Defi
DENT coin is striving to become the cryptocurrency of choice for mobile data.
But will it succeed? And what threatens their success?
In this coin review, we’ll run through how Dent cryptocurrency works, plus their advantages and disadvantages.
1. What Is Dent Cryptocurrency?Ever been on holiday and had to go through all the trouble of changing sim cards, finding a mobile network and agreeing an affordable rate?
The problem is that across the world, mobile networks are very fragmented
Dent coins basically solves this by creating a worldwide mobile data marketplace on the blockchain.
- Making overseas calls
- Avoiding expensive international phone calls/data roaming
- Making the internet more accessible whilst you’re on holiday/travelling
- Increasing mobile data accessibility in developing countries and more rural regions
- Turning mobile data into a commodity that can be easily traded between peers
- Plus, you don’t have to worry about jailbreaking your phone just to add a new sim card
The other thing is that most telco networks cap your internet usage on your phone.
So for example, most people are limited to a 1GB or 4GB monthly deal.
With Dent, you wouldn’t have to worry about being overcharged or running out of data
2. How Does Dent Coin Work?If you already have a contract with a mobile data network, then you probably know their limitations too.
They’re often expensive, customer service isn’t great and you’re restricted in terms of what you can and can’t do.
For example, existing mobile networks are:- Limited to long-term contracts
- Charge expensive rates for international data roaming
- Typically have poor customer service. Usually you have to call a foreign call center and there are long waiting times
- Inflexible in terms of buying more data
- Uncompromising with their fees, rates and extra charges
- Rigid data plans that typically lock-in their customers for long periods of time – usually contracts are 2+ years
With Dent coin, you get a marketplace where you can buy, sell and donate
Each transaction is secured with a smart contract. So once someone has swapped tokens for data, a transaction will be secured.
It also means that if you haven’t used all your data up by the end of the month, and you want to get rid of it, you can sell your data on the Dent marketplace for a profit.
3. What Problem Does Dent Coin Solve?Dent solves a big problem because over
143 million gigabytes of mobile data goes unused every month.
And most of the time, you can’t roll your mobile data onto the next month.
So essentially, it’s wasted. That’s a lot of money telco companies gain, whilst their customers pay extra for unused data.
With DENT, just like how you can trade stocks or currencies on Forex and Wall Street, mobile data could be traded too.
In theory, this is win-win – for the buyer and the seller.
(There are disadvantages which I’ve explained later.)
But essentially, this creates a more efficient pay-as-you-go model, where customers get a better deal because they’re cutting out the middleman.
https://kingpassive.com/dent-crypto...t coin, you get,a transaction will be secured.
https://www.uswitch.com/media-centr...tes-mobile-data-unused-customers-every-month/
