Helium Wireless Network Approves New Hard Cap for HNT Token Emissions
Under a newly passed improvement proposal, Helium miners will stop adding to the circulating supply of HNT tokens at 223 million, a figure they will reach sometime in 2070 once bi-annual “halvenings,” also new to the network, have reduced new HNT monthly issuance to a negligible amount. They spend and burn their HNT supplies to share data across Helium’s low-power alternative to WiFi and cellular networks.
Project contributor James Fayal told CoinDesk the network previously issued 5 million tokens monthly using an equilibrium model meant to keep inflation in check. “The Helium Network is growing like a weed largely, in part, due to the new RAK miners, which slashed the cost to entry by 50% and made mining HNT a more attractive enterprise,” said Multicoin investor and Decentralized Wireless Alliance President Tushar Jain.
