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2) [NOT INVESTMENT ADVICE]

@helium

is a network of decentralized wifi routers. What does that mean? It means that a bunch of people each own one of these things:

2:31 AM · Sep 16, 2020Twitter Web App

3) Each one of them is low-power, long-lasting, long-range, and small; they're little widgets that you carry around with you. They provide wifi in an area around you to anyone using the Helium network. Alone, one of them is silly: it's basically just tethering to your phone.

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4) But if you have a *lot* of them, it creates something cooler. And in fact there are a lot of them. Already, around half of the US population is covered by Helium (!!!).

5) As this grows, it creates a decentralized, world-wide wifi network that participants can use. Who would use Helium? Well anyone could! But here are some examples: helium.com/business

6) The tokenomics are interesting: both inflationary and deflationary. HST act as generators for HNT, creating new ones each month. But using internet from the Helium network burns HNT -- that's how you pay for it.

7) So HNT is a bet on the future usage of Helium--the more it's used, the more tokens are demanded.

8) Helium also has a proof of coverage algorithm that verifies where hotspot owners are, compensating them for providing coverage to the network.

9) The Helium network's communication also utilizes a blockchain to communicate who is providing wifi, where, when, and who's using it.

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10) $HNT is now listed on FTX! ftx.com/trade/HNT-PERP In addition, there is now an SPL (Solana) verison of HNT, which is listed on

@ProjectSerum

: dex.projectserum.com I'm excited to see the future of Helium--and to see what a high-throughput chain can offer it.

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