Question 1

What is Helium (HNT)?

Accepted Answer

Helium (HNT) is a decentralized blockchain-powered network specifically designed for Internet of Things (IoT) devices. It was launched in July 2019, with the mainnet enabling low-powered wireless devices to communicate and transfer data across its network of nodes. These nodes are known as Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate these nodes can mine and earn rewards in Helium’s native cryptocurrency token, HNT. Helium was created to address the inadequacies in the existing IoT infrastructure, focusing on decentralization and improved communication capabilities​​​​.

Question 2

What is Helium (HNT) used for?

Accepted Answer

Helium is used to improve the communication capabilities of wireless IoT devices. Its network participants purchase or build Hotspots to provide network coverage and mine Helium’s native token, HNT. The network operates on a proof-of-coverage consensus algorithm, allowing nodes to reach consensus even with highly variable connection quality. This makes it particularly suited for IoT applications. In addition to mining rewards, the network uses another token called Data Credits for transaction fees. Data Credits are non-exchangeable and tied to individual users, created by burning HNT. They are used to send data over the Helium Network, with their price fixed in USD. The Helium Network employs a Burn-and-Mint Equilibrium model involving multiple tokens, including HNT and Data Credits, to balance its token economy​​​​.

Question 3

# Who created Helium (HNT)?

Accepted Answer

Helium was co-founded by Amir Haleem, Shawn Fanning, and Sean Carey in 2013. Amir Haleem comes from an eSports and game development background. Shawn Fanning is notably recognized for developing Napster, a pioneering music sharing service and one of the first mainstream peer-to-peer internet services in the late 1990s. Sean Carey had multiple development roles prior to Helium, including at advertising optimization firm Where, which was acquired by PayPal. The team at Helium, now consisting of members with experience in various fields such as radio and hardware, manufacturing, distributed systems, and blockchain technologies, aims to revolutionize decentralized wireless infrastructure​​.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	HNT-USD HNT-USD	coinbase	AA	0.5162USD	7.79%	5,294,098.30HNT	14,031	0.4789USD	0.5881USD
2	HNT-USDT HNTUSDT	bybit	A	0.5158USDT	7.75%	3,297,407.33HNT	25,429	0.4787USDT	0.5860USDT
3	HNT-USDT HNT_USDT	gateio	A	0.5164USDT	8.06%	1,761,349.10HNT	15,657	0.4779USDT	0.5839USDT
4	HNT-USD HNTUSD	kraken	AA	0.5164USD	8.28%	1,215,124.66HNT	5,022	0.4769USD	0.5790USD
5	HNT-USDT HNTUSDT_SPBL	bitget	BB	0.5155USDT	8.00%	599,363.80HNT	6,931	0.4774USDT	0.6008USDT
6	HNT-USDT HNT-USDT	kucoin	BB	0.5160USDT	7.72%	329,041.16HNT	5,592	0.4790USDT	0.5840USDT
7	HNT-USD HNT_USD	cryptodotcom	AA	0.5182USD	7.94%	72,935.90HNT	697	0.4801USD	0.5785USD
8	HNT-EUR HNTEUR	kraken	AA	0.4556EUR	9.47%	24,858.52HNT	112	0.4162EUR	0.4928EUR
9	HNT-USD hntusd	gemini	A	0.5125USD	2.85%	12,624.26HNT	78	0.4984USD	0.5719USD
10	HNT-USDT HNT_USDT	cryptodotcom	AA	0.5125USDT	7.71%	11,907.10HNT	73	0.4758USDT	0.5655USDT
11	HNT-TRY HNTTRY	btcturk	E	25.18TRY	8.25%	5,447,383.80HNT	12,213	23.26TRY	27.30TRY
12	HNT-KRW HNT_KRW	bithumbkorea	-	693.00KRW	8.28%	3,478,935.36HNT	8,231	640.00KRW	829.00KRW
13	HNT-USDT hnt_usdt	xtpub	-	0.5164USDT	8.06%	1,379,761.10HNT	4,085	0.4779USDT	0.5828USDT
14	HNT-EUR HNT-EUR	bitvavo	B	0.4500EUR	7.87%	875,291.52HNT	1,774	0.4171EUR	0.5089EUR
15	HNT-USDT HNTUSDT	bitrue	D	0.5180USDT	8.37%	622,065.35HNT	37,763	0.4780USDT	0.5840USDT
16	HNT-USDT HNTUSDT	btcturk	E	0.5143USDT	7.03%	474,795.23HNT	1,112	0.4805USDT	0.5745USDT
17	HNT-USDT HNTUSDT	toobit	C	0.5163USDT	8.01%	353,398.90HNT	9,459	0.4780USDT	0.5828USDT
18	HNT-USDT HNTUSDT	mexc	C	0.5155USDT	7.82%	335,227.36HNT	5,402	0.4781USDT	0.5823USDT
19	HNT-USDT HNT_USDT	bydfi	-	0.5155USDT	7.82%	280,745.39HNT	3,544	0.4781USDT	0.5823USDT
20	HNT-USDT HNT_USDT	bitunix	C	0.5162USDT	7.90%	262,057.20HNT	8,299	0.4784USDT	0.5824USDT
21	HNT-MYR HNTMYR	luno	B	2.00MYR	2.86%	54,150.47HNT	200	1.94MYR	2.15MYR
22	HNT-EUR HNTEUR	bit2me	B	0.4556EUR	9.47%	24,858.52HNT	112	0.4162EUR	0.4928EUR
23	HNT-INR HNTINR	coindcx	-	51.33INR	7.21%	25,644.87HNT	312	47.88INR	57.49INR
24	HNT-IDR hntidr	indodax	E	9,131.00IDR	8.73%	13,103.38HNT	137	8,398.00IDR	10,499.00IDR
25	HNT-THB THB_HNT	bitkub	C	17.00THB	3.85%	12,527.66HNT	43	16.37THB	18.88THB
26	HNT-USDT HNTUSDT	coinex	C	0.5160USDT	8.15%	11,339.98HNT	8,735	0.4771USDT	0.5759USDT
27	HNT-BTC HNTBTC	coinex	C	0.0₅6048BTC	8.94%	1,154.94HNT	1,481	0.0₅5552BTC	0.0₅6619BTC
28	HNT-USDC HNTUSDC	coinex	C	0.5171USDC	8.16%	1,138.52HNT	1,514	0.4781USDC	0.5733USDC
29	HNT-KRW hnt_krw	korbit	C	660.60KRW	3.59%	115.64HNT	5	637.70KRW	745.10KRW
30	HNT-BRL HNT-BRL	mercadobtc	C	2.85BRL	-1.74%	42.00HNT	7	2.90BRL	3.08BRL
31	HNT-USDT HNTUSDT	hitbtc	E	0.5011USDT	0.00%	0HNT	0	0.5011USDT	0.5011USDT
32	HNT-USDT HNTUSDT	latoken	D	0.5256USDT	9.80%	0.1760HNT	176	0.4787USDT	0.5794USDT
33	HNT-USDC HNTUSDC	cube	D	2.47USDC	0.00%	0HNT	0	2.47USDC	2.47USDC