Crypviser choses Bitshares BlockchainCrypviser concerns about recent problems within Ethereum network and sees the current situation as unreliable and business critical for our project. The speed of transactions for the authentication system is too important to be disregarded. Crypviser app is expected to be widely used by millions of clients all around the world. In order to achieve it and bring superb quality solutions to the market, one of the key factors is maximum speed of transactions. Therefore we have decided to move on with Bitshares blockchain. This platform has already proven its sustainability for tens of projects and is able to proceed up to 100,000 transactions per second.
CVCoin tokens are to be issued soon and all Crypviser investors will receive instructions concerning registration within Bitshares network. On June, 7 all the tokens will be distributed among its holders.
We are absolutely sure in taking this step. It will help us to implement all our long term plans, bring high quality product and strengthen CVCoin value on cryptocurrencies market.
Frequently Asked Questions ( FAQ ) about DENT Token Sales & Business Model
100 Billion tokens are a lot, why are so many created?
DENT tokens are planned to be the currency for the buying and selling of mobile data packages. The mobile market is huge, 7,2 Billion Gigabytes /
month, generating $32 Billion USD monthly revenue for operators.When
the exchange gets larger, there needs to be lot of DENT tokens out
there to enable the market. That is why you get 400,000 DENTS with one
ETH in this crowdsale. Our target is to spread the tokens to as many
people as possible, therefore a small unit price.
How many tokens are the founders taking, is there a lockup?
None. The founders do not take any DENT tokens off the table. The DENT Wireless company will own 30B tokens, which will be used for purchasing initial data packages from Telcos, to help circulate DENTs to the Telco ecosystem. They will also be used in marketing and as user incentives for signing up and becoming a member of the DENT community.1 Billion DENT Tokens will be pledged to the UN Sustainable Development Goals program to provide mobile data access to developing countries. Please see the Token Sale page for more info:
How many Tokens are there in this crowdsale?
We have a total of 100B tokens, where 70%, i.e., 70 billion will be available in this Token Sale.30% will remain in the company for employee salaries, bonuses and community incentives.The Company will pledge 1 Billion DENT Tokens to the United Nations program for providing mobile data to developing countries.
What is the purpose of a token to the buyer?
With DENT, the user is supporting DENT in our efforts to liberate mobile data and to disrupt the mobile operator industry. For that purpose, we are developing the Ethereum Blockchain-based marketplace for mobile data, the DENT Exchange. After the marketplace is launched and carriers onboarded, DENT Tokens become the global currency of mobile data packages.
In many crowdsales, the buyers with smaller budgets have not been able to get any tokens allocated. Will you address this problem?
Yes, as we want to spread the Tokens to a broad audience to build the collective power, we will allocate 35% of the total sold tokens to these buyers.
How can I buy the tokens in this crowdsale?
That's easy, just follow this link and follow the instructions. We accept ETH.
What does your company do?
DENT Wireless is a company with a mission to tokenize, liberate, and democratize one the most important commodities in our time: mobile data and bandwidth.
We are developing a marketplace on Ethereum Blockchain for buying and selling of mobile
data packages, which can be direct telco products, or originating from
users that sell unused mobile data packages to each other.
What problem are you solving?
Mobile data access today is for many people as valuable as hot water or
electricity. When we don’t have Internet access, we fear that we are
missing out. However, access to mobile data and bandwidth is controlled
by just a few companies in every country. The mobile operators keep the
supply restricted and the prices high. Unused data allowances are made
to expire every month and that creates billions of dollars of profits
for the operators at the expense of the user.
We want the user to own their mobile data and bandwidth, they need to be able to freely sell or donate unused data to other users. World-wide.
How are you solving this problem?
To make this change, the telco market needs an overarching marketplace, which will give users and telcos alike the tools to disrupt
the current business model by themselves, for their own benefit as
they'll profit from repeat sales of data allowances. DENT Exchange will
be the global marketplace for mobile data and to globalize payments,
DENT Tokens will be the currency to be used.
DENT is aimed to be the global exchange for mobile data, where in the best case scenario all the world’s mobile data would be sold and bought and
even donated via DENT Exchange, similarly to other commodities like
international currencies are traded today. DENT Exchange will give
mobile data consumers a direct way to affect the way telcos price their
data, through the bidding process on the exchange.
The possibility of exchanging a package to a more suitable one, especially in the advent of eSIMs that allow the use of multiple operators on a
single mobile, will drive telcos to compete.
What parts of the Mobile Operator Business will you aim to disrupt?
First: We will liberate mobile data help customers to buy, sell or donate mobile data with the click of a button. We remove borders and create a global mobile data exchange with fully transparent data prices. We remove restrictions and wastage caused by limited validities. Second, we help operators to serve more customers and utilize their networks better. Operators can easily connect with the DENT platform to serve a global customer base, without the need to establish silo'ed own platforms.
Second: We want to remove the Data Roaming Fees or reduce them to a minimum Very simple. In today's telco world, when you as a US customer are - say - in Sydney, Australia watching a video, all that data traffic is routed from the US. This is obviously not the best economic way and all the data carrier cost, the so-called interconnect cost and the operator margin on-top drives the data price up that you have to pay. We want to short-circuit data access in the most direct way. Internet access will happen where you are, and the cost will be as cheap as if purchased locally. That's called LOCAL BREAKOUT and DENT will be driving the adoption of that.
Third: We will drive the Data Sharing Economy With DENT, we take the global mega-trend of the "sharing economy" one step further. People are sharing apartments with airbnb, businesses are sharing storage and compute with cloud services, and we for the first time enable sharing of mobile data across any DENT user. The sharing economy optimizes asset utilization and reduces waste, thus driving down prices for everyone.
Who are the Founders / Top Management?
Tero Katajainen (Founder and CEO)
is a serial entrepreneur and an experienced software architect who
founded the predecessor company of DENT Wireless in 2014 to create a
trading platform for FOREX (foreign currency exchange trading) with
advanced algorithms for behavioral analysis of markets.
Mikko Linnamäki, (Co-Founder)
who is also Co-Founder of DOVECOT Oy, the company behind the Open-Source
IMAP Server DOVECOT which has an install base of over 4 million servers
and a 72% global IMAP server market share. source:
Andee Vollmer (Co-Founder)
is the Mobile specialist in the team with 12 years experience on Mobile
Apps, starting with Symbian in 2005 and today on iOS and Android.
Michael Wirth (Director of Payment Systems and GM UK & Ireland)
has 20 years of experience in large-scale transaction projects, amongst
others he was Director of Products and Services at eNett International, a
Travelport company and leading specialist for payment solutions in the
Ville Sundell (Smart Contract Specialist),
who has pioneered smart contract based legal entities, being the first
to create companies solely on the Ethereum blockchain without any human
intervention through Etherprises LLC.
Dr. Rainer Deutschmann (Advisor)
brings in 20 years of telco and tech senior executive experience in
companies like McKinsey, Deutsche Telekom and Reliance. Most recently,
as Chief Product & Innovation Officer, Rainer with his fellow
leadership team launched Reliance Jio and acquired 100 million customers
within six months. Jio disrupts the telco landscape to democratize
mobile broadband for the 1.3 billion people in India.
Please follow this link to the TEAM page for more details...
In your concept, you mentioned that the devices can automatically purchase data packages from the DENT
marketplace, what is the advantage of that?
With our DENT app, customer will be able to buy, sell and donate data with the click of a button. It also allows for automatic data optimization.
For example, when the data usage run rate looks like there will be data
"left over" at the end of the month, data can be sold on the DENT
exchange to avoid wastage.
Likewise, when you are running out of data, an automatic re-charge from the DENT exchange ensures always being connected. The same logic applies to connected machines, such as your
connected car, surveillance camera or tracing device. Whenever any IoT
device requires data, it can even automatically re-charge through our
open DENT exchange and thus be always connected.
Why are the Mobile Operators not doing this themselves?
Newer developments point in the right direction, such as with eSIM, the new EU roaming regulation, and mobile data roll-over to the next months.
But really operators need someone like DENT to connec the silos and
create a global bridge, so customers can freely buy and sell mobile
Added benefit is that DENT provides a single platform with a single customer billing relationship that works globally.
Talking to Telcos will be not easy and a challenging. How they will notice you and take you serious?
We are convinced DENT will create a global movement. A movement which no-one and no company can neglect. Transparency, efficiency and lower costs will prevail. We gather a global DENT community of users, who in a way "own" the DENT exchange because DENT coins are in the hands of our users. Telcos will want to continue to serve the users, and with DENT also get a tool in their hands which opens up a global user base, and a very cost efficient platform to sell data connectivity. When Millions of Telco customers with billions of dollars buying power unite themself to collectively demand change, the change will happen. DENT is the central point in this movement.
What is the timeline to get Telcos on board? We are talking to telcos around the world and will most likely gather a partnership with the first group within the next 6 months. This will likely be a group of progressive telcos, who realize the benefits of being on the side of their customers. Our DENT model has the benefit to be fully scalable. We can start with a single domestic player who wants his customers to be able to easily buy, sell and share mobile data. We can scale to integrate multiple telcos in one market to tap into a wider user base. And of course we will connect multiple domestic markets to facilitate global data exchange, and a "roam like a local" experience for all users. Of course, we know that dealing with telcos is slow and cumbersome, but with the support of the Token Sale funding, we will have time and scale to do this task.
What is the timeline to get Telcos on board?
We are talking to telcos around the world and will most likely gather a partnership with the first group within the next 6 months. This will
likely be a group of progressive telcos, who realize the benefits of
being on the side of their customers. Our DENT model has the benefit to
be fully scalable. We can start with a single domestic player who wants
his customers to be able to easily buy, sell and share mobile data. We
can scale to integrate multiple telcos in one market to tap into a wider
user base. And of course we will connect multiple domestic markets to
facilitate global data exchange, and a "roam like a local" experience
for all users. Of course, we know that dealing with telcos is slow and
cumbersome, but with the support of the Token Sale funding, we will have
time and scale to do this task.
How big is the market?
According to a recent study of CISCO, the amount of mobile data world-wide grew
63% in 2016, and it was 7.2 billion Gigabytes per month in December 2016. According to a stuy of Parks Associates, the telcos make $386 Billion USD revenue / year with mobile data. That is $32,2 Billion USD revenue for the telcos per month. If 15% of that is unused data from users, that makes $4.8 Billion USD monthly value for the unused data market alone. References: CISCO study about data traffic: http://bit.ly/1W26UQo Parks Associates Study of Mobile Data Revenue 2015-2010: http://bit.ly/2sGwaar
How will DENT Wireless use the funds from the Token Sale?
The funds will be used for the development and launch of the DENT Exchange platform, to acquire users to DENT Community, to hire staff to acquire and integrate telcos onto DENT Exchange, and of course on sales and marketing.
To be able to do this in a large scale, we will establish local offices in central hubs like Singapore, New York, Berlin and London and later in Latin America. The following list is a preliminary spread of the funding, the final distribution will depend on the size of the funding that becomes available from the crowdsale.
--- Funding usage plan:
25% in core platform development, R&D To build and launch the DENT Exchange platform as written in the whitepaper, we will hire more developers into our team to speed up the development roadmap accordingly.
18% Technical integration team to enable telco to become part of the DENT network, using the DENT APIs.
10% Mobile App development A dedicated mobile app team of 15 people is estimated to be needed as a resource to release the Android and iOS mobile apps. A team with designers, developers, QA people and testers is needed.
17% platform operations, maintenance and support To operate the platform and to scale it according to the planned demand, we need a strong operations team, which will work on 3 continents to provide the service level in a critical marketplace.
22% in Sales and Marketing Main tasks for the sales team is to acquire telco partners world-wide to enable the customers to use the DENT. Also we use the funds end-user acquisition. The Company-owned DENT tokes will be used for seeding the users.
8% General Administration, legal and compliance.
What are the key milestones for DENT?
The key milestones are:
1. The crowdfunding to scale the development team to launch the DENT Exchange, DENT mobile apps on iOS and Android, and to hire the sales, marketing, support and engineering people to get the operations started at a larger scale.
2. Launching the DENT Community to start acquiring users in key countries to become members.
3. Negotiating with telcos on behalf of the community to liberate the user-to-user data transfer and to connect the telcos to the marketplace.
4. Launch domestic telcos on the marketplace.
5. Launch the international DENT Exchange
How will DENT Exchange make money?
The currency used in trading, the DENT Token, is what powers the platform. The actual sale, purchase and donation of transactions enters the Ethereum blockchain, utilizing ETH. The instruments, i.e. data packages, will be Smart Contracts in the Ethereum blockchain. DENT Exchange will drive Ethereum Smart Contracts, effectively making the system a blockchain-based trading platform. The crowdsale will allow participants to purchase DENT with a low starting price, before it becomes used in the exchange. As the exchange becomes a de-facto place for trading mobile data bandwidth, it will also become the principal method for determining the floating price of mobile data worldwide. Telcos, market participants and end-users will all interact in a true market driven way to determine the current price. Eventually this will lead to increased competition, providing new packages to the exchange and further enable the DENT Exchange to become the dominant force in the mobile data space, utilizing the DENT currency. The revenue of DENT Exchange will come from transaction fees via spread and commissions. We will be establishing the DENT Token for these transactions, and our goal is to give mobile operators, consumers, enterprises and other market participants easy tools to compete and run their mobile data needs in the new open world.
What makes you different from the competition?
As we are the first company to create an overarching marketplace for trading with mobile data, our competition comes from the legacy silo approach that currently is the status-quo for telcos. Our trading platform will treat mobile data as a resource or commodity which will be openly traded and priced.
How will you acquire users?
We will combine users of mobile operators to a collective billion-dollar group of influential power. DENT Tokens will enable users to download the DENT mobile app and to become a member of the powerful DENT Community.
The most valuable asset to mobile operators are the people, that create an average $460 USD revenue in a contract lifetime
we have, for example, 2 million customers of a telco consolidated as
one group, that means the buying power of that group to be $920 Million
USD in the contract lifetime.
DENT will act as the
representative for this group to negotiate with the telcos to improve
their data service offerings with the target to allow people to start
selling and buying excess data between users.
of the DENT Community as a “union” of telco customers, which will use
its collective power to stipulate changes and improvements in the way
mobile data and telco services are provided today.
United Nations are advocating sustainable development for mobile data,
we are supportive of this effort to bring affordable mobile data to
developing countries and regions.
The DENT team will represent all DENT members in the negotiations with telcos.