Helium Coin is the native cryptocurrency of Helium, a decentralized blockchain-supported network for the Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-power wireless devices to communicate with each other and send data over the node network. Users operating the nodes mine in Helium’s native cryptocurrency, HNT, earning rewards.
Additionally, Helium’s goal since its inception in 2013 has been to identify deficiencies in the existing infrastructure and prepare IoT communication for the future.
What is HNT Coin?
HNT coin is the native token of the Helium Coin platform. The Helium Blockchain creates a unique incentive model that rewards anyone creating wireless network coverage in the new cryptocurrency, HNT. Hundreds of compatible Hotspots can be used to create a wireless network and provide connectivity to billions of IoT devices worldwide.
From smart pet collars to bicycle trackers, air quality and environmental sensors, hundreds of companies and thousands of developers are already using IoT applications on the People’s Network. Millions of new and existing solutions, sensors, and devices can now connect to the Internet without Wi-Fi or cellular, using ‘LongFi’, a powerful combination of the LoRaWAN wireless protocol and the Helium Blockchain.
Additionally, everyone can earn HNT by simply setting up The People’s Network and participating in a new proof-of-work model, Proof-of-Coverage. HNT can also be earned by transmitting IoT device data. IoT devices need to use Data Credits to use the network and transfer data.
On the other hand, Helium uses a custom consensus mechanism called proof-of-coverage (PoC) to validate transactions and provide stability, rewarding users. PoC is based on the HoneyBadger BFT protocol, specially designed for node communication under unreliable conditions.
In addition, Helium’s three co-founders, Amir Haleem, Shawn Fanning, and Sean Carey, established the company in 2013. Haleem has an active background in eSports and game development. Fanning, conversely, is known for developing Napster, one of the first mainstream peer-to-peer (P2P) internet services in the late 1990s. Before Helium, Carey had multiple application development roles, including at an advertising optimization firm, Where, which was acquired by PayPal.
Helium Coin Review
Helium’s focus on the Internet of Things, or IoT, is considered a factor increasing its popularity. With the advantages offered by the platform, interest in the HNT token also seems to be increasing.
Looking at the charts, the HNT coin saw an increase after being listed on Binance, and although there was a subsequent decline, it continues to attract interest.
Where to Buy Helium Coin?
Helium coin is listed on exchanges like Bilaxy, Binance, and Hotbit. However, it is also important to check the current figures of the token.
According to CoinMarketCap data at the time of writing, the HNT token, with a market cap of 67,942,125 USD, ranks 124th and is trading at $1.36. It’s also worth mentioning that the HNT token reached a record high of $4.03 on September 24, 2020, and a low of $0.2533 on June 10, 2020.
In addition, there are currently 50,076,990 HNT in circulation, with a plan to reach a total of 54,903,342 HNT.
Buy Helium Coin
The HNT token can be purchased quickly and securely through Binance, the world’s largest cryptocurrency exchange by trading volume.
