Why did we premine 8 trillion Dentacoins?

With the upcoming Exclusive Hard-Capped Token Presale on July 1st, one questions keeps on being asked. Why did we create so many Dentacoins?

The answer is simple. The concept of Dentacoin is global.

Dentacoin token supports the mission of Dentacoin Foundation – to improve dental care worldwide. Besides the Dentacoin ERC20 token, we are in the process of developing a number of tools. Each tool is served by Dentacoins – meaning each user of each tool will get rewarded in Dentacoins, depending on the value they add to the overall quality of the global dental industry. Each tool targets a different aspect of the dental industry.

• For a global coverage and a long-term success, we certainly need a lot of coins.

The minimum required volume of any currency in order to have a chance for a global use is 5% of the total world currencies volume. Today, all of the world’s money equals USD 160 trillion and 8 trillion DCN is an equivalent to approximately 5% of this amount.

The planned daily users for our first tool – the Dentacoin Trusted Reviews Platform - is up to 3 000 000 users (3 million users), each of which will be rewarded a different amount of Dentacoins.

• The Dentacoin token distribution has a limited annual distribution volume.

Around 40% of the total amount of Dentacoins are reserved for EARNING (through tools and value-generating activities, contributing to the improvement of the dental industry), 40% are reserved for BUYING (ICO and presale activities, crowdfunding) and the other 20% are to be utilized by the Dentacoin Foundation for development of tools, marketing activities, bounty programs, future projects and unpredicted expenses.

The first public Presale is on July 1st, when a limited amount of Dentacoins will be available at a very low price, giving a chance to early investors to support the Mission of Dentacoin and be early participants in our future growth.

First ICO, with a hard-capped volume, is planned for October 1st, when a larger amount of coins will be available for public sale. The next ICO is planned for October 2018, a year after the first public token sale.

Dentacoin Foundation has developed a truly revolutionary concept, which allows all coin holders to vote and give advice to the Management on important decisions regarding the Foundation. Due to the DCN being limited in amount and thus – inflation-protected, the value is expected to increase in time, giving the involved parties further benefits.