Users may also incur varying fees when trading on various exchanges. It is essential to be familiar with these costs when trading.
Reputation and Buzz▪ Reputation rated at 8.5/10
▪ Buzz rated at 8/10
The DENT token, since its launch, has generated buzz, particularly with the eSIM innovation and the need to globalize mobile data. The token is currently experiencing a bearish run due to the recent turbulence in the cryptocurrency sector. Recent trends and innovations in communication technology have the potential to stimulate mass adoption of DENT as a means of global data transfer. Though, with the ongoing skepticism on the volatility of digital currencies, this will take a longer time to materialize.
Which network facilitates Dent (DENT) operations?
DENT is an Ethereum-based ERC-20 token.
Can the DENT token be purchased on regular exchanges?
Apart from the DENT exchange, the DENT token can be purchased on several major exchanges like Binance and KuCoin.
Who are the founders of Dent (DENT)?
Tero Katajainen, the current CEO, Mikko Linnamaki, and Andreas Vollmer co-founded Dent.
History of Dent
July 2017 - Dent partners with Aquto to bring a Decentralized Global Mobile Data Exchange to 500 million people.
February 2018 - Dent Wireless releases the Android version of their highly-rated Mobile Data App.
2021 - Release of Dent Token kickbacks for users utilizing mobile Data on DENT eSIM.
2022 - Enable DENT withdrawals from Dent App with KYC.