The Dent network is a decentralized system that uses the power of blockchain technology to create a globally recognized marketplace that provides liberalization services for mobile data. The developers of the network conceived the idea to design a system where individual participants are able to put up their mobile traffic for resale purposes such as calls and internet usage to other members of the network. This concept was designed after the Cisco network published data that pointed out that users of mobile devices in the world are responsible for $32 billion worth of traffic, an amount of which 15%, $4.8 billion is still currently unused.
According to its operation protocol, the system is aimed at becoming a mobile data exchange on a global scale where these resources are bought, sold, and donated similarly to other commodities in the world, such as how currencies are being traded on a grand scale presently. The system will also create a form of operation transparency in the world of data trading and will achieve this via an automated bidding system which will increase the overall efficiency of the process, same as the spot market or mobile advertisement today.
Who are the Founders of Dent (DENT)?
The Dent platform was established by a pair of experienced and well-read professionals in the world of information technology who goes by the name Tero Katajainen and Mikko Linnamäk.
Katajainen holds a master’s degree in sciences from the Tampere University of Technology in 1991. Upon completion of his studies, he landed his first job at the university as its system administrator and a java programmer. As of 2001, Katajainen moved on and became the CTO of Genetics AG, shortly before further starting a company, the Pocket Indian Software Solutions in 2003. In 2015, he became a senior Android/Java consultant for the United Nations. Now, he is generally considered a pioneer in blockchain and Information Technology. As such, he has won several honorary achievements and awards in the field.
The other half of the founding members of the Dent platform is Mikko Linnamäki. Ever since the early 2000s, Linnamäki has been a businessman and entrepreneur with several ventures. Before establishing the Dent network, he facilitated the founding of five businesses that have gained major success over the years. When asked to introduce himself, Linnamäki always tagged himself a “serial web-entrepreneur and Internet software pioneer.” and it’s safe to say that he is right. Besides DEVCOT, one of the largest open-source IMAP servers globally, Linnamäki also founded the Smartseed GmbH platform which is his longest successfully operating business that has been alive for over two decades.
What is Dent (DENT) used for?
The DENT token is a relatively new concept of blockchain technology application that disrupts the mobile data industry all over the globe. The mother company responsible for the creation of the token, DENT wireless limited, has the main objective of liberating mobile data through a process that involves allowing all interested parties to transact using data on the Ethereum blockchain. Currently, the dent platform is situated at the center of the market and serves the data market as currency on a universal scale.
According to the Dent team, the goal of its developers is to ensure that the mobile service industry can be positively influenced in such a way that better conditions are created for the system than what is currently available. This is because the value of mobile data has increased over time. As such, this has made it an important commodity that operated under the rules of demand and supply for all parts of the globe. Essentially, the Dent network only provides a bridge where this commodity as a whole can be assessed and made available to the world.
One other advantage of this bridge is that it has made the Dent token become a scarce commodity in the crypto world which can be exchanged with other token pairs such as MKR and DASH.
What Is the Unique Point of Dent (DENT)?
The Dent network is generally viewed as a revolutionary player in the mobile communication and data services market. Presently, almost half of the entire population on earth has restricted access to mobile services due to the excessively high prices of access offered by the traditional mobile carriers. The Dent network applies the power of blockchain technology in the revolutionization of this process and the resultant effect is the provision of a system that facilitates global access to mobile data and airtime services.
The protocol used by the Dent network completely eliminates the concept of mobile data being tied to the location by becoming a digital mobile operator on a global scale. The network also offers certain plans which suit the needs of the citizens of the world on a global scale by its removal of roaming fees and providing international mobile plans. On the Dent platform, all purchases made are through its dedicated token, DENT. This implies that all transactions on the network are being recorded on the blockchain, and as such, there is a protocol in place making it so that customers receive their purchases upon payment. This is unlike traditional mobile operators, hence it’s a plan to make these services available to any interested in the world.
How many Dent (DENT) coins are in circulation?
Based on the information available on the system’s whitepaper, the maximum supply of Dent is pegged at 100 billion tokens. Of that amount, the present amount of Dent tokens in circulation is 93,690,412,211 DENT tokens.
After the tokens were created, a total of 8.6 billion DENT tokens were sold at a fixed rate of $0.0005 for each token during the launch of its initial coin offering. Of all the tokens left, 30% have been assigned to the company to execute strategic acquisitions and for marketing seeding purposes. The leftover 70% of the token supply was released while the pre-sale and official sale events were underway. All other outstanding tokens were locked up and set for a quarterly release.
Is the Dent (DENT) Network secured?
The DENT token is an ERC-20 based token, and as such, the platform itself is operated and protected using a dedicated proof-of-stake consensus algorithm. Unlike the Bitcoin network which uses a proof of work system, the Dent network is completely reliant on participants who have become nodes to validate transactions.
The advantages of the proof of stake consensus mechanism are vast but the most prominent advantage is its offering of increased scalability while limiting the consumption of computing and electrical power. Bringing this into consideration, several other platforms are also looking to make use of the Ethereum blockchain to launch their products. Dent is one of the first generation of projects to facilitate the launch of an ERC-20 token.
How do I buy Dent (DENT)?
The Dent platform was created to provide an alternative to the traditional data and airtime service provision in the world. While doing this, the platform also incorporates incentive systems, as well as several other advantages which encourage the use of DENT tokens in the open market. The effect of this is that DENT tokens are largely available across several exchanges and can be easily purchased through the below procedure.
- Interested users will have to create an account with the crypto trading platform.
- Next, they will need to transfer an exact amount of fiat money to the crypto account.
- Then, wait till the transaction has been approved, they can now buy their DENT tokens.
Which Cryptocurrency Wallet Supports Dent (DENT)?
The PTPWallet platform brings about virtually all crypto-related solutions to the world of blockchain, and this is done via its inclusive technology that supports a series of cryptocurrency platforms which included the DENT wallet, among several others. The platform has also managed to maintain its position at the top of the food chain through its top-notch interactive user interface. This not only promotes the platform but also helps users navigate things more easily.