Non Tradeable on PrimeXBT
Helium HNT price for today is US Dollars. It has market capitalization of and a trading volume of over the last 24h. Current circulating supply of Million coins.
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Follow this real-time Helium price chart to speculate on the price movements of the HNT/USD pair. With this convenient live chart, you can view the current HNT/USD price, analyze the price dynamics, trace historical HNT to USD exchange rates, build your trading strategy, and trade Helium with leverage on PrimeXBT.
Helium (HNT) is a Cryptocurrency that powers the Helium decentralized wireless network, also known as "The People's Network." The project aims to create a global, distributed network of wireless hotspots that provide long-range, low-cost coverage for Internet of Things (IoT) devices.
This decentralized network is a key innovation in the way IoT devices communicate, offering a more affordable and scalable solution compared to traditional cellular networks.
By hosting hotspots, users contribute to expanding wireless coverage and are rewarded with Helium tokens (HNT). Helium is specifically designed to reduce IoT connectivity costs while simultaneously expanding reliable network coverage to underserved and remote areas globally.
Helium operates through its innovative Proof of Coverage (PoC) consensus mechanism. It is designed specifically to verify the reliability and geographic location of network hotspots.
Users set up hardware devices known as hotspots, which provide wireless coverage for IoT devices in exchange for earning HNT tokens.
These hotspots communicate with other nearby hotspots, proving their network coverage capabilities and contributing to the decentralized infrastructure. This model incentivizes users to expand the network by providing continuous coverage.
The Proof of Coverage (PoC) mechanism plays a vital role in ensuring the Helium network remains decentralized and secure.
Unlike traditional centralized wireless infrastructures, Helium’s decentralized model allows for scalability and reliability without relying on a single point of failure.
The system validates the physical presence of hotspots and their ability to provide coverage using radio frequency technology. This validation ensures that each hotspot contributes to the network, creating a trustworthy and robust wireless gateway.
Hotspots are essential components of the Helium ecosystem, enabling a global network of wireless communication.
These devices not only provide IoT devices with internet connectivity but also maintain the integrity of the decentralized wireless network. By hosting a hotspot, users can earn Helium tokens (HNT) while expanding the coverage of the network.
This combination of incentives and security ensures the long-term success of Helium’s infrastructure and further increases the demand for hotspots as more IoT devices emerge globally.
Helium was founded by Amir Haleem, Sean Carey, and Shawn Fanning. Amir Haleem is currently the CEO, while Shawn Fanning is known for his role in the creation of Napster, a peer-to-peer music sharing platform.
Together, they envisioned Helium as a way to reshape the way wireless infrastructure is created and managed, allowing users to benefit from network participation.
Helium (HNT) plays a critical role in expanding the decentralized Helium network by incentivizing individuals and businesses to host wireless hotspots.
Users who contribute to network growth by setting up these hotspots are rewarded with HNT tokens, which can be traded on major Cryptocurrency exchanges.
Beyond rewards, HNT tokens serve as a form of payment within the ecosystem. One of their primary uses is to purchase data credits, a non-tradable token used to pay for coverage on the Helium network.
This low-cost, long-range connectivity is ideal for IoT devices, enabling them to operate efficiently over large distances without relying on expensive cellular networks.
One of the key applications of HNT tokens is in powering IoT devices. The Helium network supports a wide range of IoT applications, from smart agriculture to industrial monitoring and urban infrastructure management.
These devices benefit from the decentralized wireless network by accessing affordable and widespread connectivity, making Helium a crucial player in the IoT space.
By providing the infrastructure for IoT devices to function efficiently, Helium enables more organizations and communities to adopt smart technologies without the barriers of traditional internet service providers.
Helium launched its decentralized network in 2019, aiming to create a global wireless infrastructure for IoT devices. The initial launch was followed by the creation of thousands of hotspots, expanding the coverage.
The value of HNT surged in 2021 when the demand for decentralized wireless networks grew. This period saw the highest price paid for HNT tokens as investors recognized the potential of the Helium ecosystem.
In 2022, Helium announced its integration with the Solana blockchain, improving the scalability and performance of the network. This partnership has been key in increasing HNT’s real-time transaction capabilities and expanding its network.
In 2022, Helium also announced a significant partnership with T-Mobile, one of the largest telecommunications companies in the United States. This collaboration introduced Helium Mobile, a 5G service that combines T-Mobile’s nationwide coverage with Helium’s decentralized network of hotspots.
The partnership aimed to provide consumers with a unique mobile experience, offering affordable data plans while expanding Helium’s wireless infrastructure, and increasing its adoption among mainstream users.
By 2023, the network had reached significant milestones in coverage, with over a million hotspots deployed globally. This level of wireless gateway expansion has contributed to the increased utility of HNT tokens.
Helium’s price is closely linked to the network coverage it provides. As more hotspots are deployed, the value of the network increases, driving demand for HNT. Coverage is expected to grow in the coming years as more users join the ecosystem.
The demand for a decentralized wireless network is another key factor influencing HNT’s price. With businesses and individuals seeking reliable and low-cost IoT solutions, Helium has positioned itself as a leader in the industry, driving up the value of its tokens.
Like most Cryptocurrencies, Helium (HNT) price can be influenced by broader market trends and trading volume. Investors should be aware of the volatility associated with Cryptocurrencies which significantly impacts investor sentiment.
Helium (HNT) offers a compelling opportunity for traders interested in the intersection of blockchain and Internet of Things (IoT) technologies. Its decentralized wireless network allows users and organizations to earn and trade Helium by participating in network expansion through Proof of Coverage (PoC).
This innovative model ensures reliability and scalability, giving traders confidence in the project’s long-term potential. For those looking to buy Helium, the network’s continued growth offers significant future prospects.
The growing adoption of IoT devices by individual users and the increasing demand for wireless coverage directly impact the price of Helium. As the Helium network expands, the utility and value of HNT tokens continue to rise, making them a strategic asset for traders.
The project's real-world use cases in IoT connectivity and its role in building the future of decentralized wireless infrastructure highlight the potential for further growth in Helium (HNT) price.
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