HNT Cryptocurrency Introduction
Helium (HNT) is a blockchain-based decentralized network designed to provide seamless and cost-effective connectivity for low-power Internet of Things (IoT) devices. The network was co-founded by Shawn Fanning, Sean Carey, and Amir Haleem with the aim of democratizing wireless communication.
Main Features:
- Decentralized Network: The Helium network operates using a peer-to-peer (P2P) framework that combines LoRaWAN wireless technology with blockchain infrastructure.
- Hotspots: Hotspot devices serve as both network miners and wireless access points, providing connectivity 200 times higher than traditional Wi-Fi. These hotspots can be hosted by anyone, serving as the backbone of the network and enabling secure and cost-effective data transmission.
- Proof-of-Coverage (PoC) Consensus Protocol: The Helium network utilizes a Proof-of-Coverage consensus protocol that rewards users for validating 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 for data transactions on the network and to pay for blockchain transaction fees. They are minted from HNT, non-exchangeable, and tied to individual users.
HNT(Text to be translated)
Distribution rules:
- Network Data Transmission: 30% of HNT tokens are used to reward listening devices and relay data packets to users on the internet.
- Hotspot Infrastructure: 35% of HNT tokens are used to reward hotspots that participate, witness, and create Proof-of-Coverage Challenges.
- Helium Company and Investors: 35% of HNT tokens are used to reward founders, investors, and companies responsible for managing the blockchain mechanism.
Total Supply: The maximum supply of HNT tokens is 2.23 million, with no pre-mining.
