DENT is the main cryptocurrency in Dent Exchange, where people can buy, sell or give away their excess mobile data to other users worldwide. This means that through the use of Dent Exchange, data plans will be cheaper than its current market price.
The company behind the DENT coin called DENT Wireless Limited, is a telecommunications company based in Hong Kong. The company’s goal is to liberate mobile data online by allowing people to buy, sell, and donate their data via the Ethereum blockchain. The DENT Coin holds a central place in that market, and it will become the common currency for the Dent Exchange data market the company wants to build.
DENT will usher in a new “data sharing economy” where users can freely buy, sell and donate their mobile data from one person to another. The DENT Exchange acts as a marketplace for mobile data trading similar to the stock market.
How does DENT work?
The DENT token acts as a digital commodity, providing access to the mobile platform for telecom carriers worldwide. Since the DENT token is built on the Ethereum blockchain that belongs to the ERC20 token, where smart contract functionality is an important mechanism for DENT users to buy, sell and trade their data.
The main components of DENT include:
Data market: Users can use DENT tokens to buy and sell data in the international market.
Exchange data: Although the DENT token is already listed on Binance, DENT still has plans to launch its own exchange. That will increase the liquidity of the DENT token.
Mobile apps on iOS and Android: Mobile apps act as a central interface for users to buy, sell, exchange, or donate mobile data plans. Users are encouraged to trade mobile data through the mobile app.
Community building: During this period, users need to own the DENT token to be able to participate in the community, contribute in data release and change the way telecom companies are handling mobile data.
DENT was founded in 2014 by Tero Katajainen as founder and CEO along with a team of entrepreneurs, software architects and experts in many fields, creating a FOREX trading platform with structures into AI to analyze market behavior. Prominent members of the project include:
Tero Katajainen – CEO and founder of DENT. He holds a Master of Science degree in Electrical Engineering from the University of Tampere, Finland. Furthermore, he has extensive knowledge of the FOREX trading system. Besides, Tero is also one of the pioneers to deploy mobile payments for consumer applications. An expert for transaction systems and blockchain, Tero is the true leader of all technologies at DENT.
Mikko Linnamäki – Co-founder of DENT Wireless. He is the founder of DOVECOT Oy, the company behind DOVECOT, which is the most popular IMAP server company with a 72% worldwide market share. An estimated 2.5 billion users store their email in Dovecot every day. Mikko recently received a patent for her invention.
Andee Vollmer – Co-founder, Andee is a mobile expert with 12 years of experience developing mobile applications, from Symbian (2005) to today’s iOS and Android. Andee is the co-founder of the German mobile application development company TDSoftware, which develops applications for corporations such as Mercedes-Benz, Audi, Deutsche Post, GLS and others. Andee is also an expert in mobile CRM systems and will deploy the latest tools to analyze user behavior to accelerate user growth.
DENT was born with the aim of combining two important concepts:
One is to turn mobile data into a tradable commodity, and the other is to create a free global mobile data market.
In addition, DENT is also implementing a service using the Voice over IP protocol- VoIP (Voice over IP protocol) trading exclusively for DENT tokens (to increase liquidity).
As you can see, thanks to the advent of DENT, wasted mobile data can now be encrypted, bought, sold, given away and even transacted across borders.
You can see DENT prices here.
According to AZCoin News
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