What is Helium Mobile? Comprehensive interpretation of Mobile tokens

What is Helium Mobile? Comprehensive interpretation of Helium Mobile token! Helium Mobile holds the potential to create a significant impact in the communications industry through its unique token economy and partnerships. However, the project's success will depend on its ability to continue to innovate, expand market acceptance and overcome technical and regulatory challenges. Today, the editor of this website will share with you a detailed introduction to Helium Mobile. Friends who need it can take a look!

What is Helium Mobile

Helium Mobile is a wireless phone service built on the decentralized and encryption-driven Helium network.

This innovative service delivers cellular connectivity over the decentralized Helium network and is supported by T-Mobile’s extensive 5G infrastructure. Traditional mobile networks tend to be controlled by a few large companies, which limits the coverage and quality of service. Helium Mobile utilizes hotspots deployed by community members to provide dynamic network coverage, aiming to create a wider and more reliable network.

In addition, in the traditional model, users are just consumers of services. Helium Mobile allows users to actively participate in network construction by deploying equipment and verifying network coverage, and obtain MOBILE tokens as rewards through this activity, essentially turning users into co-owners and beneficiaries of the network. In other words, subscribers have a unique opportunity to earn tokens when they use the service and provide services to their local communities via hotspots and radio antennas.

How it works

Helium Mobile works based on a unique peer-to-peer network model that does not rely on traditional cellular base stations, but a distributed network of hotspots deployed by community members to provide services. These hotspots provide coverage and generate tokens, namely HNT, which can be converted into MOBILE tokens.

Here is how it works in detail:

Community hotspot deployment: Ordinary people like you and me can deploy Helium hotspots in their homes, workplaces, or other places in the community. These hotspots provide wireless network coverage to the surrounding area.

Blockchain technology application: Helium Mobile is based on the decentralized encryption network - Helium Network. This network allows anyone to develop and operate their own mobile network using token incentives. The entire system runs on the Solana blockchain, ensuring the security and efficiency of the network.

Generate and use tokens: The deployed hotspots not only provide network coverage, but also generate the Helium network’s native token - HNT. Users can convert HNT tokens into Mobile tokens to pay for mobile phone services or participate in the governance of the network.

Network Integration with T-Mobile: Helium Mobile leverages 5G infrastructure developed by T-Mobile. Users’ devices can seamlessly switch between the Helium network and T-Mobile’s extensive 5G coverage, ensuring continuity of service and signal stability.

Energy Efficiency and Token Rewards: LoRaWAN hotspots in the Helium network excel in energy efficiency, consuming only about 5W of power. In addition, as a hotspot provider, users can not only earn tokens by providing network coverage, but also receive additional rewards by participating in network governance and data sharing activities.

What’s even more amazing is that you don’t need to create a hotspot to enjoy the benefits of Helium Mobile. You just need to register as a customer of the service and connect to the nearest hotspot. Your phone effortlessly moves between the Helium network and T-Mobile's vast 5G coverage, so you'll never lose signal.

This model encourages community participation and innovation while increasing the resilience of the network through a decentralized approach and reducing reliance on a single service provider, potentially reducing costs and improving service quality.

Core Mechanism

Helium Mobile’s core mechanism involves several key components that together support its decentralized wireless communication services.

Here are the details of these mechanisms:

Community-driven network deployment

Hotspot deployment: The Helium network relies on hotspots deployed by individuals and enterprises to provide wireless coverage. These hotspots are purchased and deployed by community members themselves to provide wireless network coverage on their properties. Deployers are rewarded with Helium Network Tokens (HNT) for providing network services.

Blockchain and Tokenized Incentives

Blockchain-based operation: Helium Mobile runs on the blockchain and uses smart contracts to automate network operation and maintenance and user interaction, ensuring the transparency and security of transactions and operations.

Token incentives: Network participants (hotspot operators, users, etc.) receive economic incentives through Helium’s tokens (HNT and Mobile). HNT is mainly used to reward network coverage providers, while Mobile tokens are used to pay for network services and participate in network governance.

Decentralized network management

User governance: Helium Mobile advocates making network governance decisions through its token holders, including rule changes, fee structure adjustments, etc. This decentralized governance model improves the adaptability of the network and user participation.

Data sharing and transparency: Network operation data is open and transparent, and users can access detailed information about network performance and coverage, increasing trust and efficiency of the network.

INTELLIGENT NETWORK ACCESS AND SWITCHING

Seamless network switching: Helium Mobile devices are able to seamlessly switch between Helium networks and partner networks, such as T-Mobile’s 5G network. This ensures that users maintain good connectivity even in areas with insufficient Helium hotspot coverage.

Dynamic resource allocation: The network can intelligently adjust resource allocation based on real-time demand and resource availability, optimizing network performance and user experience.

Energy Efficient and Eco-Friendly

Low-Power Hotspot: Helium’s LoRaWAN hotspot is designed for low-power IoT device network coverage and operates at very low power (approximately 5W), helping to reduce operating costs and reduce environmental impact .

These core mechanisms of Helium Mobile combine advanced blockchain technology, community-driven participation, intelligent network management and decentralized governance to jointly support a powerful and innovative wireless network service platform. These mechanisms not only improve network efficiency and coverage, but also provide users with more economical and flexible mobile communication options.

Mobile Tokens

Uses

• Pay for network services: Users can use MOBILE tokens to pay for their monthly wireless services, including data plans, calling and SMS services.

• Network Governance: MOBILE token holders may participate in network governance by voting on network policies, upgrades, and other decisions.

• Incentive mechanism: Provide network coverage as a hotspot operator or participate in network activities (such as data transmission) as a user to receive MOBILE tokens as rewards.

• Staking Rewards: Users can stake their MOBILE tokens to support the security and operations of the network, and may receive staking rewards for doing so.

• Data Sharing: Users can earn MOBILE tokens by voluntarily sharing network coverage data, encouraging community participation and network transparency.

How to obtain

Users can obtain Mobile tokens by participating in network construction (such as providing network coverage), conducting transactions, or purchasing through the market.

MOBILE token is currently listed on some of the following cryptocurrency exchanges:

• Coinbase Exchange: The most popular trading pair is MOBILE/USD.

• Backpack Exchange

• Crypto.com Exchange

• CoinMarketCap: Although this is not an exchange, it provides token price tracking and may list which exchanges support MOBILE tokens.

• Bitget: The world’s leading cryptocurrency exchange and Web3 company announced the listing of MOBILE, Helium’s 5G network governance token.

Supply

The total supply of Mobile tokens is 82.26B MOBILE, and the maximum supply is 200 billion MOBILE. The current circulating supply is 82.26B MOBILE, accounting for 41.13% of the total supply.

50 billion MOBILE are pre-mined at the launch of Mobile Network and distributed to the network operating fund managed by the Helium Foundation. A portion of this allocation has been allocated to Mobile Network hotspots throughout Genesis.

MOBILE Year 1 starts on August 1, 2022, with the first token minted on August 12, 2022. It is halved every two years and is generally in a deflationary state

MOBILE’s emission plan was proposed in HIP53. Starting from February 1, 2023, 5G hotspot owners will receive 6.6B MOBILE tokens every month to encourage subscribers to register, Share data or demonstrate various other types of valuable behavior to grow the network. Rewards will more than double compared to the genesis period, but the PoC algorithm remains unchanged. Subsequently, it was updated through HIP-75, confirmed by HIP-77, and the emission plan was officially updated in HIP-79 on March 19, 2023.

Digging Process

Purchasing and setting up a 5G hotspot: You need to purchase a compatible 5G hotspot device and a CBRS (Citizens Broadband Radio Service) small cell radio. The device needs to be connected to the internet and set up correctly.

Register with SAS: 5G hotspots must be online and registered with the Spectrum Access System (SAS). SAS is a system maintained by the U.S. Federal Communications Commission (FCC), which ensures the efficient use of wireless spectrum resources.

Hotspot deployment: Deploy hotspot devices at appropriate locations to provide 5G network coverage. Proper placement of hotspots is crucial to maximizing coverage and unlocking potential.

Participate in the network: Once the hotspot is online and registered to SAS, it will start providing 5G coverage to the Helium network. Based on the network's design, hotspots automatically perform the required tasks to mine MOBILE tokens.

Mining and Earning Tokens: Hotspot devices mine MOBILE tokens by participating in the Helium network’s specific mechanisms such as Proof-of-Coverage. Depending on your online activity, you may also receive other forms of rewards.

Distribution of Tokens

Data Hotspot Operators: 40% of the total tokens as a reward for running hotspots that provide data coverage.

Mappers: Participants who contribute map data to network coverage, accounting for 20%.

Service providers: entities that provide various services for the network, accounting for 10%.

veHNT holders: users who pledged their HNT tokens and obtained veHNT (vested Helium Network Tokens, pledged Helium network tokens), accounting for 6%.

Oracles: Systems or entities that provide external data (such as real-world information) to the blockchain, accounting for 4%.

Proof of Coverage: Participants who help verify network coverage, accounting for 20%.

Token Performance

The current price of the MOBILE token is $0.002019, with a price decrease of 31.42% in the past 7 days.

The market capitalization is $166.06M, ranking 303rd.

24-hour trading volume is approximately $4.98M, up 7.86% from the previous time, indicating an increase in trading activity despite falling prices.

Track Analysis

The Helium Mobile project belongs to the decentralized communication network track. This field combines blockchain technology and wireless communication technology to provide decentralized network services and enhance the privacy and control of network users. .

Projects similar to Helium Mobile include DENT Wireless (a global mobile data exchange platform. It allows users to buy, sell or donate data traffic through the DENT application); Althea (a decentralized Internet service provider that enables users to exchange data with each other) Providing and purchasing bandwidth services. This project focuses particularly on improving the availability of network services and reducing costs); ThreeFold Network (a decentralized cloud service market where users can purchase storage and computing resources), etc.

The current number of Helium Mobile users has exceeded 50,000. Based on the annual baseline calculation, the total number of users throughout the year may reach 530,000

Users who participate in Mapping can receive 2,000 MOBILE tokens every day, based on current prices, for 3 days You can recoup the cost of $20

Team/Partners/Financing Status

Team

The Helium Mobile project was initiated by Helium Inc., a company co-founded by Amir Haleem, Sean Carey, and Shawn Fanning. The following is a brief introduction to their backgrounds:

Amir Haleem: Before entering Helium, Amir Haleem had extensive experience in game development and e-sports. He has held senior positions on several successful gaming projects and has developed expertise in online gaming and virtual reality.

Sean Carey: Sean Carey’s background is in technology and product development. Before joining Helium, he had extensive technical leadership and product management experience, especially in software development.

Shawn Fanning: Shawn Fanning is a well-known Internet entrepreneur. His most famous achievement is the creation of Napster, a revolutionary P2P music sharing service. He has a strong background in network technology and innovation and has been involved in multiple technology startup projects.

Partners

Hardware vendors: Hardware manufacturers that provide Helium hotspot devices, such as Rakwireless, Bobcat Miner, Nebra, etc.

Network operators: Cooperating mobile network operators, such as in the United States, Helium has signed a cooperation agreement with T-Mobile to support the deployment of 5G services.

Technology Platforms and Services: Like the Solana Blockchain, Helium chose to conduct its token issuance on the Solana Blockchain to take advantage of its high throughput and low transaction fees.

Financing situation

Helium Mobile has conducted multiple rounds of financing during its development, the most notable of which is the latest round of financing:

Financing round: Series D

Amount of financing: $200M

Valuation: $1.2B

Main investment institutions: Tiger Global and FTX Ventures

In this funding round, Helium Mobile (Nova Labs) has received significant financial support, further strengthening its market position as a decentralized communication network. The funds will be used to expand its business, including promoting its blockchain-based 5G network services.

Investor’s background:

Tiger Global: This is an internationally renowned investment company involved in investments in many successful technology start-ups and growth companies.

FTX Ventures: This is the venture capital arm of the cryptocurrency trading platform FTX, focusing on investments in the blockchain and digital asset fields.

The support of these core investment institutions not only provides funds for Helium Mobile, but also brings rich industry experience and resources, which is helpful for the promotion of its technology and market expansion.

Project pros and cons

Advantages

Decentralized network structure

Scalability: Helium Mobile utilizes a decentralized approach to build its communication network, allowing the network to quickly expand without huge capital expenditures.

Censorship Resistance: Decentralized networks are difficult to control or shut down by a single entity, increasing the stability and reliability of the network.

User Incentive Mechanism

Token Reward: Through the token reward mechanism of the Helium network, users are motivated to participate in network construction, such as deploying hotspots and transmitting data.

Sharing Economy Model: Users can earn tokens by sharing their internet connection, which drives community participation and natural growth of the network.

Technological Innovation

Using Blockchain Technology: Helium Mobile uses blockchain technology to manage network operations and token economy, ensuring transparency and security.

Support multiple network standards: The project supports multiple wireless standards such as LoRaWAN and 5G, covering a wide range of use cases and devices.

Strong Partnerships

Working with T-Mobile: Partnerships with large network operators like T-Mobile allow Helium Mobile to provide more reliable service across the country.

Diversified ecosystem collaboration: Collaboration with hardware vendors and developer communities drives the development of innovative applications.

Disadvantages

Network dependence

Device dependence: Users need to purchase and set up specific hardware devices to join the network, which may limit the popularity and coverage of the project.

Network Density Issue: The efficiency of a decentralized network is highly dependent on the geographical distribution of participants. In sparsely populated or low-participation areas, network service can be spotty.

Technical Complexity and User Experience

User Interface and Experience: Although Helium strives to simplify the user onboarding process, managing and running nodes still requires a certain amount of technical knowledge, which may pose a challenge to non-technical users.

Maintenance and support issues: As a decentralized network, users may have difficulty getting timely and effective help when they need technical support or encounter equipment problems.

Regulatory and Compliance Risks

Uncertain Legal Environment: The legal environment in the blockchain and cryptocurrency space is constantly changing, which may have an impact on the operation and expansion of projects.

Privacy and Security Issues: While blockchain offers enhanced security, the open nature of decentralized networks may also increase the risk of data breaches or cyberattacks.

Market Competition

Compete with traditional and emerging competitors: Helium Mobile needs to compete with traditional large telecom operators as well as other emerging blockchain communication projects, which may have more resources or more mature technology.

Token Volatility

Market Volatility: As a cryptocurrency-related project, Helium Mobile’s economic model is affected by market sentiment and crypto market fluctuations, which may lead to instability in the value of funds and tokens.

Technology Scalability

Scaling Problem: Although blockchain technology provides the possibility for network scalability, in actual operation, with the increase of network users, how to maintain network performance and handle large amounts of data and Trading remains a challenge.

Future Development Analysis

The future development prospects of Helium Mobile look quite optimistic. The following aspects will be key factors that may greatly affect its long-term success and market influence:

Price Competitiveness

The $20 unlimited talk and data plan offered by Helium Mobile, compared to the average $157 per month in the US market Compared with the communication costs, it has a significant price advantage. This low-cost strategy will not only attract consumers, but may also force other operators to lower their prices, thus reshaping the entire industry's pricing structure.

Token Economics and User Incentives

Through the token economics model, Helium Mobile encourages users to participate in the construction and maintenance of the network, which not only helps expand network coverage but also increases user stickiness. Users can earn tokens by providing network services or contributing data, and this model may continue to attract more users to participate.

Partnerships

Partnerships with traditional telecom giants such as T-Mobile provide network reliability and coverage, which is key to Helium Mobile's rapid network expansion and improved user experience. Additionally, Helium Mobile is partnering with Telefónica in Mexico, indicating its potential to expand into international markets.

Technology and Infrastructure

Helium Mobile’s success relies in part on the stability and efficiency of its technology, including how it handles large-scale network activity and data. The project’s technical foundation and innovation capabilities will be key to supporting its long-term development.

Market and Regulatory Environment

Market acceptance and regulatory environment will significantly affect the development of Helium Mobile. Projects need to effectively market and educate users to increase market acceptance while complying with local regulations.

Integration of DePIN and Solana Ecosystem

Helium Mobile has migrated to the Solana network and become part of its DePIN ecosystem. Solana's high-performance and low-cost features may further drive Helium Mobile's technology development and market expansion.

Adjustment of Mining Rules

Helium Mobile has adjusted the mining rules to ensure that rewards are closely related to the actual network services provided, which may improve the quality of the network and fairness for users, thereby increasing the overall network value.

Market Growth and Expansion

Helium Mobile’s market strategy and expansion plans will be the key to future success. How a project attracts new users while maintaining its current user base, and how it expands into new geographic areas, will directly impact its market share and revenue growth.

Helium Mobile has the potential to create a significant impact in the communications industry through a unique token economy and partnerships. However, the project's success will depend on its ability to continue to innovate, expand market acceptance and overcome technical and regulatory challenges. In the ongoing market and technological development, Helium Mobile needs to continuously adjust and optimize its strategies to adapt to the changing environment.

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