What is Helium (HTN)? Project overview and Helium token

• Helium (HNT) Overview
• What is Helium?
• Helium's featured products
• Helium's development team
• Helium investors and advisors
• Development roadmap
• Token overview
• What is HNT token?
• General information
• HNT . token allocation
• Should invest in HNT token or not?
• summary

A lot of investors have started to pay attention to Helium after this project successfully raised 111 million USD. So what is Helium?

Helium (HNT) Overview

What is Helium?

Helium (HNT) is a decentralized wireless network based on blockchain. Helium allows IoT (Internet of Things) devices anywhere in the world to wirelessly connect to the internet and geolocate themselves without the need for hardware.

Helium was born to solve the problems as the $800 billion Internet of Things industry exploded. Almost all devices need an internet connection to work. But current solutions such as wifi, bluetooth or mobile data do not respond well. They are expensive, power-hungry, and limited in scope.

With open source principles and high security, Helium allows developers to build a fast internet connection network with low capacity and maximum cost savings. 

Helium's featured products

To fulfill the purpose of creating a global network of long-range distributed wireless hotspots for IoT devices, Helium has developed the following products.

Helium Hotspot

Helium Hotspot is a LoraWAN wireless router built and distributed by Helium. This is a relatively low-cost hardware device that can be used both as a hotspot and wireless access point on the Helium network, and as a tool for mining HNT tokens.

Helium Console

Console is a product developed by Helium with the purpose of creating a tool to help developers register, authenticate and manage IoT devices with a LoRaWAN network server compatible with the Helium Network system. The Console also provides available connectivity levels called built-in data routing over HTTPs and MQTT, or cloud storage services such as AWS IoT.

LongFi

LongFi is a product that combines a LoRaWan wireless network with a payment protocol made on the Helium blockchain platform. Devices using LongFi do not need to log in network information such as Wifi or pay subscription fees such as mobile data, but simply find the nearest LongFi router and make a connection request with an electronic payment voucher attached. . 

LongFi has removed the most important barrier for IoT devices, which is connectivity. LongFi allows the integration of multiple IoT devices at once without requiring additional configuration or the help of other tools or platforms. At the same time, LongFi holders have the opportunity to receive HNT tokens when devices transmit data over the Helium network. 

Helium's development team

Helium was launched in 2013 by a group of members with skills and experience who can support each other in creating the world's first decentralized wireless network: Amir Haleem, Marc Nijdam and Frank Mong They are skilled in distributed systems, Peer-to-Peer and blockchain technology.

Basic information of the project release team

Amir Haleem – CEO and co-founder

Amir is the CEO & Co-Founder of Helium. Prior to Helium, Amir had a long career in the video game industry as chief technology officer at game startup Diversion. Outside of work, Amir is a former world champion e-sports gamer, co-founder of the popular e-sports community esreality.com, and builds and races Japanese sports cars such as sports cars. year 90.

Marc Nijdam – CTO

Marc Nijdam is a technology leader with over 25 years of experience. He studied commercialization at Hewlett-Packard and has since risen to the forefront of technology with a number of Qualcomm products and services. Marc focuses on product and software design, scalability, and resilience.

Frank Mong – COO

Frank Mong is COO at Helium, where he is responsible for sales, marketing and business development. Prior to Helium, Mong spent 20 years in cybersecurity, including CMO at Hortonworks, SVP Marketing at Palo Alto Networks and VP/GM of security at HP.

Helium investors and advisors

Project Helium has raised equity capital from some of the most renowned venture capital firms in the world including Khosla Ventures, FirstMark Capital, GV (formerly Google Ventures), HSB/MunichRe Ventures and others other.

Most recently, in August 2021, Helium received funding of up to $111 million from major VCs such as Multicoin Capital and Alameda Research. The purpose of this grant is to accelerate the launch of Helium's first decentralized 5G network.

Companies that have invested in the Helium project

The Helium Project Advisory Team

Development roadmap

Helium has laid out a clear development roadmap for each product in the network.

Helium's development team addressed the project's future plans with the following key points:

• Investigate the applicability of Helium decentralized wireless networking technology to existing products such as WiFi, bluetooth and cellular
• Exploring the potential of 5G 60GHz+ . offering
• Secure the Helium network with higher security proofs
• WHIP Wireless Specification Creation and Release
• Producing hotspots and device modules to be ready to launch the Helium network.

Token overview

What is HNT token?

HNT is the foundation token of Helium. HNT is created from the mining rewards of the network consensus mechanism in the Helium Network system to perform the following tasks:

• Mining Rewards : Hotspots (or Hotspots) will receive HNT tokens by building and securing the infrastructure in the Helium network and transferring data between devices.
• Payment for network service : HNT token can be used to generate Data Credit and is responsible for paying network service fee.

General information

• Project name: Helium

• Symbol: HNT
• Standard: ERC20
• Token Type: Native
• Blockchain: Helium
• Total supply: 223,000,000 HNT
• Circulation supply: 98,441,149 HNT
• Maximum total supply: 223,000,000 HNT
• Market capitalization: $1,951,426,078.

HNT . token allocation

HNT tokens are allocated as follows:

• Miners: 66.9%
• Investors: 21.5%
• Helium Treasury: 11.6%.

Should invest in HNT token or not?

Helium is the first blockchain-based decentralized network that allows IoT devices to connect wirelessly to the internet. 

Since being listed on June 9, 2020 for $ 0.2721, the value of the HNT token has increased a lot, reaching a peak of $52.71 at one point. Currently on 12/12/2021, the HNT token is priced at 29.44 USD.

Although there are still many concerns when investing in HNT tokens, however, there are 3 reasons why Helium will continue to grow in the near future.

• The size and coverage of the node network is increasing
• Nodes in the network can generate passive income
• The number of investors and strategic partners is increasing as Helium accelerates the scale of development.

Most recently, Helium successfully raised $111 million to accelerate the launch of the world's first decentralized 5G network.

summary

Above is all the useful information that TraderH4 has compiled about the Helium project. Hope you can clearly understand what Helium is as well as have an overview of the project and the HNT token. With the goal of creating a decentralized wireless network that supports IoT devices to connect to the internet fast, with unlimited range and low cost, saving fuel, Helium is a project with great potential and promises future success.

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