Helium(HNT)

Overview

Helium (HNT) is a decentralized wireless network for Internet of Things devices, built on hardware called Hotspots that are deployed and operated by individual participants rather than a single carrier. Hotspot operators earn tokens for providing and validating wireless coverage, and additional rewards come from fees paid when devices on the network transfer data through those gateways.

HNT launched with no pre-mine, and the original emission schedule created roughly 5,000,000 new tokens each month, distributed among Hotspot owners, the founding company, and investors according to a set allocation. Rewards were paid out at the end of each mining period, approximately every 30 to 60 minutes, and the project later migrated to the Solana blockchain with its supply policy revised through community governance proposals.