In our commitment to broaden our offerings continually, we are introducing a new project addition - Helium Mobile. Helium Mobile is not just another telecommunications company. It's a revolutionary wireless service built on the Helium Network, a decentralized, blockchain-powered internet infrastructure project.
This means no more corporate giants controlling your connection or dictating sky-high prices. With Helium Mobile, the power is in your hands.
This article comprehensively overviews Helium Mobile, its native token MOBILE, tokenomics, functionalities, and potential impact on the crypto ecosystem. Lastly, you will learn how to buy MOBILE coins through CoinEx.
What Is Helium Mobile?
Helium Mobile is a wireless phone service built on the decentralized, crypto-powered Helium network. This network gives anyone the ability to develop and operate mobile networks through the use of token incentivization. This is the largest and fastest-growing wireless network in the history of the globe.
Helium Mobile is confident in its ability to deliver dependable cellular phone services since it is built on the Solana blockchain and uses the solid 5G infrastructure that T-Mobile has developed.
By installing a Helium Hotspot at your residence, place of business, or anywhere else in the area, you will be able to supply your community with wireless network coverage for low-power "Internet of Things" or cellular devices, and you will also be able to earn Helium tokens.
You will be paid with Helium tokens for providing miles of wireless network coverage for millions of devices across two wireless standards (LoRaWAN and cellular). Regarding energy efficiency, LoRaWAN Hotspots are highly efficient, consuming only 5W of power.
Foundation
In 2019, Helium Network launched Helium Mobile by signing a multi-year agreement with T-Mobile, marking its first foray into the 5G arena in the United States.
In August 2023, the commercial market welcomed Helium Mobile with a limited trial release and a launch in Miami, Florida.
How Does Helium Mobile Work?
Helium Mobile is a peer-to-peer network. What makes it unique is that instead of using traditional cell towers, it uses a distributed network of community-owned hotspots deployed by ordinary citizens such as you and me. These hotspots provide coverage and generate tokens known as HNT, which can be converted into MOBILE tokens.
But here's the magic, accessing the Helium Mobile’s benefits is possible without creating a hotspot. You register into the service as a client and then hook up to the closest hotspot. Your phone effortlessly moves between the Helium network and T-Mobile’s large 5G footprint, so you will never be out of signal.
Overview of MOBILE
MOBILE tokens are more than just rewards for hotspot owners. They are the very core of the Helium Mobile ecosystem. You can use MOBILE to:
- Pay for your monthly service: Ditch the traditional bills and top-ups. With MOBILE, you have a single, transparent payment system.
- Earn rewards: As a hotspot provider, you earn MOBILE tokens by offering coverage and participating in the governance of the network.
- Contribute to the network: You should stake your MOBILE tokens to the secure network and get more rewards.
- Incentive: The MOBILE tokens are given to the users who help maintain and grow the network through active involvement. One of the methods that can be used to obtain these tokens is through the voluntary sharing of data on network coverage. Significantly, participating in this data-sharing activity is optional; thus, users can decide whether to participate.
Helium Mobile is not just about phone calls and internet browsing. It’s about equalizing the means of connectivity and creating a more level playing field for our internet. Here are some of the potential benefits:
Bridging the digital divide: Through affordable and easy access to the internet through Helium Mobile, underserved communities and individuals can be empowered.
Boosting innovation: The fact that the Helium Network is open source encourages a lot of innovation and allows developers to develop innovative applications on top of it.
Creating a more resilient Internet: The Helium Network’s decentralized architecture makes it more immune to censorship attacks and outages.
MOBILE Tokenomics
Max. Supply: 200B MOBILE
Circulating Supply: 82.26B MOBILE
Market Cap: $389.08M
Cryptocurrency Rank: #188
Data hotspot: 40%
Mappers: 20%
Service providers: 10%
veHNT Stakers: 6%
Oracles: 4%
Proof of Coverage: 20%
How to Buy and Trade MOBILE Tokens on CoinEx?
CoinEx is a global cryptocurrency exchange trusted by 5+ million users worldwide with 100% reserve. Users can now trade quickly and seamlessly with its 900+ tokens supported, including MOBILE.
To purchase MOBILE tokens on CoinEx, follow the steps below.
- Create an Account: Start by signing up for a CoinEx account.
- Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
- Navigate to MOBILE Trading Page: After depositing funds, proceed to the MOBILE trading page. You can find a search box and enter the term MOBILE to swiftly locate the trading pair associated with MOBILE tokens.
- Choose a Trading Pair: Select the desired trading pair that matches MOBILE with another cryptocurrency. For instance, you may choose to trade MOBILE/USDT.
- Specify the Purchase Amount: Determine the quantity of MOBILE tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
- Execute the Trade: Execute the trade with the specified amount. Confirm the details, and if you are satisfied, submit the order.
Following these comprehensive steps, you can easily trade MOBILE tokens on CoinEx using the available trading pairs.
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