HNT coin is the cryptocurrency token of the Helium network. Helium is a blockchain-based platform that aims to create a decentralized wireless network for IoT devices. The HNT coin is used as an incentive for people to deploy and operate hotspots, which are small devices that connect IoT devices to the Helium network.
Hotspot operators are rewarded with HNT for creating coverage in areas where IoT devices are needed. The more coverage a hotspot provides, the more rewards it receives. HNT tokens can be bought and sold on cryptocurrency exchanges such as Binance and Coinbase.
The total supply of HNT coins is capped at 223 million, with approximately 112 million currently in circulation. The price of HNT has increased substantially since its launch in 2019, with the coin's value rising more than 100x in 2021 alone.
Overall, HNT is seen as a promising cryptocurrency, with its innovative approach to IoT networking and expanding ecosystem contributing to its success.
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