Helium $HNT

Helium is a revolutionary decentralized machine network, leveraging the power of a physical blockchain. The backbone of this network comprises gateway operators, also serving as miners, who earn tokens based on the coverage they provide and transaction fees received from machines linking to their gateway. A distinct feature of Helium is its cryptocurrency, with hotspots earning rewards for validating wireless coverage and facilitating internet connection for devices on the network.

Mining and Distribution of Helium

The mining process in the Helium network is an integral part, ensuring continuous growth and stability. Helium is not pre-mined, and every month witnesses the minting of approximately 5,000,000 new Helium. The distribution of Helium occurs at the end of each mining period, which typically ranges from 30 to 60 minutes.

Earnings for Hotspot Owners

Hotspot owners are an essential part of the Helium network, as they not only validate wireless coverage but also facilitate internet connections for devices on the network. Their contributions are rewarded with Helium tokens, adding an incentive for more people to join the network and expand its reach.

Helium Inc and Investors

Helium Inc, the company behind the innovative project, and its investors also receive a portion of the mined Helium. Their involvement and support play a significant role in the development and success of the project.