Crypto has now covered her mobile phone plan for $ 5 per month

Crypto has now covered her mobile phone plan for $ 5 per month

The decentralized mobile phone provider Helium has concluded a contract to network its burgeoning 5G network with the mobile phone coverage of T-Mobile.

The partnership is said to produce what the companies called Helium Mobile, a subscription service from only $ 5 per month, which operates the decentralized network of Helium in addition to the more established 5G network from T-Mobile.

The idea is to reward customers with Solana-native mobile tokens in return that they share their data about the cover quality of Helium. The initiative should start in the first quarter of 2023.

Helium was renamed as a crypto company in 2019 and brought up a $ 111 million venture round under the direction of Andreessen Horowitz.

The start of the cryptocurrency works by relating to the user Use of crypto mining devices as nodes-process the transactions effectively without a third party Hnt token are. The company hopes to develop a place in the top-class telecommunications industry through partnerships with established companies such as T-Mobile.

The decentralization of the Internet coverage has proven to be difficult for Helium. After the price of helium after a partnership with Dish Network in 2021, the Hnt-token from Helium has decreased steadily all year round, November high of $ 52.71.

as Hnt crashed, it became difficult to reduce the token profitably, which raised the eyebrows when it came to Helium's final result. Helium was also confronted with counter-reactions Mashables July report performed, although at best he maintained weak relationships with both technology companies.

The sudden vote of the network, migrating from its own layer 1 to the Solana blockchain, contributed little to alleviate the concerns of the investors.

The remedy, in Helium's eyes? Monetarization of mobile phone data that telecommunications giants have in abundance, but still have to try to achieve income through blockchain technology.

Helium initially used his hotspots for small packages for covering the Internet (IoT)-but did it do it On a 5G network that focuses on hotspots with "small cells", filling gaps in the widespread coverage such as that of T-Mobile.

"99 % of the data comes from streaming protocols such as mobile communications, 5G LTE and Wi-Fi. And very, very, very, very, actually comes from the IoT," Boris Renski, General Manager from Helium Mobile, told Blockworks.

renski added: "[Helium’s token] The value is bound to the data volume in the network, i.e. by introducing Helium 5G, a protocol that has a higher data volume in the network [Than IoT] we expect this to benefit the entire helium ecosystem."

Amir Haleems Teaser for the T-Mobile partnership has Hnt by more than 10 %. And there is also a result for mobile phone providers: Helium says that his network is not designed to compete with their established cover areas and pricing.

"We don't say: 'Hey, we start Helium Mobile. Goodbye, Verizon. Goodbye, at & t'," said Renski. "This hybrid network, in which a macron network and a personal network work together, can offer end users a superior economy and a good experience."

The biggest challenge in founding a telecommunications company - and one also focused on crypto - is to build a wide network while the income is still low. The Helium network currently has Less than 5,000 5G hotspots.

A spokesman for T-Mobile rejected a statement.