What is the issuance price and issuance volume of Helium Mobile (MOBILE) coins?

Helium MOBILE (MOBILE) is the native token of the Helium Network, a decentralized wireless network offering low-power connectivity, and is used to reward users for network contributions, governance participation, and staking.

Dec 03, 2024 at 10:36 am

What is Helium Mobile (MOBILE) Token and Coin Economics?

Helium Mobile (MOBILE) token is the native cryptocurrency of the Helium Network, a decentralized wireless network that provides low-power wide-area network (LPWAN) connectivity. Helium tokens are used to reward users for providing wireless coverage, transferring data over the network, and participating in the Helium ecosystem.

Issuance Price and Volume of Helium Mobile (MOBILE)

The Helium Network launched its mainnet in July 2019, with an initial issuance of 50 million MOBILE tokens. The tokens were initially distributed to Helium Hotspot owners and participants in the Helium Pioneers program.

The issuance price of Helium MOBILE tokens was not publicly disclosed. However, the tokens were initially traded on cryptocurrency exchanges at around $0.10 per token.

Token Distribution and Allocation

Upon launch, Helium MOBILE tokens were distributed as follows:

• 30% to Helium Hotspot owners
• 30% to Helium Pioneers program participants
• 20% to the Helium Foundation
• 10% to early investors and advisors
• 10% to the Helium team

Token Use Cases

Helium MOBILE tokens are used for a variety of purposes within the Helium Network, including:

• Rewarding users for providing wireless coverage
• Transferring data over the network
• Participating in Helium Network governance
• Staking to earn rewards on Helium Hotspots

Tokenomics of Helium (HNT)

In addition to the MOBILE token, the Helium Network also has another token called Helium Network Token (HNT). HNT is used to pay for data usage on the network and to reward Hotspot owners for providing coverage.

The HNT tokenomics are as follows:

• Total supply: 223 million tokens
• Max supply: 250 million tokens
• Inflation rate: 2.5% per year

HNT tokens can be purchased on cryptocurrency exchanges or earned by providing wireless coverage on the Helium Network.

Helium Network Ecosystem

The Helium Mobile Network is supported by a large and growing ecosystem of partners and developers. These partners include major wireless carriers, device manufacturers, and application developers.

The Helium Network offers a number of advantages over traditional cellular networks, including:

• Lower cost
• Increased coverage
• Improved security
• Low-power consumption

The Helium Network is well-positioned to play a major role in the future of wireless connectivity. The network's unique combination of decentralized technology, low cost, and wide coverage area makes it an attractive option for a variety of applications.