What is the issuance amount of Helium Mobile (MOBILE) coins?

The initial circulating supply of Helium Mobile (MOBILE) coins, the native cryptocurrency of the Helium Mobile network, stands at 45 million, with a total issuance amount of 223 million.

Dec 03, 2024 at 02:27 pm

What is the Issuance Amount of Helium Mobile (MOBILE) Coins?

Helium Mobile (MOBILE) is the native cryptocurrency of the Helium Mobile network, a decentralized wireless network that provides low-power, wide-area connectivity for IoT devices. MOBILE coins are used to reward network participants for providing coverage and data transfer services.

The total issuance amount of Helium Mobile coins is 223,000,000, with an initial circulating supply of 45,000,000 coins. The remaining coins will be released over time through a combination of mining rewards and network incentives.

MOBILE Issuance and Distribution

The issuance and distribution of MOBILE coins is designed to incentivize network growth and participation. Here's an overview of the issuance schedule:

1. Network Launch (March 2023)

• Initial circulating supply: 45,000,000 MOBILE
• Distributed to early network participants and Helium community members

2. Mining Rewards (Ongoing)

• 50% of all MOBILE coins will be issued as rewards to miners who provide coverage and data transfer services.
• Mining rewards are distributed in proportion to the amount of coverage and data provided.

3. Network Incentives (Ongoing)

• 30% of MOBILE coins will be issued as incentives for network participants to build and maintain infrastructure, develop applications, and contribute to the Helium ecosystem.
• Incentives are distributed through grants, bounties, and other programs.

4. Helium Foundation (20%)

• The remaining 20% of MOBILE coins will be allocated to the Helium Foundation, a non-profit organization that supports the growth and development of the Helium ecosystem.
• The foundation will use MOBILE coins to fund research, development, and community initiatives.

Importance of MOBILE Issuance

The issuance amount and distribution mechanism of Helium Mobile coins play a crucial role in maintaining the stability, security, and growth of the network. By incentivizing network participation and rewarding contributors, the issuance model encourages the expansion and improvement of the Helium Mobile network.

The controlled issuance schedule ensures that MOBILE coins are distributed gradually, preventing inflation and maintaining the value of the cryptocurrency. The allocation of coins to the Helium Foundation provides resources for supporting the long-term growth and sustainability of the Helium ecosystem.