​​Helium (HNT) Helium is a decentralized, wireless 5G network | Crypto Great | Bitcoin | DeFi

​​Helium (HNT)

Helium is a decentralized, wireless 5G network that’s owned and operated entirely by its users. Anyone with an internet connection can set up a Helium hotspot to expand the network and earn its native HNT tokens.

Last month FreedomFi, a firmware and hardware producer whose products are used to power Helium’s new token-powered 5G network, raised $9.5 million in a Series A fundraising round.

Some heavy hitters participated in the round, including Samsung’s Next venture arm and Qualcomm Ventures.

FreedomFi will use these funds to scale its decentralized network with Helium and lower the cost of 5G hardware. And while the FreedomFi-powered Helium 5G network is currently much smaller in scale than the original Helium IoT network, it could prove to be much more useful.

There are over 10 billion smart devices connected around the world, and 5G compatible ones are growing at a 100% annual growth rate.

If hardware costs drop, and HNT token rewards provide enough incentive to justify the initial buy-in, then the expansion of this decentralized 5G network could be immensely valuable. Seeing tech giants actively engaging and investing in Helium is validation of the project’s vision. This activity also furthers our conviction to hold HNT tokens for higher prices.