Helium

Organization Name – Helium

Category – Services

About

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Helium is a decentralized wireless network designed to provide global connectivity for Internet of Things (IoT) devices and mobile phones. Launched in 2013 by Amir Haleem, Shawn Fanning, and Sean Care…y, Helium aims to create a people-powered network that enables anyone to deploy wireless infrastructure and earn rewards through cryptocurrency incentives. The network operates on a unique model where individuals and businesses can set up Hotspots—wireless devices that provide network coverage and mine Helium’s native cryptocurrency, HNT.   

The Helium Network comprises two main components: the IoT Network and the Mobile Network. The IoT Network utilizes Long Range Wide Area Network (LoRaWAN) technology to connect low-power devices over long distances, making it ideal for applications like environmental monitoring, asset tracking, and smart agriculture. The Mobile Network, known as Helium Mobile, offers cellular coverage through a decentralized model, allowing users to offload data onto Helium’s network via Wi-Fi hotspots. This approach challenges traditional telecom models by shifting the power of connectivity into the hands of individuals and communities.    

Helium’s economic model revolves around the HNT token, which serves as the backbone of the network’s incentive structure. Hotspot operators earn HNT by providing network coverage and transferring data. To use the network, devices consume Data Credits, which are created by burning HNT, thereby reducing its supply and potentially increasing its value. This burn-and-mint equilibrium ensures a balance between network usage and token supply.  

In April 2023, Helium migrated its blockchain to the Solana network to enhance scalability and performance. This transition allowed for faster transaction speeds and lower fees, benefiting both users and developers. Additionally, Helium introduced two sub-tokens: IOT and MOBILE, dedicated to the IoT and Mobile networks, respectively. These tokens facilitate specific network operations and provide more granular control over each network segment. 

Helium’s decentralized model has attracted a global community of contributors, with over 421,000 active Hotspots deployed worldwide. The network’s open-source nature encourages innovation, allowing developers to build applications and services on top of the existing infrastructure. Furthermore, Helium’s partnerships with major carriers and enterprises have expanded its reach, integrating its network into various industries and use cases. 

Despite its innovative approach, Helium has faced challenges, including regulatory scrutiny and questions about its business practices. In January 2025, the U.S. Securities and Exchange Commission filed a complaint against Nova Labs, Helium’s parent company, alleging unregistered sales of securities. The case was settled in April 2025 with a $200,000 agreement, allowing Helium to continue its operations without admitting wrongdoing. 

Helium’s vision of a decentralized wireless network represents a significant shift in how connectivity is provided and monetized. By empowering individuals to participate in network infrastructure and rewarding them through cryptocurrency, Helium challenges traditional models and offers a new paradigm for global connectivity. As the network continues to grow and evolve, it holds the potential to reshape the landscape of wireless communication and IoT integration.  Read More