What Is Dent (DENT)?
DENT is the native token of the Dent platform, which is a digital mobile data operator. It provides users with all the things that traditional mobile operators do, including mobile data plans, eSIM cards, and so on. Check out the Dent price chart above to see historical data and the current DENT price.
However, Dent is unique because it integrates blockchain technology into the mobile data industry. It brings in globally accessible mobile data and airtime in addition to much smaller pricing compared to traditional mobile operators.
Dent achieves that by removing roaming fees and providing users with international mobile plans. Besides, it transforms mobile data into an asset that can be traded with other users.
Dent employs the Proof-of-Stake consensus algorithm. How does it work? In essence, users have to stake DENT tokens in order to become node validators that approve and create new blocks. For doing that, they receive staking rewards.
The aforementioned eSIM is a digital SIM card that can be downloaded on an iPhone. It allows users to access internet connections in around 60 countries.
You can travel without paying roaming fees or switching SIM cards, thanks to the worldwide data provided by Dent. Additionally, since you pay for GB as you use it, there is no commitment. Besides, the unused data stays valid for one year, which is not the case with traditional mobile data services.
However, apart from eSIM cards, Dent also offers such features as:
- DENT Mobile App. It gives users access to other DENT services such as Gigastore, Swap, and Exchange. Also, users of the Dent app have the opportunity to earn free DENT tokens. For starters, you immediately receive DENT tokens after registering into the app.
- DENT Teams. It allows free mobile data sharing across many devices or with other individuals. All you need to do is purchase data on a single device and share it with others.
- DENT Gigastore. It allows users to buy eSIM mobile data packages.
- DENT Swap. It allows DENT holders to swap their tokens for other crypto assets and vice versa. Besides, users can earn fees by providing liquidity to the DENT Swap liquidity pools.
- DENT Exchange. It allows users to buy and sell mobile data to other users across 60 countries.
The Founders of Dent
Tero Katajainen, Andreas Vollmer, and Mikko Linnamäki are the founders of Dent Wireless, which is the company behind the Dent platform.
Tero Katajainen is the initial founder of Dent (others joined a bit later). Katajainen became a Java programmer right after he graduated from university in 1999. In fact, in 2015, he was a senior Java/Android consultant for the United Nations. Prior to working on the Dent Wireless project, he also founded Pocket Indian Software Solutions.
Mikko Linnamäki is a businessnam and an entrepreneur. In 1995, Mikko introduced his first Internet Software products through his German business. Since then, he has established and sold a number of telecommunications and internet companies.
Andreas Vollmer is a mobile specialist. Before joining the Dent team, he worked at TDSoftware. Besides, he co-founded various companies, including NiftyMarket, OpenTeam, and so on.
The Purpose of DENT Tokens
DENT is stored on the Ethereum blockchain as an ERC-20 token. In essence, DENT tokens serve as a global payment system for telecoms and the general public to exchange mobile data. They can be used to purchase eSim voice minutes or data. Overall, DENT tokens can be used to pay for any kind of service or operation on the Dent platform. Besides that, DENT tokens can be staked since, as mentioned before, Dent utilizes the PoS consensus mechanism. Staking rewards are also paid out in DENT tokens.
If you plan to buy Dent coins, note that the DENT price is subject to change. This happens because, similarly to the pricing of other digital assets, the volatility of the overall crypto market has an effect on the DENT coins.
Tokenomics of DENT Tokens
The maximum supply of DENT tokens is 100 billion, meaning no new tokens will ever be created. Given these deflationary measures, the DENT price is likely to increase in the long term.
Dent was officially launched in 2017, following an initial coin offering (ICO). During the ICO, the Dent price was $0.0005 per token. 70% of the token supply was dedicated to the DENT pre-sale and sale events. Any unsold tokens were locked up and distributed every three months after that. The remaining portion of the supply was dedicated to user incentives, bonuses, strategic acquisitions, and market seeding.
In the earliest days, the Dent price was under a cent. However, it experienced exponential growth in January 2018, when its value went up to $0.11. Following a period of high volatility, it fell back down to the same range it was at during its launch.
Dent has shown a tendency to follow the general crypto market trends. The DENT price often increases or decreases based on the bullish or bearish market sentiment that bigger cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) experience.
