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When was DENT coin issued? Learn about the origin of DENT coin in one article
DENT coin, a decentralized cryptocurrency launched in 2018, empowers users to buy, sell, and trade mobile data securely and conveniently.
Oct 27, 2024 at 04:46 am
1. Concept of DENT Coin
DENT coin is a decentralized, blockchain-based cryptocurrency designed to empower mobile data sharing and monetization. Launched in 2017, DENT aims to disrupt the telecommunications industry by providing a decentralized marketplace where users can buy, sell, and trade mobile data securely and conveniently.
2. Origin of DENT Coin
The idea behind DENT coin was conceived in 2016 by founders Mikko Linnamaki, Tero Katajainen, and Andreas Segerbro. Recognizing the growing demand for mobile data and the limitations of traditional data plans, they envisioned a platform where users could access affordable and flexible mobile data on a global scale.
3. Precursor to DENT Coin: ERC-20 Token
In May 2017, the DENT team launched an ERC-20 token on the Ethereum blockchain. The ERC-20 token served as an interim solution, providing users with initial access to the platform's services while the native DENT coin was under development.
4. Mainnet Launch of DENT Coin
On June 15, 2018, DENT officially launched its mainnet and swapped the ERC-20 token for the native DENT coin. The mainnet launch marked the beginning of a fully decentralized platform where users could participate in the governance and utilization of DENT coin.
5. Tokenomics and Blockchain Compatibility
DENT coin has a maximum supply of 100 billion tokens. The DENT blockchain is compatible with both the Ethereum Virtual Machine (EVM) and the Binance Smart Chain (BSC). This compatibility allows for seamless integration with various decentralized applications (dApps) and cross-chain operability.
6. Use Cases and Future Development
DENT coin enables a wide range of use cases, including mobile data sharing, decentralized eSIM management, and data marketplace services. The platform's future development plans involve expanding its partnerships, enhancing the user experience, and exploring new applications for DENT coin.
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