A peer-to-peer wireless hot spot crypto is on the move after Coinbase added the Solana (SOL)-based altcoin to the exchange’s listing roadmap.
In a new announcement, Coinbase Assets unveiled Helium (HNT) as the newest addition to the exchange’s listing roadmap.
“Asset added to the roadmap today: Helium (HNT).”
Helium is a network for the Internet of Things (IoT) that operates in a decentralized manner. It enables IOT devices connected to the network to communicate and share data by supporting smart contracts and enterprise applications. The network rewards participants, including wireless hotspots that provide and validate coverage, through the use of the HNT token.
Helium hotspots are essentially small, low-power devices that anyone can buy and set up in their homes or businesses. When a hotspot is set up, it begins to create a wireless network that other IoT devices can connect to. In return for providing this coverage, the hotspot is rewarded with HNT tokens.
The Helium Network aims to offer more efficient and cost-effective wireless coverage for IoT devices compared to traditional cellular or Wi-Fi networks.
Coinbase’s listing roadmap outlines crypto assets being evaluated for potential inclusion on its platform. The roadmap is frequently updated to reflect new and reviewed assets.
Helium has risen in response to the listing announcement – HNT is worth $1.35 at time of writing, up 12% in the last 24 hours.
Helium migrated to Solana in April of this year.
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