Helium Mobile (MOBILE) Review (8.9/10⭐)

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Helium Mobile is an innovative, decentralized mobile connectivity solution developed by Helium Networks. It is based on the Solana network, where it moved early in 2024. Users of the network connectivity plan can add devices to the network and share them with others around their area to earn tokens as rewards. MOBILE is the governance token for the solution and is used for staking, voting, and buying services on this network.

Transactions at Helium Mobile are cheap and fast. The solution has also received positive feedback from the industry players.

This coin is backed by the other coin in the ecosystem: Helium (HNT). The Helium Wallet App serves as the primary platform for exchanging MOBILE to HNT.

 

A Bit About Helium Mobile

Helium Mobile can be described as a decentralized cellular network. It is basically a wireless phone service built into a decentralized network called Helium. It creates a solution where it is possible to create and manage mobile networks using a token. Helium innovators led by Amir Haleem, Shawn Fanning, and Sean Care created the solution with the main aim of creating a reliable 5G network for use with IoT devices.

The MOBILE token would then be used as a governance coin to pay for services procured within the network. The entire solution stands for reliability, ease of access to the network, and affordability. With Helium Mobile, the public would access cellular services and the internet affordably, while IoT devices would get reliable 5G connectivity for ease of operation. It is expected that it will accelerate the use of IoT across various industries in the general public domain.

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Helium Mobile is a community-driven mobile connectivity solution that is built within the Helium network. It seeks to simplify the process of setting up mobile networks where there are fewer technical setup procedures, professional-grade equipment, and startup capital. Instead, it provides for simple device installation while providing optimal connectivity.

This network then offers users an affordable plan where they can text, call, and browse the internet anywhere in the country. It has created hundreds of hotspots where the public can access the internet and many more for IoT devices to communicate with ease. Helium Mobile has chosen T-Mobile to partner in the provision of 5G networks across the country.

Another innovation for the solution is the creation of ownership plans for hotspots spread across the country. Users become owners of the mini-cell towers near their locations and are rewarded with tokens. This means they get paid for using and sharing mobile network devices at their location, which eliminates the dead zones.

When it comes to payment, MOBILE token is in place to provide anonymous, cheap, and speedy transactions. This token runs on the Helium Network, which works on the Solana blockchain. Solana provides speedy transactions at very low costs. It is also very secure and provides opportunities for the creation of related DeFi solutions.

 

Utility of Helium Mobile?

MOBILE token has several uses within the Helium Mobile network. It was introduced through the community proposal HIP-53, where 78.6 billion tokens are circulating around the globe. First, the coin is used for governance, where holders can propose and vote on any developments happening on the network. This helps ensure that developments align with the community’s objectives.

Second, token holders can stake their tokens, which contributes to the network's security. In return, the network rewards them with new token rewards. Finally, the coin incentives device owners to share their equipment with users around their areas. This eliminates the need for the mobile service provider to install devices.

Another benefit of holding the coin is that users enjoy secure transactions on the Solana network. Solana has a huge network capacity and enables speedy transactions. Besides, it is a secure blockchain where their cash and transaction data are safe.

 

Advantages of Helium Mobile

+ Helium Mobile enables mobile users to earn from installing devices in the area
+ The network provides a reliable network for the growth of IoT solutions
+ MOBILE token is secure and offers governance on the network
+ Holders of the MOBILE token can access various solutions on the Helium network, besides the provision of cellular connectivity.
+ The Solana network provides validation and reliability for Helium Mobile transactions
 

Disadvantages

- MOBILE token is just meant for use in the cellular network, which reduces its usage
- The token has not seen quick growth in value, making it a less attractive investment
- Helium Mobile is just getting started and has not established services in many parts of the world
- Several innovations still remain to make the solution accepted around the globe
- Inflation might be a problem in the future due to the high number of tokens in supply
 

Costs

▪ Rated at 10/10

The cost of transacting with MOBILE token is one of the lowest in the crypto industry. You get charged about 0.01 USD per transaction. This is low compared to up to 80 USD that you get charged by networks like Ethereum. At the moment, MOBILE is not experiencing inflation. Therefore, there is no likelihood that the cost of the transaction will go up in the near future.

 

Reputation and Buzz

▪ Reputation rated at 9/10
▪ Buzz rated at 8.5/10

The Helium Mobile solution has been in the works for some time, even if it has not been rolled out to the market. One of the reputable blockchain solution providers, Helium Networks, created the solution. It has received positive feedback from various players in the communication network due to its simple yet innovative method of ensuring quality connectivity. Second, the use of the Solana blockchain has also enhanced the profile of the solution due to enhanced security and ease of transactions.

 

FAQ

How does Helium Mobile decentralize cellular connectivity?

It empowers users to mitigate the costs of connecting to the internet, calling, and texting. They are able to access cheap cellular services across the country at a very low price. Besides, they can also earn from installing devices on the network for use by others.

What is the cost of using Helium Mobile?

The cost of using Helium Mobile is $20 a month. Users enjoy text, call, and mobile connectivity at a fraction of what it really costs out there.

 

History of Helium Mobile

May 2013 – Amir Haleem, Shawn Fanning, and Sean Care establish Helium Mobile to establish a wireless network for supporting the Internet of Things.

March 2022 – The network is rebranded to Nova Labs. It then raises 200 million dollars to help accelerate the development of a decentralized mobile network.

November 2022 – Helium enters into a partnership with T-Mobile with the aim of using the provider’s 5G network to roll out the Helium Mobile service.

August 2023 - Helium Mobile makes its commercial debut. It starts with a limited rollout in Miami, Florida.

March 2024 – Helium completes its migration to the Solana blockchain. Users and subscribers enjoy enhanced speed and cheaper transaction costs on the Solana network.

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Screenshots from Helium Mobile

 

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