Soon, the days of complicated international phone expense reports, frequent travelers purchasing multiple local SIMs and numbers, and phone companies charging extortionate prices for users to access online data abroad, could be gone. This is thanks to DENT Wireless, or colloquially known as simply ‘DENT’. DENT aims to become “your new digital and global mobile operator”. Through the DENT Network, anyone across the world can access the tokenization and trading of mobile minutes and data bundles through the DENT Exchange. This is made possible thanks to blockchain technology and the native DENT token.
In this article, we’re going to dive deep into the DENT Wireless ecosystem. We’ll look at the services offered through DENT Network and explore the DENT Exchange. Moreover, we’ll explore potential reasons why the DENT token has seen a lot of growing popularity.
DENT is a decentralized application (dApp) built on top of the Ethereum blockchain. If you’re interested in learning the fundamentals of Ethereum and how it has become the backbone and host to the majority of dApps in the industry, see our Ethereum 101 course. Ivan on Tech Academy breaks down the basics around the innovations of decentralized finance (DeFi) suitable for all experiences. Furthermore, to gain a deeper understanding of how finance and technology are intertwining within large businesses across the world, see our Fintech 101 course. Gain a wealth of educational material around different Fintech regulations today, available at Ivan on Tech Academy.
What is DENT Wireless?
DENT Wireless, or DENT, is liberalizing the market of mobile data, creating a global mobile and data network. One of DENT’s unique selling points is the ability to use a single mobile network - DENT Network - and travel freely across the globe without the worry of data roaming charges, or purchasing local SIM cards. DENT has designed the eSIM, built around a new mobile data infrastructure created using blockchain technology. The project is introducing a decentralized transparent model for mobile data networks. Moreover, the user can choose personalized mobile packages through the DENT Exchange.
The DENT Wireless ecosystem is powered by the ERC-20 based native DENT token. The DENT token is used as the base token in the DENT Exchange and used as currency to pay for assets within the network. This includes mobile minutes and data packages. Additionally, through tokenizing data allowances, DENT has created a new transparent community model for tracking and trading mobile data.
Why is DENT Becoming So Popular?
When attempting to calculate the success of a cryptocurrency project, it’s often best to approach it from several perspectives. Fundamental analysis, ‘pumpamental’ analysis, and technical analysis are key areas to consider. Firstly, the fundamentals of DENT are strong, having the first-mover advantage of a decentralized global mobile network with tokenized, tradable mobile data. Additionally, the team behind DENT has been working hard on lots of developments and updates for the project that will be launched throughout 2021/2022.
Secondly, pumpamentals refer to the community and marketing behind the brand. DENT has an active and growing community across several social platforms including Twitter, Telegram, and Instagram. Moreover, DENT appeared on the Binance Research projects report before being listed on the world’s largest exchange (by trading volume). This meant that Binance’s audience had pre-exposure to DENT alongside educational material about the project. Since then, DENT has appeared across several Binance ‘BNB Coin’ marketing campaigns.
Finally, technical analysis is how market psychology plays out on the trading charts. As an overview, the DENT token launched in early June 2017 at around $0.0044. During the bull run in 2018, DENT reached its all-time-high on Binance Exchange at nearly $0.09. However, the price crashed over 95% with the bear market but has since shown a trend reversal during the summer of 2020. We’ve talked more about DENT’s price action later in the article. Smaller-cap altcoins, such as DENT, can be very volatile in price. Make sure to do your own research and have an investment strategy before starting trading cryptocurrency!
The DENT Wireless Ecosystem
DENT Wireless spans far and wide offering a broad array of services. Below are some of the core features of the DENT Network.
DENT eSIM
The DENT eSIM gives users internet connection in over 80 countries, valid for 365 days. The eSIM doesn’t charge expensive roaming fees like most major operators and is free to get started with. Moreover, the DENT eSIM offers a flexible service at one affordable price, without the need for a contract.
Also, the DENT eSIM means that users don’t need to change SIM cards or phone numbers when traveling abroad. With a single, global operator to connect anyone around the world to the DENT Network, this could be a catalyst for innovation in the future of mobile data.
The DENT eSIM is available to download through either Google Play or Apple’s App Store.
DENT Teams
DENT Teams enables family, friends, and colleagues to share mobile data. Furthermore, data can be purchased on one device and shared among several people on multiple devices anywhere in the world. Expanding on the DENT Wireless ecosystem, the brand new web app is free to download, users just pay for data. Plus, DENT Teams allows users to share data with any eSIM-compatible device!
Users can purchase a Worldwide Data Plan with DENT Teams right from the DENT app. DENT Teams allows members to be added so that they can share mobile data on any device in a cost-efficient way.
Furthermore, this enables parents to share data with their children and track their internet usage. Also, this allows colleagues, roommates, and businesses to save costs and allocate data allowances. Moreover, data volume can be bought and sold among other users of the DENT Network.
The DENT Exchange
One of the project’s core features is the DENT Exchange. This is the first-ever marketplace for mobile data and call time in partnership with industry-leading telecommunications company Telco. The DENT Exchange is powered by the DENT token. The platform is created to commoditize data and minutes, turning them into tradable assets, powered by blockchain.
Just like other commodities, DENT views data and minutes in a similar way to electricity, oil, and fossil fuels. The DENT Exchange allows data to be traded globally, using the DENT token as the base asset for every transaction. Furthermore, the DENT Exchange allows users to execute orders and manage their portfolio in a simple way that works just like many other popular cryptocurrency exchanges.
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DENT App
The DENT mobile app is currently live with lots of development in progress. Available on iOS and Android, there are still various aspects to the ecosystem that are not yet available to iOS users. Below we have looked at the various aspects of the DENT app and "iDENTified" the different aspects available on each operating service.
DENT Earn
Currently only available through the DENT app on Android, DENT Earn is an innovative way to bag some free DENT tokens. Users who log in to the app every day can earn special bonus rewards following a three-day streak. Plus, by answering surveys and polls, users can also be rewarded with free DENT tokens to spend on minutes or data purchases.
DENT Earn also rewards users for sharing their link with friends, receiving free DENT once they’ve signed up. Additionally, the app features several games where users can earn free DENT by completing tasks and challenges. This includes watching videos and completing in-app mini-games. Users can spend their free DENT tokens on mobile data and minutes packages on the DENT Exchange.
Top-Ups
Run out of data and don’t want to wait until your next monthly top-up? Now you don’t have to! With the DENT app you can send or receive top-ups anytime you need! What’s more, the app facilitates mobile data sharing, allowing users to send data allowances to family members, friends, or colleagues across the globe.
The DENT app has you covered whether you need mobile data or minutes. DENT has the facilities to automatically detect which network carrier a person is using by typing in their mobile phone number. At this point, DENT will present a list of different packages available that are best suited to the desired phone network. DENT Network supports over 200 telecommunication network carriers, available in over 50 countries. The top-up facility is available on both Apple AppStore and Google Play.
DENT Marketplace
A recent development on the DENT Android mobile app is the DENT Marketplace. DENT has built a decentralized marketplace purely dedicated to the selling, purchasing, and trading of mobile data and minutes packages. Moreover, these packages can be used by the purchaser or bought as gifts for friends, family, or colleagues.
DENT offers “unlimited packages assets”. This means there is no expiry date for mobile packages and they are available to use for as long as you like! Perhaps you’re using a particular data package for a couple of months, then a change in circumstances requires you to travel more and in turn, use data more frequently. You can swap and change your DENT mobile package as and when it suits your personal circumstances. Additionally, all assets within the DENT app are synchronized. When a user purchases assets from within the DENT Marketplace, these assets will automatically appear on the DENT Exchange account.
DENT Afterburner
DENT is offering loyal users of the DENT Android app and DENT Exchange the opportunity to earn rewards, bonuses, and discounts through the DENT Afterburner. Users can lock their DENT tokens in the Afterburner Vault for 30 days to receive the exclusive benefits. Daily rewards and referral bonuses are available immediately after locking up the tokens. If users need access to their tokens, they can do so without any losses after the 30 day lockup period.
Benefits vary depending on membership level, which starts at a minimum of 30,000 DENT tokens for a ‘White Card’ level. Further up the hierarchy is the ‘Red Card’ with a minimum stake of 200,000 DENT, and the top-level ‘Black Card’ requiring a minimum of 1 million DENT. Rewards include free voice minutes every two weeks, trading fee discounts, up to 56% daily rewards, and up to a 56% referral bonus!
DENT Roadmap
The DENT team has been working tirelessly over the past few years, and in 2021 we can begin to see the fruition of their work. From early 2021 we can expect a global marketing push from DENT, increasing brand awareness before launching new exciting products and services. Their primary market focus is on international markets and travelers.
During the first half of 2021, DENT has a busy schedule of releases including enabling DENT eSIM for Windows 10 laptops and tablets. Also, DENT will launch Data Trading facilities for the eSIM on the DENT Exchange on both web and mobile apps. You may see these promotions soon appearing across social media platforms like Twitter, Facebook, Instagram, and Snapchat.
The DENT team is currently working on developing device and network connectivity for this year’s Olympic Games in Tokyo. Also, they have plans to add over 20 new countries to the global pack for the DENT eSIM. The DENT Exchange will also see an upgrade to the user trading experience on mobile devices too.
Summary of DENT Wireless
DENT Wireless is pioneering a new decentralized global mobile data network, with the aid of blockchain technology. It is now possible to tokenize, share, and track mobile and data networks through DENT Wireless. This can help roommates track and manage shared data more easily. Through using DENT Teams, businesses and families anywhere can organize, monitor, and manage mobile data.
DENT Wireless has survived the previous bear market, seeing increased developer and community activity over the past couple of years. Moreover, the DENT token appears to be moving in the right direction towards its previous all-time high of $0.10 according to CoinGecko. At the time of writing, the DENT token sits around $0.005, up 339% on the month. Additionally, marketing support from the likes of Binance in 2021 suggests that DENT is a promising altcoin project to watch during the 2021 Bitcoin bull run.
Blockchain technology is becoming a hot topic within mainstream media and is the number one in-demand skill according to LinkedIn. Ivan on Tech Academy provides the basics of blockchain technology in a simple, step-by-step tutorial, to cater to all learning styles. Check out our Blockchain & Bitcoin 101 course today to gain a foundational understanding of how blockchain technology operates, before moving onto some of our other courses including The Bitcoin Money Revolution course. This course gives a background on the history of money and why Bitcoin is crucial to our financial future. Check out Ivan on Tech Academy today! What’s more, don’t forget to follow us on Twitter @Academy_IOT to share your thoughts about DENT Wireless!
