How to buy Dent (DENT)

How Dent works and where to buy and sell it.

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DENT Wireless as it’s officially known, aims to use cryptocurrency to democratize mobile data and bandwidth in a peer-to-peer economy. In simpler terms, it aims to help users buy and sell their mobile data.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy and sell Dent

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
-
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: US-based users have been restricted from Binance since June 2019.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
OKEx Cryptocurrency Exchange
Bank transfer
Cryptocurrency
WeChat
USD, CNY
BTC, ETH, LTC, EOS, TRX, ETC, BCH, TRUE, XRP, ABT, HSR, MITH, BTM, AUTO, IOST, & over 119+ more
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Altcoin.io Decentralised Exchange
Cryptocurrency
-
*Note that while the platform is under development, it is expected to support BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT & 20+ more
Launching in 2018, Altcoin.io is a decentralised peer-to-peer cryptocurrency exchange powered by atomic swaps. Sign up now for early access.
Cryptocurrency
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BTC, ETH, XRP, BCH, EOS, XVG, LTC, ADA, MIOTA, TRX, NEO, DASH, XMR, XEM, VET, ETC, ICX, QTUM, OMG, & 70+ more
Buy and trade 100+ cryptocurrencies on this global cryptocurrency exchange.
IDEX Cryptocurrency Exchange
IDEX Cryptocurrency Exchange
Cryptocurrency
-
EOS, RFR, CS, AUC, BEE, BANCA, CNN, EOSDAC, FSN, NBAI, TRAC, VET, XBP & 60+ more
A decentralised cryptocurrency exchange where you can trade over 250 ERC20 tokens.

Compare up to 4 providers

Step-by-step guide to buying and selling DENT

  • You can only buy DENT with another cryptocurrency, so you’ll first need to buy BTC or ETH and then trade that for DENT at one of the exchanges above.
  • The coins accepted may vary, depending on the exchange.
  • This involves creating an account on the exchange, and then sending coins from your wallet to that exchange. At this point, they can be exchanged for DENT.
  • After the exchange, your DENT will either be deposited to your account on the exchange or sent directly to the wallet address you’ve specified.

How does DENT work?

DENT Wireless has three stated goals.

  • The liberation of mobile data. It wants to let customers buy and sell their mobile data peer-to-peer as quickly and easily as possible, to eventually create a global marketplace for mobile data and bring prices down all over the world.
  • The removal or minimization of data roaming fees. DENT aims to remove the concept of data roaming by using a system called “Local Breakout” that automatically routes data in the most efficient way possible. Currently, data roaming fees are used to offset the costs of inefficiently routing data, for example from someone’s home country to the country the person is in currently.
  • To help drive the data sharing economy. Just as Airbnb is driving shared living space, Uber is driving shared transportation and other peer-to-peer systems are emerging, DENT wants to drive shared mobile data.

To try to accomplish its goals, DENT uses an ERC20 token on the Ethereum blockchain.

Two of its features are:

  • A single currency. The use of its own currency makes it a lot easier to buy and sell data globally.
  • Smart contract products. When users buy and sell mobile data, it comes packaged as a smart contract product. This ensures transparency in the system and means buyers and sellers can’t cheat each other.

DENT operates through a mobile app with the aim of making buying, selling and sending data as easy as using any other app.

What to consider if buying DENT

DENT will have a total token supply of 100 billion, of which about 10.7 billion are currently in circulation.

If you’re planning on buying, it’s probably also worth getting the app itself to see how it works, and whether you might simply prefer to use DENT for its intended purpose rather than holding onto its tokens.

The DENT platform is largely operational and has a functional product that appears to be widely used.

It also previously adjusted prices to adapt to the growing value and popularity of the coin, so it’s worth considering that DENT’s value might be increased without pricing the token out of usability.

However, it’s also facing extreme competition from other blockchain providers. For example, Sirin Labs created a dedicated blockchain smartphone, which is currently under development and has the goal of having DENT-like features built-in.

The Sirin phone is being created with the specific aim of eventually migrating into the IOTA network, IOTA, IoT Chain and other “Internet of Things” platforms, might have the potential to eventually leave DENT obsolete.

However, if you’re looking to test drive some blockchain technology in the real world, you may want to test the waters by buying some DENT, getting the app and seeing how it stacks up next to your current mobile data prices.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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