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DENT marketplace will be the global platform for mobile data and to globalize payments. DENT marketplace will give mobile data consumers a direct way to affect the way telcos price their data. What parts of the Mobile Operator Business will you aim to disrupt? First: We will liberate mobile data help customers to buy, sell or donate mobile data with the click of a button.
We remove borders and create a global mobile data marketplace with fully transparent data prices. We remove restrictions and wastage caused by limited validities. Second, we help operators to serve more customers and utilize their networks better. Operators can easily connect with the DENT platform to serve a global customer base, without the need to establish silo'ed own platforms. In today's telco world, when you as a US customer are - say - in Sydney, Australia watching a video, all that data traffic is routed from the US.
This is obviously not the best economic way and all the data carrier cost, the so-called interconnect cost and the operator margin on-top drives the data price up that you have to pay. We want to short-circuit data access in the most direct way.
Internet access will happen where you are, and the cost will be as cheap as if purchased locally. People are sharing apartments with airbnb, businesses are sharing storage and compute with cloud services, and we for the first time enable sharing of mobile data across any DENT user.
The sharing economy optimizes asset utilization and reduces waste, thus driving down prices for everyone. What are the advantages on using Blockchain in this project? Managing DENT tokens on the Ethereum blockchain gives the marketplace a universal currency for mobile data, instead of having to deal with multiple currencies, both fiat and crypto.
The blockchain creates a good fit for the DENT ecosystem, effectively reducing the effort of designing a decentralized system from scratch. The smart contracts provide a trustworthy way of defining the mobile data packages and the process of buying and selling them, while at the same time keeping the immutable ledger visible to everyone, which is a strong measurement against fraud. All of these benefits come "free" with the adoption of the Ethereum blockchain as part of the DENT infrastructure.
In your concept, you mentioned that IoT devices can automatically purchase data packages from the DENT marketplace, what is the advantage of that? Billions of IoT devices will have mobile connectivity. And when they are running out of data, an automatic re-charge from the DENT marketplace ensures always being connected. This applies to connected machines, such as your connected car, surveillance camera or tracing device.
Whenever any IoT device requires data, it can even automatically re-charge through our open DENT marketplace and thus be always connected. Why are the Mobile Operators not doing this themselves? Mobile operators are working in silos.
Customers are kind of held hostage and cannot easily switch between them. Newer developments point in the right direction, such as with eSIM, the new EU roaming regulation, and mobile data roll-over to the next months.
But really operators need someone like DENT to connect the silos and create a global bridge, so customers can freely buy and sell mobile data. Added benefit is that DENT provides a single platform with a single customer billing relationship that works globally.
How big is the market? The key milestones are The crowdfunding to scale the development team to launch the DENT marketplace, DENT mobile apps on iOS and Android, and to hire the sales, marketing, support and engineering people to get the operations started at a larger scale. Negotiating with telcos on behalf of the community to liberate the user-to-user data transfer and to connect the telcos to the marketplace. Launch domestic telcos on the marketplace. Launch the international DENT marketplace.
How will DENT make money? The actual sale, purchase and donation of transactions enters the Ethereum blockchain, utilizing ETH. The instruments, i. DENT marketplace will drive Ethereum Smart Contracts, effectively making the system a blockchain-based trading platform. The crowdsale will allow participants to purchase DENT with a low starting price, before it becomes used in the marketplace.
As the marketplace becomes a de-facto place for trading mobile data bandwidth, it will also become the principal method for determining the floating price of mobile data worldwide. Telcos, market participants and end-users will all interact in a true market driven way to determine the current price.
Eventually this will lead to increased competition, providing new packages to the marketplace and further enable the DENT marketplace to become the dominant force in the mobile data space, utilizing the DENT currency. The revenue of DENT marketplace will come from transaction fees via spread and commissions. We will be establishing the DENT Token for these transactions, and our goal is to give mobile operators, consumers, enterprises and other market participants easy tools to compete and run their mobile data needs in the new open world.
Currently, data prices vary greatly between different regions of the world, between operators within one country, between night and day, and - above all - it really is not transparent to the user. You can mathematically calculate a global average price per GB, by dividing the global revenue from mobile data by the global data traffic. To make it even worse, this price reflects the actually achieved price that is achieved by the telcos, which is higher than what you think you pay, when you buy a data package.
However, as we all know, typically quite some data remains unused and is thus wasted. We at DENT feel this is far too expensive, and aim to liberalize mobile data to make it much more affordable for everyone. Pi Network PI is the newest digital token to catch the cryptocurrency community's interest, even before it has wholly debuted. Some users see it as a chance to get engaged in a cryptocurrency from the beginning and profit in the future, similar to how early Bitcoin adopters made huge profits by mining and keeping the coin.
Other users have compared Pi to a worthless multi-level marketing MLM scheme. What Is Virtual Currency? Virtual currency is a type of uncontrolled digital currency that can only be used online. It is exclusively stored and transacted using designated software, mobile or computer applications, or unique digital wallets, and all transactions are conducted through secure, dedicated networks. Because digital currency is just currency issued by a bank in digital form, virtual currency is not the same as a digital currency.
Virtual currency, unlike ordinary money, is based on a trust structure and cannot be issued by a central bank or other banking regulatory organization. A cryptocurrency is a digital currency that is secured by the process of cryptography, making counterfeiting and double-spending almost impossible to happen.
Blockchain technology is used to produce cryptocurrencies a distributed ledger enforced by a distributed network of computers. Cryptocurrencies are distinct in that a centralized authority does not issue them. Litecoin has an 84 million coin limit and a Miners will find that mining Litecoin is faster than mining any other cryptocurrency because the average time to mine a Litecoin is under two minutes.
Because of its increasing popularity, Litecoin is the best of all the altcoins. Many altcoins are flourishing to invest in. Some cryptocurrencies with great potential are Ether, Ripple, Tron, and more. Investors are trying to diversify their portfolios and are flocking to the leading cryptocurrencies.
Many growing businesses are already accepting cryptocurrency as acceptable payment methods. Is Cryptocurrency Banned In India? No, cryptocurrency is not banned in India. India has seen its ups and downs in the crypto sector concerning its legal status. The Reserve Bank of India RBI issued a circular in April advising all organizations under its jurisdiction not to trade in virtual currencies or provide services to assist anyone in dealing with or settling them.
A government committee proposed outlawing all private cryptocurrencies in mid, with up to ten years in prison and severe penalties for anyone dealing in digital currency. The Supreme Court overruled the RBI's circular in March , allowing banks to undertake cryptocurrency transactions from dealers and exchanges.
What Is Crypto? Crypto or a cryptocurrency is a digital currency protected by cryptography, making counterfeiting and double-spending nearly impossible. Cryptocurrencies are distinct in that a government does not issue them. The word "cryptocurrency" refers to the encryption methods employed to keep digital currencies and the network secure. Is Crypto Legal In India? Cryptocurrencies are legal in India, and anyone can purchase, sell, and exchange them.
It is currently uncontrolled, as India lacks a regulatory structure to oversee its operations. In cases where a person receiving the gains is an Indian tax resident, or the cryptocurrency is regarded as domiciled in India, cryptocurrency transactions have been taxable in India How Many Cryptocurrencies Are There? There are over other digital currencies available on the internet in addition to Bitcoins. The only problem is that they haven't gotten the users' attention. Besides Bitcoins, a few other digital currencies have gained popularity among users.
It's been more than ten years since Bitcoins were first released, and now they've achieved new heights thanks to their phenomenal success. There are two ways of investing in cryptocurrency, mining and via exchanges. Cryptocurrency mining is the process of verifying and adding transactions between users to the blockchain public ledger.
Purchasing cryptocurrency in India is a straightforward procedure where investors simply participate by registering with a crypto exchange such as WazirX. After registering for an account, citizens can trade multiple cryptocurrencies, store cryptocurrency in wallets, and more. How Cryptocurrency Works? Cryptocurrencies use cryptography technology to keep transactions and their units tokens secure.
Cryptocurrency works via a technology called the blockchain. A blockchain is a decentralized technology that handles and records transactions across numerous computers. The security of this technology is part of its value. How To Invest In Cryptocurrency?
Cryptocurrency mining is considered the procedure of verifying and adding transactions to the blockchain public ledger. Another option is via cryptocurrency exchanges. Exchanges generate money by collecting transaction fees, but there are alternative websites where you can interact directly with other users who want to trade cryptocurrencies.
Is Mining Cryptocurrency Legal?
| Bitcoin maximalist | To make it even worse, this price reflects the actually achieved price that is achieved by the telcos, which is higher than what you think you pay, when you buy a data package. Cryptocurrency exchanges are another option. Litecoin has an 84 million coin limit and a Cryptocurrency mining is the process of verifying and adding transactions between users to the blockchain public ledger. How To Invest In Cryptocurrency? What parts of the Mobile Operator Business will you aim to disrupt? |
| Bitcoin mining what does it mean | DENT marketplace will be the global platform for mobile data and to globalize payments. Adding more countries and more operators for the mobile data offeringFor the mobile data offering, DENT will launch India, Brazil, Korea and other key markets to grow the user base significantly in Launch the international DENT marketplace. And when they are running out of data, an automatic re-charge from the DENT marketplace ensures always being connected. We remove borders and create a global mobile data marketplace with fully transparent data prices. |
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