| Full Currency Name | /HNT |
| Currency Code | HNT |
| Coin Intro | "Helium, abbreviated as HNT, has a total supply of 223 million HNT.
Helium was founded in 2013 by Shawn Fanning, Amir Haleem, and Sean Carey with the mission to connect everything easily. With Helium hotspots, anyone can earn cryptocurrency by establishing wireless networks in their city and creating a more connected future.
The HNT token is mined on The Peoples Network and distributed among Hotspot owners, Helium Inc., and investors. It adopts a Burn and Mint Equilibrium model, enabling two units of exchange: HNT and Data Credits.
HNT is the cryptocurrency earned by Hotspots when they provide and validate wireless coverage and transmit device data through the network.
Data Credits: Data uses Data Credits to send data over the network and pay for blockchain transaction fees. Data Credits are created by burning HNT, are non-exchangeable, and bind to a single user.
Helium is a globally distributed network of Hotspots that creates public long-range wireless coverage for LoRaWAN-enabled IoT devices. Hotspots generate and are compensated with HNT, the native cryptocurrency of the Helium chain blockchain. The Helium blockchain is a new, open-source public blockchain designed solely to incentivize the creation of physical, decentralized wireless networks. Today, the Helium chain and its thousands of hotspots provide access to the worlds largest LoRaWAN network.
The Peoples Network leverages a novel incentive model enabled by the Helium blockchain to empower and enhance connectivity. Hotspots use Helium LongFi to provide miles of wireless coverage for millions of devices in your area, rewarding you with HNT. Due to an innovative work verification model (known as Proof-of-Coverage), your Hotspot uses only 5 watts of power.
There is no pre-mining for HNT, with a maximum supply of 223 million HNT tokens.
HNT Distribution Rules:
Year One Breakdown:
Network Data Transfer 30%: Rewards for listening to devices and relaying packets to the internet.
Hotspot Infrastructure 35%: Rewards for participating, witnessing, and creating Proof-of-Coverage Challenges.
Helium Company and Investors 35%: Assigned to founders, investors, and companies responsible for managing blockchain mechanisms.
The distribution of HNT gradually changes to align with network demand and reward mechanisms. Initially, a larger share of HNT was distributed to Hotspot owners building and securing network coverage. As the network grew, Hotspots earned more tokens by transmitting device data over the network compared to the smaller share allocated to Helium Inc. and investors. After 20 years, the allocation remains fixed.
Network Data Transfer Rewards:
Data transfer rewards are issued at a 1:1 ratio with HNT spending, capped at 30% (first year) of the total HNT minted. The remainder flows into the Proof of Coverage pool, rewarding early network coverage completion.
The HNT mined comes entirely from the original mint issuance, starting at 5 million HNT per month and halving every two years. As of August 1, 2021, the net issuance of HNT will drop to 2.5 million per month.
Helium has raised equity funding from some of the most prominent venture capital (VC) firms globally, including Khosla Ventures, FirstMark Capital, GV (formerly Google Ventures), HSB/MunichRe Ventures, Union Square Ventures, Multicoin Capital, and others.
Founders and Team:
Amir Haleem (CEO & Co-Founder):
Amir is the CEO and co-founder of Helium. Prior to Helium, Amir served as CTO at Diversion, a startup in the video game industry, for many years. He was one of the masterminds behind Battlefield 1942, a flagship title from Stockholm game studio DICE. In his spare time, Amir is a former world champion esports gamer, co-founder of the popular esports community esreality.com, and participated in 90s Japanese motorsports as a driver.
Marc Nijdam (CTO):
Marc Nijdam is a proven technology leader with over 25 years of experience. His background is diverse, having led commercial research projects at HP and managed technology teams for Qualcomm products and services. Marc focuses on designing, scalability, and flexibility for products, software, and development teams. A typical Dutchman with a unique personality, Marc enjoys boating trips and often goes on outdoor adventures with his wife and dog.
Frank Mong (COO):
Frank Mong is Heliums Chief Operating Officer, primarily overseeing sales, marketing, and business development. Before joining Helium, Mong had a 20-year career in cybersecurity, serving as CMO at Hortonworks, SVP of Marketing at Palo Alto Networks, and VP/GM of Security at HP.
The current price of HNT is $2.97, with a 24-hour trading volume of $6.70939 million. HNT has decreased by 14.36% in the last 24 hours. Currently, it ranks #86 on BeeChat with a market cap of $477 million USD. Its circulating supply is 160.875 million HNT, and its total supply is 223 million HNT." |
| Issue Date | 1620979200000 |
| All-Time High | $55.592492 |
| All-Time Low | $0.69363981 |
| Total Supply | 223000000 |
| Circulating Supply | 160875441.8242 |
| Circulating Supply Percentage | 0.7214145373282511 |
| Market Cap | 1971339288404 |
| Fully Diluted Market Cap | $1.3296145739910315e-8 |
| Mkt Cap (Float) | $477002200 |
| Circulating Market Cap % of Global Total | 0.00024196859607367836 |
| Listed on Exchanges | 15 |
| Official Link | https://www.helium.com/ |
| Whitepaper | http://whitepaper.helium.com/ |
| Blockchain Explorer |
"https://explorer.helium.com/"
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| Telegram |
"https://t.me/helium_network"
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| Github | https://github.com/helium/airship |
| Twitter | https://twitter.com/helium |
| FaceBook | |
| Reddit | https://www.reddit.com/r/HeliumNetwork |
