The increasing use and adoption of blockchain technology, and more specifically the use of Ethereum Blockchain and Smart Contracts, is eliminating intermediaries and reducing costs in various industries. Banks are changing the way they do transactions, while the industry is reducing complexity in manufacturing, supply chain and logistics, and governments are realizing the potential of this technology for their functions.
In this context we get the proposal of DENT Exchange who have been building the most transparent market for the sale, purchase and donation of mobile data packages.
Access to mobile data is becoming an essential human need, much like hot water and electricity. It is indisputable the value of the data, so much that validly users aspire to own their mobile data and its width. It is also important the provision of their data storage capabilities, in order to be able to freely sell or donate unused data to other users.
Under this premise, DENT has focused Three Megatrends for its penetration in the mobile business:
- Release of mobile data. DENT allows an “Economics of Data Sharing” where users can freely buy, sell and donate their mobile data, from any user to any other user. DENT-Exchange acts as a horizontal market for mobile data trading as in a stock market. The DENT Token will be the global currency of Mobile Data between Telcos and the user community.
- Interruption of international roaming. DENT facilitates the removal of roaming data. For example, with the breakdown of local data, the foreign telecommunications company takes user traffic directly to the Internet, instead of sending the payload to the domestic telecommunication company.
- Facilitation of the purchase of mobile data. DENT allows the automated purchasing of data packets for consumers and iOT devices. The user always gets the best price from the most appropriate operator in their region, without having to worry about buying too many or too few data.
DENT will push the liberation of the mobile data market to an open market, and that trend will be indescribable. DENT will be the global exchange of mobile data where – on the final scale – the world’s mobile data are sold, bought or donated, just like other commodities like currencies are traded today. DENT will make data prices transparent, and through automated bidding it increases the efficiency of the purchase, as well as the spot markets and mobile advertising today.
DENT Tokens will be the global currency for the exchange of mobile data packets. The ability to switch from one packet to another, especially at the advent of eSIMs, will allow the use of multiple operators on a single phone, which will propel telecom companies to compete.
The world currency for mobile data exchange: The DENT Token
DENT is the currency and DENT exchange capacity. The sale, purchase and donation of mobile data packets is handled by Ethereum blockchain. Data packets are smart contracts in Ethereum. The DENT exchange will boost smart contracts, effectively turning the system into a blockchain trading platform. Since exchange becomes the de facto standard for trading mobile data packets, it will also become the primary method for determining the floating price of mobile data around the world. Telecom companies and end users will interact market driven to determine the current price. This leads to transparency, greater competition and better utilization.
What can users do with the DENT tabs?
- When the DENT exchange is active, the DENTS Tokens will be correlated with the value of the mobile data packet in the market. Calculated from the crowdsale price, 1 DENT Token is valued at an equivalent of approximately 1 MB of mobile traffic.
- In the accumulation phase, users get DENT to participate in the DENT community to use collective power along with other mobile users to demand release of data and changes in the way that telecom companies operate with mobile data.
- DENT chips can be purchased in the crowdsale or later in the marketplaces
- The DENT mobile application serves as the central interface for users to purchase, sell or donate mobile data packets. Mobile app downloads are being incentivized with DENT tokens.
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