Helium Mobile 5G Unlimited Data Plan Drives 2500% Growth in MOBILE Token

Recently, Helium Mobile launched an unlimited 5G mobile network plan in the United States, and its project token MOBILE has continued to rise in price, with an increase of over 25 times this month.

This article is not investment advice.

Introduction to Helium Mobile

Helium Mobile is the 5G service under the decentralized wireless network Helium, providing decentralized network infrastructure for mobile networks.

One of the biggest advantages of Helium Mobile is the flexible and cost-effective deployment of base stations. By purchasing base station equipment from the team and setting it up, anyone can choose to join as a base station node, Helium Mobile Hotspots, and earn MOBILE tokens as rewards.

Deploying network base stations in a decentralized way will be competitive in areas where traditional network reception is poor, especially for 5G networks.

Helium Mobile Officially Launches 5G Telecom Services

Helium Mobile offers price advantages for mobile network users. Helium Mobile officially launched 5G telecom services in the United Statesthis month, with a monthly fee of only $20 and no contract required, making it competitive in the consumer market compared to traditional telecom operators' plans that often cost hundreds of dollars.

Discovery Mapping Project

In addition, subscribers to Helium Mobile can choose to participate in the Discovery Mapping project to help the team improve the distribution planning of network base stations more accurately. Participants can receive MOBILE tokens, which can be used directly to pay for Helium Mobile telecom services, further reducing 5G telecom costs or even potentially using them for free.

The combination of the Discovery Mapping project with Helium Mobile subscription plans has caused a stir in the market, with a 50% increase in users this month, and over ten thousand people have joined the project so far.

Precautions for MOBILE Tokens Against Farming

According to the updated terms of service on December 18th by the company, new subscribers to Helium Mobile must wait eight days to claim any MOBILE tokens they have earned by sharing their location through the Discovery Mapping feature.

Introduction to MOBILE Tokens

Rise in MOBILE Token Price

All these highlights have drawn market attention to MOBILE tokens, with the token's price surging over 2,500% this month to approximately $0.007, with a total market capitalization of about $560 million and a token market cap ranking of 108.

Allocation of MOBILE Tokens

MOBILE tokens are built on the Solana network, with a maximum total supply of about 230 billion tokens, and a current circulating supply of about 78 billion tokens. The circulating issuance and distribution plan are detailed in the table below.

60% of the token allocation will be used to reward participants who set up base stations, while 20% will be used to reward users participating in the Discovery Mapping project.

The value capture mechanism of MOBILE tokens is unclear at present, as they can only be exchanged for HNT tokens based on scores. Therefore, the sustainability of the token's value remains to be verified by the market.

Continuous Growth of DePIN

However, behind the innovative business model, the actual user experience of the product, market acceptance, privacy, and compliance issues are challenges that Helium Mobile must still face, and users or participants should not overlook them.

On the other hand, there is still a need for a clearer scenario for the use of MOBILE tokens, and effective value capture is essential to demonstrate the sustainability of the token's market value. Holders must pay attention to the risks involved.

This article is not investment advice.