Published on Feb 21, 2020
DENT Wireless is a company with a mission to tokenize, liberate, and democratize one the most important commodities in our time: mobile data and bandwidth. We are developing mobile apps and a marketplace using Blockchain technology for buying and selling of mobile data packages, which can be direct telco products, or originating from users that sell unused mobile data packages to each other.
The iOS Version is planned to be released in December 2017 and the Android version shortly thereafter.
The app will allow sending of data to any of the mobile operators that we are connected to.
What Operators is DENT connected to?
USA: AT&T, Verizon
India: Airtel
Brazil: Vivo, Claro
Mexico: America Movil ,Telefonica
PLDT Hong Kong(Pilot project)
Mobile data access today is for many people as valuable as hot water or electricity. When we don’t have Internet access, we fear that we are missing out. However, access to mobile data and bandwidth is controlled by just a few companies in every country. The mobile operators keep the supply restricted and the prices high. Unused data allowances are made to expire every month and that creates billions of dollars of profits for the operators at the expense of the user.
We want to liberate mobile data and bandwidth, users need to be able to freely remit or donate data to other users. World-wide.
To make this change, the telco market needs an overarching marketplace, which will give users and telcos alike the tools to disrupt the current business model by themselves, for their own benefit as they'll profit from repeat sales of data allowances. DENT marketplace will be the global platform for mobile data and to globalize payments.
As our long term goal, DENT is aimed to be the global marketplace for mobile data, where in the best case scenario all the world’s mobile data would be sold and bought and even donated via DENT marketplace, similarly to other commodities like international currencies are traded today. DENT marketplace will give mobile data consumers a direct way to affect the way telcos price their data.
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.
The currency used on the marketplace, the DENT Token, is what powers the platform. The actual sale, purchase and donation of transactions enters the Ethereum blockchain, utilizing ETH. The instruments, i.e. data packages, will be Smart Contracts in the Ethereum blockchain. 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.
