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What is DENTNet Staking?
DENTNet is powered by DENTX, the native unit of exchange on the network, similar to how ETH functions on Ethereum or BTC on the Bitcoin network..
Learn about DENTNet Staking
What is DENTNet?
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.
What is DENTX?
DENTX is the native unit of exchange on DENTNet, similar to ETH on Ethereum or BTC on the Bitcoin network.
It is used to pay gas fees and secure the network with Staking.
Will DENT tokens convert to DENTX upon the launch of DENTNet?
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
Can I stake on DENTNet?
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.
How to create a wallet on DENTNet?
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:
Detailed documentation is available here
How to transfer your DENTX tokens to DENTNet?
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
What is the staking and inflation rates?
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%.
Who uses DENTNet?
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.
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DENTX Staking Performance Charts
Track DENTNet staking over time by analyzing key performance metrics.
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DENTNet Staking is trending upwards this month
Over the past 30 days, there has been a net increase of DENTX staked on DENTNet, worth - at the current market rate. During this period, the price of DENTX has increased by -, with one DENTX currently priced at . Today, the inflation rate of the network is undefined%, which represents an increase of NaN% over the same time frame.
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Analyze DENTX Staking Data
Compare the market position of DENTX against other staking assets.
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- 1y
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DENTNet Staking Over the Past 7 Days
As of today, there are undefined stakers actively staking on the network. An additional undefined DENTX stakers became active over the past 7 days, representing a undefined% increase over this time period. The Staking Ratio, or percentage of DENTX being staked, is currently undefined% of the total eligible circulating supply, increasing by undefined% over the past 7 days. In total, DENTX is staked across the network, generating $ worth of staking rewards per year.