Helium - The future of wireless communication

Helium (HNT)

What is Helium?

Helium is a decentralized network that provides wireless coverage for compatible Internet of Things (IoT) devices. Users (you and me) can set up a hotspot to assist in providing public, long-range, wireless coverage and receive HNT tokens in exchange. Basically, you are paid to run a hotspot for the Helium wireless network.

Why does Helium have value?

Helium is incentivizing users to participate in building out a completely decentralized peer-to-peer wireless network. They make it easy for anyone to participate and to earn rewards for providing hotspots. This could be the future of decentralizing wireless data communication.

What are the benefits of Helium?

●       Fast and secure network.

●       Mining is not as resource-intensive as Proof-of-Work blockchains and equipment costs less.

●       Helium wireless connection is more efficient than traditional alternatives.

What are the disadvantages of Helium?

●       Difficulty in overtaking traditional telecommunications companies.

What are HNT’s tokenomics?

The maximum supply is 223 million HNT, with 99.6 million currently in circulation. 30% of the supply is rewarded to miners; 35% to participants and creators of Proof-of-Coverage challenges; and 35% to Helium, Inc., the founding company, as well as investors and governance organizations.

Who founded Helium:

Amir Haleem, Shawn Fanning, and Sean Carey, who have previous experience in P2P and financial companies.

Who are Helium’s investors?

Helium has conducted 6 funding rounds and raised $164.8 million. Its investors include Andreessen Horowitz, Karnina Yashwant, Alameda Research, Multicoin Capital, Ribbit Capital, 10T Holdings, Khosla Ventures, Digital Garage, and Munich Re Ventures.

Concise Crypto Grade:

A- : Helium is producing another world class use case for crypto and the power of decentralized networks. A completely decentralized peer-to-peer wireless network that incentives the community to run hot spots. An amazing idea! It is backed by some of the biggest names in the crypto venture capitalist space and is getting more and more mainstream media attention. We love the Helium project and think it will be around for a long time with the potential to overtake some of the world's largest players like Verizon, AT&T, and more. **Not financial advice.

Where can I buy HNT?

Binance, FTX, Gate.io, Crypto.com, WazirX, CoinEx.

What ecosystem does Helium run on?

Helium