Helium Mobile Token: Definition, Rewards, How to Buy

The Helium Mobile Token (MOBILE) is a cryptocurrency designed to power the Helium Network, which aims to create a decentralized wireless infrastructure. The Helium Network is also known as "The People's Network," allows anyone to own and operate a wireless network for IoT (Internet of Things) devices. 

With HIP 53, Helium created two new tokens: IoT (Internet of Things) and MOBILE (Helium Mobile Token). IOT took the place of HNT, being provided as rewards for IoT hotspots, while MOBILE is a brand new token powering the new Helium Mobile network.

Using Helium's blockchain technology, users can earn MOBILE by providing coverage and transferring data for IoT devices.

In this article, we'll explain how to buy Helium Mobile Token and cash out your earnings. Whether you're new to cryptocurrency or just curious about Helium, we'll guide you through the process step-by-step.

Helium Mobile Token

Helium Mobile Token (MOBILE) is the core of the Helium Mobile ecosystem. With a total supply of 200 billion tokens, MOBILE can be used for various purposes within the network. Here’s how you can use MOBILE:

• Pay for your Helium Mobile phone plan: Forget about traditional bills and top-ups. With MOBILE, you can make payments in one simple, clear system.
• Earn rewards: You earn MOBILE tokens when you provide coverage as a hotspot provider. You can also earn by taking part in the network's decision-making process.
• Contribute to the network: By staking your MOBILE tokens, you help secure the network and earn more rewards.

Note: MOBILE tokens are given to users who help grow and maintain the network. One way to earn these tokens is by sharing data on network coverage, though this is optional. You can choose whether or not to participate.

How to Buy Helium Mobile Tokens

Follow these simple steps to buy Helium Mobile tokens:

Step 1: Find a Reliable Exchange

Look for a trustworthy exchange where MOBILE is listed. Some popular options are:

• Coinbase Exchange
• Gate.io
• MEXC
• CoinEx
• KuCoin
• Backpack Exchange

You can also keep an eye on the price of MOBILE on these exchanges.

Step 2: Set Up a Wallet

Make sure you have a crypto wallet that supports Helium Mobile. Good choices include the Helium Wallet App for mobile devices or Phantom Wallet for both desktop and mobile.

Step 3: Buy a Base Currency

Purchase a base currency like Solana (SOL) on an exchange such as Binance. You'll use this currency to trade for MOBILE.

Step 4: Transfer SOL to Your Wallet

Send the SOL from the exchange to your crypto wallet.

Step 5: Choose a Decentralized Exchange (DEX)

Select a DEX that supports your wallet, such as Jupiter.

Step 6: Connect Your Wallet to the DEX

Use your wallet address to connect to the DEX.

Step 7: Trade SOL for MOBILE

Swap your SOL for MOBILE on the DEX. You can also swap MOBILE for stablecoins like USDT or USDC if you prefer a more stable option.

How to Cash Out the Helium Mobile Token

Cashing out your Helium Mobile Token (MOBILE) is quite similar to the process of buying it. Here are the steps you need to follow:

Choose Your Order Type

Decide whether to use a limit order or a market order to sell your MOBILE.

• Limit Order: You set the price at which you want to sell your tokens. This gives you control over the sale price but may take longer to execute.
• Market Order: Your tokens are sold immediately at the current market price. This is quicker but you have less control over the price.

Consider the Fees

Be aware that selling cryptocurrencies often involves fees. These can include transaction fees and exchange fees. Check the exchange fee structure you are using to understand the costs involved.

Withdraw Your Funds

After selling your MOBILE, you have two main options:

• Withdraw Fiat: If you sold your MOBILE for a fiat currency (like USD), you can transfer the funds from the exchange to your bank account.
• Withdraw Crypto: If you sold your MOBILE for another cryptocurrency (like Bitcoin or USDT), you can transfer these funds to an external crypto wallet for added security.

You can also move your cryptocurrency between different exchanges. This can be useful if you're looking for better features, lower fees, or more trading options.

Helium Mobile Token: Buying vs. Mining

Buying Helium Mobile Token

Buying MOBILE tokens is a straightforward way to acquire them. You can purchase tokens directly from a reliable exchange like Coinbase, Gate.io, or KuCoin. 

However, buying tokens requires a significant upfront investment. The price of MOBILE can be volatile, meaning the cost to acquire them may fluctuate. 

Once you’ve purchased the tokens, you own them outright, but there’s no mechanism for earning additional tokens unless you continue to invest more money.

Mining Helium Mobile Token

Mining, on the other hand, involves setting up a Helium hotspot device to provide network coverage. This process can be more profitable in the long run for several reasons:

1. Continuous Earnings: When you mine MOBILE tokens by providing network coverage, you earn tokens continuously. This ongoing earning potential can result in a higher return on investment than a one-time purchase.
2. Higher ROI: Historically, Helium has shown impressive profitability. In 2024, it delivered over 800% ROI to investors. By mining and actively participating in the network, you can take advantage of this potential for high returns.
3. Contribution to Network Growth: By mining, you’re actively supporting the expansion and reliability of the Helium Network. This contribution can enhance the network’s overall value, potentially increasing the value of the tokens you earn.
4. Increased Earnings with Coverage: The more coverage your hotspot provides, the more MOBILE tokens you can earn. Investing in a robust hotspot, like the $499 outdoor model, can result in greater earnings than a basic indoor hotspot.

Grab the Helium Mobile WiFi Hotspot for $249. Easy setup, start earning. Need something tougher? Get the Outdoor version for $499. Don't wait. Start earning Helium Mobile Tokens now!

Frequently Asked Questions (FAQ)

How to earn with Helium Mobile?

With Helium Mobile, you can earn MOBILE tokens by providing essential connectivity to nearby Helium Mobile subscribers. Here’s how you can do it using two options:

• Helium Mobile WiFi Hotspot (Price: $249.00 USD)
• Helium Mobile Outdoor WiFi Hotspot (Price: $499.00 USD)

How profitable is Helium Mobile?

Helium has proven to be highly profitable for investors. In 2024, it delivered over an 800% return on investment (ROI). With the growing interest and increasing number of participants in the Helium Network, it continues to be a promising investment opportunity.