Helium (HNT) Helium is a blockchain-based network for Interne | Crypto Great | Bitcoin | DeFi

Helium (HNT)

Helium is a blockchain-based network for Internet of Things (IoT) devices. It uses nodes as Hotspots to connect wireless devices to the network

Last month, we covered Helium's plan to create a decentralized platform where any type of telecom network can be deployed with Helium Improvement Proposal 51 (HIP-51). Now that HIP-51 has been implemented, users can start to establish new subDAOs and tokens

A newly passed proposal (HIP-52) introduces the IoT subDAO and subtoken to Helium. IoT subDAO participants may lock and delegate IOT tokens to gain voting power in IoT governance and run oracles. HNT tokens will be emitted to the subDAO treasury and will back the IOT token.

Additionally, Helium community members approved HIP-53, which establishes the Mobile subDAO and MOBILE subtoken for 5G hotspots.

Helium updated their explorer page today to reflect the amount of IoT and Mobile networks on the platform. As of writing, there are over 925,000 IoT hotspots and 2,600 Mobile 5g networks, with $278 million in staked HNT validating the network

The Helium community will handle all MOBILE emissions, mining rewards, programmatic treasury, and governance operations for mobile device networks. HNT is now the reserve asset of the subnetworks, and will remain the primary economic asset.

This will create an economy where the underlying HNT assets will be burned and minted to maintain an equilibrium that continues to power Helium.

This will establish a new structure for the protocol, and attract more value to the platform, as each new network established directly benefits the HNT token.