Where are the income? Helium investors ask questions about
Where are the income? Helium investors ask questions about
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In June,
- Helium only achieved $ 6,651 in income from his wireless network data
- The income is "not interpreted to be switched on at the moment. They first build the infrastructure," said a Risk capitalist from Helium
The decentralized mobile phone provider Helium has had a hard week.
The protocol was incorrectly presented to its company partnerships on its website and sold data worth almost $ 6,651 in June. Amir Haleem, CEO of Helium, tried to reject the accusations in a blog post on Wednesday afternoon.
The explanation made changes to the popular story, but did not seem to change the consensus. A lead investor from Helium said Blockworks that critics should not expect immediate income from the web3 startup.
The investor was granted anonymity to discuss private business matters. A spokesman for the company refused to comment beyond the blog post.
Helium enables users to do nodes in a wireless network in exchange for a corresponding reward of the company's native HNT token. Users burn HNT token in exchange for internet data and thus increase sales. The network hopes to bring lower prices and community property to telecommunications.
The parent company of Helium, Nova Labs, collected $ 200 million in a venture financing round in March to achieve $ 1.2 billion. A representative of Nova Labs refused to comment on whether investors follow a vesting time plan with their HNT token.
Haleem claims that Helium had "received permits" to talk about his pilot program work with the two companies. The blog post contains an undated explanation of Salesforce about his partnership with helium, but does not contain any mention of Lime.
Haleem reacted to the disappointment of the income in June with reference to the total income of the company of $ 54 million and the growing number of associated devices in his network.
The answer does not go directly to the initial concern, reports that the majority of the income of helium comes from onboarding-hotspots-while the income from the purchase of data credit is carried out by Customers remain limited.
If the demand for the data packages from Helium is limited, individuals lose the incentive to operate network nodes, since the limited demand presses income on the kneecaps. The HNT token Prize fell from a maximum of $ 54 to $ 9 in November 2021.
Frank Mong Chief Operating Officer from Nova Labs, Blockworks said that "We will later have some of our new sales-generating products and initiatives.
Mong added that Helium had received a partnership with DISH, but refused to comment on which other telecommunications partnerships could be in the works.
venture capital investors are unimpressed
Josh Rosenthal A partner of the risk capital fund narwhal invested by Helium, said, pointedness about the income of helium.
When small investors mix in a crypto startup early, "admittedly people flap and say: 'Oh, where are the income?' It is not designed to be switched on now. They first build the infrastructure," said Rosenthal. "The income shouldn't be there at all. This is just a remains of experimentation."
As an emerging telecommunications network, Helium must have a huge number of nodes on board before it can reliably generate income.
"The best analogue that should consider retail or even crypto readers is Amazon. They saw that when it was public it was thrown into the trash because it was not profitable for a decade ... it is ten. Rosenthal.
Rosenthals Narwhal Ventures has not sold none of his Hnt token and is ready to operate nodes for years before making a big win.
"Everything that was built worked so, and that doesn't just apply to Helium. This is all crypto."
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The contribution 'Where are the income?' Helium Investors Inquire is not financial advice.
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