What is the issuance and circulation of DENT coins?

The Dent platform's DENT coins, initially issued in July 2017, facilitate mobile data transactions with a current circulation of approximately 94.5 billion tokens, primarily used in exchange for data packages on the platform.

Nov 06, 2024 at 01:24 am

Issuance and Circulation of DENT Coins

Dent is a blockchain-based platform that provides users with the ability to buy, sell, and send mobile data. The platform's native currency, DENT, is used to facilitate these transactions. The issuance and circulation of DENT coins are essential to the functioning of the platform.

Issuance

The initial issuance of DENT coins occurred in July 2017, when 100 billion tokens were created. Of these tokens, 59% were sold via a public token sale, while the remaining 41% were retained by the Dent Foundation.

Circulation

As of December 2022, there are approximately 94.5 billion DENT coins in circulation. The distribution of these tokens is as follows:

59% in public circulation
23% held by Dent Foundation
12% held by the team
6% reserved for marketing and development

Use Cases

DENT coins are primarily used to purchase mobile data on the Dent platform. Users can exchange DENT for data packages from over 500 mobile operators in over 140 countries. The platform also allows users to transfer DENT directly to other users.

Price History

The price of DENT has fluctuated significantly since its launch in 2017. The coin's highest price to date was $0.0103, which it reached in January 2018. However, the price of DENT has since declined, and as of December 2022, it is trading at around $0.0006.

Market Capitalization

The market capitalization of DENT is approximately $56.7 million as of December 2022. This makes DENT a relatively small cryptocurrency, but it still ranks among the top 500 cryptocurrencies by market capitalization.

Conclusion

The issuance and circulation of DENT coins are essential to the functioning of the Dent platform. The platform's native currency is used to facilitate the purchase, sale, and transfer of mobile data. The price of DENT has fluctuated significantly since its launch in 2017, but it remains a relatively small cryptocurrency by market capitalization.

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