About Helium

Helium is a decentralized network designed to facilitate machine communication through a physical blockchain infrastructure. The network is established by gateways, which serve a dual role as both network miners and coverage providers. These gateway operators are incentivized to earn tokens based on the extent of wireless coverage they deliver and the transaction fees generated from devices that connect through their gateways. This structure encourages a robust and expansive network that supports various IoT applications. The Helium cryptocurrency is mined and allocated to Hotspot Owners, Helium Inc., and investors, with no pre-mining phase involved. Each month, approximately 5,000,000 new Helium tokens are minted, ensuring a steady supply to support network growth. The distribution of tokens occurs at the end of each mining cycle, which takes place roughly every 30 to 60 minutes, according to a predefined allocation model. This systematic approach to token distribution fosters a sustainable ecosystem for both operators and users within the Helium network.