Purchase Dent (DENT) with Egyptian pound (EGP) easily at Switchere and benefit from fast, secure transactions.
Dent (DENT) is a pioneering digital asset project leveraging blockchain technology to create a decentralized global marketplace for mobile data. Its primary objective is to disrupt the traditional telecommunications industry by enabling a peer-to-peer network where users can buy, sell, and donate their unused telco assets. Operating as an ERC-20 token on the Ethereum blockchain, Dent utilizes smart contracts to address critical issues like costly data roaming and the forfeiture of unused data allowances. This innovative model aims to liberalize the mobile data market, making global connectivity more efficient, accessible, and transparent for consumers worldwide through its decentralized network.
The DENT token serves as the core utility token and the exclusive currency within the Dent ecosystem, which includes the Dent App and the Dent Exchange. All transactions, from purchasing mobile data packages to acquiring eSIM profiles for roaming-free internet access, are conducted using DENT. This positions the digital asset as the central medium of exchange for tokenized bandwidth. The platform’s integration of eSIM technology is a key feature, allowing users to instantly connect to mobile networks in numerous countries. As a Web3 infrastructure project, Dent is a unique application of a digital ledger to solve a tangible, real-world problem in the multi-trillion dollar telco space.
The EGP/DENT pair represents the exchange rate between the Egyptian Pound (EGP) and the Dent (DENT) token. It shows how many EGP are needed to buy one DENT. DENT is an ERC-20 token on the Ethereum blockchain that powers a global marketplace for mobile data, allowing users to buy, sell, and donate data through its eSIM platform and app. Trading this pair involves using a cryptocurrency exchange to convert fiat currency from Egypt into this digital asset.
Yes, since DENT is an ERC-20 token, it requires a digital wallet compatible with the Ethereum blockchain for self-custody. After acquiring DENT on an exchange, you can transfer it to a non-custodial wallet like MetaMask, Trust Wallet, or a hardware wallet for enhanced security. This gives you full control over your private keys and your digital assets, separate from the exchange's custody.
When using a centralized cryptocurrency exchange, expect to complete a Know Your Customer (KYC) verification process, which is standard for AML compliance when depositing EGP. You should be aware of several potential fees: deposit fees for EGP, trading fees on the EGP/DENT order book, and withdrawal fees for sending DENT to an external digital wallet. Withdrawal fees will also include the Ethereum network's gas fees, which fluctuate based on network congestion.
To purchase the DENT digital asset with EGP, users often rely on cryptocurrency exchanges that offer a direct fiat on-ramp. Common methods include bank transfers and debit/credit card payments, though these can sometimes face restrictions. Consequently, Peer-to-Peer (P2P) trading platforms are very popular in Egypt, allowing users to buy DENT from other individuals using local payment methods like Vodafone Cash or other bank apps, which provides more flexibility.
The primary utility of the DENT token is within its native ecosystem. After acquiring DENT, you can use it in the Dent App to purchase global eSIM data plans for travel, effectively eliminating roaming charges. It's also used for mobile data top-ups and for trading data packages on the Dent Exchange. This positions DENT as a utility token for disrupting the global telecommunications industry, not just a speculative digital asset.
For secure trading, always use reputable cryptocurrency exchanges with high trading volume and strong security protocols, such as two-factor authentication (2FA) and cold storage for assets. Be cautious of P2P trades by using the platform's escrow service. After purchasing, consider moving your DENT tokens from the exchange to a personal non-custodial digital wallet where you control the private keys. This minimizes the risk of loss from a potential exchange hack.