Helium’s IOT Token Surges 370%
Following the protocol’s successful migration to the Solana blockchain last week, Helium’s newly-issued IOT token has increased by over 370% in the last 24 hours.
IOT is the protocol token of Helium’s internet-of-things network, and it is mined from Helium’s hotspots, which are the hardware infrastructure that powers the IOT network.
The tokens will always be backed by Helium Network’s HNT token and can be converted to HNT at any time, with the redemption rate determined algorithmically by the treasury swap contract.
According to Solana’s block explorer, there are approximately six billion tokens in circulation, with a maximum token supply of 200 billion.
Kamino Finance, a Solana-based DeFi protocol, announced the opening of two Helium vaults where investors can stake their IOT and HNT tokens for a yield.
You need to login in order to Like
