What is Helium?

Helium is a decentralized network utilizing a physical blockchain, primarily supported by gateway operators who also act as miners. These operators earn tokens based on the wireless coverage they provide and transaction fees generated from devices connecting to their gateways.

Helium generates its cryptocurrency through a mining process, where tokens are distributed to hotspot owners, Helium Inc., and investors. The token supply increases by approximately 5,000,000 Helium each month, with no pre-mine conducted prior to distribution. Tokens are allocated to participants following each mining period, occurring roughly every 30 to 60 minutes.