DENT cryptocurrency is an internal payment instrument of the Dent crypto project, whose main task is to unite mobile users into a single global digital community through the use of crypto technologies and decentralized software solutions. We are talking about creating a platform that allows users to carry out financial transactions when selling unclaimed traffic. At the same time, the authors of the Dent token are going to introduce their technology solutions in the future, which provide an opportunity to exert a direct influence on mobile operators.
A bit of history
DENT cryptocurrency belongs to the category of relatively young crypto projects. This coin entered the market in the summer of 2017. The specialists of the DENT Wireless LTD company worked on the creation of the cryptocurrency.
Earlier, members of the Dent development team managed to take part in the development of the FOREX trading platform and the MetaTrader terminal, which provided an opportunity for ordinary users to conduct financial transactions on the exchange using a mobile application. Several elements of this exchange project were used to create the DENT exchange site. To ensure stable financing for the development of a new crypto project, funds were attracted not only from the founders of the parent company but also from the financial resources of investors interested in getting a profit in the future.
Despite the low popularity and lack of an advertising campaign, the creators of Dent still hope that soon they will be able to draw attention to their brainchild of a significant part of the user audience to ensure stable growth in the cost and capitalization of the entire project.
Features and characteristics of Dent
At its core, the DENT crypto project is a new and exclusive cryptocurrency ecosystem. Its main task is to create a full-fledged community of mobile device users running mobile operating systems. According to the authors of this crypto-platform, the concept of forming a mobile user community is focused on the fact that thanks to this, the authors of Dent will receive real leverage over mobile operators. Also, it is worth noting that the tools offered by the Dent developers will help the participants of their crypto network to resell mobile traffic (calls, messages, Internet) to other users of the Dent ecosystem.
A similar concept was based on research, which indicated that worldwide, mobile users spend more than $ 32 billion on mobile traffic every year. At the same time, almost 5 billion dollars spent on traffic remain unused by users.
Separately, it is worth dwelling on how Dent is mined, as well as where to mine this coin. Since the DENT coin is an ERC20 token based on the Ethereum blockchain, it cannot be mined using traditional technologies for miners. The same applies to the mining of this cryptocurrency through cryptocurrency pools. They are used by miners to optimize the mining process by reducing energy and equipment costs.
Advantages of Dent coin
Due to the continued rapid growth of the mobile services market, users are in dire need of special tools and services that optimize the financial costs of mobile communications. Therefore, the opportunity to sell unused traffic, which opens up to users of the DENT crypto platform, can become a good basis for the future growth of the user audience of this crypto project.
As for the main advantages of Dent coin, the following features of this ecosystem and its digital token should be attributed to them:
- availability of a full-fledged application for iOS devices, which guarantees to attract the attention of a significant part of users of modern mobile devices;
- full-fledged decentralization of the structure of the crypto project, which does not allow not only third parties but also the creators of the site to engage in abuses to obtain additional profit;
- the coin is based on the blockchain of one of the most popular cryptocurrencies Ethereum. It guarantees the stability of this platform;
- an interesting concept that provides users with many benefits that provide excellent growth potential for DENT.
Disadvantages of Dent coin
According to analysts and experienced cryptocurrency investors, the main disadvantages of DENT are the following features of this cryptocurrency:
- Dent coin is characterized by high volatility, which complicates the process of analyzing and predicting the value of the token. As a result, this factor leads to the fact that the majority of investors are afraid to invest in such risky assets, even though they, with a good set of circumstances, make it possible to quickly make a profit;
- due to technical features, as well as due to the low interest of exchange platforms in the DENT token. So far this coin can only be bought without the possibility of conducting exchange operations to resell the coin for fiat money;
- the youth of the token limits its potential for rapid growth, which is due to the activity of old and large decentralized crypto projects;
- lack of a clear strategy for the further development and popularization of the brand among participants in the digital currency market;
- the presence of fierce competition in the market from other projects that offer users high chances of making money with lower risks;
- the possible introduction of state regulation of the crypto market by the world’s largest economies, which will automatically lead to the beginning of a massive outflow of money from this segment of the world economy.
Most expert forecasts for 2023 on DENT do not take into account the listed disadvantages of the coin. Therefore, before believing the words of analysts and investing in this asset, it is recommended to do an independent study of its prospects to determine the feasibility of investing.
