What is Dent?
DENT Wireless is a Hong Kong-based digital and global mobile operator that utilizes blockchain technology to create a global marketplace for mobile data liberalization. The organization's goal is to allow worldwide access to mobile data using e-SIM technology, which is a SIM card that is embedded in a mobile device and can connect you to any operator offering e-SIM services. To achieve this, DENT has developed a global exchange platform that facilitates three major actions: liberation of mobile data, disruption of international roaming, and facilitation of mobile data purchase.
The liberation of mobile data feature allows users to donate, trade, or exchange their data with another user, creating a data-sharing economy. The disruption of international roaming feature eliminates expensive data roaming costs, such as routing between telecommunication companies, which allows users to enjoy uninterrupted internet services while putting the payload on the home telecommunication company of the users. The facilitation of mobile data purchase feature enables automated purchase capability of data packages for consumers and IoT devices like smartphones, smart refrigerators, etc. thus, allowing users to get the best prices from different operators in a region.
To support this structure of data liberalization and facilitate the smooth functioning of the global exchange platform, DENT launched its cryptocurrency, the DENT token. The DENT token is the worldwide currency for the DENT platform and functions using a smart contract on the Ethereum blockchain. The token serves as the powerhouse for the platform and facilitates many different operations for the users on the platform such as trading data across the DENT exchange, allowing users to participate in the DENT community and use collective power to demand data liberation and changes in the way telecommunication companies do business with mobile data, and incentivizing users who download the DENT mobile application to trade and donate mobile data.
The DENT token can be acquired from different marketplaces and is used to facilitate a smooth working environment for the users on the DENT exchange. It also provides opportunities for telecommunication companies to reach out to a global audience in a transparent environment, thus allowing them to benefit from the platform. DENT Wireless was founded in 2014 by CEO Tero Katajainen, along with Mikko Linnamäki and Andreas Vollmer, with the journey towards developing DENT products and services starting in 2017. The organization launched its token DENT for public sale on July 12, 2017, with a maximum total supply of 100,000,000,000 DENT, of which only 70% was allocated for crowd sale, while 30% was kept as reserve to carry out the operations of the organization. DENT also aims to help the developing world by providing access to mobile data through strategic partnerships with operators enabling access in rural areas.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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