With giant silicon valley investors, mainstream media attention, and actual day-to-day functionality, the Helium Network is one of the only blockchain companies that continues to deliver on the promise of its future-minded technology.
Talk about blockchain, cryptocurrency, or NFTs at your next backyard BBQ and you’re sure to make at least a few people agitated. Of course, you’ll probably find several attendees eager to discuss their latest successful trades or guffaws in the crypto-world. Sill, regardless of who you choose to converse with, most people will struggle to find real-world applications of blockchain technology in their day-to-day life. The Helium Network is poised to change that paradigm.
It makes sense that a large portion of the population is increasingly skeptical about the applications of blockchain technology. We’ve been sold on a blockchain-centric future for over a decade now with the bulk of attention being paid to Bitcoin investments, altcoin memes, and the latest NFT craze. There’s no denying the potential impact that blockchain tech will eventually have on our future, but for now, we’re seemingly stuck in a world where the bulk of crypto-based applications just aren’t living up to the hype. And that’s exactly why Helium is starting to shine like a diamond in the rough.
“The People’s Network” (aka The Helium Network) is one of the first use-cases for decentralized technology that has widespread international adoption and utilization outside of currency trading or project funding. For those of you that are unfamiliar, the Helium Network is considered a decentralized LPWAN (low-powered wide-area network). While most wireless communications networks are formed by legacy telecommunication giants and rely on centralized servers, the Helium Network consists of hundreds of thousands of individual hotspot devices that communicate to each other and transfer IoT sensor data. Basically, it’s a decentralized version of Verizon’s or AT&T’s cellular networks, where each node is owned or operated by an individual rather than a tech conglomerate.
The Helium Network is essentially designed to create efficiencies for IoT devices. Without going into too much detail here, you can think of it as a more cost-effective and efficient way of connecting IoT sensors to the internet and storing their data on a blockchain. Before Helium, companies like Lime would have to pay for a monthly data plan for each of their electronic scooters. With Helium, Lime can keep each scooter connected to the internet and only pay for data when the device is activated. It’s sort of akin to the concept of prepaid cellphone minutes vs a standard recurring service fee. Although, that’s just one of many ways the Helium Network is transforming wireless communication.
As most of us know, the main reason the Helium Network has been able to expand so rapidly is through crypto-incentivization. As we mentioned above, this network functions like any other wireless communications system, except that instead of centralized cell towers, Helium has over 500,000 individual hotspots sending radio waves back and forth. Each of these hotspots is rewarded with HNT (the native Helium cryptocurrency) whenever they are activated by the network. If you’re currently reading this, then that HNT reward is most likely the primary part of this whole system that you really care about.
While big-name investors continue pouring money into a wide variety of cryptocurrencies and blockchain-based projects, the Helium Network is one of a few companies that is actually delivering on the promises of decentralized technology. At this point, we could talk about the $111 million investment that Helium received from Silicon Valley VC funds which include Andreessen Horowitz, but what’s more interesting are the headline-making partnerships that they’ve established with actual customers.
The Helium Network is currently creating real-world IoT solutions for Lime scooters and Salesforce, while also working on launching their 5G network capabilities with DISH. Elon Musk may be shitposting about Dogecoin every now and then, but these extremely profitable companies are making big decisions to rely on Helium to create efficiencies for their communications systems. These are the types of partnerships that provide fundamental value to a company. And Helium’s steady growth trajectory is showing no signs of slipping anytime in the near future.
In the ever-expanding world of crypto, Helium has managed to grow rapidly while remaining somewhat “under the radar”. That’s primarily because HNT (the Helium Token) is not designed to be a get-rich-quick scheme or a purely fundraising device. It’s unlikely that HNT will grow in value exponentially like other mainstream cryptocurrencies. Instead, HNT is on a path for gradual, stable, and realistic growth that sidesteps the typical “pump-and-dump” trends of other cryptos.
That being said, HNT and the Helium Network are well-known by most in the cryptocurrency world. And, in the last year or so, Helium has finally started to establish a foothold in the mainstream media. Up until recently, most of the news surrounding the Helium Network has been centered on investors and the potential value of HNT. As of a week ago, the New York Times decided to write a technology piece on the Helium Network with the headline, “Maybe There’s a Use for Crypto After All.”
That headline says it all. The mainstream media and those outside of the world of crypto have continued to remain skeptical about the real-world applications of blockchain since its inception. Most mainstream headlines associated with a blockchain project have been focused on celebrities, big-name investors, scams, or huge wins/losses in the investment world. This NYT article demonstrates how mainstream America is finally seeing the Helium Network as a fundamentally legitimate and practical application of decentralization and blockchain technology.
Again, joining the Helium Network and/or investing in HNT is probably not the best way to get rich quickly. However, it’s also one of the more stable cryptocurrency investments out there. HNT’s value is inextricably tied to the utilization of the network. And, the Helium Network continues to expand by roughly 80,000 hotspots per month while also managing and onboarding a growing number of industry-leading clients. As long as the network remains active and utilized, each individual host will almost certainly make a significant amount of HNT by installing a Helium hotspot in their home or building.
Let’s cut to the chase. If you’re reading this, you’re most likely interested in making money by hosting a Helium hotspot in your home or building. The point of this article is not to convince you that you could earn millions of dollars by joining the Helium Network. Instead, we’re hoping to show you that Helium is a steadily growing blockchain-based company with real fundamentals. That means that there are actual headline-making companies that are spending millions on implementing and utilizing the Helium Network as we speak.
The current LPWAN version of Helium consists of over 500,000 individual active hotspots that are earning HNT and successfully connecting IoT devices around the globe as we speak. With new partners like DISH, Helium is entering the 5G network game and we expect to see it create some relatively massive disruptions to the old standards of telecommunications systems.
As you can probably tell by now, the Helium Network isn’t like most cryptocurrency projects. It’s a viable and active wireless communications network with a revolutionarily decentralized infrastructure that pays HNT to all hotspot participants. Will you get rich by hosting a Helium hotspot? Probably not. Is it worth it to register with JAG and receive a free hotspot to start earning HNT today? Definitely yes!
While we can’t guarantee any specific amount of HNT that you could earn, we can say for certain that there’s essentially no risk involved. Even after adding up all of the electricity costs, WiFi data usage, and shipping fees associated with installing a Helium Hotspot, the average JAG host earns enough HNT to see at least a 2-3x return on their investment (ROI) within the first 2 months. Once the cost of shipping has been accounted for, the average ROI is solely based on your household utilities, which are about the same as a 5W light bulb for electricity and a smart speaker for internet data usage.
You can shop below to receive a FREE Helium Hotspot via the JAG network. If you’re interested in increasing your HNT rewards, we highly recommend upgrading your kit with our industry-leading antennas, cables, outdoor enclosures, and other accessories.