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Helium Insiders Profited From Project at Expense of HNT Commun | Helium Waves Stepn

Helium Insiders Profited From Project at Expense of HNT Community

A
new report has revealed that executives and insiders at Helium network benefited disproportionately from the project at the expense of the broader community. By the sixth month of launch, insiders had mined a quarter of HNT tokens, equivalent to $250 million of its peak value last year. The Forbes report identified 30 wallets connected to Helium insiders such as employees, their family and friends, and early executives. Analysis of on-chain data reveals that these wallets mined over 3 million of all HNT tokens within the first three months of its launch in 2019. Most times, crypto projects set aside a portion of their token supply for employees, developers, and early investors.

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