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What is Helium (HNT)?

Helium basic info

Name:Helium
Ticker:
Introduction:

What is Helium?

As the world gravitates towards the Internet of Things (IoT), Helium stands as a decentralized, blockchain-based network, fostering seamless and affordable connections for low-power IoT devices. Co-founded by Shawn Fanning, Sean Carey, and Amir Haleem, Helium aims to democratize wireless communication, paving the way for a decentralized future where local businesses can flourish through enhanced wireless connections, thereby fostering a global community connected through "The People's Network".

The Helium network, launched in July 2019, operates on a peer-to-peer (P2P) framework, utilizing a unique blend of LoRaWAN wireless technology and blockchain infrastructure. This revolutionary network is powered by Hotspots, devices that function both as network miners and wireless access points, providing connectivity that surpasses traditional Wi-Fi by 200 times. These Hotspots, which can be hosted by anyone, serve as the backbone of the network, facilitating secure and cost-effective data transfer, while simultaneously mining Helium's native token, HNT. This decentralized approach not only promises enhanced security but also offers a scalable solution to the limitations posed by traditional internet infrastructure dominated by big providers.

Resources

Whitepaper: http://whitepaper.helium.com/

Official website: https://www.helium.com/

How Does Helium Work?

At the heart of the Helium network lies the innovative Proof of Coverage (PoC) consensus protocol, a mechanism that rewards users for verifying network coverage, thus ensuring location accuracy and connectivity. This protocol operates in harmony with the Helium Consensus Protocol and the HoneyBadgerBFT multi-party computation consensus protocol, fostering a secure and energy-efficient mining environment. The network thrives on the synergy between various roles within the system, including Challengers, Beaconers, and Witnesses, who work collectively to validate the network's functionality and security. This collaborative approach, coupled with the utilization of radio wave technology for mining, positions Helium as a less energy-intensive alternative to traditional blockchain networks, thereby contributing to a greener and more sustainable digital ecosystem.

What is HNT Token?

HNT is the native token of the Helium network. It fuels the ecosystem, incentivizing participation and fostering growth. Hotspot operators are rewarded with HNT tokens for providing network coverage and facilitating data transfer, creating a symbiotic relationship between users and the network. The HNT token operates within a well-defined cryptoeconomics model, with a capped supply of 223 million tokens, ensuring a balanced and sustainable growth trajectory.

Helium’s Impact on Finance

As we delve deeper into the financial implications of the Helium network, it becomes evident that it stands as a potent catalyst for change in the financial landscape. The network's decentralized approach promises to disrupt traditional financial paradigms, offering a more equitable and inclusive financial ecosystem. The HNT token not only serves as a reward mechanism but also holds potential as a lucrative investment avenue, with prospects of appreciating value as the network expands and evolves. Moreover, the Helium network offers promising passive income opportunities through HNT mining, presenting a viable alternative to traditional investment channels. As the network grows, incorporating additional protocols like 5G, mobile, and WiFi, the demand for HNT is poised to surge, potentially ushering in a new era of financial prosperity and innovation.

What Determines Helium’s Price?

In the dynamic world of cryptocurrencies, the Helium (HNT) price today is influenced by a myriad of factors intrinsic to its unique blockchain infrastructure. The current Helium cryptocurrency value is closely tied to its decentralized network of hotspots, which facilitate scalable and cost-effective internet connectivity, especially for IoT devices.

Market analysts often provide a Helium (HNT )price prediction based on the innovative Proof of Coverage (PoC) consensus protocol, which rewards users with HNT tokens for verifying network coverage and connectivity. As suggested by various experts in their Helium network price prediction for 2023, the increasing adoption of IoT devices globally could potentially escalate the demand for Helium's decentralized network services, thereby positively influencing the Helium (HNT) market cap.

When it comes to HNT crypto price analysis, experts often focus on the unique cryptoeconomics of the Helium network. The Helium network token price is intrinsically linked to the supply and demand dynamics of its native token, HNT. The HNT coin price forecast is often influenced by the network's ability to connect billions of IoT devices globally at a fraction of the cost of traditional networks. Moreover, the growth trajectory indicated by the Helium (HNT) price graph reflects the network's community-driven expansion of hotspots, fostering more ubiquitous and secure internet connectivity.

Real-time Helium (HNT)price updates suggest that the network's scalability and community-driven growth could potentially foster a bullish trend in the HNT coin's future price. The latest Helium (HNT) price news often highlights the network's potential to revolutionize internet connectivity through its blockchain-based infrastructure.

Investors and crypto enthusiasts closely monitor the Helium (HNT) price trend through live Helium (HNT) price charts, which encapsulate the network's potential to foster more inclusive and affordable internet connectivity globally. As indicated by recent HNT crypto price updates, the network's expansion into new wireless technologies like 5G could potentially bolster the HNT price in USD, fostering a positive trend in the market.

Conclusion

In conclusion, the Helium network emerges as a transformative force in the burgeoning world of Internet of Things (IoT), championing decentralized and cost-effective connectivity through its innovative blockchain infrastructure. Helium, created by notable founders and grounded on a community-centric philosophy, has crafted a sustainable ecosystem that rewards participants with its native cryptocurrency, HNT, which shows promising investment potentials anchored on a well-defined cryptoeconomics model.

As the network gears towards amplifying its impact, particularly in the financial domain, it presents lucrative investment avenues and passive income opportunities through HNT mining. The burgeoning demand for seamless IoT device connections fuels Helium's potential to reshape the financial landscape, hinting at a prosperous trajectory as discerned from the HNT price trends and analyses.

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Current price:
All-time high:$55.22
All-time low:$0.2534

HNT supply and tokenomics

Circulating supply:175,272,290 HNT
Total supply:175,272,285.92 HNT
Max supply:223,000,000 HNT
Market cap:$1.20B
Fully diluted market cap:$1.53B
Token allocation:
Hotspot Infrastructure
35.00%
Helium, Inc. and Investors
35.00%
Network Data Transfer
30.00%
Tokenomics:

Uniqueness

Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature.

Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities.

Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT.

The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable.

In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves.

Token utility

The Helium Token is designed to serve the needs of the two primary parties in the Helium blockchain ecosystem:

  1. Hotspot Hosts and Network Operators. Hosts mine HNT while deploying and maintaining network coverage.
  2. Enterprises and developers using the Helium Network to connect devices and build IoT applications. Data Credits, which are a $USD-pegged utility token derived from HNT in a burn transaction,are used to pay transaction fees for wireless data transmissions on the network (in addition to things like adding Hotspots and sending).

Links

Buy Helium for $1Buy HNT now

What is the development prospect and future value of HNT?

The market value of HNT currently stands at $1.20B, and its market ranking is #84. The value of HNT is widely recognized by the market. When the bull market comes, the market value of HNT will likely continue to increase.

Moreover, if HNT can play a greater role in practical applications, such as Helium builders fully leveraging the potential of HNT, partnering with more businesses, and increasing its user base, the long-term value of HNT will be significantly enhanced.

What will the price of HNT be in 2025?
Based on HNT's historical price performance prediction model, the price of HNT is projected to reach $10.56 in 2025.
What will the price of HNT be in 2030?
In 2030, the HNT price is expected to change by -12.00%. By the end of 2030, the HNT price is projected to reach $23.16, with a cumulative ROI of +240.95%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of HNT and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is HNT worth investing or holding? How to buy HNT from a crypto exchange?

If you want to buy HNT, the following information may be helpful for your investment decisions:
In the last 7 days, the price of HNT has fallen by -31.30%, leading to negative returns for most HNT investors. The market is currently pessimistic about the price trend of HNT.
It is important to note that the current price of HNT has retreated by -87.56% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether HNT is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in HNT or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of HNT, if you want to buy or sell HNT, you can consider Bitget for your trading needs. The best place to buy HNT is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Helium has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Helium. Here's a step-by-step guide on how to buy Helium on Bitget.

How to get Helium through other methods?

Using cash to buy Helium is not the only way to obtain Helium. If you have the time to spare, you can get Helium for free.
Learn how to earn Helium for free through the Learn2Earn promotion.
Earn free Helium by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Helium airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Helium through Bitget Convert, Bitget Swap, or spot trading.

What is Helium used for and how to use Helium?

The use case of Helium may expand as the crypto market and the project itself develop. Currently, you can use HNT to achieve the following goals:
Arbitrage by trading HNT: Since HNT is a frequently traded cryptocurrency, the price of HNT is always fluctuating. Earn more HNT by buying low and selling high on the exchange. Bitget spot market provides a variety of HNT trading pairs to fully meet your needs.
Earn by staking HNT: You can also generate income through financial management methods such as staking HNT or lending HNT. Bitget Earn offers a variety of financial products designed to help you earn more income from your HNT.
Send or pay HNT: If you want to give HNT to your friends, a charity, or a fundraiser, or you want to pay someone with HNT, you can quickly and easily send HNT to the recipient through their payment address.
You can also go to the official website of the Helium project to learn more about the use cases of HNT. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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