Current Helium (HNT) Market Data
- Price: $2.23 USD
- 24h Trading Volume: $9.31 million
- Circulating Supply: 184.5 million HNT
- Max Supply: 223 million HNT
What Is Helium?
Helium is a decentralized wireless network enabling low-power IoT devices (called miners) to communicate with the internet via hardware called Hotspots. Participants earn HNT tokens for providing network coverage and relaying data.
Key Features:
- Uses proof-of-coverage (PoC) to validate Hotspot locations
- Supports LongFi protocol for battery-efficient IoT communication
- Rewards users in HNT for network participation
History of Helium Network
Founded in 2013 by Shawn Fanning, Amir Haleem, and Sean Carey, Helium addresses the limitations of traditional wireless infrastructure for IoT devices.
Milestones:
- 2019: Launched first Hotspots
- 2021: Reached 100,000+ active nodes; raised $111M in token sale
- 2023: Expanded global coverage with 500,000+ Hotspots
👉 Discover how decentralized networks are transforming connectivity
How Helium Works
- Hotspots provide wireless coverage and mine HNT.
- Proof-of-Coverage (PoC) verifies Hotspot locations via radio waves.
- LongFi Protocol enables low-power IoT devices to transmit data.
- HNT Rewards are distributed based on network contribution.
Tokenomics:
- Initial issuance: 5M HNT/month (halved every 2 years)
- Current issuance: 2.5M HNT/month (as of August 2021)
- Data Credits (DCs): Created by burning HNT for network fees
Use Cases for Helium (HNT)
- Hotspot Rewards: Earn HNT by providing network coverage.
- Data Credits: Pay for IoT data transmission (1 DC = $0.00001).
- Staking: Lock HNT to earn passive income.
Example Applications:
- Smart agriculture sensors
- GPS tracking devices
- Urban air quality monitoring
Helium vs. Traditional IoT Networks
| Feature | Helium Network | Traditional IoT |
|---|---|---|
| Cost | Low (decentralized) | High (cellular) |
| Coverage | Crowdsourced | Carrier-dependent |
| Power Use | Ultra-low | Moderate |
FAQ: Helium (HNT) Explained
Q: How do I start mining HNT?
A: Purchase a Helium Hotspot, set it up, and earn rewards based on your location’s coverage quality.
Q: What’s the difference between HNT and Data Credits?
A: HNT is the native cryptocurrency; Data Credits (burned HNT) pay for network usage.
Q: Can I stake HNT?
A: Yes! Stake HNT in supported wallets to earn additional rewards.
Q: Is Helium secure?
A: Absolutely. PoC and blockchain encryption ensure network integrity.
Q: What devices use Helium?
A: IoT sensors for asset tracking, environmental monitoring, and more.
👉 Learn how to maximize your HNT rewards
Future of Helium
With 5G expansion and IoT adoption, Helium’s decentralized model positions it as a key player in wireless infrastructure. Partnerships with companies like Invoxia highlight real-world utility.
Key Takeaways:
- HNT powers The People’s Network for IoT
- Hotspots earn passive income via mining
- Low-cost alternative to cellular IoT
Keywords: Helium, HNT price, decentralized wireless, IoT mining, proof-of-coverage, Hotspot, LongFi, Data Credits
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