As a result, mobile internet has become an indispensable part of our daily life. Dent aims to become a leader in the mobile data space by making it easier for people to buy, sell and share data. This article will focus on what the Dent blockchain is, its ecosystem, and how it works.
What is Dent Blockchain?
DENT is a blockchain-based market that enables users to trade their mobile data in a simple way. The blockchain platform is the first of its kind and can make the telecommunications industry more efficient and less expensive.
DENT allows users to sell the extra mobile data they may have left at the end of a month to others through the use of an all-in-one application. In addition, the platform uses transparent pricing practices and automatic bidding modules to improve purchasing efficiency.
The Team Behind Dent Blockchain
Launched in 2017, Dent is a revolutionary digital wireless operator that offers eSIM cards, mobile data plans, talk time recharge, and no roaming experience.
Tero Katajainen is the founder and CEO of DENT Wireless. He earned a Master of Science degree from the Tampere University of Technology in 1999, and after graduation, became the university’s systems administrator and Java programmer. In 2001 Katajainen became CTO of Genetics AG, and in 2003 he founded Pocket Indian Software Solutions.
Mikko Linnamäki is the co-founder of DENT Wireless. He has been an entrepreneur and businessman since 2000. Before founding Dent, Linnamäki owned five successful companies and described himself as a “serial web-entrepreneur and Internet software pioneer”. His oldest company is Smartseed GmbH, which has been operating successfully since the end of 2000.
Dent has an ambitious roadmap and plans to expand its services to new markets by the end of 2021. The company has attracted more than 25 million mobile device users, and Dent services are available in more than 140 countries. Dent’s corporate partners include Samsung Blockchain, Enterprise Ethereum Alliance, and Telecom Infrastructure.
How it Works
DENT uses a sharing model that allows users to buy, sell or donate their mobile data easily. The platform also serves as a horizontal trading market. Users from all over the world can initiate a direct exchange of data with one another.
Another critical aspect of the platform is eliminating the data roaming costs that smartphone users typically incur. By using the local data interruption protocol, the service aims to route all of its traffic over the internet rather than using a home telecommunications provider.
Finally, DENT enables the automatic purchase of data so consumers and IoT devices can run more smoothly. In addition, it allows users to get the best prices from the most suitable providers in their area. Operators no longer have to create an isolated platform but can use the DENT network for transactions.
The Dent blockchain offers many products such as DENT Buy, DENT Voice, DENT Exchange, DENT Teams, DENT eSIM, and many more. Let’s take a close look at some of them.
The DENT Exchange is an important part of the DENT ecosystem. It is a trading platform that includes the stock exchange, foreign exchange market, and similar markets. This is where users and third-party telecommunications companies meet and carry out transactions using the Ethereum blockchain. The transaction consists of seven components: tool repository, price data, portfolio management, market maker algorithm, order management, order execution, and DENT Exchange Parachain.
With the DENT application, you can dial real mobile and landline numbers. The advantage of DENT Voice is that the person called does not have to download their mobile app. Users can make calls anywhere in the world without buying a local SIM card and paying high international calling rates.
The only thing required is the DENT application. Users don’t even have to buy monthly, or yearly plans as Dent allows its users to pay for what they use. Unlike many other apps, the call recipient sees your name and number.
DENT Teams enable family, friends, and colleagues to share mobile data. In addition, data can be purchased on one device and shared with multiple people on multiple devices anywhere in the world. New web applications can be downloaded for free as an extension of the DENT wireless ecosystem, and users only have to pay for data. In addition, DENT Teams enables users to share data with any eSIM compatible device!
DENT Teams also allows parents to share data with their children and track their internet usage. In addition, colleagues, roommates, and companies can save costs and assign data allowances. In addition, the amount of data can be bought and sold among other users of the DENT network.
Dent eSim supports 60 countries, so you don’t have to sign expensive long-term contracts. You don’t even have to pay high international roaming fees. All you have to do is install the Dent eSim digital card on your iPhone. That’s it!
With Dent eSim, users do not need to exchange their SIM cards in 60 supported countries. All of their data plans are valid for 365 days. When its users are on the move, Dent automatically and dynamically connects to the fastest network available. Dent eSim supports Asia Pacific, Europe, the Middle East, Africa, and America regions.
DENT is an ERC-20 token and the native currency of the DENT market. It can be used to pay for or get paid for mobile data packages or exchange them for fiat currency via one of the cryptocurrency exchanges.
The DENT supply currently in circulation is 17,241,387,101. The total supply will be 100,000,000,000 DENT.
Dent continues to grow in a gradual process as they provide an easy way to send data top-ups to Verizon and ATT customers in the US and Telcel and Movistar users in Mexico. These small steps have seen a substantial rise in DENT’s market cap and the Dent token price. As the blockchain platform keeps rising, we should see more positive news for the Dent blockchain.