HeliumTracker.io

$HNT will replace $IOT and $MOBILE in 2025

The Helium Network is set to implement significant changes following the community's approval of HIP 138, aiming to streamline operations and enhance the utility of HNT tokens.

Key Changes:

Unified Rewards: Starting January 2025, the network will cease emissions of MOBILE and IOT tokens, transitioning to HNT as the sole reward for all network activities. This move is designed to simplify the user experience and increase HNT's utility.
Implications for Stakeholders:

Hotspot Owners:

IoT Hotspots: Will transition from earning IOT to HNT rewards.
Mobile Hotspots: Will switch from earning MOBILE to HNT rewards.
Helium Mobile Subscribers:

Rewards: Discovery Mapping and referral program incentives will be issued in HNT instead of MOBILE.
Bill Payments: HNT will become the default cryptocurrency for bill payments, though MOBILE payments will still be accepted.
Token Holders:

HNT Holders: No immediate changes; future governance proposals may streamline participation without the need to swap tokens.
MOBILE and IOT Holders: While new emissions will end, existing tokens can be exchanged for HNT via the Helium Wallet or decentralized applications like Jupiter.

Frequently Asked Questions:

Governance: Current governance and staking mechanisms remain unchanged, with potential future iterations under community discussion.

Unclaimed Tokens: Tokens earned before January 2025 will remain claimable as IOT and MOBILE; holders can choose to convert them to HNT at their discretion.

Swap Rates: Final swap rates will be determined after emissions cease. Token holders can exchange their tokens for HNT at any time using available platforms.

Optimal Swap Timing: There's no guaranteed favorable swap rate; holders should monitor market conditions and swap based on individual preferences.

Token Utilization: Both IOT and MOBILE tokens can be converted to HNT using the swap feature in the Helium App or other decentralized applications.

Implementation Timeline:

December 6, 2024: Initial emissions to the MOBILE treasury commenced.
January 2025: Full transition to HNT rewards; MOBILE and IOT emissions cease. An estimated redemption rate for MOBILE and IOT will be available.
August 1, 2025: Additional HNT emissions to the Mobile Treasury conclude, finalizing the redemption rate for MOBILE holders.
These changes, driven by community consensus, aim to reduce complexity and bolster the utility of HNT within the Helium ecosystem. For detailed information, refer to the official proposal on GitHub.