What is Dentacoin?
Dentacoin is a cryptocurrency that aims to improve the dental health across the globe. It was launched in February 2017 by the Dentacoin Foundation. The Ethereum based blockchain platform is regulated by smart contracts. Dentacoin uses a decentralized review platform and rewards patients and dentists who make contributions that benefit the community. Dental patients get rewarded in form of Dentacoins for participating in reviews and surveys related to dental procedures. These Dentacoins can be used to pay for future dental treatments or products.
In addition to being an industry-specific currency, Dentacoin also looks forward to reduce treatment costs and create a dental community. As medical records will be stored on the platform, it will serve as a healthcare database. The Dentacoin token trades on the exchanges under the name DCN. It is a ERC20 token.
Features of Dentacoin
- Trusted Reviews: Dentacoin comprises of a "trusted reviews“ notion that allows the platform to have standard as well as trusted reviews. The former can be written by anyone while the latter can written by actual patients.
- Dentacare Mobile App: The aftercare mobile app is interactive and offers three month program that educates users to improve their dental hygiene. It provides tips to users on how to brush, floss, rinse properly and shares insights about importance of regular dental check-ups.
- Dentavox Platform: It a customer intelligence tool that rewards users in form of Dentacoin for providing valuable feedback on several dental topics. As the review system of the platform is blockchain-based, they cannot be edited or manipulated.
- Healthcare Database: This is a decentralized database of patient’s overall medical records. Data will be highly protected and updateable in this database. In addition, patients can choose to securely share this data with dentists and medical professionals through the use of private keys.
Where to buy Dentacoin?
The market capitalisation of Dentacoin at the time of writing this article was $262,188,264. The total total max supply of the DNC tokens is capped at 8 trillion. The Dentacoin tokens can be purchased from several exchanges like Hitbtc,Cryptopia, Mercatox, Idex, Coinfalcon, Etherdelta and more.
Dentacoin tokens cannot be mined as they are pre-mined.
Dentacoin is compatible with several wallets like Coinomi, MyEtherWallet(MEW), imToken, eidoo, Mist, Metamask and Jaxx. The price of 1 DCN token at the time of writing this article was $0.000806.
Risks involved with investing in Dentacoin
Dentacoin is an extremely niche cryptocurrency that caters to just one industry. Moreover, as it is a cryptocurrency it is subject to high volatility and regulatory measures. Hence, it is advised to invest in mutual funds instead as they are more reliable than cryptocurrencies.
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