HNT Introduction
Helium (HNT) is a blockchain-based decentralized network aimed at providing seamless, economical connectivity for low-power Internet of Things (IoT) devices. The network was co-founded by Shawn Fanning, Sean Carey, and Amir Haleem with the goal of democratizing wireless communication.
Main Features:
- Decentralized Network: The Helium network operates using a peer-to-peer (P2P) framework and a unique fusion of LoRaWAN wireless technology and blockchain infrastructure.
- Hotspots: Hotspot devices serve as both network miners and wireless access points, providing connectivity 200 times greater than traditional Wi-Fi. These hotspots can be hosted by anyone, serving as the backbone of the network and facilitating secure, cost-effective data transmission.
- Proof of Coverage (PoC) Consensus Protocol: The Helium network uses a Proof of Coverage consensus protocol to reward users who verify network coverage.
- HNT Token: HNT is the native token of the Helium network, used to reward hotspot providers and network participants.
- Data Credits: Data Credits are used to transact data on the network and pay blockchain transaction fees, created by burning HNT, non-exchangeable, and tied to individual users.
HNT: Hindi Translation
Allocation Rules:
- Network Data Transfer: 30% of HNT tokens are allocated to reward listening devices and transfer data packets to users on the internet.
- Hotspot Infrastructure: 35% of HNT tokens are allocated to reward participation, witnessing, and creating Proof-of-Coverage Challenge hotspots.
- Helium Company and Investors: 35% of HNT tokens are allocated to reward founders, investors, and companies responsible for managing blockchain mechanisms.
Total Supply: The maximum supply of HNT tokens is 2.23 million, with no pre-mining.
