Good evening,
Disclaimer: This is no paid content, nor am I in any way related with the project, nor do I have any sort of contact to the team.
What is DENT Wireless?
DENT Wireless is creating a world-wide mobile data marketplace.
A great example to understand the use of DENT:
Mike is a customer of a US carrier, he owns 2,000 DENT tokens. As he lands in Australia, he accesses the DENT marketplace at the airport though Wi-Fi and buys the mobile data he needs. This data could, for example, have been offered by Jane, who is a customer of an Australian carrier. Mike needs no extra agreements with any carrier, no SIM card changes, he just starts to use his phone on the Australian network. Jane is happy to earn DENTs and will spend them on her next trip to Europe during her summer holidays. Mike’s US carrier earns transaction fees, and Jane’s Australian carrier has increased his utilization against his respective cost share.
According to a recent study of CISCO, the world-wide mobile data grew year on year 65% to 7.2 billion Gigabytes per month in December 2016. Assuming just 15% to be unused due to expiry, in a way users lost a value of $4.8 billion USD.
Product:
The DENT Exchange is a mix of current state-of-the-art technologies. The trading side of it is familiar from Stocks, Forex, etc., while the connectivity between DENT Exchange and telcos that of a virtual operator. The technological challenges there are well known and defined. The DENT token is the currency that powers the DENT exchange. The purchase, sale and donation of mobile data packages is handled by the Ethereum blockchain.
DENT exchange contains the trading instrument repository (mobile data packages), manages the market participants and their portfolios, distributes price data feeds to trading terminals, calculates the spreads in the bid/offer prices, executes and manages orders, etc.
- The DENT Application is already on rank 12 of the Google Play Story in the category "Productivity apps" in Mexico.
- Over 1 million Megabytes of mobile data have been delivered using the DENT tokens
Markets:
The DENT token is currently traded on
- KuCoin
- OKEx
- Coinrail
- Fatbtc
- Qryptos
- Lykke Exchange
- Radar Relay
- Cobinhood
As of the 13th of May 2018, the 24h trading volume is around $3.100.000 USD.
Token:
- 100 Billion (100,000,000,000) total DENT tokens are created
- 10,614,760,961 DENT are currently circulating
- ICO's exchange rate was: 1 ETH = 400,000 DENT
- Ethereum ERC20 token
Roadmap / Key Points for 2018
01: Launching Android App in Q1 2018 with feature parity with the iOS App
Adding the Android app after launching the iOS app in December 2017 is the key scaling factor of the DENT business. As our goal is to provide the easiest way to buy and remit data , we need to target the market with the most prepaid phones: The developing world with billions of prepaid users. As Android is 90%+ on those markets, the upcoming version is key for scaling.
02: Earning DENT tokens or data rewards when watching ads will incentivize users to engage with the app more
Data rewards and sponsoring will make it easy for users to "earn" data while they are watching ads on the DENT apps. An example: Nike will pay the user 100MB as a reward for watching their new advertising campaign. Directly after the video has been watched, the user receives an SMS which confirms the topup of 100MB to his phone account. In this case, Nike will also pay DENT a fee for publishing the content. Also, for ads that dont have data reward associated to them, DENT Wireless can grant DENT tokens to the user for app installations or clicks, registrations on the advertiser's site etc. DENT Wireless will receive a payment from the advertiser ans gives part of it back to the user.
03: Adding world-wide prepaid SIM card top-ups to DENT offering to fully cover the need of prepaid customers
DENT Wireless is currently examining the possibility to top-up pre-paid SIM cards and to enable the user to pay with DENT. This way, a user can remit for example $10 value to his relatives in another country and pay with DENT. Easy user experience will be key for this.
Our target is to make DENT app the only thing that the users need on their phone, regardless if they need data, minutes, SMS or other credits. We are currently working on agreements to cover hundreds of mobile operators world-wide.
04: Adding more countries and more operators for the mobile data offering
For the mobile data offering, DENT will launch India, Brazil, Korea and other key markets to grow the user base significantly in 2018.
05: Target: 1 Million registered users in mid 2018, DENT becoming one of the most used blockchain applications counted by the number of users
DENT is targeting to reach the first 1 million registered customers mid 2018, and grow rapidly from there to tens of millions in 2019. Our target is to make DENT one of the most used blockchain applications in the world, counted by the user number.
06: Launching DENT Exchange Webapp to open up trading in Q2 2018
DENT Exchange trading desk on the Web will be the first version of the data trading platform, which will enable selling and buying of data packages purchased with DENT.
07: Strategic negotiations with Telcos for close cooperations ongoing thru 2018
To enable the selling of the unused data for the users in our mid-and long term roadmap, DENT team will continue to negotiate deals with telcos, and is targeting to launch pilot projects with "attack telcos" in late 2018. The DENT team is also negotiating with market participants and plans to pilot the automatic data purchase features and ideas for IoT devices, where DENT Exchange could be used as a spot market trading desk for IoT data. Discussions with Telcos about how to disrupt roaming are also ongoing thru 2018.
