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Helium is now listed on Cryptology!

December 1, 2023
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Buy, sell and trade HNT
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📈 Spot trading of HNT/USDT

What is Helium?

Helium is a blockchain that is designed for Internet of Things devices.

IoT devices come with sensors, processing ability, and software that connect with other tech across different networks and the internet. As of 2023, Helium operates via the Solana blockchain.

Wireless devices can connect to Helium’s mainnet to communicate and send data to one another across network nodes. These nodes act as hotspots, which are a wireless gateway and mining device for the blockchain all in one. 

Node operators can become active participants in the Helium ecosystem. By doing so, you can mine and earn additional rewards. 

Helium runs on a new consensus mechanism called Proof of Coverage. This allows node operators to run connections in underserved areas. From there, this gives operators an idea of where connections are available. 

You can also deploy 5G coverage via Helium. Setting this up allows you to mine MOBILE as you provide a cellular network to other users.

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The Helium token

The native token of Helium is HNT, which has several use cases.

By burning HNT tokens, users generate Data Credits, which are used to pay for sending device data across Helium.

The relationship between HNT and the Data Credits is known as a burn and mint equilibrium. This allows the supply of HNT to remain stable as network usage increases.

MOBILE and IOT tokens can be redeemable for HNT within the network.

Other uses for HNT include: 

  • Hotspot hosts and operators are rewarded
  • Enterprises and developers use Helium and HNT to pay for fees

Distribution of HNT token is as follows: 

  • 35% - Hotspot Infrastructure
  • 35% - Helium, INC and Investors
  • 30% - Network Data Transfer

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HNT’s market stats:

  • Current market cap: $389,411,051
  • Circulating supply: 143,934,821 HNT
  • Max supply: 223,000,000 HNT
  • Twitter: 188,804 followers 

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Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.