Sentinel

price
change

Discover Sentinel's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Sentinel?

Sentinel (DVPN) is a cryptocurrency that powers a decentralized virtual private network (dVPN) ecosystem. It operates on the Cosmos blockchain and enables a peer-to-peer marketplace for buying and selling bandwidth, providing enhanced privacy and security through a decentralized, distributed network of nodes. The $DVPN coin serves as a utility medium for accessing and paying for VPN services, incentivizing network participants, and potentially participating in governance decisions.

How is Sentinel used?

The crypto Sentinel (DVPN) is the native cryptocurrency of the Sentinel Network, a decentralized virtual private network (dVPN) built on the Cosmos blockchain. It serves primarily as a utility medium within the Sentinel ecosystem, facilitating transactions and incentivizing network participants. Here are the key ways DVPN is used:

  1. Transactional Currency: DVPN is used to pay for VPN services within the Sentinel Network. Users can purchase bandwidth and access VPN nodes using DVPN, ensuring secure and private internet connections.

  2. Incentivizing Network Participants: DVPN rewards those who provide bandwidth to the network. Node hosts and validators are incentivized to contribute to the network, ensuring its continued operation and growth.

  3. Governance: DVPN holders can participate in the governance of the Sentinel Network by staking their tokens and delegating their voting power to validators. This allows them to influence decision-making processes and shape the future of the protocol.

  1. Revenue Share: DVPN stakers earn a percentage of the payments made to dVPN nodes for bandwidth, providing a passive income stream.

  2. Economic Model: The DVPN token is integral to the Sentinel Network's economic model, which is designed to be community-driven and transparent. The token's value is influenced by market dynamics and can be traded on various cryptocurrency exchanges.

Overall, the Sentinel (DVPN) token plays a crucial role in maintaining the decentralized and secure nature of the Sentinel Network, ensuring that users have access to private and secure internet connections while incentivizing network participants to contribute to its growth.

How do I store Sentinel?

To store Sentinel (DVPN) tokens, you have several options:

  1. KuCoin Account: You can hold your DVPN tokens in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, ensuring security and convenience.

  2. Non-Custodial Wallets: For enhanced security, you can withdraw your DVPN tokens to a non-custodial wallet, such as hardware wallets, Web3 wallets, or paper wallets. This option grants you complete control over your private keys but may be less convenient for frequent trading.

  3. Keplr Wallet: The Keplr wallet is another popular option for storing and managing DVPN tokens. It is a non-custodial wallet that allows you to delegate your tokens to earn staking rewards.

  1. Leap Wallet: Leap Wallet is a mobile-compatible wallet that can be used to store DVPN tokens. It is recommended as an alternative to the discontinued Sentinel Desktop Wallet.

Choose the method that best fits your needs and preferences, considering factors such as security, convenience, and trading frequency.

How to buy Sentinel?

To buy Sentinel (DVPN) tokens, follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Select a reliable CEX such as AscendEX, Binance, or MEXC, which supports Sentinel (DVPN) trading.
  2. Register and Verify Your Account:

    • Sign up for an account on the chosen CEX's official website or mobile app.
    • Verify your identity to ensure compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.
  3. Fund Your Account:

  • Deposit funds into your CEX account using methods such as credit cards, bank transfers, or other cryptocurrencies like USDT, BTC, or ETH.
  1. Buy Sentinel (DVPN):

    • Use the deposited funds to purchase Sentinel (DVPN) directly or by converting other cryptocurrencies to DVPN.
  2. Store and Manage Your DVPN:

    • Store your Sentinel (DVPN) in the CEX wallet or transfer it to a personal crypto wallet for long-term storage.
    • You can also trade, earn rewards, or use DVPN for various purposes.

By following these steps, you can easily buy and manage Sentinel (DVPN) tokens on a centralized exchange.

Discover
Sentinel
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Sentinel

Sentinel, also known as DVPN, is a decentralized peer-to-peer bandwidth distribution network built on the Cosmos SDK and Tendermint blockchain. The project focuses on providing a decentralized virtual private network (dVPN) protocol that allows users to monetize their bandwidth and enables the development of white-label VPN services. This decentralized approach offers higher security, privacy, and censorship resistance compared to traditional VPN solutions.

Key Milestones
  • 2019: Sentinel's testnet, built on Ethereum, was launched, and a token swap was conducted to convert ERC-20 $SENT tokens to the native Cosmos-based $DVPN tokens.
  • 2021: Sentinel's decentralized VPN protocol officially launched on the Cosmos mainnet, marking a significant milestone in the project's history.
  • 2024: The project continued to grow, with significant updates and developments, including the release of new dVPN applications and partnerships to expand its reach, particularly in the Chinese market.
Governance and Functionality
  • DVPN Coin: The native token of the Sentinel blockchain, used for governance, payment for bandwidth, revenue sharing, staking, and transaction fees. Staked coin holders can participate in decision-making processes, including protocol changes and funding allocations.
  • Staking and Governance: DVPN holders can delegate their voting power to validators on the Sentinel network to earn rewards in newly minted tokens and participate in on-chain governance.
Security and Privacy
  • Decentralized Nature: Sentinel's decentralized architecture ensures that no single entity controls the network, reducing the risk of hacking and data breaches. The open-source code and transparent nature of the software also contribute to its security.
  • Bandwidth Marketplace: Users can sell their bandwidth on the Sentinel marketplace and be rewarded in DVPN tokens, promoting a community-driven approach to maintaining the network.

Overall, Sentinel (DVPN) has established itself as a prominent player in the decentralized VPN space, focusing on user privacy, security, and censorship resistance.

Discover
Sentinel
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Sentinel works

The Sentinel (DVPN) cryptocurrency is an integral part of a decentralized Virtual Private Network (dVPN) ecosystem. It operates on the Osmosis platform and is designed to provide secure and private internet access through a decentralized network of nodes. Here's how it works:

Key Components
  1. Decentralized Network: Sentinel's dVPN operates on a decentralized, distributed network of nodes run by various individuals or entities. This structure enhances privacy and security by making it more resistant to censorship and targeted attacks.

  2. Node Marketplace: The Sentinel Network is a decentralized, blockchain-based node marketplace where anyone can buy and sell bandwidth. This allows multiple VPN providers to access the network, offering users a more diversified and competitive framework.

  3. DVPN Coin: The DVPN coin is the native cryptocurrency of the Sentinel Network. It serves several purposes within the ecosystem:

  • Payment for Bandwidth: Users can use DVPN coins to purchase bandwidth from node hosts, ensuring seamless and private internet connectivity. Payments can be made directly or through periodic subscriptions.

  • Revenue Sharing: Node owners earn revenue by selling bandwidth, and 20% of these earnings are shared with DVPN stakers, incentivizing network participation.

  • Staking: DVPN coins are used for staking within the Sentinel Network. Validators and delegators stake DVPN coins to secure the network and participate in the consensus process, earning rewards in DVPN coins.

  • Governance: DVPN coin holders can participate in the decision-making process by voting on proposals related to network upgrades, protocol changes, and other matters affecting the ecosystem.

  • Transaction Fees: DVPN coins are used to pay for transaction fees within the Sentinel Network, ensuring secure and efficient transactions.

User Benefits
  1. Enhanced Privacy: Sentinel's decentralized structure and blockchain technology ensure greater transparency and trustlessness compared to traditional VPNs.

  2. Passive Income: Users can earn passive income by running a node or buying a router and selling their unused bandwidth to the Sentinel network.

  3. Customizable Subscriptions: Application builders can create customized subscription plans, allowing users to choose which nodes they can access, the amount of data they can use, and the amount they pay per month.

  1. Robust Security: Sentinel nodes offer users a choice between two of the best VPN routing protocols, providing optimal VPN connectivity and robust security.
Conclusion

Sentinel (DVPN) is a promising cryptocurrency that offers a unique solution to the growing need for online privacy and security. Its decentralized VPN ecosystem, robust tokenomics, and dedicated team make it a standout project in the blockchain space. As the demand for secure and private internet access continues to rise, Sentinel is well-positioned to become a leading player in this niche market.

Discover
Sentinel
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Sentinel's strengths

Sentinel (DVPN) has several strengths that contribute to its potential success:

  1. Decentralized VPN Ecosystem: Sentinel operates on a decentralized Virtual Private Network (dVPN) ecosystem, providing secure and private internet access. This decentralized approach sets it apart from traditional VPN services and offers a unique solution for users seeking enhanced online privacy and security.

  2. Robust Tokenomics: Sentinel's tokenomics are designed to incentivize staking and reward early adopters. The network employs a decreasing inflation reward schedule and a fixed maximum token supply, which helps maintain the network's resilience through staking.

  3. Governance and Staking: DVPN holders can participate in governance by voting on proposals related to network upgrades, protocol changes, and funding allocations. Additionally, staking DVPN coins allows users to secure the network and earn rewards, further enhancing the network's stability.

  1. Revenue Sharing: Sentinel's protocol enables revenue sharing from dVPN node owners, with 20% of earnings going to DVPN stakers. This revenue sharing model encourages node owners to contribute to the network and rewards stakers for their participation.

  2. Growing Demand for Decentralized VPN Services: The increasing demand for decentralized VPN services is expected to drive the growth of Sentinel. As more users seek secure and private internet access, Sentinel is well-positioned to capitalize on this trend.

  3. First-Mover Advantage: Sentinel has a first-mover advantage in the decentralized VPN space, allowing it to establish itself as a leader in this niche market. This early mover status can help Sentinel capture a significant share of the growing VPN market.

  1. Potential for Partnerships: Sentinel's decentralized VPN ecosystem and robust tokenomics make it an attractive partner for other companies seeking to integrate secure and private internet access into their services. Potential partnerships could further boost Sentinel's growth and adoption.

These strengths collectively contribute to Sentinel's potential for growth and its ability to capture a significant share of the VPN market.

Sentinel's risks

Sentinel (DVPN) is considered a high-risk investment according to InvestorsObserver research. The proprietary risk gauge assesses the token's susceptibility to manipulation by analyzing the amount of money required to shift its price over a 24-hour period, along with recent changes in volume and market capitalization. This gauge scores between 0 and 100, with lower scores indicating higher risk and higher values representing lower risk.

Discover
Sentinel
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Sentinel raise funds?

Discover
Sentinel
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Sentinel’s team

  • Dan Edlebeck: Founder of EXIDIO and CEO of Sentinel, instrumental in developing secure end-to-end encrypted applications on top of Sentinel’s decentralized virtual private network infrastructure.
  • 80+ Validators and Full Nodes: The Sentinel Network is supported by a team of validators and full nodes, ensuring a decentralized and secure network.
  • Advisors and Partners: The Sentinel network has a range of advisors and partners who contribute to its development and growth, including experts in blockchain technology, cybersecurity, and decentralized systems.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Latest news

Want an analysis of Sentinel? Tell us on discord.

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM