- Helium efficiently migrated to Solana Community final week.
- Greater than six billion IOT tokens have been minted since Helium migrated to Solana.
- IOT Token surged by 370 earlier at present to hit a every day excessive of $0.003927.
Helium IOT (IOT) token shocked a majority of crypto traders at present after surging by greater than 370%. Regardless of a slight retracement, the token was nonetheless inexperienced buying and selling at $0.00206, up 33.59% at press time.
At this time’s IOT token worth surge is attributed to final week’s profitable Helium migration to Solana Community which has resulted in additional than six billion IOT to be minted.
Protocol token of Helium’s internet-of-things community
Most are conversant with Helium’s native token, HNT, which has additionally been performing fairly effectively over the previous few days after the migration.
Helium has one other token, the Helium IOT, which is the protocol token of Helium’s internet-of-things community. The Helium IOT is mined from Helium’s hotspots, which is the {hardware} infrastructure behind the IOT community.
Helium IOT is backed by the HNT token and may all the time be transformed to HNT, with the redemption price being algorithmically set by its treasury swap sensible contract.
Based on knowledge from Solana’s block explorer, there are about six billion IOT tokens in circulation provide out of the utmost provide of 200 billion tokens.
The IOT token additionally acquired one other increase after Solana-based decentralized-finance (DeFi) protocol Kamino Finance mentioned it had opened two Helium vaults to permit traders to stake their IOT and HNT tokens for a yield.
- Helium efficiently migrated to Solana Community final week.
- Greater than six billion IOT tokens have been minted since Helium migrated to Solana.
- IOT Token surged by 370 earlier at present to hit a every day excessive of $0.003927.
Helium IOT (IOT) token shocked a majority of crypto traders at present after surging by greater than 370%. Regardless of a slight retracement, the token was nonetheless inexperienced buying and selling at $0.00206, up 33.59% at press time.
At this time’s IOT token worth surge is attributed to final week’s profitable Helium migration to Solana Community which has resulted in additional than six billion IOT to be minted.
Protocol token of Helium’s internet-of-things community
Most are conversant with Helium’s native token, HNT, which has additionally been performing fairly effectively over the previous few days after the migration.
Helium has one other token, the Helium IOT, which is the protocol token of Helium’s internet-of-things community. The Helium IOT is mined from Helium’s hotspots, which is the {hardware} infrastructure behind the IOT community.
Helium IOT is backed by the HNT token and may all the time be transformed to HNT, with the redemption price being algorithmically set by its treasury swap sensible contract.
Based on knowledge from Solana’s block explorer, there are about six billion IOT tokens in circulation provide out of the utmost provide of 200 billion tokens.
The IOT token additionally acquired one other increase after Solana-based decentralized-finance (DeFi) protocol Kamino Finance mentioned it had opened two Helium vaults to permit traders to stake their IOT and HNT tokens for a yield.
