From where and how the value of Dent Coin is derived ?
Dent tokens value is derived from data demand on the market place which is facilitated by both the Dent consumer app and the Dent Web 2.0 exchange app for Telcos. Imagine Telcos provided with a trading terminal like Bloomberg for trading data.
There are two places from where the value is derived
Dent app facilitates the market place for consumers to trade & buy data
Dent exchange app for Telcos to be able to promote different mobile data plans
Demand for IOT internet of things
The price of Dent has got nothing to do with the price of Bitcoin or Ethereum as the consumers who trade & buy data on their app use FIAT not crypto currency
Think Dent outside of crypto space and Bitcoin/Ethereum as it’s trying to create a mobile market place driven my consumer mobile data not just crypto space alone. We all use mobile data on a daily basis independent of whatever the f**n price of Bitcoin or Ethereum could be. So what value it has in valuing DENT against crypto market except for the value of DENT token traded in the crypto currency exchanges.
Dent value comes and derived from the real consumer facing app and DENT Exchange (web trading app/platform for Telcos to promote data plans). Users buy data using FIAT on the DENT app, so it has real revenue model independent of the crypto space.
If the value of DENT coin is derived just from the crypto space then I agree that the price/value is somewhat connected to BITCOIN price of crypto market cap. After the US Senate hearing on Feb 6, it looks like businesses will be happy to trade utility coins for value, which is a great news for DENT Business model.
Whoever is planing to invest in DENT are actually investing in not just in a crypto coin just like any other ICO coin.
Remember Mobile Data exists and has a market independent of crypto space. So Dent Coin can completely and safely decoupled from Ethereum and Bitcoin dependency for good sake.
Dent is creating 4 disrupting things:
Mobile market place using their DENT Mobile app
- DENT Exchange – web trading app/platform for Telcos to promote data plans
- DENT token traded in crypto exchanges
- IOT (Internet of Things) data – IOT devices can use DENT for data needs
- DENT APP itself in the hands of 500 million users after the Android release
Whatever the price of BITCOIN OR ETHEREUM could be – but DENT is and will be completely operational even if BITCOIN price goes to Zero in value.
Mobile data is not going to go away as long as there is demand, so long does DENT has a utility.
Does BITCOIN price has anything to do with your mobile data consumption? I suspect not. So let’s take the market cap of crypto out of our minds and think DENT in terms of mobile data and the value of it is traded in the crypto exchanges and it has nothing to do with the price of BITCOIN whatsoever.
Think Dent as a commodity- value derived from data demand on the market place- remember Dents value is not derived from price of Bitcoin or Ethereum
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