Blog Details


What is Helium Network Token (HNT) ?

Helium Network Token (HNT) is the cryptocurrency that is mined by the Hostpots during its wireless IoT network operations. When connected to a nearby Hotspot, a ‘proof of coverage’ is delivered that validates LoRa gateway real availability, as well as its related coverage. This confirmation simultaneously triggers the generation of Helium’s native cryptocurrency, Helium Network Token (HNT), using the gateway-embedded miner, thus rewarding Helium Network participants and granting coverage for hundreds of square miles throughout the community. Helium proposes a wireless economy with two units of exchange: HNT (Helium Network Token) & Data Credits (to connect to and use the community open wireless IoT network).How to earn HNT using Heliumrent Plans?Hotspots’ miners earn HNT when LoRa-enabled IoT devices connect and for validating wireless coverage delivered by peers’ LoRaWAN gateways. Using the system called ‘proof-of-coverage’, Helium Compatible LoRaWAN gateways mine more HNT when they are in the range of other Helium compatible LoRa gateways, but need to be at least 300 meters apart. Heliumrent can rent out their hotspot spaces for given periods. You can check out the plans here: