DENT Wiki ▷ What can the coin do? Cryptocurrency & more!
In our Dent Coin Review you will learn how the Dent crypto project is shaking the mobile data market, how the coin works and how likely it is that the coin will be successful with its innovative venture. As always, we advise against BC1 They exercise caution when investing in a cryptocurrency and encourage them to do your own research.
What is the Dent Coin?
Dent Coin's goal is to completely disrupt the mobile data market by reducing costs and improving accessibility. There is no doubt that most of us rely on mobile data to direct our daily lives. Indeed, most of us consider mobile data access so important that many consider it a fundamental need.
However, even in developed countries, mobile data usage is extraordinarily expensive. In developing countries, high mobile data costs make this indispensable service too expensive. This price exclusion is the main reason that less than half of the world's population uses mobile data.
How will that Dent cryptocurrency project achieve this innovative goal? There are three aspects of the cellular business that the project is focused on:
- Decentralized "data market": The DentKrypto project creates a marketplace for mobile users where they can buy, sell or donate their decentralized mobile data. Everyone can use this exchange and it is open to every country in the world.
- Central contact point for purchasing mobile data: Dent enables users to purchase mobile data packages in a fully automated process. The beauty of the platform is that users always get the best price and the best operators for their location. Cellular operators can also connect to the platform to serve their customers around the world.
- International roaming charges are minimized: There is nothing more frustrating than going on vacation and returning home with a massive cellular data bill. Costs are exceptionally high due to the centralized system of the telephone companies.
How does the use of the mobile internet work abroad?
To understand how the Dent platform works, we need to explain how international data roaming actually works and how the project aims to reduce costs.
Let's say you are a UK citizen and travel to Australia. You land and want to check your email. A chain of events will be triggered in the background to open your inbox.
· Your phone is connected to a local Australian telephone network known as the "visited network".
The operator visited then sends your Internet traffic to your home telephone network using international data transmission services.
Your home network in the UK will then connect you to the Internet and forward the data to your mobile device in Australia.
You can then check your emails in Australia.
You can now see how inefficient the international roaming process is. Four different data connections are required so that a mobile user abroad can access the Internet. Dent simplifies the process and offers the overseas operator the option to connect you directly to the internet. This means that the international transit services and the connection process to your home network can be bypassed.
This is not only more efficient, but also lowers the cost of international roaming charges.
What is the mobile data market like at the moment?
The market for mobile data is huge, with a study by ParksAssociates finding that cellular operator revenues are a whopping $ 386 billion a year. CISCO also conducted a study of the growth of mobile data and found that worldwide data usage is growing at an astonishing rate of 63% per year.
The most common way to buy a cell phone contract is to pay a fixed amount per month over a period of time. The contract sets a specific data limit each month, and unused data from one month is not carried over to the next. As a result, most people buy too much data not to expire in a given month.
The amount of unused mobile data in the world is likely to be well over 10%. However, even a 10% value results in a $ 3,86 billion loss in customer value per year. That's a lot of money and a lot of inefficiency.
The Dent cryptocurrency project is creating a blockchain-based marketplace for mobile users to sell this unused data, and other users or even telecommunications companies can turn to Dent to buy this free data capacity. This marketplace actually leads to the commercialization of mobile data and the market to set a global spot price for mobile data.
It should be noted that some cellular operators have implemented a data rollover that allows unused data from one month to be used in the next month. However, this is unusual and certainly an exception.
How does Dent Coin start a mobile data revolution?
The Dent crypto project brings together mobile users with billions of dollars in purchasing power. This means that the Dent community has a significant impact on telecommunications companies.
The average value of a mobile phone customer is € 460. No company wants to lose hundreds of thousands of such customers.
The key to the Dent cryptocurrency project lies in its collective bargaining power and the creation of a large community. Rationally speaking, telecommunications companies should be open to listening to this collective bargaining power. After all, tens or hundreds of millions of dollars in revenue are at stake for them.
How does the Dent Coinalso want to grow? User acquisition is critical and the team has reserved a significant number of coins for use in their "Refer a Friend" program. An extremely important element is working with mobile network providers to enable peer-to-peer data transmission and to offer mobile packages.
The next step is to create a kind of mobile operator alliance that enables the transfer of mobile data packets across different networks. It should also be noted that there is the possibility for mobile network operators to buy data for their customers on the Dent platform and thus to serve their customers.
The Dent cryptocurrency project is also about charity and politics. The platform is intended to offer mobile users the opportunity to donate their free mobile data. The project starts the "Gigabyte for Africa" initiative. The idea is simple: unused mobile data can be passed directly to those who cannot afford mobile access.
It is hoped that improved Internet access for rural African communities will promote development in these areas. At the moment, these communities are excluded from both global development and knowledge. Mobile internet access is just one component that should enable these communities to build better lives.
Such a data donation naturally only makes sense if there are suitable cell phone providers in developing countries. That's why Dent is working with cellular operators to cover the rural African communities. It is hoped that Gigabytes for Africa can provide the much needed infrastructure to foster inclusive development and entrepreneurship in these areas.
At the political level, mobile data usage is a global issue. Businesses are global and people travel around the world on vacation. The project recognizes this and sees lobbying as an important way to promote real liberalization of the global mobile data markets. Organizations like the EU have managed to liberalize the use of data for EU citizens by eliminating roaming charges within the EU. The Dent crypto project aims to do a similar thing for the citizens of the world and fight for mobile data rights.
How is the Dent Coin used?
The Dent platform is a mobile data marketplace that uses the Ethereum blockchain. Trades on the platform are processed through Ethereum Smart Contracts and Dent Coins are used as “fuel” for the platform.
Dent Coins are used in several ways:
· Buy and sell mobile data on Dent's global marketplace.
· The acceptance of the platform is promoted. Users can refer their friends to the platform and earn Dent Coins for it.
The coin can be bought and sold on cryptocurrency exchanges.
Dent is used to encourage telecommunications companies to participate in the platform.
The team consists of five full-time members and three consultants. It's a pretty slim team. Together, however, they have a wealth of experience in the areas of entrepreneurship, Ethereum SmartContracts, payment systems and apps.
In this Dent CoinReview we only focus on the founders of the project.
Tero Katajainen - CEO & Founder
Tero is a Finland born entrepreneur and has co-founded several online startups over the past twenty years. He also has amazing knowledge of Forex trading systems and was one of the pioneers in integrating mobile payment systems with apps for the first time. Tero has a deep understanding of blockchain and he is the brain behind developing the DentKrypto project.
Mikko Linnamäki - Co-Founder
Mikko has been an online company since 1994. During his entrepreneurial career, he was a co-founder of Dovecot Oy, which supplied the world's most widely used IMAP server. 72% market share and over four million installations are certainly not to be overlooked.
Andreas Vollmer - co-founder
With 12 years of development experience, Andreas co-founded TDSoftware and developed apps for Mercedes-Benz, Audi and many other companies.
Andreas has a wealth of experience in the field of mobile customer relationship management systems. He likes to use this data to optimize apps and to check user behavior so that everything works optimally.
The future of the Dent cryptocurrency
There are many reasons to get excited about the Dent crypto project. The team successfully determined that there is no second hand market for mobile data. There are major inefficiencies in cross-border mobile data transmission and the telephone companies lack operator agreements with one another. The result is expensive international roaming charges. The Dent project has already got off to a promising start and is offering data deals with around 20 different operators in their app.
In principle, Dent Coineine is a good idea. However, the entire project relies on getting more telecommunications companies on board. This crypto project is about whether enough mobile network operators are involved and agree to make the mobile network market more efficient. Otherwise, the project will likely fail.
Unfortunately, there are many places that are dominated by a single operator so they may not have the same incentive to work with Dent.
However, the project has already partnered with data consolidation companies like U2opia, who already work with a wide variety of cellular operators, and these partnerships can help Dent get in touch with the operators.
On the consumer side, low-income mobile users from developed countries are the main market for this project. Globalization has led to high levels of cross-border economic migration from developing countries to more economically developed countries. However, these job opportunities are characterized by low income. There is no doubt that Dent would be popular with this customer base.
Would you like to try the Dent app yourself?
Dent has already released its mobile app for Android and iOS and you can still buy mobile data packages today.
Mobile network operators who are already working with Dent and providing data:
· Maroc Telecom
· Claro & more
You can find out which countries are supported here.
The Dent Coin ICO
The Dent ICO took place on July 26, 2017 and raised $ 4,3 million. 100 billion Dent coins have been created and 70% of them were sold at the ICO. Now what about the remaining 30%? The team put these aside to pay for incentives from telecommunications companies, attract new users to the platform, and pay salaries. One billion tokens are also earmarked for the UN Sustainable Development Goals program.
Should I Invest in Dent Coin?
The project aims to develop a market worth $ 386 billion per year.
· There are currently no established second-hand data marketplaces.
· There are enormous inefficiencies in the international roaming markets & Dent has a solution to address them.
Cheaper mobile data will be popular with consumers.
· Dent already has a working product and works with around 20 telecommunications operators.
· The mobile data market is growing rapidly.
· If successful, Dent could become a decentralized unit that holds mobile operators together. It can not only serve everyday life, but also the mobile network operators, who can buy data on the platform themselves. This would result in the project being carried out on a truly amazing scale.
· Charitable initiatives like Gigabytes for Africa can make the world a better place.
· The project is at the mercy of the mobile operator.
The platform is not yet widely used and not widely used.
· There are other crypto competitors like Telcoin.
Support for cellular operators is currently only available in 14 countries.
How can I buy Dent cryptocurrency?
You can buy Dent Coins directly through the Dent App with PayPal or credit card. One disadvantage is that you cannot send Dent Coins to an exchange. Dent Coins purchased through the app are only intended for the purchase and sale of mobile data. If you just want to invest in the Dent crypto project, you need to use a cryptocurrency exchange.
We think Dent Coins have immense potential. Dent is trying to enter a huge market with no dominant market participants. Although the team is small, they are very experienced in their skills. In contrast to many other crypto projects, Dent already has a working product and partnerships with some very large wireless carriers. Of course we would like to have greater country coverage and more mobile network operators. However, we must not forget that such partnerships take time and that the project has already achieved many in a short time.
The Bitcoin-News.one Team is a big supporter of the Gigabytes for Africa initiative. We strongly believe that Internet access is beneficial for both economic growth and education.
Dent offers the opportunity to liberalize the mobile data market and organize the joint purchasing power of mobile data users around the world. The potential is certainly there. The only question that arises is whether the mobile phone companies want to support this revolution or not.
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