Dent Price Today, Chart, Market Cap & News

DENT is the utility token of the Dent network and is an ERC-20 token based on the Ethereum blockchain. It is the primary payment method on the network and is used to pay and get paid for mobile data services. The intrinsic and market value often doesn’t coincide as DENT price is subject to frequent changes and may experience dramatic spikes and dips within a short timeframe. DENT can be traded in the market of cryptocurrencies for a profit based on the difference between the buying and selling prices. Traditional mobile carriers often sell their mobile services at high prices, which makes mobile and data services highly inaccessible to a great number of people around the globe.

• Such an innovative vision has created a brand new, $4.8 billion market by adding much-needed flexibility regarding the mobile data usage and plans.
• The intrinsic value of Dent is derived from its technical capacity, technologies used to create the P2P market for mobile data services, use cases, and ultimately the size of its user base.
• However, experts differ greatly when it comes to precise DENT price predictions.
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Dent network is able to perform three types of transfers, which include P2P data package transfers for roaming-free service, user-to-user data exchanges, and Initial Data Offerings. IDOs are offered by telcos and Dent makes a commission by taking fees from handling IDOs. There has also been a move in mobile data to unbundle services, first from providers like Cricket. Now DENT is taking that to the next level by building a global marketplace for mobile data. DENT is an ERC-20 token powering the Dent Wireless ecosystem, which aims to create the market of mobile data, creating a global mobile and data network. The token is used as currency to pay for assets like mobile minutes and data packages within the network.

Ethereum Founder Vitalik Buterin Proposes Fix For High Gas Fees

He is a technical engineer who collaborated with Mikko Linnamaki, an entrepreneur and businessman, to create Dent in 2017. As an ERC-20 token, DENT can be stored in any wallet that supports Ethereum and the type of wallet you choose will likely depend on what you want to use it for and how much you need to store. Proof of Stake has proven to be more energy-efficient and cost-effective than traditional consensus mechanisms such as Proof of Work.

With DENT you’ll get the best price on data and buy only what you need. The Dent token will play a central part in the ecosystem to enable buying and selling of mobile data. Dent can perform well in the future given it is the sole altcoin focused on the telecom market. Another core feature of the project is Dent Exchange, which permits data to be traded globally. The platform uses blockchain technology to commoditise data and minutes, changing them into tradable assets.

Dent Team Analysis

Dent has the goal of changing the way mobile data services are offered, sold, and bought, using a combination of innovative technologies and blockchain. Benzinga crafted a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offerings, pricing and promotions, customer service, mobile app, user experience and benefits, and security. To see a comprehensive breakdown of our methodology, please visit see our Cryptocurrency Methodology page. Dent coins basically solves this by creating a worldwide mobile data marketplace on the blockchain. DENT Earn also rewards users for sharing their link with friends, receiving free DENT once they’ve signed up.

With DENT Teams, users can share their mobile data with multiple devices for free. This could be beneficial to friends and family, businesses, and mobile data resellers. Dent has a limited total supply, much like many other cryptocurrencies that use a capped supply as an anti-inflation mechanism.

What Is Dent?

The remaining 70% of the token supply was released during pre-sale and sale events, and any outstanding tokens were locked up and released quarterly after that. Dent coin can be purchased on “trusted” cryptocurrency exchanges such as Binance.

As of the same date, the circulating DENT supply is 99,007,791,203 units and the total DENT supply is 100,000,000,000. You have no mobile data left, and the next recharge is too far away?

Is Dent A Good Investment?

30% of tokens are distributed for salaries and user incentives. This guide will show you step-by-step instructions on how to buy the Hempcoin token as well as a list of exchanges you can trade it on. ZenGo is an innovative mobile crypto wallet that allows users to retain custody while offering easy access. Find an exchange to buy, sell and trade DENT by comparing deposit methods, supported fiat currencies and fees.

Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. If you want to know more about DENT, this page is a good place for you to start.

Dent Dent Search Trends

Start with Benzinga’s guide to learn more about the bitcoin and the blockchain ecosystem. Learn more about bitcoin and determine whether this cryptocurrency is the right investment for you. Since these investments are high risk, it’s not recommended to allocate a significant portion of your portfolio to small cryptocurrencies. If you believe in Dent, then holding a small portion of Dent tokens over the long term may show high returns. Since Uniswap’s transactions are completed on Ethereum’s blockchain, you’ll be required to pay Ethereum gas fees. Ethereum gas prices cost you anywhere from $5 to $50 per transaction, depending on demand for network space on Ethereum.

Dent network uses Substrate, a modular framework for building blockchain environments, to create a functional, fully operative, and secure ecosystem. Dent is hosted on the Ethereum network and Ethereum-based smart contracts, thus being secured by the blockchain. No part of the content that we provide constitutes buy dent coin financial advice on coin prices, legal advice, or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on them.

The Dent Token

In the past few months, Dent tokens have appreciated well over 1,000% in value, generating new interest among cryptocurrency investors. When we sum up all the factors, DENT really does look like a good investment. It’s a project with an important real-life use case, as the DENT mobile data service is already being used in over 60 countries around the world. This will eventually lead to an imbalance in favor of commercial interests. There has been some controversy regarding the distribution of tokens. The ICO had 70 billion tokens out of a total supply of 100 billion available for sale, but only 8.6 billion were sold. All the unsold tokens are being released to the team, which has some worried about centralization and the potential for telcos to acquire a large percentage of available tokens.

This secure anonymous application allows you to get real-time information of actual token sales, monitor addresses and follow other crypto investors. In this article, we’re going to dive deep into the DENT Wireless ecosystem. We’ll look at the services offered through DENT Network and explore the DENT Exchange. Moreover, we’ll explore potential reasons why the DENT token has seen a lot of growing popularity. Mobius – Integrating fast and free mobile payments into apps and businesses.

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins. Finder.com provides guides and information on a range of products and services.

Author: Tor Constantino