Purchase Dent (DENT) with Philippine Peso (PHP) 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 PHP/DENT pair allows users to trade between the Philippine Peso (PHP), a fiat currency, and DENT, an ERC-20 token for the Dent Wireless ecosystem. This pair serves as a direct fiat on-ramp for users in the Philippines to invest in or use DENT, which aims to create a global marketplace for mobile data and eSIM data plans, effectively tokenizing the telco asset market.
The DENT token is the native currency for the Dent Wireless marketplace. Its primary utility is to facilitate transactions for telco assets, such as buying and selling mobile data packages and international eSIM data plans on the Dent Exchange. By using a blockchain-based ERC-20 token, Dent aims to create a more efficient, decentralized, and global mobile data market, freeing users from traditional roaming charges.
Trading PHP for DENT typically involves several potential fees. First, there may be a deposit fee for funding your exchange account with PHP via bank transfer or e-wallets. Second, the cryptocurrency exchange will charge a trading fee (often a percentage of the transaction value) for executing the buy/sell order. Finally, when you withdraw your DENT to a personal digital wallet, you will incur a network fee, also known as a 'gas fee', since DENT is an ERC-20 token and requires the Ethereum network to process the transaction.
To purchase DENT with Philippine Pesos, users typically utilize local cryptocurrency exchanges that support PHP deposits. The most common payment methods include direct bank transfers from Philippine banks, and popular e-wallet services like GCash and PayMaya. These platforms act as a fiat gateway, requiring KYC/AML compliance before you can fund your account and place an order on the DENT order book.
Yes. Cryptocurrency exchanges operating in the Philippines are regulated by the Bangko Sentral ng Pilipinas (BSP). Any platform offering a PHP/DENT pair must adhere to BSP's guidelines, which include mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. This means users must verify their identity with government-issued IDs before they can perform fiat-to-crypto trades, ensuring a secure and compliant trading environment.
For secure storage, it is highly recommended to move your DENT tokens from the cryptocurrency exchange to a personal digital wallet where you control the private keys. Since DENT is an ERC-20 token, it is compatible with any Ethereum-supporting wallet. For maximum security, consider a hardware wallet (like a Ledger or Trezor). For convenience, a reputable software wallet (like MetaMask or Trust Wallet) is also a good option. Never share your private keys or seed phrase.