In brief
Helium will launch new MOBILE and IOT tokens as it expands its crypto-powered wireless network.
The token-incentivized network may also expand to include additional decentralized protocols.
Helium's novel concept—standing up a wireless network for sensors and trackers that is powered by token-rewarded node operators—has earned significant support. Nova Labs, the recently-renamed startup that represents Helium’s founders, announced today that the network will launch new crypto tokens tied to individual networks.
The shift to a new model comes as Helium attempts to expand its offerings with 5G connectivity and more.
The existing HNT token will continue to exist and serve as something of a “reserve currency” or “floor currency” for the expanding Helium ecosystem, Nova Labs CEO and co-founder Amir Haleem told Decrypt.
Meanwhile, Helium will first launch a new MOBILE crypto token this month, which will reward people who operate a 5G node and contribute coverage to Helium’s...
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