What is the Helium token and how it works?
Today we will be talking about Helium also called HNT which is a decentralized blockchain-powered network for all IoT devices. Helium has been there since 2019 after it was released in June. The main net of Helium was first released which attracted a huge range audience towards it. With the help of Helium, users are allowed to communicate with each other and send data across through different wireless devices. All the data that will be transferred will be with the help of nodes in Helium.
All the nodes in Helium are popularly called Hotspot which is a combo of blockchain mining devices and wireless gateway. Users who generally operate through Helium nodes with help of mining earn rewards in Helium’s native cryptocurrency token which is called HNT.
Helium has been confounded by three people in 2013 which are Sean Carey, Shawn Fanning, and Amir Haleem. Amir Haleem has been a game developer for a long time and has been an active part of the eSport industry. Shawn Fanning is popularly known for developing Napster which is a music sharing service that was one of the first mainstream peer-to-peer internet services in the 1990s. Sean Carey has been part of a company called Where which was acquired by PayPal.
The main aim of Helium is to improve all types of communications between wireless IoT devices. When Helium started in 2013 all the devices around were still not fancy. Developers wanted to concentrate on a decentralized network so they worked on it. Once the IoT devices got fancier the use of Helium increased drastically. Helium attacks people who are interested in IoT space with financial incentives which end up providing further outreach possibilities.
If you are into mining and you are thinking of mining Helium then the approximate mining time is around 30 to 60 minutes. Users will be able to unlock rewards which are all distributed depending on the growth plan. At the beginning of mining Helium node owners will be able to accrue more coins for building the entire infrastructure. The better the infrastructure the easier it will be to transfer device data. It is expected that the adjustment will end up lasting for 20 years. In October 2020 there were a total of 48,712,218 HNT available for circulation. When the token was launched the supply was zero with no pre-mine.
Helium Token Details
The price of Helium is right now at USD 21.29 and it has a 24-hour trading volume of USD 50,370,753. The price of Helium is almost down by 13.06% in the last 24 hours. Helium is now ranked at 62 in the current crypto market with a live market cap of USD 2,050,064,439. As of right now the circulating supply of Helium is 96,282,472 HNT coins and it has a maximum supply of 223,000,000 HNT coins.
How to buy a Helium coin?
Helium has become quite popular in a short period because of the blockchain technology it offers. If users are investing in cryptocurrency then it is important to figure out what exchange they want to go with. There are multiple exchanges available in the market and it is totally up to the user to decide which one they are comfortable in. Make sure to choose an exchange that supports Helium transactions.
Find a cryptocurrency exchange
Once users can find a cryptocurrency exchange on their own all they need to do is go through the registration process and activate the account with all the correct user credentials.
Add a payment method
In the next step simply add the payment method with debit or credit card details or bank account details.
Select the cryptocurrency you want to purchase Helium in this case and proceed to checkout. Make sure to check the number of tokens you want to buy before proceeding
Transfer your cryptos to an altcoin exchange
An altcoin exchange is very important in this case because that is the only way users will be able to store their cryptocurrency safely.
Register yourself on the altcoin exchange
If you have not registered to any altcoin exchange simply signup to one and wait for the account to get activated before storing the cryptocurrency coins.
Deposit into your altcoin exchange account
Once the account is activated, store all the coins in the exchange and this will help users trade with those coins easily.