Helium Price in India (HNT)

Helium is a blockchain-based platform designed for the Internet of Things (IoT). It provides a decentralized network, known as The People’s Network, where IoT devices can connect and share data wirelessly over long ranges at minimal cost. HNT is the platform’s native token used to incentivize network participants and secure the network.

Helium was co-founded in 2013 by Shawn Fanning, Amir Haleem, and Sean Carey. The team envisioned a decentralized wireless network to support IoT devices. However, Helium officially launched its blockchain and HNT token in July 2019.

• Decentralized IoT network: Helium enables IoT devices to communicate across a decentralized network, reducing infrastructure costs.

• Hotspot mining: Users can earn HNT by setting up Helium Hotspots, which provide wireless coverage.

• Proof-of-Coverage (PoC): Helium uses PoC, a novel consensus mechanism, to verify wireless coverage.

• Scalability: Supports millions of IoT devices globally with low latency and high efficiency.

Helium has established itself as a leading platform in the IoT and blockchain space. The HNT token has grown consistently due to its unique use case and growing adoption. With an expanding network and strong community support, HNT ranks #122 in the overall crypto market. Analysts predict continued growth as IoT adoption increases.

You can buy HNT from crypto exchanges like CoinSwitch.

• Mining: Set up a Helium Hotspot and earn HNT tokens by providing wireless network coverage.

• Governance: HNT token holders can participate in governance decisions for the Helium network.

• Data Credits: HNT tokens can be converted to Data Credits, which are used to pay for network usage by IoT devices.

• Trading: Buy and sell HNT tokens on exchanges like CoinSwitch to leverage price movements.

• A pioneering decentralized network for IoT.

• Hotspot mining allows users to earn HNT by contributing to the network.

• Innovative PoC consensus mechanism.

• IoT adoption is still growing, and the network’s success depends on broader adoption.

• Initial setup costs for Helium Hotspots can be high.

• HNT price volatility can affect mining rewards.

• Start investing in HNT with just ₹100.

• CoinSwitch provides a seamless crypto trading experience for all levels of investors.

• Easily manage your transactions and portfolios within the app.

Helium (HNT) did not conduct an Initial Coin Offering (ICO) and had no pre-mine before its launch on July 29, 2019. The total maximum supply of HNT is capped at 223 million tokens. The token distribution is designed to incentivize network participation and support its ecosystem. Specifically, 35% of the total supply is allocated to the development and support of the hotspot infrastructure, another 35% is reserved for Helium and its investors, and the remaining 30% is allotted to support the costs of network data transfer. Additionally, Helium employs a burn-and-mint equilibrium model, where HNT is burned to create Data Credits (DC), which are used to pay for network usage. This mechanism ensures a balance between token supply and network demand.