Helium is a decentralized blockchain-powered network for the Internet of Things (IoT) devices. It was launched in 2019 to create a wireless infrastructure for IoT communication that anyone can build and use. The network facilitates connecting devices like sensors and trackers to the internet without cellular or Wi-Fi connectivity. Currently, Helium’s price in CAD is around $7.13.
Helium operates on a decentralized model where individuals can operate nodes, called Hotspots. These hotspots provide network coverage for IoT devices. In return, operators of these nodes are rewarded with Helium's native cryptocurrency, HNT.
HNT is Helium's native cryptocurrency. It is used as an incentive and reward system within the network. It is earned by Hotspot owners for network coverage and transferring device data. The value of HNT is driven by network growth and usage.
For Canadians who are interested in buying HNT, Maple Investments is a good choice. It is a crypto-centric platform that offers services including live HNT prices in CAD, Crypto Credit Cards, and Digital Retirement Plans.
