just a reminder that millions of daily users from major carriers like AT&T and Telefonica use the @helium network every single day
$HNT is burned for every gigabyte they consume, at a rate of $330k+ per week right now
🔥🔥🔥
Still remain a big $HNT fan despite the market turbulence. The funny thing is that nothing about the original thesis (post mobile pivot) has been invalidated - in fact it has actually been well validated with ~3M DAUs across the offload network.
The market is pricing this as a dead project when the reality is that the fundamentals are very very much alive - and outside of stablecoins / payments @helium is truly one of the only crypto projects that has found real PMF
6 years ago I was an early builder of the IoT network (within first 5k hotspots out of 1M+), and the idea of deflationary economics was somewhat of a pipe dream at that point. But that is now happening, more HNT is burned than created right now from real usage from real companies.
I can't predict how the market will price the token, but I do know that as long as the underlying metrics (users, data transfer, network revenue) continue moving up and to the right, the business does get stronger and more valuable.
reminder, the @helium network lives separate from Helium Mobile the carrier
the Nova Labs team is fully focused on $HNT and @helium going forward, and still at home on @solana
Breaking into telco is hard. Getting people to switch phone plans is harder. @helium_mobile was built on the belief that affordable connectivity is possible, and we're incredibly grateful for all of the subscribers who proved we weren't alone.
Which led us to today's news. Excited to share Helium Mobile has been acquired by @AndrewYang's @joinnoblemobile. Same mission, better together. This is just the start of the telco shakeup.
https://t.co/K1U9hdM6jE
New: @AndrewYang's Noble Mobile has acquired Solana based @helium_mobile , with Noble committing to use the Helium Network for subscriber coverage.
Helium says users will keep their numbers, coverage, app and SIMs, while solana:mb1eu7TzEc71KxDpsmsKoucSSuuoGLv1drys1oP2jh6 and solana:hntyVP6YFm1Hg25TN9WGLqM12b8TQmcknKrdu1oxWux token support will remain in the Helium Mobile app.
NEW: Andrew Yang's Noble Mobile has acquired crypto-powered wireless carrier Helium Mobile, combining Noble's mobile service business with Helium's blockchain-based wireless network.
@xIamTheReaper@CoinDesk While there's room to grow by orders of magnitude, this is already the case. @ATT & @TMobile already use the @helium Mobile network to fill in (indoor) coverage gaps or offload in times of congestion of legacy infra.
Majority of usage shown⬇️is caused by their subscibers, afaik.
$HNT is heating up 🔥
Andrew Yang’s Noble just acquired Helium Mobile and Bithumb opened Korean Won trading — major catalysts expanding the Decentralized Wireless network.
•Noble deal broadens Helium’s wireless reach
•Bithumb listing unlocks South Korean capital
Community remains strong: +311 new holders in the last day → total now over 536,000, with top 10 controlling just 0.26% of supply.
https://t.co/lOtm9y9xKK
https://t.co/cIH2tpPnXE
#Helium #HNT #DePIN @helium 🎈@helium_mobile 🛜📲
MASSIVE NEWS from Helium Mobile today
We at The Relay believe this is an overall positive move for Helium
Phone subscribers still get access to an affordable plan while the team and focus more of it's efforts on growing the network and supporting solana:hntyVP6YFm1Hg25TN9WGLqM12b8TQmcknKrdu1oxWux
Great stuff gang!
$hnt
NETWORK EXPANSION ✅✅✅
"As part of the deal, Noble Mobile will also use the Helium Network, expanding coverage for all of its subscribers across the US."
INCREASED DATA BURN🔥
Higher network data traffic means more HNT is burned
When we founded Noble our vision was to help millions of Americans improve their relationship with their phone… reclaiming their time, attention, and wallet! Today we acquired Helium Mobile — which is a huge step in offering more affordable data to more Americans. Check out our message from our CEO @AndrewYang here: https://t.co/QeBC25HO3E
TLDR: This is great news, and if you’re a Noble member, your plan is staying just as awesome as it is now.
Great news from Korea! $HNT gets a new spot listing. $HNT near all time lows, gets three major waves of buying on the news, all get rejected immediately with selling. Honest question, how on earth is this token being sold so aggressively? Feels so odd to watch.
Exclusive: Andrew Yang's cellular business Noble Mobile has acquired Helium Mobile. The 2020 presidential candidate said he plans to keep Helium's existing prices and service the same. Nova Labs will focus its business on carrier data offloading.
Details: https://t.co/eq3HCnST67
🚨 Big news: Helium Mobile has been acquired by @andrewyang's @joinnoblemobile
Noble Mobile shares our core belief that connectivity should be affordable and accessible for every American. By joining forces, we can deliver on that promise for more people than either of us could alone, with an unrelenting commitment to putting money back in your pocket.
As part of the deal, Noble Mobile will also use the Helium Network, expanding coverage for all of its subscribers across the US.
Current Helium Mobile subscribers: your phone number and service aren't going anywhere. We've built this transition to be seamless, with the same nationwide 5G and Helium Network coverage you experience today.
Full details: https://t.co/u0HybgMOH6
when we first launched Helium Mobile, there wasn’t a single offload user on the @helium network. it was a great way to grow the network and prove out our thesis that WiFi offload for carriers was genuinely useful, and valuable
now the network serves millions of people daily from multiple carriers. I’m excited to see the focus back on $HNT, network growth and international expansion going forward
congrats to @AndrewYang and the entire @joinnoblemobile team today!