Helium Network is a decentralized wireless network that is used to connect devices in the Internet of Things (IoT). It works through a community-driven model where one can install hotspots to provide network coverage and earn cryptocurrency rewards in the form of Helium Network Tokens (HNTs). It launched its Internet of Things (IoT) hotspots as well as Helium Network Tokens (HNTs) in July 2019.
Company Details
- Founders: Amir Haleem, Shawn Fanning, Sean Carey
- Founded: 2013
Key Features
It allows anyone to use the wireless hotspot and create a decentralized infrastructure.
HNT is Helium Network's native token used for transactions within the ecosystem.
Users who deploy and maintain Helium Hotspots earn Helium tokens (HNT) as rewards for transferring data and providing coverage.