From smart pet collars to bike trackers, air quality and environmental sensors, hundreds of companies and thousands of developers are already deploying IoT applications that use The People’s Network.
Now millions of new and existing solutions, sensors, and devices can connect to the Internet without Wi-Fi or cellular using 'LongFi' - a powerful combination of the LoRaWAN wireless protocol and the Helium Blockchain.
Anyone can earn HNT by simply building The People’s Network and participating in Proof-of-Coverage, a novel proof-of-work model. HNT is also earned for transferring IoT device data.
In order to use the network and transfer data, IoT devices must use Data Credits. Fixed in value, Data Credits are created by burning HNT, reducing the total supply of 5 million HNT mined each month, to achieve a Burn and Mint Equilibrium.
The People's Network is made possible through sophisticated, open-source technologies that aim to create a truly decentralized and trust-less model for building wireless infrastructure.
Tokens & Data Credits
The network uses two units of exchange: HNT, a new cryptocurrency, and Data Credits.
Our novel proof-of-work algorithm enables Hotspots to be rewarded trustlessly.
LongFi combines the low-power, long-range LoRaWAN wireless protocol with the Helium Blockchain.
Helium has raised equity funding from some of the most prominent Venture Capital (VC) firms in the world including Khosla Ventures, FirstMark Capital, GV (formerly Google Ventures), HSB/MunichRe Ventures, Union Square Ventures, Multicoin Capital, and others.