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Helium, the element that naturally rises.
Helium, the network rising to provide mass decentralized wireless infrastructure.
$HNT, the token rising to new highs.
Let’s fill that balloon with Helium and explore “The People’s Network!”
What is Helium?
Helium is a blockchain-driven Internet of Things (IoT) network that was first envisioned in 2013 and later launched in 2019. The mission is to reshape the world of wireless technology and place it in the hands of the people, through Helium, “The People’s Network”.
How Does Helium Work?
Anyone and everyone can deploy wireless networks through Helium, which consists of nodes known as Hotspots. Hotspots are physical devices that can be set up in your home, office or any environment and power your area with a wireless connection for ultra-low power.
Helium Hotspots don’t use expensive and energy-consuming GPU mining, instead, Helium mines $HNT tokens via radio technology. Hotspot operators are rewarded with the mined $HNT tokens for securing the network and providing wireless network coverage. All Hotspots within the network seamlessly work together to form a global wireless network.
Helium Network Statistics
Across the globe, there have been over 1.01M connected Hotspots and over 354K active Hotspots in the past 30 days. Currently, over 89M $HNT tokens are emitted daily to Hotspot operators that earn mining rewards. Many individuals are using and utilizing the Helium network, including large organizations such as Agulus, Airly, Nowi, One Planet and many more.
Helium 5G
Developing at rapid speed, the latest innovation to come to the network is Helium 5G, which enables anyone to earn $MOBILE tokens for providing cellular connection. The Helium network strives to provide the ultimate decentralized wireless infrastructure.
Helium Token ($HNT)
The Helium Network Token ($HNT) is the native token which is primarily used to access wireless connectivity. $HNT can also be burned to create Data Credits and send device data. The Helium token can also back other governance tokens within the ecosystem and finally, $HNT is used as the mining reward for Hotspot operators.
Conclusion
According to CoinMarketCap, at the time of writing, $HNT is trading at $6.21 with a large market cap of $1.06B, ranking it the 67th largest crypto. $HNT has achieved an ATH of $55.22 in the previous bull run of 2021 and many expect the token to once again run to great heights.
In the last year alone, $HNT is up over 325%, despite the rough market conditions we have experienced. Helium is ready to drive the DePin narrative and lies within the thriving Solana ecosystem. So, you may want to grab hold of your Helium balloon because we could be on our way to the top!
Official Helium Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
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