Buy Dentacoin (DCN) in India — Step by Step Guide for Beginners
What is Dentacoin (DCN)?
Dentacoin is a company that is developing a form of digital currency specific to the dental industry. Dentacoin aims to become a next-generation rewards program for dentists and the people who are willing to review them. Dentacoin wants dental patients to write public reviews of the dentists they use.
The organization has built a Yelp-like Trusted Reviews Platform, which it says will allow patients to write their reviews on the blockchain, free of censorship. In addition, it plans to implement a verified review feature that will be similar to Amazon’s “Verified Purchase” tags.
All reviews labeled as “Trusted Reviews” were written by people who were authorized by their dentist to write a review before their treatment started. The platform will award incentives in the form of Dentacoins (also called DCNs) for participating.
Key elements of Dentacoin include:
1. Free of charge
In this system, the patient pays a small monthly fee to Dentacoin, and in exchange receives ongoing health and treatment “free of charge” from a participating dentist, while the dentists get payments as a form of ongoing basic income.
2. Dental health
The twist in this system is that the patient is incentivized to take better care of their teeth and improve their nutrition — which in turn brings down their need for care. Using an “aftercare” app also hosted by Dentacoin, the patient can earn Dentacoin tokens for proactive steps they take to improve their dental health.
3. Long-term care
The result is that both the patient and the dentist are incentivized to improve long-term care. If successful in the long run, this model could provide a new paradigm for health care, instead of the usual procedure-based care common in many markets.
How to Buy Dentacoin (DCN) in India?
Dentacoin (DCN) is available for purchase with a card through Changelly, as well as against 100+ other cryptocurrencies. It is also supported by trusted exchange platforms and wallets.
From coffee and pizza, through books and clothes, to flight and hotel bookings — thanks to Bidali now you can pay for various gift cards directly with Dentacoin (DCN).
Step by Step Guide For Beginners — How to Buy Dentacoin in India?
Step 1 — Open a Digital Wallet
A digital wallet is where you hold your cryptocurrencies and interacts with others via blockchain technology. There are many providers of digital wallets, however, it is important to make a deep research before you decide which one is the best for you. Currently, the most popular digital wallets provider is BuyUcoin.
Step 2 — Register & Open an Account
Once you enter buyucoin/signup, register and open an account that can provide you with their service. Select the type of your account either individual or corporate. Select your country and agree on the terms and conditions register your account for crypto trading.
Step 3 — KYC
KYC and AML are mandatory for Indian jurisdiction. Your data is saved and encrypted and is stored in Indian data centers only. You will be redirected to a different URL to complete your KYC. Please be ready with your recent selfie. You will need the images of your pan card. You will need the mobile number with you which is linked with your Aadhar.
Step 4 — Google 2 Step Verification
To use 2FA you will have to install an Authenticator app on your smartphone or tablet. Once enabled you will be asked to provide an additional six-digit one-time password along with your email and password every time you login to your BF account. This works only when signing in with email and password. When using Facebook or LinkedIn you can enable 2FA with your social media provider settings.
Step 5-Add Bank details
Add the credentials of your bank name, holder account name followed by account number, and IFSC code details.
Dentacoin stock price is up by (0.64%) today. ₹9,024,711 INR worth of Dentacoin (DCN) has been traded in the past 24 hours. You can follow Dentacoin (DCN)’s progress by adding it to your favorites and creating a free portfolio if you wish. You can view the live price charts, candlestick chart, and historical price charts.
Can I Use Regular Money to Buy Dentacoin?
Yes, you can use regular fiat currency like INR to buy Dentacoin via the BuyUcoin Crypto platform. In addition, having access to online, time-stamped, forgery-resistant medical records could have an enormous impact on several industries, including the traditional insurance marketplace.
Or it could run into insurmountable legal hurdles. However, in a step toward legitimacy, Dentacoin spent $90 million to acquire a dental clinic last year. And with something this innovative, it is difficult to predict how it will be received. But win, lose or draw, nobody will ever criticize Dentacoin for thinking too small.
Getting a Dentacoin Wallet
Crypto wallets allow you to access, store, send, receive, and track digital currency holdings whether it is Dentacoin, Ethereum, Civic, Bitcoin, etc. Cryptocurrency wallets are like an improved, digital version of the leather wallets which you use for cash and credit cards.
The main difference is that the crypto wallet can hold hundreds of digital currencies in a secure way, with the additional option to track details such as when, where, and how much you spent, received, or withdrew.
You have two main alternatives:
- Creating a wallet via Dentacoin Wallet dApp — it’s user-friendly, easy-to-use, and secure.
- Creating a wallet through a third-party provider supporting Dentacoin (DCN) currency.
Powered by the DENT token, DENT Exchange is the world’s first marketplace for Telco assets such as mobile data, eSIM digital SIM cards, voice minutes, and prepaid top-ups. Assets from over 220 Telcos are already being used by over 25 million users worldwide.
Denta coins cannot be mined as they don’t use proof of stock. In addition, there are two dental clinics that have integrated Dentacoin into their workflow and distribute coins to their patients, as well as accepting Dentacoin as a mode of payment for dental treatments. They are approached daily by different companies involved in the industry looking for ways to integrate Dentacoin into their businesses.
Also, the tools are distributing Dentacoin for other value-creating activities. Dentacoin has the potential to become a global currency. During the ongoing ICO, Dentacoin sells for a very low initial price, allowing anyone to join. In the short-term (5 years), it aims at achieving 0.1% of the target market share, i.e., 6 million patients and 2,000 dentists.
The medium-term (10 years) target is reaching 1% of the target market: 60 million patients and 20,000 dentists. In the long run (25 years), it aims to reach a market share of 10%. In the global dental industry, this 10% market share means 600 million patients and 200,000 dentists (12.5% of all dentists in the world), operating within the Dentacoin network.
“A major breakthrough for Dentacoin was the purchase of a real existing dental clinic, the Dentaprime International Plc. London,” The Independent Republic reported. “The transfer of ownership took place in July 2017 once the purchase price had been paid. This transaction was phenomenal due to the fact that the calculated purchase price was paid entirely in DCN.”