Dent (DENT) is a groundbreaking Web 3.0 project that aims to decentralize eSim services all around the world. Isn’t that surprising? But how would that be possible? And will Pakistanis be able to participate in such project?
In this detailed guide, we’ll answer all your questions in the best possible way.
What is Dent (DENT)?
Dent (DENT) happens to be a project utilizing blockchain technology to present a unique take on the whole telco (telecom company) paradigm that we’re all familiar with.
History: The Genesis of Dent
Dent’s founding can be traced back to 2014, with Tero Katajainen, the founder of the DENT Wireless firm, and Mikko Linnamäki, an entrepreneur, being the primary individuals behind it. Then, three years later, in July of 2017, Dent carried out an ICO (initial coin offering), where it successfully raised the funds it needed for development.
Following that, later that same year, the DENT token was launched on Ethereum alongside Dent’s own mobile application.
The Mission Behind Dent
The primary vision underlying the formation of this project was to take a transformative approach within the realm of mobile data through the creation of a decentralized system. However, to be more specific, it seeks to generate a marketplace globally where the purchasing and selling of unused mobile data and mobile data packages can be possible.
Empowering Data Sharing: The Big Idea
Through its utilization of blockchain technology, Dent strives to increase the efficiency, affordability, transparency, and accessibility of data sharing.
With this, there is potential for the empowerment of users throughout the world to share their data.
How Dent is Changing the Mobile Landscape
Here, we will be looking at some of the ways in which Dent seeks to transform the existing mobile landscape.
Decentralizing Mobile Data
By creating a marketplace that allows anyone to buy and sell mobile data, effectively decentralizing the whole thing, problems more commonly associated with the more centralized options, such as higher fees, slower speeds, etc., may be avoided.
Eliminating Regional Restrictions
By allowing anyone anywhere to sell and buy mobile data, Dent can do away with a lot of the regional restrictions associated with centralized providers, who, while allowing their users to use their mobile data across various borders, charge a premium for doing so, with not many even providing such a service to begin with.
A User-Centric Mobile Marketplace
Dent, through its services, seeks to free its users from regional telco firms’ grips and give anyone the freedom to choose whenever they’re purchasing and using mobile data.
To that end, it has incorporated a user-centric design into its offerings.
The Technology Driving Dent
Let’s now take a brief look at the technology underlying the Dent platform, i.e., the things that get it running and are an integral aspect of its foundation.
Secure Transactions: Trust in the System
Since Dent is based on the blockchain, it implies that any transactions on it have been cryptographically secured and immutable.
So, one can rest assured that their transactions will be permanently, perfectly, and unalterably recorded.
Smart Contracts: Simplifying Processes
Since Dent is based on the Ethereum blockchain, it has access to its smart contracts. It uses these to facilitate and automate all the transactions that take place on its platform, with no intermediaries’ involvement and users being certain of transactional outcomes.
Navigating the Dent Platform
Within this section, we will be discussing some of the things that one may come across when navigating Dent.
Mobile Data Trading: A Unique Offering
This would be where its mobile data marketplace comes into place, which essentially facilitates and decentralizes the trading of data on the platform.
Here, various activities can be conducted, such as user-to-user data exchanges, IDOs (initial data offerings), and P2P (peer-to-peer) data package transfers.
eSIM Technology: Simplifying Global Connectivity
Among the emerging technologies that even allow projects such as Dent to exist is the evolving landscape of SIM (Subscriber Identity Module) technology. There is what’s known as soft SIM and eSIM technology that Dent utilizes.
This untethers users from those physical SIM cards, utilizing electronic or cloud-based models instead.
Understanding the Dent App
Pakistani users may access Dent’s services through either its website or its mobile application. While the web version can be a bit more complex, its mobile application is more intuitive and empowers users to purchase and sell mobile data easily and seamlessly, within a secure environment. Its mobile applications, on their own, have a large user base, with over 14 million verified downloads.
The DENT Token: Fueling the Ecosystem
Let’s now shift our attention towards the thing fueling or powering its entire ecosystem, i.e., Dent’s native token. Here, we’ll discuss its utility, distribution, and how they may be acquired.
How the DENT Token is Utilized
The fundamental way in which the token is being utilized is how it serves as the primary mechanism with which the payments on Dent take place.
In other words, you need the token to buy or sell, or basically make any kind of transaction on its platform.
Token Distribution
From its maximum supply of exactly 100 billion tokens, 70% of it has been set aside for sales, which also accounts for those tokens that were released amidst pre-sale activities, while the remaining 30% has been allocated to rewards, acquisitions, bonuses, and wages.
How can Pakistanis Acquire DENT Tokens
Those who plan on selling may acquire them for their data allocations, while the buyers may grasp them from exchanges like Binance or Bittrex.
Other than that, you have what Dent refers to as the Offer Wall. Here, users can get DENT tokens for free by completing surveys and playing games, among other things.
How can Pakistanis Buy DENT Token on Binance
If what has been mentioned so far has resulted in you wanting to purchase the token, then let’s see how that is done on Binance, possibly the world’s largest and most popular cryptocurrency exchange.
The Signup Process
The sign-up procedure here is as straightforward as it gets. So, if you haven’t created an account already, start by clicking on the link below, which will take you to the registration page using a special Coin-Labs referral code. Once there, fill in all of the fields required of you, such as your email address, password, referral code, etc.
Since 2021, Coin Labs have been assigned a fee discount code from Binance. Thus, if you sign up for Binance through Coin Labs, you can benefit from the fee discount and participate in the bonus event earning up to $500.
Essential Security Measures
Now, once you have created your account, you might want to beef up its security. Binance offers two options for doing that, including 2FA authentication and biometric scanning. Head over to its security page, click on the relevant options, and follow the instructions that Binance will outline to complete these security measures.
Other than that, you should also go through its KYC process. This is so that you can access all of its features without being subject to any form of limit.
So, head over to its verification page, where you will have to enter some personal details surrounding your identity. Once added, you will then be asked to provide some documentation evidence to back that up, which will likely include photos of government-issued IDs, utility bills, bank statements, etc.
Funding Your Binance Account
Once you have properly secured your account and gone through KYC, you can move on to funding your account. So, on Binance’s deposit page, select a token you wish to deposit, and then select any of the networks that support that token. Following that, a deposit address should be generated, which you can then use on an external service, like a wallet or exchange, to make the transfer from there.
Since you’re a Pakistani user, you can also purchase USDT from the P2P network. After acquiring USDT, you may proceed to exchange it for DENT tokens.
Executing Your Purchase
There are numerous options through which you can purchase some DENT tokens. These include spot, futures, P2P trading, etc.
The easiest would probably be simply converting the assets you have deposited on Binance into DENT.
Storing Your DENT
After finally buying those DENT tokens, you can withdraw them through Binance’s withdrawal page and store them in your own wallet.
To do that, on its withdrawal page, select the DENT token, specify the amount you wish to withdraw, select the network, and then paste your wallet’s address into the withdrawal field.
Dent’s Roadmap: Past, Present, and Future
While it has largely completed what it initially set out to do in its earlier roadmap, which covered 2019 to 2020, it appears that it doesn’t have anything on that level of scale planned for this year or the next.
Significant Achievements and Partnerships
Probably its most worthwhile achievement is how they have managed to expand their services to almost 190 countries and have delivered on what they laid out in their roadmap when it launched, releasing important features like eSIMs and various others. And in the process of doing that, it managed to partner up with the likes of Samsung Blockchain, MEF, and more.
Upcoming Features and Innovations
As for its upcoming developments, Dent plans on fixing any bugs associated with a certain feature and then deploying it on the testnet. This feature essentially utilizes NFTs for the storage of voice minutes on-chain.
Conclusion
By incorporating blockchain into telecom, Dent seeks to disrupt or change the sector for the better, where it has steadily unveiled the potential that such an approach can have, in which mobile data services can all be bought and sold via a P2P market. However, Dent still continues to evolve and develop beyond what it initially intended, seeking to become one of the leading eSIM services within the space.
A Guide to Dent for Pakistani Investors Basics
Here are some factors that investors should consider before investing in A Guide to Dent for Pakistani Investors.
Cryptocurrency Features | A Guide to Dent for Pakistani Investors (DENT) |
---|---|
Publisher or Developers | Tero Katajainen, Mikko Linnamäki, Andee Vollmer |
Headquarters (Registration Number) | British Virgin Islands |
Symbol | DENT |
Platform | Ethereum |
Published Date (CMC Registration) | 2024-10-14 |
Max Supply | 100,000,000,000 DENT |
Reliability Score of A Guide to Dent for Pakistani Investors in 2024
These are indexes mesuring the investment reliability of A Guide to Dent for Pakistani Investors conducted by Coin-Labs.com.
Investment Reliability Rating Items | Scores and Current Status |
---|---|
Company Activation Rate | / 10.0 CAR |
Communication Rate | / 10.0 CR |
Technology Transparency Rate | / 10.0 TTR |
Development Participation Rate | / 10.0 DPR |
Listing Status on the World's Top 10 Exchanges | Listed on 5 Exchanges |
Number of Available Pairs Worldwide | 113 Pairs |
Market Cap of the Cryptocurrency | 95,692,480 USD (Rank #360) |
A Guide to Dent for Pakistani Investors Price
Here are the price and recent trading volume of A Guide to Dent for Pakistani Investors. (Data of 2024-10-14 11:24:00)
Price Items | Price and Trading Volume of A Guide to Dent for Pakistani Investors |
---|---|
A Guide to Dent for Pakistani Investors Price | 0.001 USD |
Price Change 24h | -1.33% |
Price Change 7d | -1.78% |
Trading Volume 24h | 2,465,419 USD |
Trading Volume Change 24h | 3.82% |
Cryptocurrency Metadata
You can check the development status and social media information of A Guide to Dent for Pakistani Investors through the links in the table below.
Metadata Source | URL |
---|---|
🌎 Official Website | |
📖 White Paper | |
🛰️ Source Code (GitHub) | |
🎺 Message Board |
Where to Buy A Guide to Dent for Pakistani Investors
Here are the top ten world crypto exchanges where traders can buy A Guide to Dent for Pakistani Investors in 2024.
Top10 Exchanges | Listed Status | Page URL |
---|---|---|
Binance | 상장 | https://www.binance.com/en/trade/DENT_USDT |
Coinbase | 비상장 | |
Kraken | 상장 | https://pro.kraken.com/app/trade/dent-usd |
KuCoin | 상장 | https://www.kucoin.com/trade/DENT-ETH |
Bitfinex | 비상장 | |
OKX | 비상장 | |
Huobi | 비상장 | |
Bitstamp | 비상장 | |
Bybit | 상장 | https://www.bybit.com/trade/usdt/DENTUSDT |
Gate.io | 상장 | https://www.gate.io/trade/DENT_ETH |
Frequently Asked Questions
What is the current price of A Guide to Dent for Pakistani Investors?
A Guide to Dent for Pakistani Investors price today is 0.001 USD. Furthermore, the price of A Guide to Dent for Pakistani Investors has fluctuated by -1.33% from 24 hours ago, and by -1.78% from a week ago.
Where is A Guide to Dent for Pakistani Investors listed?
Currently, it is listed on a total of 5 among the world top 10 exchanges.
What is the market cap of A Guide to Dent for Pakistani Investors now?
Currently, A Guide to Dent for Pakistani Investors has a market cap of 95,692,480 USD, which is ranking 360 among cryptocurrencies worldwide.
How much is the trade volume of A Guide to Dent for Pakistani Investors?
Currently, 100,000,000,000 DENT coins are circulating through 113 market pairs. As a result, in the last 24 hours, 2,465,419 USD of DENT coins were traded in the market.