Helium new coin IOT has surged over 370% in the past 24 hours

2023-04-26 22:29:35

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ChainCatcher news, the new Token IOT issued after the decentralized wireless communication network Helium migrated to the Solana network has seen a maximum increase of over 370% in the past 24 hours.

It is reported that the current native Token HNT will no longer be mined by LoRaWAN hotspots, but will instead be replaced by the mining of IOT. IOT, as the incentive and governance Token of the Helium IoT network, will always be supported by the HNT Token of the Helium Network and can always be converted to HNT, with the redemption rate set algorithmically by its treasury swap contract. According to the Solana block explorer, the maximum supply of IOT is 20 billion, with approximately 6 billion Tokens in circulation.

According to CoinGecko data, the current trading price of IOT is $0.00248, with a fully diluted market cap of $495 million. Based on its circulating supply, the current market cap is approximately $15 million. (Source link)

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Helium IOT Solana

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