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Helium (HNT) is a decentralized, Blockchain-supported network for the Internet of Things (IoT) devices.
What is Helium (HNT)?
Launched in July 2019, the Helium mainnet allows low-power wireless devices to communicate with each other and transmit data over the node network. Nodes come in the form of Hotspots, which are a combination of a wireless network gateway and a blockchain mining device. Thus, users operating nodes can mine Helium’s native cryptocurrency, HNT, and earn rewards.
On the other hand, since its inception in 2013, Helium aims to prepare IoT communications for the future by identifying deficiencies in the existing infrastructure.
Helium aims to enhance the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, the IoT infrastructure was still in its infancy, but developers wanted to add decentralization to their offerings, hence Helium is officially referred to as “The People’s Network” in the literature.
According to statements, the project is expected to draw primary interest from device owners and those involved in the IoT field, with financial incentives being provided to facilitate greater access.
In addition, network participants purchase or create their Hotspots, a combination of a wireless network gateway and a miner. Each access point provides network coverage over a certain radius and can also mine Helium’s native token, HNT.
Furthermore, Helium has three founding partners: Amir Haleem, Shawn Fanning, and Sean Carey. According to announcements, the project team consists of experts in their field.
At the time of writing, HNT Coin, trading at 4.03 USD, is also trading at 0.00008241 BTC in the HNT BTC trading pair. According to CoinMarketCap data, Helium Coin, ranked 120th with a trading volume of 293,961,301 USD, also notes that the trading volume in the last 24 hours was 281,622 USD.
Additionally, Helium Coin, which hit a record high of 5.15 USD on February 14, 2021, also saw its lowest level at 0.2534 USD on June 10, 2020. Currently, there are 72,884,890 Helium Coins in circulation, and this number is expected to reach a maximum of 223,000,000 HNT Coins.
Where to Buy HNT Coin?
HNT Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To buy HNT Coin, you first need to sign up for Binance and then send fiat currency. After sending a fiat currency like Turkish Lira or USD, you can buy Tether (USDT) or Bitcoin (BTC) in which HNT Coin is traded, and then make a purchase in the HNT trading pair.
Additionally, on Binance, users can place orders to buy at a price lower than the market value. To do this, use the Limit tab and enter the amount you want to buy and the price you want to pay.
