Back in the first quarter of 2017, Dentacoin was created as the first and only cryptocurrency for the global dental industry. Thousands of people quickly realized the immense potential of an industry-specific currency on this highly fragmented market. Others defined the currency as offering a “minimal optionality” because it is for “dentists only” – a misinterpreted statement that we would love to widen by adding the truth on top of it. Whereas the main focus of our tools is to serve the needs of dentists and patients worldwide, the currency itself can be utilized in multiple ways just as any other truly functioning currency.

So… What’s the use of Dentacoin?

Let’s dive into the eight main use cases defining Dentacoin’s place in today’s multi-currency world. Spoiler alert: it’s not only the global community of 1.6 mio dentists that could benefit from Dentacoin. Potential users include but are not limited to everyone who could ever be in need of dental treatment.

#1 Earning rewards and bonuses

Dentacoin (DCN) is embedded in a set of applications that enable users to earn rewards for various activities like taking surveys on DentaVox, submitting detailed feedback to their dentists on Dentacoin Trusted Reviews, or maintaining proper oral hygiene through the 90-day Dentacare app challenge. Additionally, dentists are rewarded with DCN for their willingness to become partners, for testing, patient referrals and overall contribution.

Not only that, but Dentacoin is also used to reward exceptional employee achievements by the founding company itself, as well as by some of its partners. Community efforts such as new ideas, testing tools, finding vulnerabilities are also incentivised in DCN.

#2 Covering dental treatment costs

Who doesn’t need a dental treatment at some point of their life? Only this use case alone covers billions of potential users around the globe. All Dentacoin applications serve as a smart patient loyalty program already used by 1,800+ dentists globally to drive patient growth. Moreover, more than 90 organisations in 23 countries accept Dentacoin as a means of payment (see partner network).

The best part is you don’t have to wait for your dentist to start working with Dentacoin in order to use the developed tools and earn DCN. You can go to www.dentacoin.com, register and start using them immediately.

#3 Paying Dentacoin Assurance monthly fees

The latest game-changing product launched by Dentacoin Foundation is the first dental assurance program based on direct smart contracts between patients and dentists. Through Dentacoin Assurance, patients are entitled to lifelong preventive care against affordable monthly fees paid exclusively in Dentacoin (DCN). Dentists receive regular income and build solid patient relations.

#4 Paying for dental supplies and equipment

Yes, you guessed it right. Dentists are also able to spend Dentacoin for their daily business needs. From ordering dental materials (e.g. implants) and laboratory services (we also have labs in our network), through buying equipment (e.g. mobile dental care chairs), to paying for website development or recruitment – all this is even now possible within the Dentacoin network.

Dentacoin Partner Network

#5 Spending it on various other goods and services

“Dentacoin is used exclusively to pay your dentist which makes its scope very narrow”. You have heard this statement before, haven’t you? The fact that Dentacoin Foundation develops software solutions used by dentists and their patients does not mean that the currency itself can only be spent for dental treatments.

Bidali now makes this fact more obvious than ever. Thanks to Bidali now you can pay for various gift cards directly with Dentacoin (DCN), including but not limited to clothing, food and beverages, games and entertainment, sporting goods, homes and renovation, hotels, airlines and travel, electronics and so much more!

#6 Trading it against other cryptocurrencies

Going to the more standard use cases, you can trade Dentacoin against hundreds of other cryptocurrencies on various international exchange platforms like: HitBTC, CoinExchange, Mercatox, LATOKEN, Indacoin, Changelly, ChangeNOW, and many more.

You can also buy DCN with a 0% fee thanks to our cooperation with Indacoin.

And yes:

#7 Exchanging it to traditional currencies

Considering that the majority of Dentacoin users are outside the crypto space, it’s worth mentioning that DCN can be exchanged to any traditional currency (USD, EUR, GBP, INR, etc.) and thus used for whatever purpose one wants or needs. Currently, for most currencies that would involve a two-step approach: 1) Exchange DCN to BTC/ETH; and 2) Exchange BTC/ETH to your national currency.

#8 Holding it for later use and/or value multiplication

As explained above, Dentacoin is being spread among more and more people though their contribution to the Dentacoin Ecosystem. The more people use the currency, the higher its inherent value is expected to grow (“network effect”). Therefore, a lot of people (35,000+, to be exact) prefer to securely store their tokens in wallets and expect a future value multiplication before they decide to pay with DCN for services/ goods or exchange it for another currency.

As wallets you can use: Dentacoin Wallet dApp, MyEtherWallet, MetaMask, Jaxx, Imtoken, Coinomi, Trust Wallet, Trezor, Ledger Nano S, and many more.

Any ideas how to enhance the use of DCN?

Share in the comments below, let us know at admin@dentacoin.com or contact us through our social channels.

We are always here to listen!

Also published on Medium.