The Helium (HNT) token is the native cryptocurrency of the Helium network, a decentralized wireless network designed to provide coverage for Internet of Things (IoT) devices. Launched in 2019, Helium aims to create a global, crowd-sourced, and community-driven network that enables IoT devices to communicate and transmit data efficiently.Helium's unique approach to IoT connectivity and the HNT token's role in incentivizing network growth have garnered attention within the blockchain and IoT communities.
HNT tokens serve as the incentive mechanism for participants in the Helium network. Individuals can deploy and maintain low-power wireless hotspots that provide coverage for IoT devices. In return for their efforts, hotspot owners earn HNT tokens by validating and relaying device transmissions.
The Total Supply of HNT tokens is 223,000,000 pieces, the current circulation is about 143,934,820 pieces, and the market circulation accounts for 65% of the total. The current price of a HNT is $1.65, a decrease of 73% compared to half a year ago. The current total market value of HNT is $237,577,440, and the FDV is about $368,081,669.
The Helium project was co-founded by Amir Haleem, Sean Carey, and Shawn Fanning. Fanning, known for his involvement in the music-sharing platform Napster, brought his expertise in peer-to-peer technology to the Helium network. The team is dedicated to creating a robust and cost-effective solution for IoT connectivity that empowers both individual users and larger organizations.
The Helium (HNT) token is the native cryptocurrency of the Helium network, a decentralized wireless network designed to provide coverage for Internet of Things (IoT) devices. Launched in 2019, Helium aims to create a global, crowd-sourced, and community-driven network that enables IoT devices to communicate and transmit data efficiently.Helium's unique approach to IoT connectivity and the HNT token's role in incentivizing network growth have garnered attention within the blockchain and IoT communities.
HNT tokens serve as the incentive mechanism for participants in the Helium network. Individuals can deploy and maintain low-power wireless hotspots that provide coverage for IoT devices. In return for their efforts, hotspot owners earn HNT tokens by validating and relaying device transmissions.
The Total Supply of HNT tokens is 223,000,000 pieces, the current circulation is about 143,934,820 pieces, and the market circulation accounts for 65% of the total. The current price of a HNT is $1.65, a decrease of 73% compared to half a year ago. The current total market value of HNT is $237,577,440, and the FDV is about $368,081,669.
The Helium project was co-founded by Amir Haleem, Sean Carey, and Shawn Fanning. Fanning, known for his involvement in the music-sharing platform Napster, brought his expertise in peer-to-peer technology to the Helium network. The team is dedicated to creating a robust and cost-effective solution for IoT connectivity that empowers both individual users and larger organizations.