Exchange Helium (HNT)

Helium (HNT) is a native token of the world’s fastest growing wireless network — People’s network. The project was founded in 2013 by Shawn Funning, Amir Haleem, and Sean Carey with a goal to simplify the building of connections between devices.  The specialists with various skills in radio, hardware, manufacturing, distributed systems, and peer-to-peer blockchain technologies are working on the development of the first in the world peer-to-peer wireless network. Helium has raised investments from many prominent Venture Capital firms. 

The Helium token was created to serve two main goals in the Helium blockchain ecosystems: maintenance of the Hotspot Hosts and paying the Network operators. To mint the coins users need to install a simple device on their computer. Thus every user provides miles or wireless network coverage of Helium LongFi for numerous devices around and receives HNTs as rewards for it. 

Helium network makes it possible for the low-powered wireless devices to communicate by sending the data across the network in the form of nodes. The network uses an innovative proof-of-work model called Proof-of-Coverage thanks to which hotspots consume just 5W of energy. Mining of HNT tokens is done using radio technology without expensive and wasteful GPUs.  The prices on Helium are extremely low and it can cost cents to run contracts for a year. The network is built on Open Source technology and ruled by an open alliance. 

Since the launch, the project has experienced a rather wide adoption as thousands of companies already build on the People’s network thanks to multiple solutions, sensors, devices, and gateways that can be easily configured to run LongFi — a customized mixture of LoRaWAN and blockchain technologies.  Recently the project was updated to Console 2.0 (web-tool for managing the devices allowing to register, verify and manage the device on Helium network).