Helium: everything you need to know about HNT
Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.
Helium facts
Abbreviation
HNT
Category
Internet of Things (IoT)
Founder(s)
Amir Haleem, Shawn Fanning, Sean Carey
Blockchain
Helium
Protocol
Bewijs van Dekking.
Launch date
July 2019
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What is Helium?
Helium is a decentralized wireless network powered by blockchain technology. The network allows Internet of Things (IoT) devices to connect and exchange data without relying on traditional mobile networks.
How does Helium work?
Helium uses an innovative system called "The People's Network." Users can install so-called "Hotspots," which act as wireless nodes to provide coverage for the network. In return, they earn HNT tokens as a reward.
The HNT token
The native token of the Helium network is called HNT. This token is used for rewards to hotspot owners and as a payment method for network users.
The technology behind HNT.
Helium combines blockchain technology with LongFi, a protocol that enables wireless communication with low energy consumption. The network uses a proof-of-coverage mechanism to ensure the reliability of nodes.
The Helium ecosystem
The Helium ecosystem consists of various partners and users who connect IoT devices, such as smart meters, GPS trackers, and other sensors. Due to its decentralized nature, the barrier to setting up wireless infrastructure is lowered
€5.20▼2.99%
Benefits of Helium
- Decentralized network with a wide reach for IoT devices.
- Hotspot owners earn HNT tokens for their contribution to the network.
- Low energy costs due to LongFi technology.
Disadvantages of Helium
- The success of the network strongly depends on the availability and density of hotspots.
- The value of HNT depends on the market, which brings volatility.
Who is the founder of Helium?
Helium was founded by Amir Haleem, Shawn Fanning, and Sean Carey in 2019.
Expectations for the kommende tijd.
Experts expect a minimum price of €16.24 in 2026 and a minimum price of €53.70 in 2031.
Helium price in the last 24 hours
View all key statistics of the past 24 hours here.
€5.42
€5.59
€5.15
Market information
Use these figures to get a better picture of the Helium market.
€19.6 million
€935.3 million
172.4 million
€47.95
Helium Return On Investment
See how much the price has risen or fallen over the years.
Historical Helium price
Here you can see Helium's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!
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Frequently asked questions
Helium doesn't have a fixed value because the exchange rate is always in motion. Whenever you get distracted or even blink, it has already changed. Right now, the value of Helium is €5.20.
You can easily buy Helium on BLOX! Quickly download the app, and within two minutes, you'll have your own crypto portfolio with Helium and your other favorite coins.
So much is happening in the crypto market that it's sometimes difficult to stay continuously informed. That's why we've already taken a look at the expectations for you. According to experts, the value of HNT is expected to continue rising steadily in the coming years. For instance, the price of Helium is predicted to reach €14.21.
We don't have a crystal ball either, so it's up to you to decide whether you want to invest in HNT. We can only recommend once again that you thoroughly research the market and only invest what you're willing to lose.
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