Dent

What is Dent?

Dent represents a decentralized, blockchain-powered ecosystem where individuals can engage in the buying and selling of various mobile data services. This innovative platform offers features like roaming-free calls, mobile data plans, eSIM cards, and call minutes. The overarching goal of Dent is to revolutionize the utilization and payment of mobile data, putting control firmly into the hands of network users.

By leveraging the Ethereum blockchain, Dent enables users to participate in activities such as donating, purchasing, and selling mobile data and associated services. This approach results in the creation of a fully decentralized, secure, and automated global marketplace for mobile data services. In a world where mobile data has become indispensable, not all mobile service providers offer satisfactory service. Dent bridges this gap by connecting users worldwide through blockchain technology and empowering them to dictate the dynamics of the mobile data market.

Dent establishes a peer-to-peer marketplace for the exchange of mobile data services, encompassing sales, donations, and purchases. This transformative approach aims to disrupt the traditional operations of the telecommunications industry. With Dent, users can enjoy benefits like roaming-free calls, cost-effective mobile data plans, and a range of conveniences. Both individuals and telecommunications companies have the opportunity to participate in the Dent P2P market, providing users with access to the best market deals while enabling them to pay for services at more affordable rates.

How Does Dent Work?

Dent utilizes advanced technologies to enable decentralized sharing of mobile data services among network participants. It relies on Ethereum smart contracts, virtual operators, and mobile/web applications. A large user base is crucial for Dent's success, attracting both telecommunications companies and sellers to the platform.

Dent Exchange is a core component, facilitating peer-to-peer market activities with elements like instrument repository, Market Maker algorithms, pricing data, order management, portfolio management, order execution, and the DENT Exchange Parachain. The web version is more complex, while the mobile version is user-friendly.

All transactions depend on Ethereum smart contracts, with virtual operators acting as market makers offering various data packages and services. Dent handles three types of transfers: P2P data package transfers for roaming-free service, user-to-user data exchanges, and Initial Data Offerings (IDOs) provided by telcos, with Dent earning fees from IDO handling.

Dent Team Background and Partnerships

Tero Katajainen serves as the founder and CEO of DENT Wireless. He obtained a master's degree in sciences from Tampere University of Technology in 1999. Following his graduation, he embarked on a career as a system administrator and Java programmer at the university. In 2001, Katajainen assumed the role of Chief Technology Officer (CTO) at Genetics AG, and in 2003, he established Pocket Indian Software Solutions. In 2015, Katajainen contributed his expertise as a senior Java/Android consultant for the United Nations, earning accolades and honors for his accomplishments in the technology field.

Mikko Linnamäki is a co-founder of DENT Wireless and has been actively involved in entrepreneurship and business endeavors since 2000. With a track record of five successful businesses prior to founding Dent, Linnamäki proudly identifies himself as a "serial web-entrepreneur and Internet software pioneer." One of his most enduring business ventures is Smartseed GmbH, which has been operating successfully since the late 2000s. Over the years, Linnamäki has also played a pivotal role in the establishment of DEVCOT, one of the world's largest open-source IMAP servers.

Dent has established partnerships with G+D, Samsung, Bunq, Apple, Telecom Infra Project, and MEF (Mobile Ecosystem Forum).

Dent Project Development

Dent most recently partnered with Subsquid, which offers a comprehensive blockchain indexing solution, encompassing an open-source SDK, specialized data repositories for on-chain data (known as Archives), and a hosted service called Aquarium. This versatile platform effectively addresses the data access challenges across a broad spectrum of online and analytical applications. What sets Subsquid apart is its fundamental design centered around batch processing, distinguishing it from other indexers that rely on block-based and event-based approaches. The Squid SDK's embrace of a batch-based programming model significantly enhances its indexing performance, allowing it to handle over 50,000 blocks per second.

Dent Price Analysis

As of November 24 2024 Dent has a marketcap of $123M. This is {{percentagefromath}} from its all time high of $0.1006. In terms of its tokenomics, there's a total supply of 100B with 96% currently outstanding. Keep in mind Dent has a fully diluted value of $129M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude