Helium Mobile
- Helium Mobile (MOBILE) is a wireless phone service built on the decentralized, crypto-powered Helium network, which enables individuals to establish and manage mobile networks through token incentivization.
- Providing Network Coverage: Users can earn MOBILE tokens by setting up a Helium 5G Hotspot, which acts like a mini cell tower, expanding the network coverage. These hotspots are available from makers in the Helium Ecosystem. Once set up properly, your 5G Hotspot will start earning MOBILE tokens. (Currently USA Only)
- Token: Mobile
- Current Price: $0.6814
- Estimated Monthly Earnings: $483*(Varies due to location)
- Cost to Invest: $2500 ($0 Discount)
- Link: https://www.helium.com/5G
Helium 5G
is here.
The Helium Network is growing! Earn MOBILE for providing cellular connectivity for others.
Helium Crypto Wireless Network to Launch New Tokens Amid Expansion
Even more protocols besides IoT and 5G could be offered by Helium as it readies a new “network of networks” approach.
- Helium will launch new MOBILE and IOT tokens as it expands its crypto-powered wireless network.
- The token-incentivized network may also expand to include additional decentralized protocols.
Helium's novel concept—standing up a wireless network for sensors and trackers that is powered by token-rewarded node operators—has earned significant support. Nova Labs, the recently-renamed startup that represents Helium’s founders, announced today that the network will launch new crypto tokens tied to individual networks.
The shift to a new model comes as Helium attempts to expand its offerings with 5G connectivity and more.
The existing HNT token will continue to exist and serve as something of a “reserve currency” or “floor currency” for the expanding Helium ecosystem, Nova Labs CEO and co-founder Amir Haleem told Decrypt.
Meanwhile, Helium will first launch a new MOBILE crypto token this month, which will reward people who operate a 5G node and contribute coverage to Helium’s latest network.
Early adopters who run 5G nodes—there are about 5,000 of them, Haleem estimated—are not currently being rewarded for providing coverage for devices like phones and laptops. That will change once the MOBILE token is live, ahead of Helium’s plans to rapidly scale the 5G network as hardware partners like FreedomFi seek to lower prices for the nodes.
In August, the network plans to launch a new IOT token that node operators will earn for the original LoRaWAN network designed for Internet of Things (IoT) devices, like sensors and trackers. The network now has more than 850,000 active nodes around the world, up from 640,000 in mid-March. That tally has climbed rapidly since the start of last year.
Existing HNT tokens—whether earned via running nodes or bought on secondary markets—will continue on as-is, even after the launch of the new MOBILE and IOT tokens.
Either of those tokens can be exchanged for HNT as holders please, a process that Haleem likened to the former ability for U.S. dollars to be swapped for gold. However, it’s a one-way process—Helium won’t provide a way to swap HNT back for MOBILE or IOT.
Furthermore, as the new tokens launch, Helium will enable MOBILE and IOT token holders to govern each respective protocol via a new sub-DAO, or decentralized autonomous organization. A DAO is an online community created around a shared goal, including protocol governance.
“As we've seen with Helium, the network is always evolving,” said Haleem. “There's always new challenges. There's always new things to think about, and how to govern all of these different protocols is a complicated question. Putting it in the hands of the token holders for each protocol, I think, is a really interesting way of solving that.”
Helium’s new token launches and associated changes are being billed as “Chapter 2” for the network, and were passed in a community vote that concluded on June 7. Ultimately, the HIP 51 proposal was supported by about 97% of the token share used for voting. Subsequent HIP 52 and HIP 53 proposals will ultimately yield the new sub-DAOs for each protocol.
The passed proposals and today’s announcement point to the short-term changes coming to the Helium network, but they’re indicative of a larger shift—a “network of networks” approach that can bring additional future protocols under the Helium umbrella in the future.
Helium could encompass a wide range of connectivity protocols—including Wi-Fi or content delivery networks (CDNs), for example—and the HIP 51 proposal clears the way for decentralized VPN service Boring Protocol to join the network, as well.
The original IoT network continues to grow rapidly, and with MOBILE launching this month, Haleem said he expects the number of 5G nodes to accelerate, as well. In time, we could see Helium’s expanding crypto incentives model drive a wide array of distributed protocols.
“We wanted to figure out a way to be able to add all of these different protocols into Helium in a way that continued to accrue value to the whole ecosystem,” Haleem said, “and added value to the people bringing those protocols to the network.”
What is MOBILE Genesis?
MOBILE Genesis is the bootstrapping phase of the Helium 5G network. 5G Hotspot bundle owners will need to stay connected to provide coverage to earn MOBILE reward starting early summer.
When will we start earning MOBILE for Proof-of-Coverage?
After the MOBILE Genesis phase, 5G Hotspot bundle owners will start receiving rewards based on the 5G PoC process. This phase will approximately be activated late summer.
Samsung, Qualcomm Back FreedomFi, Helium’s 5G Crypto Network Partner
FreedomFi raises $9.5 million to scale its decentralized network with Helium and trim the price of 5G gateway hardware.
Helium’s bet on building a decentralized wireless network to power Internet of Things (IoT) devices appears to be paying off, with over 640,000 active nodes earning tokens around the world. Now the project is expanding into 5G connectivity—and its partner FreedomFi has just added allies like tech giants Samsung and Qualcomm in a new funding round.
FreedomFi announced today that it's raised $9.5 million in Series A round to continue building its decentralized 5G network alongside Helium. Samsung’s Next venture arm participated in the round, alongside Qualcomm Ventures and Blueyard Capital.
FreedomFi provides the firmware and small-cell hardware that power Helium’s newer 5G network, enabling individual node operators to tap into the decentralized network and earn HNT tokens for providing service to nearby smartphone, laptop, and tablet users.
While $2,500 is a sizable investment, Renski said typical 5G small-cell deployments from cellular carriers cost about $28,000 each, per data sourced from Qualcomm. FreedomFi already has cut the price significantly for its version, and aims to further scale the total cost to around $500 as hardware components become cheaper.
“We want to cut out all the middlemen and simplify the process,” said Renski, “such that anybody on the Helium network can—for $500—get a cellular miner, plug it in, and make it work.”
Crypto-powered 5G
FreedomFi is currently the only manufacturer of the Helium 5G gateways, and the company aims to have 50,000 units deployed by the end of 2022. And it’s about to get more help in scaling the hardware needed for Helium’s new network.
Today, FreedomFi announced that hardware maker Bobcat—seller of the most popular miner (or node) for Helium’s IoT-focused LoRaWAN network—also will build 5G gateways using FreedomFi’s firmware. Bobcat’s Bobber 500 gateway will be released in April. Nearly a quarter million of Bobcat’s previous LoRaWAN Helium nodes already have been sold.
While the FreedomFi-powered Helium 5G network currently is much smaller in scale than the original Helium IoT network, it could be significantly more useful in time.
Trackers and sensors don’t use much data, but smart devices are everywhere—and 5G-compatible ones are growing in number. If the hardware costs can indeed drop and HNT token rewards provide enough incentive to justify the initial buy-in, then an expanding distributed 5G network could prove to be broadly valuable.
“When we started—about a year ago now—working on this with Helium, it was like a totally crazy, alien concept,” Renski said. “Crypto is the edge of innovation, and telcos are almost like government organizations that are super conservative and slow to adopt anything new.”
“The fact that we have Qualcomm actively engaging with us, and so much so that they are actually investing in our company,” he continued, “I think is a pretty good validation of [the idea] being quite a bit less crazy at this point than it was just a year ago.”