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DENT Wireless 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.
DENT Wireless has three stated goals.
To try to accomplish its goals, DENT uses an ERC20 token on the Ethereum blockchain.
Two of its features are:
DENT operates through a mobile app with the aim of making buying, selling and sending data as easy as using any other app.
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’ dedicated blockchain smartphone 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, and IOTA, IoT Chain and other “Internet of Things” platforms might have the potential to eventually leave DENT obsolete.
But 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.
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