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Overview
Helium Mobile is a decentralized wireless carrier built on blockchain technology. Instead of relying only on traditional cell towers, it uses the Helium Network, where individuals can run Wi-Fi hotspots and earn crypto (HNT tokens) for providing coverage.
Helium Mobile is going after the U.S. wireless market, which is worth over $300 billion annually. About 97% of Americans already own a cellphone, so the opportunity is in offering lower-cost plans and expanding coverage with community-powered infrastructure. They are also targeting the global telecom market, which is over $1.7 trillion, with mobile data demand growing rapidly. Their niche is disrupting how networks are built and paid for, shifting value from carriers to users and hotspot operators.
Rewards Explanation
Helium Mobile’s reward system hinges on Proof-of-Coverage (PoC): each hotspots rewards are allocated based on how many “hexes” it meaningfully covers, signal strength, uptime, and whether its coverage overlaps with others.
In addition, Helium offers a Carrier Offload program: participating mobile carriers can route data from their subscribers through eligible hotspots, and those hotspots are paid, roughly $0.50 USD per gigabyte of offloaded traffic, so hotspot operators can earn extra revenue when carriers make use of their coverage.