What is Dentacoin (DCN)?
Future of DCN Cryptocurrency and know how to buy DCN

#1 - What is Dentacoin?

Dentacoin (DCN): The basics

  1. Dentacoin is a decentralized, blockchain-powered platform that wishes to disrupt the existing dental industry by leveraging Ethereum’s smart contracts. As a decentralized platform, Dentacoin eliminates the need for any third party and uses smart contracts to establish a direct relationship between the patients and dentists.
  2. Dentacoin seeks to improve the dental care quality across the world by creating a global dental industry community where people can be rewarded with Dentacoin cryptocurrency (DCN token) for their contribution.
  3. Dentacoin hopes to be revolutionizing the dental industry and inspiring people to take good care of their dental hygiene. The platform has developed several blockchain-based decentralized applications to encourage both the patients and the dentists to cooperate and help build a trust-based community.

Dentacoin Development

  1. Dentacoin was created by the Dentacoin Foundation to achieve its goal of improving the dental industry in a way that benefits both the dentists and the patients.

  2. The Dentacoin Foundation was founded in 2017. Currently, it is led by a team of 15 core members which includes founder, Prof. Dr. Dimitar Dimitrakiev; co-founders, Philipp Grenzebach and Jeremias Grenzebach.
  3. The foundation pre-mined a total of 8 trillion DCN tokens. 40% of the total tokens are reserved for giving various rewards, 40% were reserved for the token sale and the rest - 20% - are reserved with Dentacoin Foundation for marketing activities, future projects, bounty programs and other uses.
  4. The foundation launched its presale on July 1, 2017 followed by the public sale on October 1, 2017.

 

#2 - What are the benefits of Dentacoin?

Dentacoin Technology

  1. Dentacoin is based on the Ethereum blockchain, which enables smart contract functionality. The decentralized nature of the blockchain technology guarantees direct interaction between the patients and the dentists without the need for a middleman. This helps to reduce the overall cost of dental care.
  2. Ethereum smart contracts are the core components of the Dentacoin platform. Since the smart contracts are self-executing in nature, it eliminates the possibility of a single party control over the smart contracts. This leads to a secure, transparent and autonomous platform.

Technological Features of Dentacoin

  1. Blockchain-Based Trusted Review Platform: This blockchain-based feedback system allows qualified patients to post reviews on the network. The platform facilitates the dentists’ access to updated information and research data that can be used to improve their services. It uses self-executing smart contracts to mitigate the manipulation of data. This way any potential customer can view the actual reviews posted by patients. Patients are rewarded with DCN for high-quality reviews.
  2. Dentacare Mobile app: This app acts as a dental care guide for people. It features reminders, notifications, voice navigation and tutorials to assist people in maintaining their dental hygiene. Individuals also have emergency access to expert dentists, in case they require any information on dental health. The Dentacare app has a basic plan for a 3-month routine and users are rewarded in DCN if they properly complete this routine.
  3. DentaVox opinion platform: DentaVox is a web app which encourages people to give their honest opinions and returns people earn DCN tokens. The app features questionnaires of varying lengths on different healthcare topics. Blockchain technology ensures that there’s no alteration in data, which delivers valuable and transparent data to researchers.
  4. Dental Assurance Concept: Dentacoin establishes a smart contract insurance between the people and their dentists. If both parties agree on the contract, then the contract is executed on the blockchain. The contract obliges people to take good care of their oral hygiene. In return, the dentist will deliver quality dental treatment on his own expenses. If the conditions mentioned in the smart contract are met, both the parties are rewarded monthly in DCN.
  5. Healthcare Database: The implications of blockchain in the medical industry will ensure that patient’s medical records are out of the reach of any third party. On the other hand, the record is stored on the blockchain, which enables the transparency and security of all the parties involved.

 

#3 - How to buy and store DCN?

How to Buy DCN?

Dentacoin pre-mined its total supply of the DCN token at launch, so mining enthusiasts may be disappointed due to the absence of DCN mining. However, Dentacoin all people to earn free DCN tokens as a reward for completing certain tasks. People can also obtain DCN by trading on a cryptocurrency exchange.

  1. Dentacoin is available on several global cryptocurrency exchanges such as HitBTC, Cryptopia, CoinExchange, Mercatox, IDEX, etc. Users can use Bitcoin, Ethereum, Tether and other cryptocurrencies to exchange the DCN. Sometimes users don’t have the information about all the available exchanges and they miss some really good rates, that’s where CoinSwitch can help its users.
  2. CoinSwitch is the largest cryptocurrency exchange platform that allows its users to access the entire cryptocurrency market at one place. Users can compare DCN rates and trade across all aggregated cryptocurrency exchanges. It provides a real-time comparison of over 300 cryptocurrencies and helps users to take an informed decision.

How to Store DCN?

DCN token is based on the ERC20 token model. Hence it can be stored on any wallet that is compatible with ERC20 tokens. Some popular options are listed below:

  • MyEtherWallet
  • MetaMask
  • Coinomi
  • imToken
  • Lumi
  • Jaxx
  • Exodus
  • Hardware wallets like Ledger Nano S and Trezor are also secure options.

 

#4 - What is the future of Dentacoin?

Trend So Far

Also Read: Complete Analysis of Dentacoin | Live Dentacoin (DCN) Price Charts And Predictions

  1. As of July 2018, Dentacoin is placed at the 83rd position on the global cryptocurrency market with its capitalization of over $116.6 million USD.
  2. The Dentacoin team has decided to unlock DCN gradually as its development progresses. So far 1,963,173,416,170 DCN tokens have been unlocked by Dentacoin, out of which 325,226,613,094 DCN tokens are in circulation.
  3. On August 11, 2017, Dentacoin cryptocurrency began trading on the global cryptocurrency market at an initial price of $0.000307 USD. After its launch, Dentacoin’s price kept fluctuating near $0.0001–0.0002 USD mark.
  4. This trend continued until January 2018, when the price reached its all-time high of $0.0058 USD. Since the all-time high its price declined like most cryptocurrencies during this period. As of July 2018, Dentacoin price seems to be stabilizing, reaching at $$0.00035 USD.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 01, 2018

0.000372

0.000396

0.000365

0.000373

34,995

120,945,000

May 01, 2018

0.000763

0.000805

0.000700

0.000770

333,849

248,097,000

Mar 01, 2018

0.000606

0.000840

0.000547

0.000722

617,895

197,109,000

Jan 01, 2018

0.000560

0.000608

0.000464

0.000586

606,470

172,648,000

Nov 01, 2017

0.000140

0.000153

0.000114

0.000129

145,855

42,513,700

Aug 11, 2017

0.000307

0.001011

0.000250

0.000475

228,296

4,964,020

Note: All prices are in USD

Future trends

According to market analysts, Dentacoin doesn’t seem to have returned decent profits over the 2017-2018 period. However, In a long-term investment, Dentacoin price may increase by approx 368.38% by 2023. These trends are based on the past and present performance of Dentacoin in the market, so predictions are likely to change in the future considering the volatility of the cryptocurrency market.

 

#5 - How is Dentacoin different from other cryptocurrencies?

  1. Unlike most cryptocurrencies that seek to disrupt the current payment systems through peer-to-peer transactions, Dentacoin’s primary aim is to improve the quality of dental healthcare across the world.
  2. Dentacoin Cryptocurrency (DCN) is not just a cryptocurrency that facilitates only p2p transactions, It is an integral part of a complex ecosystem, which uses it in a variety of ways on Dentacoin platform.
  3. DCN token is powered by Ethereum’x smart contracts to ensure the benefit of both patients and dentists. It acts like an insurance for both parties. If the smart contract cannot be fulfilled due to some reason, Dentacoin preserves and upholds the rights of the other party.
  4. Another difference that Dentacoin has from most cryptocurrencies - is how the DCN tokens can be obtained other apart from trading. Dentacoin allows individuals and dentists to earn various rewards by fulfilling certain conditions of smart contracts. The platform has launched several blockchain-powered apps that allow people to earn rewards at the same time help them improve their dental health.

 

#6 - Should you invest in Dentacoin?

Dentacoin Roadmap

  1. Dentacoin has one key advantage over the most cryptocurrencies in the market. It presents a real use case which can be understood by most people. At present Dentacoin is a dental industry oriented platform but the concept can be extended to cover other sectors of the healthcare industry.
  2. In July 2018, Dentacoin achieved a major success when it bought Dentaprime International PLC. in London for $92 million USD. The price was fully paid in DCN token. Since its inception, Dentacoin has expanded its reach to several countries worldwide by partnering with local dental care units. The Dentacoin has its business in the US, India, Pakistan, Hungary, Serbia, Australia, Fiji, Taiwan, Malaysia and some other countries.
  3. Dentacoin has been showing stable growth, except for the price decline it exhibited a few months after launch. Forecasters believe it can be an interesting investment for long term, its price may reach to $$0.00168 by 2023. However it is recommended you don’t make your investment decisions on the basis of market predictions only, Investors should thoroughly do their own research before making any investment.
Related Searches



Buy DCN using credit cards at the best rates
Buy Now
Buy DCN using credit cards at the best rates