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hnt

HNT is the native cryptocurrency of the Helium blockchain, a decentralized wireless network designed to support Internet of Things devices using the LoRaWAN standard. The network aims to provide low-power, wide-area connectivity that can be deployed by individuals and communities through physical devices called hotspots.

Hotspots act as network gateways and miners, providing wireless coverage and validating Proof of Coverage challenges

Tokenomics and data economics are central to HNT. The Helium project maintains a finite maximum supply of

In practice, HNT is traded as a cryptocurrency on various exchanges and is subject to price movements

to
earn
rewards.
The
incentive
system
originally
relied
on
Proof
of
Coverage,
a
challenge-based
consensus
mechanism,
and
later
evolved
as
Helium
moved
toward
a
new
architecture
known
as
Helium
2.0,
which
transitioned
the
network
to
a
Solana-based,
proof-of-stake
model.
In
this
migration,
staking
and
validation
responsibilities
shifted
toward
a
set
of
on-chain
participants,
while
device
data
transmission
remains
a
core
use
case
for
the
network.
HNT,
commonly
cited
as
223
million.
A
portion
of
HNT
is
burned
to
create
Data
Credits,
which
are
used
to
pay
for
data
transfer
on
the
network.
Data
Credits
provide
a
mechanism
to
convert
HNT
into
a
usable
unit
for
IoT
data
usage,
creating
a
bridge
between
on-chain
economics
and
off-chain
network
activity.
HNT
also
serves
governance
and
participation
roles
within
the
ecosystem,
with
holders
able
to
influence
certain
development
decisions
and
network
parameters
through
staking
and
voting
mechanisms.
driven
by
network
growth,
hotspot
deployment,
and
overall
demand
for
decentralized
IoT
infrastructure.