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Helium IOT

IOT Distributed Computing DePIN
$0.000081
-1.66% (24h)

Market Stats

Price
$0.000081
-1.66% (24h)
Market Cap
$1.7M
Volume (24h)
-
Supply
20.25B IOT
FDV
$2.60M

Shariah Analysis

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Last Screening: Q1 2024

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About Helium IOT

The Helium IOT Network is a decentralized, blockchain-based wireless infrastructure project that incentivizes individuals and organizations to deploy and operate wireless networks. It leverages the Solana Blockchain to provide a scalable, secure, and distributed platform for various use cases, including IoT devices through the LoRaWAN network and high-speed mobile connectivity via the 5G network. The network employs a token-based system, with the IOT token as the governance token of the LoRaWAN IOT Subnetworks, which is mined by IOT Hotspots through data transfer proceeds and Proof of Coverage. The Helium IOT Network is rapidly growing, attracting new users, developers, and organizations, and aims to revolutionize the wireless communication landscape by democratizing access to connectivity.

Consensus Mechanism

Proof of Coverage (POC)

Official Links

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