What is Proof of Coverage?

Proof of Coverage is Helium's consensus mechanism where hotspots challenge each other to prove they are actually providing wireless coverage in a specific location, earning HNT rewards for verified coverage.

Can I swap HNT without KYC?

Yes. SyntheticSwap supports HNT swaps with no registration or identity verification.

Why did Helium move to Solana?

Helium migrated to Solana in 2023 to leverage Solana's existing infrastructure, DeFi ecosystem, and developer tooling, rather than maintaining a separate blockchain.

Deploy a Helium LoRaWAN hotspot (IoT coverage) or a 5G small cell (Mobile coverage) in your location. Hotspots earn IOT or MOBILE tokens for proving coverage, which can be exchanged for HNT.

Helium 5G is the cellular coverage network where individuals deploy CBRS small cells to provide 5G internet access, earning MOBILE token rewards for verified network coverage.

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Helium

Decentralized Wireless Network for IoT and 5G

Launch Year

2019

Consensus

Proof of History / Proof of Stake

Max Supply

223,000,000 HNT

Block Time

~0.4 seconds

HNT

Helium

Price—

24h Change—

Market Cap—

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About Helium

Helium (HNT) is a decentralized wireless network where individuals deploy LoRaWAN hotspots to provide IoT device connectivity in exchange for HNT token rewards — a model called Proof of Coverage. Helium created the first large-scale decentralized IoT network, reaching over 1 million hotspots globally. In 2023, the network migrated from its own blockchain to Solana for improved scalability. The network has expanded from IoT (LoRa) to cellular (5G) coverage with MOBILE tokens. HNT is the primary reward and governance token, while IOT (for LoRa) and MOBILE (for 5G) are sub-tokens earned by hotspot operators.

History

2013

Helium Inc. founded by Amir Haleem, Shawn Fanning, and Sean Carey to build IoT networks.

2019

Helium mainnet launches with the first Proof of Coverage hotspot rewards for IoT coverage.

2021

Helium network grows explosively, reaching 100,000+ hotspots worldwide.

2022

Helium 5G (MOBILE) network launches; FreedomFi and Bobcat become 5G hotspot vendors.

2023

Helium migrates from its own blockchain to Solana; HNT, MOBILE, and IOT tokens become Solana SPL tokens.

2024

Helium Network expands with carrier offload partnerships and grows 5G coverage in major US cities.

How to Swap HNT

Swapping Helium (HNT) on SyntheticSwap requires no account or KYC verification. HNT is a Solana-native token, supported by Phantom, Solflare, Backpack, and any Solana-compatible wallet. Open SyntheticSwap, select HNT as your source or destination, enter your receiving wallet address, and confirm the displayed floating rate. Send HNT from your Solana wallet to the provided deposit address — Solana's fast block times mean your swap typically settles in seconds. The destination asset goes directly to your chosen wallet.

How to Store HNT

HNT (on Solana) is stored in Phantom, Solflare, or any Solana-compatible wallet. The official Helium Wallet App (iOS/Android) supports HNT, MOBILE, and IOT tokens for hotspot operators. Ledger hardware wallets support HNT via the Solana app.

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