DENT is a new coin on the market, and it’s priced at $0.051 per token. It has a circulating supply of 14 million coins with an total volume of 29,979 transactions over the past 24 hours.
DENT is a cryptocurrency that has been around since 2014. DENT coin first started trading on the Bittrex exchange in May 2017 for $0.0011 per token. In December, it reached a high of $0.01 per token before falling back to its current price of around $0.00012 per token as of April 2018.
While most novice traders concentrate on the coins included in the top 50 list, there are other coins with lower market capitalizations that are also worthwhile buys. Unlike what many traders assume, several cryptocurrencies outside the top 100 have real-world applications, making them suitable investments for individuals looking for a technologically sound currency.
The DENT currency has a modest market cap, but unlike many others in that category, its network has a real-world application, making it an excellent investment. Many investors, however, are unaware of this currency or the advantages that its technology provides in both the real world and the blockchain arena.
What is DENT Coin and how does it work?
With a market capitalization of nearly $660 million, DENT is the 126th most valuable cryptocurrency. This currency was trading at roughly $0.006738 at the time of writing. According to CoinMarketCap, the currency has a trading volume of over $200 million. This illustrates that, despite its low market capitalization, the coin still has a large number of buyers and sellers.
DENT has increased in value by roughly 37% in the last month. These gains correspond to a bull market in the cryptocurrency market. As a result, it demonstrates that, like the majority of genuine currencies on the market, it can adapt to developments in the larger crypto sector.
The maximum quantity of DENT coins, according to the company’s whitepaper, is 100 billion coins. The circulation quantity of these currencies is now about 93 billion tokens, indicating that practically the whole supply is accessible on exchanges. This is a favorable view for future pricing since it avoids the possibility of inflation, which might have a negative impact on cryptocurrency values.
When the token was first introduced to the market, the firm did an initial coin offering. 8.6 billion DENT tokens were sold during the ICO at a fixed price of $0.0005 per token. The business kept 30% of the total DENT token supply to make strategic acquisitions and for other objectives such as market seeding, user incentives, salary and bonus payments.
During a series of pre-sale and sale events, 70% of the remaining stock was released into the market. Any unreleased tokens that were not utilised in the company’s activities or issued to the circulating supply were locked. These were supposed to be distributed every three months.
The extensive information about how the corporation planned to put the tokens into the market cast a good light on the project’s potential. Furthermore, industry experts claim that businesses having a whitepaper and a token supply strategy are more reliable investments. In the crypto market, determining the validity of a project is crucial, since there are hundreds of cryptocurrencies, the majority of which have no genuine use cases.
The DENT Network’s History
As previously said, the DENT network is one of the oldest in the crypto field. In 2017, the network was launched. Tero Katajainen, the current CEO of DENT Wireless, is one of the company’s founders. Katajainen is a java programmer and a technology graduate. He created Pocket Indian Software Solutions in 2003. In 2015, he also worked as a senior Java consultant for the United Nations.
Mikko Linnamaki is the other co-founder of DENT. Linnamaki is a businessman and entrepreneur. Before deciding on DENT, he had five profitable firms. SmartSeed GmbH is one of the most successful initiatives he has worked on. He helped to create DEVCOT, one of the largest open-source IMAP servers in the world, in addition to being a co-founder of DENT.
The DENT network was introduced in 2017, as previously stated. The goal of this network is to address some of the most pressing concerns that mobile carriers confront. The network provides a unique way to mobile operations to boost the efficiency of this industry.
DENT Wireless provides eSIM cards, mobile data plans, phone minutes top-ups, and roaming-free service. According to the company’s website, it would employ blockchain technology to create a worldwide marketplace for mobile data liberalization.
The company’s website and whitepaper provide an ambitious future vision as well as specifics on how it plans to accomplish its goals. According to the firm, it will have extended its services to other areas and recruited new consumers by the end of 2021.
DENT Wireless has a big user base, similar to what blockchain networks that strive to address fundamental issues in the real world have seen. With over 25 million smartphone users, the organization already has a sizable user base. In addition, DENT wireless services are offered in more than 140 countries.
The amount of strategic alliances that a project has earned in the market is one of the elements that weigh in on its feasibility. Samsung Blockchain, Telecom Infra, and The Enterprise Ethereum Alliance are just a few of the entrepreneurial collaborations that the network has landed throughout the years.
Use Cases for the DENT Network
DENT is a network that aims to address the problems that plague mobile communications and data services. Given that half of the world’s population uses mobile services, it is a game-changing participant in this industry. Despite our overdependence on this industry, there are still challenges to be addressed, such as the exorbitant costs paid by conventional mobile carriers.
The DENT network aims to address some of these difficulties by using blockchain technology to guarantee that mobile airtime and data are readily accessible worldwide at reduced rates and more effectively.
DENT also increases the efficiency of mobile data since, as a global mobile operator, it eliminates the constraint of data being concentrated on a single place. It also eliminates extra expenditures like roaming fees and lets consumers to pick from a variety of overseas cell plans.
The DENT tokens’ use cases are found in the company’s mobile operations. DENT tokens are used to buy anything on the DENT network. Customers will have a real and genuine platform to purchase data and airtime since transactions will be recorded on the blockchain.
Is DENT a Sound Financial Investment?
The DENT coin is one of the greatest crypto investments available. It stands out among other tokens outside the top 100 in terms of market capitalization for many reasons.
As previously said, it has real-world applications since mobile operators that wish to take use of the DENT Wireless network acquire DENT tokens. Furthermore, its technical foundation makes it a marketable idea, lowering the chances of it becoming a flop.
Projects with real-world use cases are expected to emerge as victors in the future because they will be able to weather any changes in the crypto industry.
Another incentive to invest in this project is that it is one of the market’s oldest coins and networks. The token’s longevity adds to its validity, making it a secure and profitable investment.
Visit our Investing in Dent or How to Buy Dent guides to learn more about this project.
DENT Coin is a cryptocurrency that was created in 2017. It is currently worth $0.13 and has a market cap of $22,912,873. Dent coin predictions 2021 show the coin will rise to $1. Reference: dent coin predictions 2021.
Frequently Asked Questions
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