What is the issue volume of HNT coins? One article to introduce the application scenarios of HNT coins

HNT coins serve as the fuel for the Helium network, powering wireless coverage, data transfer, and various IoT use cases such as device tracking, environmental monitoring, and secure LoRaWAN connectivity.

Oct 24, 2024 at 10:02 am

What is HNT Coin Issue Volume? Discovering the Use Cases of HNT in IoT

Issue Volume of HNT Coins

1. Current Supply: 121,261,118 HNT (as of September 12, 2023)
2. Max Supply: 218,343,668 HNT

3. Emission Schedule:

   • 2,666,667 HNT per year (post-halving)
   • 5,333,334 HNT per year (pre-halving)
   • Next halving: March 2, 2024

HNT Coin Use Cases

HNT coins are the backbone of the Helium network, a decentralized wireless network that provides connectivity for IoT devices. Here are its primary use cases:

1. Network Coverage: HNT is used to reward Helium miners for providing wireless coverage, incentivizing them to expand the network's reach and connectivity.
2. Device Data Transfer: Users pay HNT to transmit data through the Helium network, connecting their IoT devices to the internet at a low cost.
3. Hotspot Management: HNT powers the Helium Hotspot Management System, allowing users to own and operate Helium hotspots and customize network parameters.
4. Incentivize Deployment: HNT rewards businesses, enterprises, and individuals for deploying Helium hotspots, encouraging widespread network growth.
5. LoRaWAN Connectivity: HNT enables seamless connectivity for LoRaWAN-based IoT devices, connecting industrial sensors, smart cities, and home automation systems wirelessly.
6. Secure Data Transmission: The Helium network uses advanced encryption techniques to ensure secure data transmission, assuring data privacy and confidentiality for IoT users.
7. Real-Time Tracking: HNT facilitates real-time tracking of assets, vehicles, and other objects through GPS-enabled IoT devices, providing valuable location insights and security.
8. Environmental Monitoring: Helium hotspots can be deployed as environmental sensors to collect data on air quality, weather conditions, and noise levels, making real-time environmental monitoring possible.

Conclusion

HNT coins are integral to the Helium network, powering network expansion, device connectivity, and a wide range of IoT applications. Its decentralized nature and low-cost connectivity make it a valuable asset for the growing IoT ecosystem.