This post was written by Tom Shaughnessy, Co-Founder of Delphi Digital, in collaboration with guest author Tyler Reynolds, an independent crypto investor.
Helium: Opportunity and Challenges In Entering the 5G Market
A few years ago, Helium just clicked. The idea that a wireless startup could potentially bootstrap a global IoT network, without spending any money on capex (climbing a single tower), was truly revolutionary. The thesis wasn’t rocket science: users were incentivized to purchase a node ($450) and would earn HNT tokens in exchange for bootstrapping the supply side of the network by providing IoT coverage. The token also clicked, as HNT increased in price, it converted into more data credits to use the network (each DC costs $0.00001). Holding HNT became a claim over future data usage whether it be IoT, or in the future new wireless standards like 5G.
Today Helium has over 470,000 nodes around the world providing IoT coverage, but the real