What are the different types of tokens in the Helium network?
The Helium network has two types of tokens: Helium (HNT) and Hotspots (HSP).
Helium (HNT) is the native token of the Helium network. It is used to incentivize the building and maintenance of the decentralized wireless network, as well as to pay for services on the network. HNT is also used to reward miners who are responsible for verifying transactions on the blockchain.
Hotspots (HSP) are tokens that are issued by Hotspot owners in exchange for HNT. Hotspots are devices that provide coverage for a given area, allowing users to connect to the Helium network. The HSP tokens can be used by Hotspot owners to purchase data services from other Hotspots in their area, or they can be sold on exchanges for HNT or other cryptocurrencies.
AI created text. No guarantee for the correctness of the content.
