Purchase Dent (DENT) with Japanese yen (JPY) 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 JPY/DENT pair represents the exchange rate between the Japanese Yen (JPY) and the Dent (DENT) token. It allows traders to purchase this digital asset, an ERC-20 token powering a global marketplace for mobile data, directly using a fiat on-ramp. The price indicates how many JPY are needed to buy one DENT token on a specific cryptocurrency exchange.
The DENT token is the native currency for the Dent Wireless ecosystem, designed to create a decentralized mobile data market. Its primary utility is to facilitate the buying, selling, and donating of mobile data packages (measured in Gigabytes) via the Dent App. This system leverages eSIM technology to liberate mobile data, turning it into a tradable telco asset and helping to eliminate costly data roaming fees for users worldwide.
Since DENT is an ERC-20 token built on the Ethereum blockchain, it can be stored in any wallet that supports Ethereum-based assets. This includes popular software wallets like MetaMask or Trust Wallet, as well as hardware wallets such as Ledger or Trezor for enhanced security. Storing DENT in a personal wallet gives you full control over your digital asset, separate from the cryptocurrency exchange where you made the purchase.
To buy DENT with JPY, you typically need to register on a regulated Japanese exchange that lists the JPY/DENT pair. The process involves completing KYC/AML compliance, depositing JPY into your exchange account via a local payment method like a bank transfer, and then placing a buy order on the DENT order book. Once the blockchain transaction is confirmed, the DENT tokens will appear in your digital wallet on the exchange.
Yes, secure trading is paramount. Always use a reputable, regulated Japanese exchange to ensure KYC/AML compliance and protect your JPY deposit. Enable two-factor authentication (2FA) on your account. After purchasing, consider moving your DENT tokens from the exchange's custodial wallet to a personal, non-custodial digital wallet where you control the private keys. This minimizes risk from exchange-specific vulnerabilities.
High liquidity for the JPY/DENT pair is crucial because it ensures that traders can execute buy and sell orders quickly and at a stable price. A liquid market, characterized by high trading volume and a deep order book, minimizes slippage—the difference between the expected price of a trade and the price at which it is executed. For a fiat on-ramp pair like this, strong liquidity indicates a healthy and efficient market for converting Japanese Yen into the DENT digital asset.