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Dentacoin (DCN) Introducing Blockchain to Dental Industry

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Dentacoin

Dentacoin (DCN) was introduced to the cryptocurrency market in August 2017 and has since then climbed to the 57th position on the crypto coin rankings list of coinmarketcap.com. DCN has had a major rise of 50.51% (at the time of writing) since yesterday and the price shows nearly $0.001280 USD. The market cap of the crypto coin is above $416 million USD and the volume (24h) shows $4.85 million USD approximately. (As of 10th May 2018)

A little on Dentacoin (DCN)

Dentacoin is the first blockchain that aims to make the dental industry all over the world affordable by developing distributed ledger technology or DLT. The Dentacoin blockchain follows the decentralized, smart contract protocol of the Ethereum blockchain. It is also used to reward the patients, service providers through a system that encourages them to contribute towards the community. As stated in the white paper of Dentacoin, “Dentacoin chooses to reward those who contribute to trusted reviews, dental practice registrations and valuable feedback content for the industry. “The rewards are directly connected to the level of participation.” Those who participate will have the opportunity to buy DCN directly from the Dentacoin network and trade the coins. The main objective of Dentacoin is to provide quality dental care to at least 80% of the populous at a much lower rate.

The network plans to do so by eliminating the need of middlemen like insurance companies and handing over authority directly into the patient and doctor’s hands. This is an effective way of reducing the costs. The way to do this is to develop smart contracts directly between the dentists and the patients. This includes small monthly contributions to the dentists in DCN. The patients’ well-being has been prioritized here and this smart contract solution will provide proper dental care to the patients, eliminating the need to deposit high premiums to insurance companies. The patients can also earn rewards by writing “trusted reviews”. There is also the option of writing standard reviews where anyone can write them. To make sure that it is in truth a trusted review, the partner dentist will take the email address of the patient in the medical office before the treatment starts and a review request will be sent to the given email id. The patient will be able to access and post on reviews.dentacoin.com only through the provided link.

Properties of Dentacoin:

Dentacoin is a blend of logistics platform and financial tech tool. There is no intention of the team to make the Dentacoin token a medium for global payments, unlike other peer to peer decentralized altcoins. Thus, it has often been observed as a non-competitive crypto coin that simply focuses on developing the global dental industry by incorporating blockchain technology.

  • Trusted and Standard review platform: The standard reviews section allows anyone to post a review but the trusted review section is only for the patients who have been treated by a dentist through this platform. The patient reviews are published in an unbiased way such the potential clients can get a true opinion of the platform and the services. The patients who have written reviews will be awarded DCN that they can use as a form of payment in their next visit.
  • DentaVox opinion platform: According to the official website of Dentacoin, DentaVox is “A WebApp for collective customer wisdom, which serves as an up-to-date market research data through questionnaires and rewards.” This is beneficial for the media, the manufacturers, the suppliers and the dentists.
  • Healthcare database: The Dentacoin network ensures a secure platform for data exchange and storage of medical records. The medical records can be accessed by the dentists only and by the patients who have been given exclusive permission to their own medical records.
  • Dentacare mobile app: This objective of this app is to “form long-lasting dental care habits through an intensive 3-month program in an engaging gamified environment.” (white paper) The app contains tutorials and has features like notifications, reminders and voice navigation that will the people to maintain their dental hygiene and build healthy habits. It also has an emergency function that enables the users to get immediate advice from the dental specialists registered on the Dentacoin network. The app is immensely beneficial for children and their parents can help them develop healthy habits through the Dentacare mobile app.
  • Dental assurance concept: Dentacoin shares its feedback platform with other value-creating solutions focused on dental care such that the solution reaches all the corners of the world. The dental insurance smart contract developed by the network will be active between the individual and their visiting dentist such to provide quality treatment at an affordable rate.

Recently, Changelly has listed Dentacoin (DCN) where DCN can be bought and exchanged with several other altcoins. According to Jeremias Grenzebach, co-founder and core developer at Dentacoin Foundation, this listing will open up many new opportunities for Dentacoin.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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