Helium and Melon Update: Cautious Traction

Helium and Melon are two super interesting projects in the space. The former is building a nationwide IoT network with its own blockchain/native token and the latter is a platform for on-chain active funds. 

With positive price action for both Helium (HNT, ~$0.20 to $2) and Melon Protocol (MLN, $5 to $50+), it is always worth reviewing both with a cautious eye. Our original note on Helium can be viewed here and our MIP proposal on Melon here.  

Helium: The People’s Network

Helium is a project building a nationwide (now expanding globally) IoT network through the sale of nodes to retail users. These nodes have since covered the United States – being the first project to essentially blanket the U.S. in IoT coverage through a retail movement. Node count has 3x’d since our initial note to 6.5k+.

As a quick refresher, Helium is trying to build the world’s first peer-to-peer wireless network leveraging its own blockchain and a native token. Initially, the team was focused on the domestic market, but has since begun to expand