As a “People’s Network”, Helium aims to create a global network for the Internet of Things. Among other things, they recently switched to the Solana blockchain. Users should benefit from the success of the network by mining the cryptocurrency. Specifically, this is done using devices that look like an Internet router. Users contribute to network stability and receive a proportionate share of HNT tokens in exchange.
Now raise one report the business magazine Forbes made serious allegations against the project. After the launch in August 2019, Helium’s executives, employees and their friends are said to have received almost half of all mining devices and thus generated and hoarded 50 percent of the tokens.
This information was withheld from the rest of the community, it is said. This feels betrayed and talks about fraud – especially with regard to mining. If you paid up to 800 euros for a device at peak times, the rewards are largely the same in many places quiet.