A peer-to-peer wireless hot spot crypto is on the move after Coinbase added the Solana (SOL)-based altcoin to the exchange’s listing roadmap.
In a new announcement, Coinbase Assets unveiled Helium (HNT) as the newest addition to the exchange’s listing roadmap.
“Asset added to the roadmap today: Helium (HNT).”
Helium is a network for the Internet of Things (IoT) that operates in a decentralized manner. It enables IOT devices connected to the network to communicate and share data by supporting smart contracts and enterprise applications. The network rewards participants, including wireless hotspots that provide and validate coverage, through the use of the HNT token.
Helium hotspots are essentially small, low-power devices that anyone can buy and set up in their homes or businesses. When a hotspot is set up, it begins to create a wireless network that other IoT devices can connect to. In return for providing this coverage, the hotspot is rewarded with HNT tokens.
The Helium Network aims to offer more efficient and cost-effective wireless coverage for IoT devices compared to traditional cellular or Wi-Fi networks.
Coinbase’s listing roadmap outlines crypto assets being evaluated for potential inclusion on its platform. The roadmap is frequently updated to reflect new and reviewed assets.
Helium has risen in response to the listing announcement – HNT is worth $1.35 at time of writing, up 12% in the last 24 hours.
Helium migrated to Solana in April of this year.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Solana-Based Altcoin Project Jumps After Coinbase Adds Crypto Asset to Listing Roadmap appeared first on The Daily Hodl.
