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-USDT HNTUSDT	bybit	A	0.2800USDT	1.97%	4,292,724.80HNT	29,040	0.2746USDT	0.3507USDT
2	HNT-USD HNT-USD	coinbase	AA	0.2798USD	2.12%	2,319,354.39HNT	7,560	0.2740USD	0.3629USD
3	HNT-USDT HNT_USDT	gateio	A	0.2802USDT	1.78%	1,439,744.30HNT	15,062	0.2753USDT	0.3561USDT
4	HNT-USD HNTUSD	kraken	AA	0.2800USD	2.19%	472,877.02HNT	2,175	0.2740USD	0.4184USD
5	HNT-USDT HNTUSDT_SPBL	bitget	BB	0.2801USDT	2.04%	326,545.09HNT	4,028	0.2745USDT	0.3515USDT
6	HNT-USDT HNT-USDT	kucoin	BB	0.2810USDT	2.55%	283,426.59HNT	3,674	0.2740USDT	0.3550USDT
7	HNT-USD HNT_USD	cryptodotcom	AA	0.2806USD	2.00%	165,644.20HNT	1,018	0.2751USD	0.3504USD
8	HNT-EUR HNTEUR	kraken	AA	0.2525EUR	0.20%	141,458.51HNT	266	0.2520EUR	0.3388EUR
9	HNT-USDT HNT_USDT	cryptodotcom	AA	0.2795USDT	1.23%	109,086.50HNT	299	0.2761USDT	0.3363USDT
10	HNT-USD hntusd	gemini	A	0.2813USD	-3.89%	293.98HNT	10	0.2927USD	0.3003USD
11	HNT-TRY HNTTRY	btcturk	E	14.07TRY	1.66%	6,990,815.09HNT	8,342	13.84TRY	17.50TRY
12	HNT-KRW HNT_KRW	bithumbkorea	-	379.00KRW	1.88%	6,067,546.42HNT	15,033	372.00KRW	485.00KRW
13	HNT-USDT HNTUSDT	btcturk	E	0.2800USDT	1.27%	998,669.06HNT	1,845	0.2765USDT	0.3469USDT
14	HNT-USDT HNTUSDT	bitrue	D	0.2819USDT	1.81%	791,802.23HNT	36,644	0.2770USDT	0.3510USDT
15	HNT-EUR HNT-EUR	bitvavo	B	0.2506EUR	1.84%	753,656.21HNT	2,102	0.2461EUR	0.3224EUR
16	HNT-USDT hnt_usdt	xtpub	-	0.2801USDT	1.71%	576,472.90HNT	1,790	0.2754USDT	0.3469USDT
17	HNT-USDT HNTUSDT	toobit	C	0.2808USDT	2.07%	467,489.60HNT	9,290	0.2751USDT	0.3498USDT
18	HNT-USDT HNT_USDT	bitunix	C	0.2812USDT	2.11%	271,757.40HNT	7,773	0.2754USDT	0.3519USDT
19	HNT-USDT HNTUSDT	mexc	C	0.2812USDT	2.33%	219,461.03HNT	3,670	0.2748USDT	0.3536USDT
20	HNT-USDT HNT_USDT	bydfi	-	0.2810USDT	2.26%	173,874.28HNT	3,003	0.2748USDT	0.3518USDT
21	HNT-EUR HNTEUR	bit2me	B	0.2616EUR	3.81%	139,539.81HNT	254	0.2520EUR	0.3388EUR
22	HNT-INR HNTINR	coindcx	-	28.66INR	1.02%	19,847.19HNT	174	28.37INR	34.32INR
23	HNT-THB THB_HNT	bitkub	C	9.36THB	9.73%	8,505.03HNT	18	8.53THB	12.25THB
24	HNT-IDR hntidr	indodax	E	5,137.00IDR	2.86%	6,913.19HNT	69	4,994.00IDR	6,724.00IDR
25	HNT-MYR HNTMYR	luno	B	1.35MYR	13.24%	999.60HNT	36	1.20MYR	1.40MYR
26	HNT-KRW hnt_krw	korbit	C	400.00KRW	0.00%	0HNT	0	400.00KRW	400.00KRW
27	HNT-USDT HNTUSDT	hitbtc	E	0.5011USDT	0.00%	0HNT	0	0.5011USDT	0.5011USDT
28	HNT-BRL HNT-BRL	mercadobtc	C	1.98BRL	0.00%	0HNT	0	1.98BRL	1.98BRL
29	HNT-USDT HNTUSDT	latoken	D	0.4126USDT	0.00%	0HNT	0	0.4126USDT	0.4126USDT
30	HNT-USDC HNTUSDC	cube	D	2.47USDC	0.00%	0HNT	0	2.47USDC	2.47USDC