Helium is a blockchain that allows devices worldwide to connect to the Internet and geolocate without expensive satellite location hardware or cellular plans. The network incentivizes a two-sided marketplace between coverage providers and consumers. With decentralized coverage, the network becomes a commodity fueled by competition, resulting in lower costs. The network also provides secure and open-source primitives for developers to build low-power, Internet-connected devices cost-effectively.
Helium enables the creation of decentralized wireless networks via an innovative Proof-of-Work model called “Proof-of-Coverage”, which only uses 5W of energy.. Each network is created through Hotspots, which are simple devices that are installed on windows at home or the office. Hotspots provide miles of wireless network coverage for millions of devices around you using Helium LongFi, and users are rewarded with HNT, the native token of Helium, for providing coverage. Hotspots earn HNT for building and securing network infrastructure and transferring device data. The amount of HNT distributed to hotspots depends on the type of work they perform. HNT is also used for data credits, which are required for sending data to the internet.
HNT's total supply: 223,000,000
HNT's circulating supply: 143,568,128
Consider investing in Helium (HNT)? It only takes 2 minutes to create an account on Bitget and start trading HNT.
Check out the available HNT trading pairs on Bitget!
Spot market
Buy Helium in Faroe Islands with Bitget