Hotspots offer wireless coverage and validators process transactions. Hotspots & validators receive inflationary rewards.

Helium is a distributed ledger for value transfer & wireless coverage (a blockchain). Helium was founded by Shawn Fanning, Amir Haleem & Sean Carey and launched in 2019.

HNT holders own and govern the protocol. They currently take all of the total data transfer and transaction fees paid by users (revenue). Helium’s investors include a16z, Multicoin Capital, Alameda Research, etc.

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Helium - Financial statement