What is Dent (DENT)? Dent is a blockchain project that aims to liberate mobile data to help users avoid data roaming charges. As Kriptokoin.com, we have answered questions such as what is Dent (DENT), how it works, how to buy DENT coin, what are its advantages and disadvantages.
What is Dent (DENT)?
Dent, a blockchain project, is built on the Ethereum blockchain. The platform has an ERC20 token of the same name. This token, called DENT, works as the native cryptocurrency of the platform. As a decentralized network, Dent makes it possible to sell mobile data (internet) to smartphone users and all participants of the platform. Mobile data vendors on the platform are rewarded with donations and DENT coins. The platform acts as a global exchange for mobile data.
Dent competes with traditional mobile data platforms and companies. It aims to beat these platforms and revolutionize the mobile data industry. The platform’s mobile data packages come in the form of smart contracts. Dent’s mobile app is already available for mobile devices running iOS and Android operating systems. These apps currently have more than 7 million users worldwide. At the time of writing, the Dent project had a market capitalization of around $254 million.
What is Dent coin? What is it used for?
DENT works as the project’s native cryptocurrency and is an ERC20 token. Cryptocurrency can be used to pay for or receive payments for mobile data packages. In addition, Dent coin can be converted to fiat money such as dollars through cryptocurrency exchanges. The maximum supply of the token is set at 100 billion units. At the time of writing, 99 billion DENTs were in circulation.
What are the advantages?
- Mobile data vendors on the platform can earn DENT through community likes even if they don’t sell.
- The platform performs money transfers between wallets quickly with a very low fee.
- Token is listed by major and secure crypto exchanges. Therefore, it is quite easy for users to access the asset.
What are the disadvantages?
- The project, built on the Ethereum blockchain, is affected by speed drops in the network. The waiting time for trade orders is longer during peak network periods.
- Such platforms may be subject to cyber attacks from time to time. In such attacks, users may lose some or all of their assets. This issue can be circumvented by storing assets in hardware wallets rather than online wallets.
What is Dent (DENT)? How to get Dent coin?
Dent coin is currently listed on exchanges such as Binance, Gate.io, KuCoin. Users interested in the asset must first become a member of one of these exchanges and deposit funds into their wallets. After that, they can make a DENT purchase.
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