purchase on our DENT App is operated on-chain, powered by the DENT Token.”
Do I understand this correctly?
If other ‘operators’ join DentNet, they won’t use Dent token… ? So DENT will only be used by the Dent Wireless customers, who buy data with DENT (which are expensive data packages)… and in future other operators will sell directly with their own token on the DentNetwork…? Not using DENT at all?
DENT is the currency for data
Yes for “Dent Wireless as the first operator” but it sounds like other operators can join DentNet and then it won’t be needed to use DENT as their token…
DENT is the basic unit to trade over dentnent got it?
Read this again: “DENT Wireless is the first operator running on DENTNet. Every purchase on our DENT App is operated on-chain, powered by the DENT Token.” DENT is for Dent Wireless (as an operator). Now lets say another Telco operator like LIME joins DENTNet, that does not mean that DENT will be used to purchase data by LIME. Lime can have their own app that is powered by their own LIME token operating on DENTNet… Do you see how that sounds..It is not clear that DENT will be used to purchase data by new operators running on Dentnet.
Don't think operators will be using DENT.
you do know that with DENTnet now they are able to tokenize their telco?
Please feel free to dm me if someone can explain this to me
https://docs.dentnet.io/dentnet-documentation
That is what is unclear…
He just answered! Other telco can tokenize their own set of coin!
This does not show anywhere. Are you telling us they can tokenise their own? And thus NOT use DENT for data purchases?
vodaphoneinu/DENTx
This is bad for DENT holders as Dent wireless data packages are not price competitive. DentNet is a platform for other telcos to tokenise to sell their data on Dentnet so they can get gas fees with DENTX. Totally sold out the DENT holders
All theoretically here. DENT token is here and working. Telcos can adopt it. With DENTNet we CAN also offer other things later. I never discussed with any telco an own coin. That's nothing they are looking for. Tokenising mobile data with DENT token is unique. Why create you own token.
Take a step away from the keyboard Bill. 8 hours of reading you will catch up.
Dentnet facilitates cross border trading between telcos. DENT remains central currency for DATA. All telcos can create their own token pair with dentx but the baackend is paid in dent
VP just said telcos can tokenise their own coins on DENTNet… doesn’t seem like you’re all caught up…
And the trading pair is....?
DENT… not DENTx ?
But when dentx is also avail on exchanges than why they paid in dent(I have doubt)
DENT Token The DENT token is the core of the DENT Wireless’ mobile data ecosystem. DENTNet will support the DENT token to buy and sell telecommunication assets such as mobile data or voice minutes. The DENT token can be moved from Ethereum to DENTNet and vice versa. https://docs.dentnet.io/dentnet-documentation/overview/advanced-concepts/dent-token
Brother it is same like pairing that If I want to buy in USD then on the backend it will be converted in DENT as a core currency payment.
Then I was wrong and thought DENT’s utility will be diminished if they could just directly pair it with Dentx. I’m glad I got it wrong… Then the future is still bright for the DENT token 💪💪🎉
you cannot buy any assets with DentX.
Yes think of all the USDT or BTC pairs on binance for instance. Any who join dentnet with their token, same thing
Exactly now you got it.
@thomas7646 is this true ?
Telco are not keen to launch tokens. Don't see a real case in the future. At least not in the next 2-3 years.
it paves the way yes
But now we know, if they do, it is paired with DENT.
Asset like voice minus,data
Yes. DentX is used to pay gas fees, stake, get rewards, sell it on an exchange maybe. But, Dent is what buys voice minutes and data or anything else tokenised on DentNet
To run operations on DENTNet, telcos need DENTX (to pay gas fee). To sell their assets, like mobile data, they get DENT token in return as users buy with DENT token. If users buy with Fiat, our onramp buys DENT token for this fiat, gives users the DENT to their account and starts the transaction on DENTNet (DENT <> Telco Asset).
We will always have first mover advantage... we have the platform, the users and the vision. Everyone else will be lagging behind.
Boss, we really need this golden check mark on Twitter... Dent deserves it 👀
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