#138

Helium

HNT
0.0000323 BTC
$3.38
24h: +6.54% 7d: -27.94%
All Time High $54.88 Nov 13, 2021
24h
$3.01 $3.54
24h Volume $7.42M

Price Chart

About Helium

Helium (HNT) - The People's Network

Helium is a revolutionary decentralized machine network that leverages a physical blockchain to empower a new era of wireless connectivity. This innovative platform is designed specifically for the Internet of Things (IoT), enabling devices to connect seamlessly and efficiently via a network of community-operated Hotspots.

How It Works

Hotspot operators play a crucial role in the Helium ecosystem, serving as both network providers and miners. By deploying a Helium Hotspot, individuals can earn HNT tokens based on the coverage they provide, as well as from transaction fees incurred when devices connect through their gateways. This dynamic model promotes community engagement and incentivizes the expansion of the network.

Mining and Distribution

Helium is unique in that it has no pre-mine; approximately 5,000,000 new HNT tokens are minted every month. At the end of each mining period, which occurs roughly every 30 to 60 minutes, tokens are distributed to various stakeholders including Hotspot owners, Helium Inc, and investors.

Key Features

  • Decentralized Wireless Infrastructure: Helium represents a paradigm shift in how wireless networks are built and maintained, promoting a user-driven approach.
  • Massive Coverage: With over 1,018,784 Hotspots deployed globally, the Helium Network is the largest LoRaWAN network and one of the fastest-growing cellular networks.
  • Low-Cost Connectivity: Helium provides a scalable and affordable alternative to traditional cellular contracts, allowing devices to operate for mere cents annually.
  • Community Governance: The Helium Network operates on open-source technology and is governed by its global community, ensuring transparency and collaboration.

Applications and Ecosystem

Helium's network supports a wide range of applications, from agricultural monitoring and asset tracking to smart city solutions. Businesses and developers can easily integrate with Helium's infrastructure, utilizing existing sensors and devices for streamlined deployment.

With continued advancements, including the recent integration with the Solana Blockchain, Helium is positioned to offer enhanced speed and reliability, further solidifying its role as a leader in decentralized connectivity.

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Categories

Communication Internet of Things (IOT) Smart Contract Platform Solana Ecosystem DePIN Multicoin Capital Portfolio Proof of Stake (PoS) Alameda Research Portfolio Pantera Capital Portfolio Andreessen Horowitz (a16z) Portfolio Made in USA

Market Data

Rank
#138
Market Cap
$558.69M
Volume
$7.42M
Circulating Supply
177.39M HNT
Total Supply
223M HNT
Max Supply
223M HNT

Additional Information

Genesis Date
24h Market Cap Change
$-52.77M
24h Market Cap Change %
-8.63%