HNT Helium Rank #549 $0.2000 ▼ 2.44%

Helium (HNT) is the native token of a decentralized wireless network that uses blockchain technology to coordinate the rollout of physical infrastructure. The network is built and maintained by independent operators who deploy compatible hotspots, which function as both gateways and miners, providing long-range wireless coverage for low-power Internet of Things (IoT) devices. HNT is issued as a reward to hotspot operators for supplying and verifying wireless coverage, and for relaying data from connected devices. Tokens are distributed at the conclusion of each mining epoch, typically every 30 to 60 minutes, with allocations split among hotspot owners, the Helium development entity, and early investors. There is no pre-mine, and roughly five million new HNT are released each month under the network's programmed emission schedule. HNT operates within the Solana ecosystem and falls into several overlapping categories, including DePIN (Decentralized Physical Infrastructure Networks), communications, IoT, and smart contract platforms. The project originated in the United States and is backed by several well-known venture capital firms, and HNT is a constituent of the Coinbase 50 Index.