DENTNet Staking

DENTNet is a global blockchain for telecommunication assets such as mobile data or frequencies.

Since the '90s, each mobile network operator has run its own software for accounting, subscription management, traffic management, etc.

Now, many of these services can be provided by a single platform - DENT's global blockchain.

This will help operators and enterprises to automate processes, reduce costs and speed up innovation.

DENTX is the native unit of exchange on DENTNet, similar to ETH on Ethereum or BTC on the Bitcoin network.

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It is used to pay gas fees and secure the network with Staking.

No. There is no automatic conversion on exchanges or wallets. They offer a swap from DENT to DENTX on their platform and on Metamask/Uniswap

DENTNet is a proof of stake network. Validators operate the transactions and will get rewards in DENTX.

DENTX is the token enabling the PoS infrastructure. Users can create a wallet on DENTNet and use their DENTX to earn interests by joining DENTs nomination pool.

Users can create a non-custodial wallet on DENTNet. In addition, every DENT App user has a custodial wallet on DENTNet.

To create a non-custodial wallet, you can use one of the supported wallets:

• SubWallet
• NOVA Wallet
• PolkadotJS
• Vault App

Detailed documentation is available here

DENTX tokens on Ethereum can be sent to DENTNet using the DENTNet Bridge. Only DENTX on DENTNet can be staked.

Detailed documentation is available here

In the beginning the staking rate will be higher. It will reduce over time until the ideal staking amount was reached.

Ideal staking amount and inflation rates might be adapted over time for optimal blockchain performance and security.

DENTNet targets an amount at stake of 50% of the issued DENTX. When this is reached the network will optimise for 10% inflation rate and a staking reward rate of 20%.

DENTNet targets mobile operators and their partners such as enterprises, resellers and service providers.

DENT Wireless Limited is the first operator using DENTNet.

Every DENT App user has a wallet and transactions are tracked on DENTNet.

On the DENTNet Dashboard you can buy DENTX with Binance Pay or swap DENTs for DENTX.

Find more information in their official documentation here