Here the convo from mikko, parts are missing but it give the idea.
It is good stuffs.
DENT:
2. The DENT EXCHANGE (Where the DENT Tokens for Mobile App and the operator Data Packahges reside)
To make the data handling and high transaction volume of payments, operator activations and that fast and efficient, we decided to run a parachain, which is connected to ETHEREUM main chain
This makes transactions faster and we dont have to pay high Gas fees for a micropayment, for example a 1 dollar purchase of data
Use case 1: An Existing DENT owner wants to top up the DENT app from his Crypto Wallet:
When you are registered in the app, we create you a "wallet" in the DENT Exchange
If you want to buy data, lets keep this example simple: lets say, in the USA you would want to buy a 1 GB package, and the price would be 10.000 DENT
So in the app, you have 2 options to top up your account:
1. Use Paypal to buy DENT using FIAT
2. Transfer existing DENTs and deposit them to your DENT Exchange wallet
1. is the obvious choice of the millions of mobile users that have never heard of Crypto currencies or wallets or such, they just buy "Credits", without knowing that there is Crypto in the background
So: in case 1: The User buys the DENT Tokens from DENT Wireless, our company, where we have roughly 89 Billion tokens stored in our wallets. 30 Billion + 60 Billion that are locked up in vaults and released to our company quartely
So released means: Not to the free market as some of you are worrying
Now, so Jose, the customer in Mexico uses his paypal to pay 10 Dollars for the 10.000 DENT tokens (or credits).
With that he can send data to anyone in the carrier network of ours, starting with AT&T, Verizon in the US, and America Movil and Telcel in Mexico
At the moment, when he purchases the data package, the 10.000 DENT get back to DENT Company account, and data is being credited to the users phone number that was the target
2. Okay, so you guys have DENTs that you have today, so you can open the app, it will show a QR Code and the DENT wallet address that the app created for you, and you can just move DENT tokens to the DENT exchange. You will be able to send data to others or top up your own, if you are on a supported carrier.
So you can use the DENTs from day one when the app is released
If we look at trhe situation from the side of the crypto currency owners (the 10B+) Tokens, the tokens that will be sent to DENT Exchange will be away from that inventory, as they have been moved away
There is no way for the mobile user to buy DENT in the mobile app and then sell them to HitBTC, so the Crypto DENTs will be less and less. DENT Company can of course move them back to the crypto market if it has a reason to.
About the release of the VAult tokens:
The 60B vault tokens will be released from the vaults to DENT company, and will be used for many purposes, salaries, bonuses, market liquidity, seeding the carrier market etc. It is not planned to "dump" them anywhere, as they are a real asset for the business
User Acquisition:
- It is planned that the users will receive a certain amount of DENT tokens automatically to their wallet at DENT Exchange, so they can immediately purchased data packages.
These DENTs will come from DENT company, and if we have, lets say - a million users that get 1000 DENT, yes thats a billion tokens, but remember, from the user's sight, they are just credits, not cryptocurrencies, and they can ONLY buy data with them, not move them to Crypto exchanges.
And after they buy the data, they come back to DENT Parachain circulation
Also look Into this :
https://youtu.be/WwLuoy5hVPUA user analysis of the dent token.
The value of DENT within the DENT app will be based on the current market price from the exchanges am i right? So if that is the case, then i guess buying DENT within the app will be slightly more expensive compared to the current value in the exchanges
