Helium

About Helium

Helium is a decentralized wireless network and blockchain designed to allow low-power IoT devices to send and receive data, while also incentivizing network growth and security through the use of its native token HNT. The network aims to provide a secure, scalable, and cost-effective way for devices to connect to the internet without relying on traditional cellular or WiFi networks. Helium uses a unique proof-of-work consensus algorithm called "Proof-of-Coverage" which requires miners to deploy physical hotspots that provide wireless coverage in a specific area in order to earn HNT rewards.

About $HNT token

HNT is the native cryptocurrency of the Helium network, used to incentivize and secure the network infrastructure and to enable peer-to-peer transactions and micropayments between connected devices. HNT is also used to participate in Helium's proof-of-stake consensus mechanism and to pay for access to network services and features. As the Helium network grows in adoption and usage, the demand for HNT is expected to increase, potentially leading to price appreciation for the token.

How to buy $HNT with a payment card

1. Enter the amount of $HNT and fiat currency that you wish to purchase.

2. Verify your phone and email.

3. Enter or create $HNT wallet

You are given the option to enter your $HNT wallet address or create one using the Swipelux widget.

4. Pass KYC flow

This verification process helps protect you from fraud and other malicious activities.

5. You're now ready to buy $HNT with a credit and debit card.

$HNT analytics

1. Market Position and Adoption: Helium (HNT) is a decentralized wireless network that aims to create a global wireless communication system for the Internet of Things (IoT) devices. It leverages blockchain technology to provide a secure and reliable network for low-power, low-cost devices to communicate with each other. HNT token is the native cryptocurrency of the Helium network and is used for various purposes, such as paying for network access, earning rewards by providing network coverage, and participating in the network governance. As of February 2023, HNT ranks #106 on CoinMarketCap

2. Technology and Platform: Helium's network is built on a decentralized blockchain architecture that allows IoT devices to communicate with each other without the need for a centralized intermediary. The network relies on a hybrid proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanism, where miners provide network coverage and verify transactions in exchange for HNT rewards. The network also features a unique feature called "Proof of Coverage," where hotspots that provide wireless network coverage are verified by other hotspots in the network. The Helium network uses LongFi, a wireless protocol based on the LoRaWAN technology, which provides long-range wireless connectivity for low-power IoT devices. Helium's open-source software development kit (SDK) allows developers to build applications and services on top of the network, enabling a wide range of use cases for IoT devices.

3. Team: Helium was co-founded by Amir Haleem, Shawn Fanning, and Sean Carey in 2013. Haleem serves as the CEO of the company, while Fanning and Carey serve as board members. The team comprises experienced professionals from the fields of engineering, wireless networking, blockchain, and software development.

4. Competition: Helium faces competition from other wireless IoT networks, such as The Things Network and Sigfox. However, Helium's unique architecture and decentralized governance model differentiate it from its competitors, providing a more secure and reliable network for IoT devices. Helium also has partnerships with major companies such as Nestle and Lime, which further validates its position in the market.

5. Supply: Helium has a maximum supply of 223,000,000 HNT, of which 138,610,517 HNT are currently in circulation. The coin is mineable, and the block reward for mining is currently set at 100 HNT per block. The coin has a limited supply, which provides a deflationary aspect to the HNT token.

$HNT risks

1. Regulatory risk: Changes in regulatory policies regarding cryptocurrencies and blockchain technology could adversely impact the use and adoption of the HNT token.

2. Technology risk: Helium is still a relatively new technology, and there is a risk that it may not work as intended, which could result in decreased adoption of the HNT token.

3. Competition risk: Helium operates in a highly competitive market, and there is a risk that other companies may develop similar or better technology, which could impact the adoption and value of the HNT token.

4. Market risk: The value of HNT token is heavily influenced by market conditions, such as supply and demand, investor sentiment, and macroeconomic factors. A downturn in the cryptocurrency market could adversely affect the value of HNT token.

5. Security risk: HNT token holders are responsible for the security of their digital wallets, and there is a risk of theft or hacking, which could result in the loss of HNT tokens. Additionally, the Helium network could be vulnerable to attacks or hacks, which could impact the value and adoption of HNT token.

Potential market development triggers

1. Increased adoption of IoT devices: As more devices are connected to the Helium network, the demand for HNT tokens may increase, as it is used as an incentive for miners to provide network coverage.

2. Expansion of the Helium network: The growth of the Helium network in new regions and countries could increase the demand for HNT tokens, as it would require more tokens to incentivize new miners to join the network.

3. Partnership with major companies: Partnerships with major companies in the IoT or telecommunications industries could increase the visibility and adoption of Helium, which may lead to an increase in the demand for HNT tokens.

4. Development of new use cases: The development of new use cases for the Helium network and HNT tokens could increase demand for the token. For example, the use of HNT tokens for micropayments or as a form of payment for IoT services.

5. Increased trading volume on cryptocurrency exchanges: An increase in trading volume for HNT tokens on major cryptocurrency exchanges could lead to increased demand and price appreciation, as more investors become aware of the token and its potential use cases.