Dent also addressed Dent Coin is a cryptocurrency aimed at overhauling the world’s telecommunication system. Dent is the creation of Dent Wireless Limited. Its objective is to make the mobile technology reachable and accessible by all without the need for them to invest much in infrastructure. It uses the Ethereum blockchain technology to build the first mobile Data Exchange. Dent just took 2 weeks in July to complete its ICO crowdsale. The developers have carried their business name and continue calling the cryptocurrency as DENT.
Dent plans to create the world’s first marketplace for mobile data. Where the users can buy, sell and even donate mobile data on demand with transparent pricing. Mobile data has become important over the past few years. People today are relying on the mobile data for all their needs. Dent will make mobile data usage more convenient and affordable. The company will remove the International Roaming charges that have been a burden for users when they travel. The providers will be able to bid through an automated bidding system like the spot markets and digital media advertisements.
Dent is working on a system for automated purchases of scalable data packages and IoT devices which will allow the users to get the best price wherever they are. They will not have to worry about any wastage of data since they can sell or donate the data at any time. The users can exchange their package for a more suitable one at any time allowing the users to stay connected in a more reliable, affordable way.
The DENT mobile app is the core principle on which the entire process revolves. It is available on Android and iOS. It offers a wallet for the DENT tokens to be stored. Users must first register by giving their mobile number. Dent will verify the number, check if their service is available in their country and who are the providers available in the Dent network. Users can then check the servi9ce providers and their plan costs.
Dent is unique, one of its kind in the mobile data industry. It is spreading its network across the globe and in November, has successfully entered Brazil and India, which means more probable customers. The company hopes to raise 1,52,000 ETH. It has been maintaining an average price of $0.0005. The ambitious project is likely to gain more momentum in the years ahead.
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