Dentacoin (DCN)
Dentacoin is the first Blockchain concept designed for the Global Dental Industry. The Dentacoin ERC20 token is configured to be used globally by all individuals. Dentacoin aims at improving dental care worldwide and making it affordable through crowd power.
Category: Platform for the dental industry
Date of ICO: 2017.10.01-2017.11.01
All time low: 0,000051 USD
All time high: 0.008267 USD
Pros:
-It has a trusted review platform
-The token is planned to be used as currency in the dental world, for treatment, hygiene products, materials, supplemental income, and more
-Dentacoin has future plans to partner with UPS, Amazon, and Alibaba
-Dentacoin plans to implement its platform in phases, first creating a large treatment review database, then a habit building mobile app and educational website, dental insurance program, and healthcare database / dental record
Cons:
-Very large total supply ( 1,841,395,638,392) which can even grow to 8,000,000,000,000 as its max suppy
-The core founding team has a little experience in the dental industry
-Only the review platform is in working condition of the planned services and usage fields
Similar projects: None
Key figures: Prof. Dr. Dimitar Dimitrakiev, Philipp Grenzebach, Jeremias Grenzebach
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Sounds interesting...but I have a question.
Why?
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Why creating such a coin ? The founders aim was to reduce the cost an average person spends on dental care via releasing this whole ecosystem providing incentives for you to care about your teeth by using the review platform, app and so on... The token actually is for the usage in this ecosystem they will provide hopefully.
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But why does it need to be decentralized, why does it need a coin, and why does it need a blockchain? Why is it not already considered extremely overvalued if there's a max supply of 8 trillion?
What unique problems does it solve with any of this new technology? Why are centralization and industry standards in healthcare something that needs to be circumvented with a decentralized application? It seems to me like the study and practice of health and medicine would benefit from more centralization, not less.
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Personally, I don't believe in this project as I wouldn't use these tokens. These tokens may come as a reward for your activities within the ecosystem but not more, I think. It doesn't solve problems, but it would raise awareness to healthy teeth and that's the single biggest benefit of this project in my opinion.
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Sounds more like a pump and dump scam followed up by months and months of painful dilution while the owners bleed their core following dry of any real capital.
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