World’s largest crypto exchange Binance announced that it had listed Helium Blockchain’s HNT token on the platform. In the official tweet, Binance stated that Helium provides a secure and cost-effective path for IoT devices to interact with the internet.
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Based in San Francisco, Helium is a p2p wireless network infrastructure built on the HoneyBadgerBFT’s consensus protocol dedicated to low powered Internet of Things devices. It aims to enable these devices to interact with the internet securely and affordably. The initial blockchain was first implemented in the Q3 of 2018, while the mainnet was launched in Q3 of 2019.
Though the Helium Security Token (HST) was on sale for investors since 2014, bringing more than $55 million for the project, a token sale for HNT was never conducted. According to the agreement with investors, HST holders will receive 34% of mining rewards, out of which Helium Inc. shall receive 21.50% of all mining rewards. By the end of 2020, Helium intends to complete integration with Google Cloud Platform, Microsoft Azure, WiFi 6, and LTE/5G. It also intends to release Proof of Coverage algorithm updates and LIBP2P implementation improvements by the end of the year.
Since the beginning of the 21st century, IoT and Blockchain have been among the most sought after technologies, including Big Data, AI, and Machine Learning. The amalgamation of these technologies is expected to bring a wave of breakthrough developments in the coming years, which give HNT holders a significant advantage.