Helium insiders owned majority of crypto tokens, Forbes reveals
Internet-of-things darling Helium has come under fire for failing to disclose its centralized distribution of crypto tokens, revealed by a Forbes investigation. Insiders reportedly owned the majority of tokens after its launch and took advantage of its system to earn even more rewards. Helium launched in 2019, promising to provide global internet connection for all kinds of smart objects, from refrigerators to light bulbs. Users can place a hotspot device in their home, providing low-power network coverage to nearby objects, all the while earning Helium’s native cryptocurrency, HNT. Helium — self-titled the People’s Network — hopes to provide crypto miners with a less expensive way to earn tokens in what it calls Proof-of-Coverage.
Source
https://t.me/Helium_Waves_Stepn
