An altcoin that decided to switch to the Solana network in September of last year has trended with its new token released today.
Moved to Solana (SOL) network, this altcoin triggered the rally with its new token
Helium (HNT) decided to switch to the Solana network last year. The proposal voted on by the DAO included moving HNT, IOT, DC and MOBILE tokens to Solana’s PoS network. The Helium community voted “yes” in the vote to move the network to the Solana network.
In recent developments, Helium’s new protocol token IoT, introduced with HIP-52, is rallying after the successful migration of the network to the Solana network last week. Its price has appreciated over 370% in a 24-hour period. At the time of writing, it is trading in the $0.002266 region, where it has returned some of its gains.
Helium has successfully completed its migration to the Solana network
Helium launched its transition to the Solana network on April 18, abandoning its own crypto infrastructure for a new and more stable Blockchain. The developers supporting the network integrated the Helium network which will rebuild their core metrics in Solana within 24 hours.
The Solana migration gives the project a wider audience and a more stable platform. IOT is the protocol cryptocurrency of Helium’s internet of things network. Helium’s hotspots, the hardware infrastructure behind the IoT network, act as a kind of mining.
Helium has a mission to provide an open source and secure wireless network. In the project’s official Medium post on April 19, he writes about the latest status on his network.
- Nearly one million Hotspots deployed since launch have reached hundreds of countries. With coverage of over 77,000 towns and cities in 192 countries, Helium is currently the world’s largest LoRaWAN network.
- The metro areas below are just a few of the cities with full coverage. Lisbon, Los Angeles and New York. Again in the USA region Washington DC. Also, London, Zurich, Amsterdam, Istanbul, Berlin and Sydney and others.
- In addition, the Helium 5G network is also experiencing rapid growth. However, the community has deployed more than 8,000 5G radios in less than a year.
- There is currently a partnership with over 25 approved Hotspot manufacturers, four major LoRaWAN roaming partners, and a nationally recognized carrier for 5G coverage.
- About 100,000 devices actively use the Helium Network for connectivity, excluding access via roaming partners.
- cryptocoin.com In this article, we have included what you need to know about Helium.
What’s next for Helium tokens?
Kamino Finance announced that it has opened Helium vaults that allow investors to stake IOT and HNT tokens. IOT is recently trading at $0.002258 with a fully diluted market cap of $495 million. However, based on the circulating supply, its current market cap is approximately $15 million.
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