[ANN] Dentacoin [DCN] - The Blockchain Solution For The Global Dental Industry

[Nirmalpandey]

Bitcoin Denominations Define Supply

The use of the national currency can be one of the most confusing things about visiting a foreign land. Coins and bills have different values relative to each other. Although the math may be easy to grasp, the practical application of using the physical currency can create problems for the non-native. This same problem actually also exists in the world of cryptocurrencies.

Satoshi are Bitcoin Denomination

Of course, denominations of a national currency are necessary because cash is physically carried around and used in commerce. Bitcoin can also be divided into smaller units to accommodate any size transactions by simple math done automatically and invisibly by the transaction software. A portion of a Bitcoin can be split off to pay for something that costs far less than one Bitcoin, making denominations unnecessary.

This seamless splitting of a cryptocurrency into smaller units has a limit. For Bitcoin, the limit is 100,000,000. The term for each of these infinitesimally small units is a Satoshi. This means that one Bitcoin is actually worth one hundred million Satoshi. In the rapidly changing world of cryptocurrency the term “satoshi” may come to mean the smallest unit of any cryptocurrency, but for now it is limited to the smallest unit of Bitcoin.

When it took 10,000 Bitcoin to buy two pizzas worth $41 in 2010 the idea of Satoshi was nothing more than a programming feature, but as the value of Bitcoin increases Satoshi will begin to become useful denominations. In fact, the lexicon of Bitcoin includes units of Satoshi! One million Satoshi is called a Bitcent. This goes all the way down to one hundred Satoshi which is a “Youbit”.

Satoshi Defines Supply

There has already been some discussion in the Bitcoin community of reducing the standard unit of this cryptocurrency from the Bitcoin to one of these smaller units. While irrelevant from a mathematical perspective, this would have a positive psychological and practical value. Smaller units of Bitcoin would be understood more easily relative to what they can buy, which may increase the value.

This is an absolutely fascinating progression in the perceived value of cryptocurrencies as a deflationary hedge, but the practical application is more meaningful. As of October, 2017 there are 16.6 million Bitcoin in circulation. In fact, this number is misleading. Because each Bitcoin can be divided into 100,000,00 parts, the actual number of units of the Bitcoin cryptocurrency in circulation is 1.66 quadrillion!

Moving decimal places around by breaking one Bitcoin into its component parts is not an academic exercise. Currencies have denominations for a variety of reasons, and only some of them are practical. The psychological impact on the market value of Bitcoin could be significant if people realized the large number of units actually currently on the market.

Satoshi vs. Dentacoin

This fact is demonstrated by the concerns about the number of Dentacoin that have been pre-mined. 8 trillion tokens seems to be enough to permanently reduce the value of each token to an infinitely small value, but this concern ignores the fact that Bitcoin has achieved significant value with over 200 times this number of units in circulation.

There are two important points to be made here. The first is that Dentacoin is not divisible into any smaller unit. For Dentacoin, one Dentacoin equals one “satoshi”. So the comparison between one Dentacoin and one Bitcoin is inaccurate. The real comparison is between one Dentacoin and one Satoshi. This is parity and the honest basis for any comparison of the two currencies.

Secondly, not all of the 8 trillion Dentacoin will be released onto the market at one time. The total supply is designed to facilitate the use of Dentacoin as a global unit of currency in the dental market. Dentacoin will be released on a pre-determined, set schedule that will increase the supply as the demand and awareness for the coin grows. This is intended to provide a firm foundation for Dentacoin from which it can increase in value.

Understanding the actual underlying unit of a currency, either national or crypto, is key to appreciating both its utility and its true value. And the fact is that it is easy to get lost in the math of decimal places. But doing this with both Dentacoin and Bitcoin is absolutely critical in order to grasp how Dentacoin has the ability to increase in value as it is accepted as the key to better global dental health.

https://www.dentacoin.com/blog/total-supply-bitcoin-200-times-token-supply-dentacoin/

[FundCoin.io]

Do you have have any dental industry experts in your team?

[bon3s90]

Why do u process two token sales? What was the advantage to buy during first round? Is there an advantage to buy at the second round?
How do u wanna proceed the value of the token? Currently it's sitting around 2 sats..

[Sam San]

Why do u process two token sales? What was the advantage to buy during first round? Is there an advantage to buy at the second round?
How do u wanna proceed the value of the token? Currently it's sitting around 2 sats..

Dentacoin ICO is now LIVE!
Soft Cap 95.98%
Next target will be unlocked upon reaching the Soft Cap
price 1 eth= 2500 000 DCN

[cryptozi]

This coin maximum supply is huge. What makes you think it will gain good momentum in short term?

[Nirmalpandey]

This coin maximum supply is huge. What makes you think it will gain good momentum in short term?

Yes read white Paper DCN Move very fast DCN coin Cross $1 Very easily .....When DCN launch Insurance Part than u see Speed

[l3pox]

will keep an eye on that even with the HUGE premine.

[holydarkness]

This coin maximum supply is huge. What makes you think it will gain good momentum in short term?

The huge amount of maximum supply is gradually released, so at the early year, there shouldn't be any concern about the circulating supply. But, once all of the time-release coin unleashed, that'll be an entirely different case, at least that's my opinion is. If denta couldn't develop a huge demand and marker recognitions during those early days, it'll be more and more difficult by years.

[bon3s90]

Why do u process two token sales? What was the advantage to buy during first round? Is there an advantage to buy at the second round?
How do u wanna proceed the value of the token? Currently it's sitting around 2 sats..

Dentacoin ICO is now LIVE!
Soft Cap 95.98%
Next target will be unlocked upon reaching the Soft Cap
price 1 eth= 2500 000 DCN

Ok, but this didn‘t answer any of my questions

[cryptohero2017]

Why do u process two token sales? What was the advantage to buy during first round? Is there an advantage to buy at the second round?
How do u wanna proceed the value of the token? Currently it's sitting around 2 sats..

Dentacoin ICO is now LIVE!
Soft Cap 95.98%
Next target will be unlocked upon reaching the Soft Cap
price 1 eth= 2500 000 DCN

Ok, but this didn‘t answer any of my questions

Hello. The event in July was presale (1 ETH = 8 million DCN), and now we are having an ICO (1 ETH = 2.5 million DCN), so that was the incentive to join the presale - you get more for your support.
The ICO price is still very low, if you read the Whitepaper you will see the fundamental price is much higher than the current ICO price. So there is an incentive tojoin the ICO.
The current rate is the ICO price, which was fixed a few months ago. It will not increase during the ICO, but after that - nobody knows what will happen. Before the ICO, Dentacoin had a much higher market price, which shows the potential ahead of Dentacoin. The ICO ends on Nov 1st, so still some time to join and buy Dentacoin cheap. The value of the token increases through the value generating tools. The first tool is already launched, the next 2 tools are on a test phase - once they are launched, more activities will be created to contribute for Dentacoin mission. Besided, many dental clinics are interested in ways to integrate Dentacoin into their workflow. The larger the network grows - the higher value it creates. "Within the network, network effects are expected where the value of the whole network increases with every new participant added to it."

[robinsbrown]

will keep an eye on that even with the HUGE premine.

If project is valid huge premine is nothing, maybe dev will use the premine for rewards is what i think ..i will keep an eye me too. Any escrow for the ICO?

[cryptohero2017]

This coin maximum supply is huge. What makes you think it will gain good momentum in short term?

The huge amount of maximum supply is gradually released, so at the early year, there shouldn't be any concern about the circulating supply. But, once all of the time-release coin unleashed, that'll be an entirely different case, at least that's my opinion is. If denta couldn't develop a huge demand and marker recognitions during those early days, it'll be more and more difficult by years.

Hey thanks for doing your research and giving your opinion. As you said, the coins will be released gradually until the year 2042. Nobody knows what the future holds, but for now, we see that there is an increasing interest for Dentacoin concept - the first tool already has 4000+ registered users and 400+ dental clinics. The next 2 tools are on a test phase, so as soon as they are launched the awareness will increase even further. Many dental clinics and companies from the dental industry have expressed interest to integrate Dentacoin into their workflow. Once the ICO is over, the team will work towards these activities more. For the few months since being launched, Dentacoin has gained pretty good popularity and demand. If you remember, right before the ICO, Dentacoin had reached a 55 rank on coinmarketcap, with 10 million marketcap and over 158k trading volume for 24h. It is natural to have a steady price during October, because our ICO is with a fixed price. Very few people know that this is the reason for the low price, so they wait to see what happens. You can join the Slack community and follow news and updates, and talk to the team: https://join.slack.com/t/dentacoin/shared_invite/enQtMjUyNjI5MzA5ODEzLTViNzZmOTlmYjI4NjJkM2Q0ODYyZDFiMmVkODMxOGRkNDBiMGE5ZmMyNWNiYzFhMDc3NTcxNWNkZGZmYTM4NzE

[arnew1]

i joined pre-sale on coinomi  but there is no dnc support in coinomi wallet. how will i reveive my coins?

[cryptohero2017]

i joined pre-sale on coinomi  but there is no dnc support in coinomi wallet. how will i reveive my coins?

During the presale Dentacoin was not supported on Coinomi. Maybe you mean the ICO? If yes, then your coins must be in your wallet after you have sent the equivalent in ETH to the contract.
Contact Coinomi support for details.

[Dandino0918]

hi guys! did dentacoin reaches the minimum price to be traded and generate price variations by exchanges?? i saw its price on coinmarketcap varied, but even without matching exchanges...are a false variations on coinmarket??

[Abdul Wafi]

a very good product with innovative and efficient concepts as well as providing solutions about dental care that is very useful for the entire community in this world good luck your project

[cryptohero2017]

hi guys! did dentacoin reaches the minimum price to be traded and generate price variations by exchanges?? i saw its price on coinmarketcap varied, but even without matching exchanges...are a false variations on coinmarket??

Coinmarketcap takes the prices from all exchanges and gives an average price for all coins. Same applies to Dentacoin.

[hqthief]

There is a 5 million dollar sell wall at 3 satoshis at cryptopia, most likely a dev is dumping huge. This might kill this coin

[shewasfourteen]

There is a 5 million dollar sell wall at 3 satoshis at cryptopia, most likely a dev is dumping huge. This might kill this coin

No, ICO Tokens.

[shewasfourteen]

There is a 5 million dollar sell wall at 3 satoshis at cryptopia, most likely a dev is dumping huge. This might kill this coin

No, ICO Tokens.