Where to Buy Dent (DENT)

Dent (DENT)

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How to Buy Dent (DENT)

Within the ever-shifting cryptocurrency landscape, there is a constant shuffle of coins’ popularity and value and as new coins are regularly infused into the market, so to shifts the scales. As a crypto investor, you should remain vigilant, on the lookout for new promising coins. This capacity for success is made self-evident through a combination of its functionality and its price progression. One such coin, DENTcoin, has captured the interest of crypto investors and the crypto community for a variety of reasons. Below we will review the coin, how to buy it and whether you should start investing in DENTcoin.

In 2014, Commando Coder Limited was founded in Hong Kong by Tero Katajainen, Mikko Linnamaki, and Andreas Vollmer with the aimed goal of developing an automated market system with built-in risk management functions. From there, the company evolved into DENT Wireless Limited, and by July of 2017, they had launched DENT coin via crowd sale. This sale was considered a success and lasted from July 12th to July 26th.

The reason why DENT was created to address the virtual data cartels created by telecommunication companies such as AT&T, Verizon, and TMobile. Obviously, mobile data has become increasingly important and valuable to consumers, for those in both developed and underdeveloped countries. As of today, the mobile data market is valued at roughly $250 billion. DENT’s purpose is to disrupt the current system utilized by the global telecommunications industry; their goal is to revolutionize how people see, use, and exchange data.

What is DENTcoin?

Have you ever gone over your data plan? Do you ever have a data reserve that you paid for and did not utilize? Do you have to purchase a new sim or pay a premium to get data while abroad? Odds are you answered yes to all, if not most of these. The global data market does not have inherent flexibility in that you buy your plan with a set amount of data. If you do not use all that data, that is too bad; most companies do not allow rollover. If you do use all your data, you pay exorbitant fees. DENT saw this oligopoly and decided to shake the system. They asked us to consider a world where global roaming data was free or could be purchased at a much lower price; to imagine a world where a local SIM card was not required for different countries; to break the chains telecom companies have bound consumers with.

DENT aimed to create a blockchain-based platform that allows users to purchase, sell, trade or donate their unused mobile data through the Ethereum blockchain. This monetization of data within Ethereum blockchain nodes immediately granted DENT a sizable advantage to other newly emerging coins, due much in part because Ethereum’s selection of DENT to its network granted DENT legitimacy in the eyes of investors.

DENT has three stated tenants:

  1. Liberation of Mobile Data. They desire the DENT Token to become the worldwide currency for Mobile Data between Telecommunication companies and the user community. DENT stands by their “Data Sharing Economy” whereby users can freely buy, sell and donate their mobile data, peer to peer.
  2. Disruption of International Roaming. DENT gets rid of data roaming cost drivers including costly routings between Telecommunication companies.
  3. Automated mobile data purchase for the best price. DENT supports automated purchase capability of data packages for consumers and iOS devices. The user always gets the best price from the most suitable operator in his region, without having to worry about buying too much or too little data.

The difference between a Coin and a Token

While this may seem confusing, DENT coin is not technically a coin. A more accurate descriptor would be a digital token. While both are considered to be cryptocurrencies, the word cryptocurrency itself is somewhat a misnomer since currency refers to a stored value, a unit of account or a medium of exchange. While this name was true for Bitcoin, the original cryptocurrency, all those that followed were generally considered cryptocurrencies even if they did not satisfy the requirements of being an actual form of currency. These coins are separated into two categories:

  1. Altcoins – alternative crypto currencies
  2. Tokens

Tokens represent a particular utility or asset that functions in accordance with another blockchain. They can denote any asset that is tradable and fungible from other coins to commodities. Since they are a part of the Ethereum platform, they do not need to produce their own code or generate a new blockchain. Instead, they follow Ethereum’s standard blockchain template and create tokens from there. These tokens are generated and disseminated to the public through a form of crowdfunding via ICO (Initial Coin Offering). In the case of DENTcoin, users buy these digital tokens with Ethereum, and on top of carrying inherent value, these tokens can also be used to purchase mobile data in the DENT Wireless app.

For DENT’s ICO, 100 billion DENT tokens were created, of which 70% were sold in the initial presale and public sale. The total value of these tokens is approximately 152,000 Ethereum, whereby 1ETH is worth 400,000 DENTcoin. DENT Wireless kept the 30% of tokens not sold.

The DENT Mobile App

As mentioned previously, DENT aims to be exclusively a mobile app, available for both iOS and Android. The app launched last month has been met with widespread approval from the crypto community. This app is equipped with a user wallet to protect and store DENT tokens and has an intuitive interface for selling, buying, and donating data packages to other users.

Getting Started

Before you can purchase DENT or mobile data, you must first purchase Ethereum; to do this, you can register an account with a coin platform such as Coinbase or Coinmama. After purchasing Ethereum through one of these platforms, you will now be able to exchange portions of those coins for DENT.

The first markets for DENT iOS and Android are operators from the U.S. and Mexico. Postpaid customers from AT&T and Verizon are applicable in the States and customers from America Movil and Telefonica in Mexico.

  • Step 1 – Download App – fairly self-explanatory, download DENT from the mobile store.
  • Step 2 – Register – you will be required to register with your mobile number, after accepting the terms and conditions and the privacy statement, click “proceed” and wait to receive a 6-digit SMS code. Type that code in and click “validate.”
  • Step 3 – Create Profile – Upon validation, you can create a personal profile using Google accounts, Facebook or manually inputting your information.

Using DENT

  • Buying DENT – Upon initial completion, you may receive a welcome package containing DENT credits, which can be used immediately. If you wish to buy more DENT, go to your account, click your profile, click “buy DENT’s,” and select the package you wish to obtain.
  • Sending Data – If you wish to send DENT or data to anyone, they must first have the app downloaded on their device, and they must be a customer of the above-mentioned operators (Verizon, AT&T, America Movil, Telefonica). If they do, you will select a recipient, either from your address book or by typing that information in manually. After this, click “choose offers,” and you will be given available packages available to the recipient.
  • Transfer DENTs from other wallets – Navigate to your profile page, click “Transfer DENTs from wallet”. Upon clicking you will see a QR code and the wallet address.

Why DENT?

  • They follow their Roadmap – The customer reviews of DENT have been unbelievably positive. The community is not only hyped about the product DENT is delivering, but they have also executed their roadmap flawlessly as seen here: https://www.dentwireless.com/roadmap , hitting every goal and date they have set for themselves. This proof of concept has engendered a broad base of support and trust in the DENT team that they will deliver upon their goals.
  • DENT added to the OkEx exchange – OkEx is an extremely active crypto trading platform, ranking amongst the world’s most popular mediums for cryptos. This further granted DENT’s legitimacy and increased the value of the coin.
  • A growing platform– As mentioned, Dent already has established deals with the big four service providers, as well as many other service providers the world across. With the launch of their iOS and Android apps in December and January, DENT has experienced slow but steady growth, increasing from 2¢ to 16¢ per coin. Dent is steadily establishing mobile connectivity with users all over the world, especially those in underdeveloped countries. Simply adding Indian and Brazil to their network supplemented the DENT user base with an extra 40,000,000 accounts, which in turn raises DENTcoin’s price. As more and more mobile services buy into DENT’s mission, these users will go from the millions to the billions. If this does occur, DENT’s value will increase exponentially

DENT provides an exciting investment opportunity, their token is multipurpose, containing inherent value as well as allowing users the ability to purchase data packages. This plan to revolutionize the cellular data industry is a bold one, but thus far, DENT has delivered on all of its promises. Judging by their track record and investor hype, you should purchase some DENTcoin for yourself as soon as possible.

Okay, done learning and want to buy? Follow the steps below.

 

Create A Coinbase Account

At the start of every crypto purchase is BTC or ETH. We’ll need these primary currencies to purchase other cryptos, so go ahead and buy them through Coinbase. If you’re not having any luck with Coinbase, try purchasing them through Coinmama — the steps won’t be any different. If you already own BTC or ETH, you can head on to step 2.

Open Up A Kucoin.io Account

Once you buy BTC or BTC or ETH, you will be able to purchase all other coins in what we call a cryptocurrency marketplace. We will be going through Kucoin today, there are plenty others where DENT is available too. Open up an account with Kucoin and move on to step 3.

Transfer BTC or ETH to Kucoin

At first glance, this seems difficult, but we promise it’s not. All we’re doing is transferring BTC or ETH from our Coinbase wallet to our Kucoin wallet. Follow these steps to do so:

  • Tap “Wallets” on Kucoin.io
  • Locate “BTC” or “ETH”
  • Tap “Deposit”
  • Select and copy the address string
  • Get back over to Coinbase
  • Click “Accounts”
  • Locate your BTC or ETH wallet & press “Send”
  • Drag the Kucoin wallet address into the recipient address bar from Coinbase
  • Decide the amount you want to send over and finalize!

Use the screenshot below for reference. We used ETH but BTC is no different.

Buy Dent (DENT) on Kucoin

Wonderful, you have some BTC or ETH in your Kucoin wallet, which means we can get straight to purchasing. Locate the “Markets” tab and then look for the BTC/DENT or ETH/DENT market. Once you’re there, you can select the price per coin, the volume of coins you want to purchase, and then buy them!

Here’s another screenshot you can use for reference:

Appraise & Store Away

Great! You just successfully purchased some DENT. We’ll leave the next steps up to you, but know that most investors choose between letting their cryptos sit in their wallets or going back to the marketplace for more.

 

What else do I need to do?

Nothing, you’re all set! This stuff can get tricky, so please don’t hesitate to send us any questions in the chat window to the right if you still need some extra help.

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