Mobile Data Liberation – DENT aims to turn unused $4.8 Billion USD per month into usage

What is The DENT ?

DENT Wireless Limited has announced its intent to disrupt the world’s telco market by creating the first Mobile Data Exchange. DENT plans to liberate mobile data by enabling anyone to buy, sell and donate data through the Ethereum blockchain using a new universal currency for data markets, the DENT Token. 

Mobile data is becoming one of the most important commodities for the people. At DENT we want to enable anyone with unused mobile data to trade it through a secure decentralized exchange in return for cryptocurrency tokens. The over-the-top DENT Exchange will enable users to connect to one another in peer to peer fashion across a blockchain-based trading platform to buy, sell and even donate their unused mobile data allowances.

Why is Mobile data is the next commodity to be liberated ?

Mobile data access is becoming an essential human need, as much as hot water and electricity. However, according to GSMA, in 2016 still less than half of the world’s population uses mobile data. For data users, usage vary vastly across geographies, which shows the huge potential to be unlocked. Reasons are, besides network availability and handset affordability, the perceived high cost of data, which varies from below 1 USD / GB to well above 10 USD / GB between operators and regions for domestic usage. Furthermore, operators are locking-in customers with rigid data offerings that are made to expire when unused within a given time, which lead to even higher prices / GB that customers effectively pay. As a consequence of the customer lock-in, data usage abroad can become prohibitively expensive with prices / GB in the hundreds or thousands of USD. All this generates billions of dollars profit for operators but inhibits unlocking the full potential of mobile data.

"We want users to own their mobile data and bandwidth. They need to be able to freely sell or donate unused data to other users. World-wide."

Three Disruption Megatrends on Mobile Operator Business that DENT is addressing :

1. Liberation of Mobile Data. DENT enables a “Data Sharing Economy” where users are able to freely buy, sell and donate their mobile data, from any user to any user. The DENT Exchange acts as horizontal marketplace for trading of mobile data. The DENT Token will be the world-wide currency for Mobile Data between telcos and the user community.
2. Disruption of international Roaming. DENT facilitates the removal of data roaming cost drivers, such as expensive routings between telcos. For example, with local data break-out, the foreign. telco terminates the user traffic directly to the internet, instead of routing the pay-load to the home telco.
3. Facilitation of mobile data purchase. DENT enables automated purchase capability of data packages for consumers and IoT devices. The user always gets the best price from the most suitable operator in his region, without having to worry about buying too much or too little data. Operators can easily connect with the DENT platform to serve a global customer base, without the need to establish silo'ed own platforms.

DENT driven liberation of the mobile data market towards an open marketplace.

DENT will be the global exchange for mobile data where - in the final scale - the world’s mobile data is sold, bought or donated, just like other commodities such as currencies are traded today. DENT will make data pricing transparent, and through automated bidding increases efficiency of purchase, just like spot markets and mobile advertising today. DENT Tokens will be the global currency for the exchange of mobile data packages. The possibility of exchanging a package to a more suitable one, especially in the advent of eSIMs will allow the use of multiple operators on a single phone will drive telcos to compete.

Mobile Data Liberation - DENT aims to turn unused $4.8 Billion USD per month into usage

According to a recent study of CISCO, the world-wide mobile data grew year on year 63% to 7.2 billion Gigabytes per month in December 2016. According to a study of Parks Associates, mobile operator data revenues stood at $386 billion USD in 2015, equivalent to $32 billion USD per month. Assuming just 15% to be unused due to expiry, in a way users lost a value of $4.8 billion USD. In a more transparent and connected market, this value shall be unlocked to drive mobile data usage.

Lay Person comparison to gasoline

The gasoline market is also controlled by a few companies, but if you buy 100 liters of gasoline, you can use the gasoline as you want or pass it on as you like. This is unlike mobile data today, where you cannot give your unused capacity to someone else. Some roll-over or pooling has been introduced but these remain islands and – in the case of data roll-over, data will still expire if not used in the following month.

DENT gathers mobile operators’ users into a collective group with billion dollar buying power, giving targeted global partnerships sufficient weight

The most valuable asset for the mobile operators is you, the customer. The value of a customer is determined by his average spend per month (ARPU), how long he stays with an operator (the inverse of what is called “churn rate”), and the customer acquisition and retention cost. Taking global averages of about 10 USD per month blended ARPU, a 25% annual churn rate, and customer acquisition and retention cost of 20% of operator service revenues, the lifetime value of a customer is approx. $460 USD. No operator wants to risk losing this value.

Our strategy to liberating the data market starts with you, and ensures sufficient negotiation power with the telcos

• We invite and unite users in the DENT community
• The DENT community represents a “union” of telco customers, which leverages its collective power to liberalize mobile data
• The DENT team represents the DENT community in partnership negotiations with the telcos
• Assuming a start with even just a few million customers, the DENT community represents a collective buying power of $460 USD per user, reaching hundreds of million USD at stake for a telco
• Telcos will want to secure and grow this value, rather than handing it off to a more open and innovative peer players

The world-wide currency for mobile data exchange – The DENT Token

The currency used in trading, the DENT Token, is what powers the platform. The actual sale, purchase and donation of data packages enters the Ethereum blockchain, utilizing ETH. The instruments, i.e. data packages, will be Smart Contracts in the Ethereum blockchain. DENT Exchange 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 exchange.

Should the exchange become a de-facto place for trading mobile data bandwidth, it would then 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 exchange and further enable the DENT Exchange to become the dominant force in the mobile data space, utilizing the DENT currency.

What can users do with the DENT Tokens?

• When the DENT Exchange is live, users will be able to use DENT Tokens to buy and sell data on an international marketplace.
• In the build-up phase, users obtain DENT Tokens to participate in the DENT community to use the collective power together with fellow mobile users to demand data liberation and changes in the way the telcos do business with mobile data.
• DENT Tokens can be acquired at the crowdsale or later from marketplaces.
• The DENT mobile app serves as the central interface for users to buy, sell or donate mobile data packages. Mobile app downloads are being incentivized with DENT Tokens.

The Dent Mobile App

DENT for developing markets – "Gigabytes for Africa"

DENT aims for donations of unused mobile data to the ones that need it

DENT wants to help the developing world by providing access to mobile data. Data packages may be donated through the exchange by the users. We will look for strategic partnerships with operators enabling access to information in rural areas.

In The Sustainable Development Goal 9’ of the United Nations, the UN calls for building resilient infrastructure, promoting inclusive and sustainable industrialization and fostering innovation.

Mobile data is specifically mentioned as a key component in these goals:

"Infrastructure and economic development also rely on information and communications technology. Mobile cellular services have spread rapidly around the world, allowing people in previously unconnected areas to join the global information society. By 2015, the percentage of the population living in areas covered by mobile broadband networks stood at 69 per cent globally. In rural areas, the share was only 29 per cent."

The DENT Token Sale details

• Estimated token value in ETH offered in this token sale: 152,000 ETH (subject to variations through the crowdsale)
• 100 Billion (100,000,000,000) total DENT Tokens created, of which 70% are sold in the token sale (presale + public token sale).

The Company will conduct a public sale of Tokens (the "Crowdsale"), which will begin at 21:00 HKT (13:00 UTC) on July 12, 2017 (the "Crowdsale Launch Date") and end at 06:59 HKT (22:59 UTC, July 26) on July 27, 2017 (the "Crowdsale End Date") or when 70,000,000,000 DENT ("DENT") Tokens has been sold, whichever is earlier.

• Exchange Rate: 1ETH = 400,000 DENT*
• Token Type: Apps token to purchase and sell mobile data packages 30% of DENT tokens remain at the Company for telco acquisition and market seeding, user incentives, salaries and bonuses.
• Any Tokens that remain unsold at the crowdsale end date (26 July 2017), will be added to the Company Inventory and will remain in a locked state for at least six months from the crowdsale end date. 25% of the total amount of the unsold tokens will be released from the lock up quarterly, first time at the date of 6 months after the crowdsale end date.
• The Company will pledge 1 Billion, or 1% of the DENT Tokens to further the
• UN SDG program for the purpose of enabling mobile data access in developing countries

Bonus Tiers: DENT Bonus tiers allocate bonus tokens to buyers as per the following schedule based on sold volume in ETH :

• Tier 1: Up to 45,000 ETH: 10% tokens as a bonus
• Tier 2: From 45,000 ETH and up to 90,000 ETH: 5% tokens as a bonus
• Tier 3: From 90,000 ETH: No bonus Tokens
• No tokens will ever be added to the supply.
• Founders will not take any DENT Tokens off the table.

* The conversion rate ETH/ DENT will change during the crowdsale due to the bonus discounts. This price is without any discounts.

Timeline of the DENT Token sale :

Why Mobile Roaming up for disruption and the role of DENT ?

• Drivers for the high – and sometimes incredibly high – retail prices for roaming customers are interconnect costs, data carrier fees, margin to the home operator and others
• Total costs could be reduced by terminating the customer’s data traffic directly into the internet, rather than routing it back to the home operator, as well as by reducing the expected margin and by otherwise smart data traffic management (caching etc.)
• Local break-out for data traffic is not employed today. Reasons are multi-fold, such as

1. Economic considerations of local retail vs. international wholesale prices Existing bi- and   multilateral roaming agreements, which are further complicated by the balance of in- and           out-roaming customers, which are also optimized by traffic steering into different roaming         networks
2. Lacking billing relationship of the local provider with the in-roaming customer
3. Overall traffic steering considerations, e.g. cashing of local content
4. Standard practise to avoid direct customer (marketing) communication to foreign in roaming     customers
5. In case of pure data local break-out, the customer would not be reachable on GSMA voice         and SMS
6. For first-time network connect, the customer has to manually select the right operator for           local break-out (unless it happens to be the home operator pre defined preferred network).

DENT is set to provide the platform to overcome those challenges

• Data pricing will be at local level, through the transparent DENT marketplace

1. No complex roaming agreements need to be considered
2. Billing relationship is already established between the global DENT user base and the DENT platform, which will be made available to all operator partners
3. All customers of the DENT community will have the DENT mobile app, so communication will be targeted and direct to customer, rather than sending old style SMS
4. Voice services can be provided through IP services, such as WhatsApp, Skype, or an own DENT communication platform; in addition, DENT can provide circuit switched routing services to be always reachable
5. DENT mobile app will also give an easy to use access to the right roaming network for local breakout.

• There are further opportunities to disrupt the roaming market and provide a global service, such as by leveraging an own MVNO or by partnering with innovative service providers.

Architecture Overview

The DENT Exchange is a mix of current state-of-the-art technologies. The trading side of it is familiar from Stocks, Forex, etc., while the connectivity between DENT Exchange and telcos resembles that of a virtual operator. The technological challenges there are well known and defined.

Component Overview

DENT Web-app

The DENT Web-app allows market participants to view quote feeds, see the order book and market depth, place buy/sell orders, review portfolio, order history, etc. It is analogous to FOREX trading terminals such as MetaTrader.

Dent Exchange

DENT Exchange contains the trading instrument repository (mobile data packages), manages the market participants and their portfolios, distributes price data feeds to trading terminals, calculates the spreads in the bid/offer prices, executes and manages orders, etc. As such it is a usual trading platform.

1.  Instrument Repository

The repository contains information of the data packages available at DENT Exchange, such as a 1GB package from a telco with a certain expiry. The information is the metadata not stored in the blockchain. Each instrument references a smart contract in the Ethereum.

2.  Price Data

Price data, including real-time bid & offer order book, is stored in a high speed cache and fed back to the webapp and mobile apps. The data includes last closed trade price, current highest bid and lowest offer and may contain trade volume and order book depth data. Historical price data is available for the 1m, 5m, 15m, 30m, 1h and 4h periods.

3.  Portfolio Management

A trader in the exchange will have a portfolio of packages owned . Portfolio management takes care of updating the portfolio according to executed trades and keeps the trade history.

4.  Market Maker Algorithms

Market maker algorithms manage the final offer and bid prices for packages, managing the price spread and controlling the market supply with the parameters set at theInitial Data Offering.

5.  Order Management

Order management takes care of the acceptance of bids and offers from the traders in the Exchange, including risk management together with the portfolio management. It feeds the incoming orders into the market maker algorithms for final placement in the order book.

Technology DENT Exchange use cases & workflows

• User-to-user data package transactions

User-to-user transactions involve one user placing an offer in the DENT Exchange and another one placing a bid respectively. In the case the selling parties mobile data package plan is to be split, the telco of the selling party will need to clear and lock the offer first. The buying party will lock the purchase funds in the DENT Exchange Parachain, after which the order enters the books.

Upon fulfilment, the main smart contract in Ethereum is triggered and revenue share occurs according to the rules set at IDO (Initial Data Offering). After fund transfers DENT Exchange coordinates the possible splitting or cancelling of the data package from the selling party and activates the acquired package for the buying party.

Telco data roaming, data package transfer from user to user internationally

In a roaming case a customer wants to visit the network of another telco. The telco servicing the customer will get the request and arrange for an offer to be placed in the DENT Exchange. Similar to the user-to-user case, the offer will eventually match with a bid and the order will be fulfilled. DENT Exchange will again coordinate the activation of the acquired package.

DENT Exchange Initial Data Offering (IDO) for telcos

The instrument traded in the DENT Exchange will enter the market via an Initial Data Offering. Operators and wholesalers of mobile data packages will define the instruments, such as US Sprint 20G packages, and offer them to a group of traders in the DENT Exchange. The size of the initial offering will be set by the provider of the mobile data package and DENT Mobile.

DENT Mobile will handle the IDOs, as well as act as a virtual operator, providing depth to the market with their own data package offerings. Any proceeds as well as eventual profit from the virtual provider business will be revenue for DENT Wireless.

The DENT Wireless Team :

The DENT Team is a unique combination of serial entrepreneurs, industry veterans, specialists in Ethereum smart contracts, open-source applications, payment systems, mobile apps and secure large-scale transaction systems.

For more information, please visit our official website below :

Website       : https://www.dentcoin.com/

Whitepaper : https://www.dentcoin.com/whitepaper

Thread Bitcointalk : https://bitcointalk.org/index.php?topic=1974825.0

Twitter        : https://twitter.com/dentcoin

Facebook    : https://www.facebook.com/dentcoin

Slack           : https://dentcoin.herokuapp.com/

Telegram     : https://t.me/dentcoin

Bitcointalk Username     : Temoen_1q

bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1697561

ETH / Ethereum Address   : 0x928CE2ecB8df8Cc12898F64859F12CFc4503238C