The future of the world is digitized. Economies are moving towards digitization and digital currencies may very well overtake the current fiat currencies soon. However, there are roadblocks in the journey to digitization, particularly in the form of a lack of infrastructure – especially in the developing world. Dent is a marketplace for data. It is aimed at providing an alternative to centralized internet providers. In this guide, we delve more into what Dent is and what its future looks like.
What is Dent?
Dent was founded by Tero Katajainen in 2017. The network is backed by Dent Wireless Limited. It is designed to make mobile data more efficient. Users oftentimes underuse or overuse their mobile data. The unused data goes back to the service providers even after the user has paid for it. The marketplace allows the unused data to be monetized and used more efficiently.
Dent is a platform built on Ethereum’s blockchain. It operates with a native token by the same name, DENT, which is an ERC-20 token. Its goal is to liberate mobile data and make it more accessible through affordability. It is essentially a marketplace which connects users with unused data and those in need of cheap mobile data. Mobile data packages operate as smart contracts on the platform.
It facilitates the monetization of unused mobile data through its mobile application. Dent’s application is available for both Android and iOS users and currently has over 7 million users. It also has a web-based application and an exchange. Dent’s exchange allows users to find the best data deals in their vicinity.
By creating a peer-to-peer marketplace for data, the network cuts out intermediaries that charge exorbitant amounts for data roaming. Moreover, it also creates an inclusive data sharing network where buyers and sellers trade through its native token.
Future outlook of the cryptocurrency
Dent has a unique offering and strong fundamnetals which positions it at a good rank in the cryptocurrency market. The development team is also highly active and upgrades are rolled out consistently. Recently the team upgraded the Android application to Marketplace 2.0 which is designed to enhance user experience.
At the time of writing the cryptocurrency stands at a price level of $0.0041. The price of Dent has been trending upwards with a 6% increase in the past twenty-four hours. According to the estimates of Wallet Investor, the cryptocurrency is expected to be trading hands at $0.0079 in a year’s time while the five-year projection places Dent at $0.022. Digital Coin Price is also bullish on the cryptocurrency. Their projections place the coin at a year-ending price of $0.006. The price is expected to climb towards $0.014 by 2026.
