Helium IOT $IOT

The Helium Network is a revolutionary decentralized, blockchain-based wireless infrastructure project. It empowers individuals and organizations by providing them with the ability to deploy and operate wireless networks. The project utilizes the robust Solana Blockchain as its foundation. The Helium Network operates using its primary token, HNT, along with IOT and MOBILE tokens that facilitate the LoRaWAN and 5G networks respectively.

Uniqueness of the Helium Network

The Helium Network offers a unique set of capabilities that set it apart from other wireless networks. These include:

Decentralized Infrastructure

The Helium Network enables the establishment and maintenance of a distributed wireless network. It does this by incentivising its participants who contribute resources and share in the network's benefits.

Scalability and Security

Leveraging the Solana Blockchain, the Helium Network boasts high scalability, low latency, and robust security.

Multi-Use Case Support

Various use cases are supported by the Helium Network, including IOT devices through the LoRaWAN network, and high-speed mobile connectivity via the 5G network.

Incentivized Participation

The Helium Network employs a token-based system to reward participants and encourage network growth.

Proof-of-Coverage (PoC)

The network makes use of a unique consensus algorithm, which rewards participants for verifying wireless network coverage.

Future of the Helium Network

Currently, the Helium Network is a rapidly growing decentralized wireless infrastructure with a global reach. It continues to attract new users, developers, and organizations. This opens the door for new and innovative applications and services. As the network expands, its goal is to revolutionize the communications industry by democratizing access to connectivity.

Use of IOT Token

The IOT token serves as the Governance token of the LoraWAN IOT Subnetworks. It is mined by IOT Hotspots through both data transfer proceeds as well as Proof of Coverage.