Purchase Dent (DENT) with Malaysian Ringgit (MYR) 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 MYR/DENT pair represents the direct exchange rate between the Malaysian Ringgit (MYR) and the Dent (DENT) token. It allows users to buy DENT, an ERC-20 token that powers a global mobile data marketplace, directly using MYR. This functions as a fiat on-ramp, enabling participation in the Dent Wireless ecosystem for purchasing eSIM data plans without first converting MYR to another currency like USD.
The DENT token is the native currency for the Dent Wireless ecosystem, a mobile data marketplace. Its primary utility is to facilitate the buying and selling of telco assets, such as eSIM data plans for global data roaming. Users can acquire DENT and use it within the Dent App for P2P mobile data trading and to purchase data from a global pool, often providing a more flexible alternative to traditional roaming charges.
Yes, using a direct MYR/DENT trading pair is generally more efficient. It helps you avoid multiple conversion fees (from MYR to USD, then USD to DENT) and potential value loss due to exchange rate fluctuations. A direct fiat on-ramp provides better price transparency and simplifies the entire process of acquiring the DENT telco asset for users in Malaysia, especially if the pair has sufficient market liquidity.
To buy the DENT digital asset with MYR, you typically use a regulated cryptocurrency exchange in Malaysia. The most common payment methods are direct bank transfers and FPX online payments. These platforms require users to complete a KYC/AML (Know Your Customer/Anti-Money Laundering) verification process before they can deposit MYR and execute a trade on the MYR/DENT order book.
Since DENT is an ERC-20 token on the Ethereum blockchain, you should withdraw it from the exchange to a personal digital wallet for secure storage. Options include software wallets like MetaMask or Trust Wallet, or for maximum security, a hardware wallet. Leaving large amounts of any digital asset on an exchange exposes you to platform-specific risks. Always ensure you are in control of your private keys for true ownership of your DENT.
There are typically two sets of fees. First, the cryptocurrency exchange will charge a trading fee (often a maker/taker fee) for executing the MYR to DENT trade on its platform. Second, if you decide to withdraw your DENT tokens to an external digital wallet, you will incur a blockchain transaction fee. Since DENT is an ERC-20 token, this network fee, known as 'gas', is paid in Ethereum (ETH) to miners or validators who process the transaction on the Ethereum network.