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Fundamentals of the HNT Token

  • Jul 13, 2022
  • 1 min read

Updated: Aug 11, 2022





HNT is the native cryptocurrency token of the Helium Network and has multiple different utilities:


  1. As HNT has a monetary value, it provides an incentive for mining and building network coverage via setting up Hotspots.

  2. HNT can be used to further validate the Helium network via staking.

  3. HNT is used to influence voting power and governance for a Helium Improvement Proposal (HIP).

  4. HNT is used in a burn and mint equilibrium model through the requirement to spend data credits.

  5. HNT can be traded to gain capital just like any other cryptocurrency.

 
 
 

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