Projects listed: 276 |
BTC Dominance: 51.34% | Volume (24h): $32,050,458,603 | Market Cap: $2,239,518,798,606
Helium
HNT
$7.70
Sector
IoT
Exchange Debut
2020-04-20
Market Cap
1,306,853,616
Maxim Supply
223,000,000
Circulating Supply
169,734,180
Circ. Supply(%)
76.11%
Helium
HNT
Price
$7.70
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
11481482
8.149705838747
7.644313485347
Change 24h
Change 7d
Change 30d
-3.4354
-8.5065
5.0375
Maxim supply
Circulating supply
Circulating supply(%)
223,000,000
169,734,180
76.11%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Helium-HNT cryptocurrency:
Helium (HNT) emerges as a unique player in the blockchain arena, specifically catering to the burgeoning Internet of Things (IoT) sector. Launched in July 2019, its mainnet enables low-powered devices to communicate and transmit data through a decentralized network of nodes, a blend of wireless gateways and blockchain miners. This fundamental analysis of the Helium-HNT cryptocurrency reveals a final score of 6.78 out of 10, reflecting varied performance across different evaluation criteria.
SOCIAL & MASS MEDIA: Score 7.2 out of 10
Helium’s social and media presence, scoring 7.2 out of 10, demonstrates a mixed bag. Its ability to attract followers and engage communities on social media is moderate, with a noticeable gap in community activity. However, its media presence and chat group communities are robust, indicating a strong potential outreach.
AUDIT & SECURITY: Score 3.75 out of 10
The fundamental analysis of the Helium-HNT cryptocurrency highlights its challenges in audit and security, scoring just 3.75 out of 10. The audit results are concerning, and while there’s some transparency and liquidity, these areas need significant improvement to bolster investor confidence.
TOKENOMICS: Score 8.15 out of 10
Helium’s token economy is one of its strengths, scoring 8.15 out of 10. The project’s approach to inflation and centralized control of its monetary mass is commendable, showing a well-thought-out economic strategy.
ECOSYSTEM DEVELOPMENT: Score 6.8 out of 10
Ecosystem development for Helium scores 6.8 out of 10. The project has been successful in achieving its objectives, though there’s room for improvement in introducing new developments, indicating a need for continued innovation.
TEAM & DEVELOPERS: Score 8.8 out of 10
Helium’s team, with a score of 8.8 out of 10, stands out for its experience and the number of software developers. This indicates a strong foundation capable of driving the project forward.
PRODUCT & UTILITY: Score 5.3 out of 10
In the realm of product and utility, Helium scores 5.3 out of 10. The utility of the product is recognized, but the utility of tokens within the ecosystem falls short, suggesting an area for potential growth and refinement.
PARTNERS & INVESTORS: Score 8 out of 10
Partners and investors have shown confidence in Helium, reflected in a score of 8 out of 10. This indicates solid backing and quality partnerships, essential for long-term success.
Fundamental analysis of the Helium-HNT cryptocurrency – The final conclusion
Considering the scores from the fundamental analysis of the Helium-HNT cryptocurrency, the project presents a blend of strengths and weaknesses. Its innovative approach to IoT connectivity, backed by a strong team and token economics, sets a solid foundation. However, areas like audit and security, and the utility of tokens within its ecosystem, require urgent attention. The risk analysis suggests cautious optimism for investors, with potential growth tempered by current vulnerabilities. Overall, Helium’s position in the crypto market is promising, but it must address its shortcomings to fully capitalize on its investment opportunities and technological potential.
What is Helium?
Helium (HNT) is a decentralized, blockchain-based network designed for Internet of Things (IoT) devices. It was launched in July 2019 with the aim of facilitating communication among low-powered wireless devices through its node network.
Founding and Development
Founded in 2013 by Amir Haleem, Shawn Fanning, and Sean Carey, Helium has a diverse background in its leadership. Haleem brought experience from eSports and game development, Fanning was notable for creating Napster, and Carey had a history in development roles, including at Where, later acquired by PayPal. The team’s expertise spans radio, hardware, manufacturing, distributed systems, peer-to-peer, and blockchain technologies.
Unique Aspects of Helium
Helium’s unique proposition lies in its focus on improving IoT device communication. It is known as “The People’s Network”, emphasizing its decentralized nature. It operates using Hotspots, which are dual-function devices acting as wireless gateways and miners. The network uses a consensus mechanism called proof-of-coverage, based on the HoneyBadger BFT protocol. This mechanism is tailored for variable connection qualities, securing the network and rewarding participants.
Network Security and Tokens
Security in the Helium network hinges on the proof-of-coverage protocol, a variant of the HoneyBadger BFT protocol, ensuring reliable node communication. The network faces potential security challenges, particularly for node operators via inbound ports of Hotspots. For transactions, Helium utilizes its native token, HNT, and a separate non-exchangeable token called Data Credits for transaction fees.
- Latest analysis update: December 23, 2023
Helium - HNT performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
