i just discovered that there are solana tokens that i can swap my sol. does it make sense to swap some sol to these tokens? if yes, how to research growth potential of these tokens?
i just discovered that there are solana tokens that i can swap my sol. does it make sense to swap some sol to these tokens? if yes, how to research growth potential of these tokens?
The DAO tokens are derivatives of HNT.
Helium uses a DAO score to determine the redemption rate between HNT and Mobile. The equation takes 3 variables into account (the amount staked in a subDAO, the number of active devices, and the amount of data burned by each respective DAO) this determines the amount of HNT that goes into each DAO’s algorithmic treasury. That HNT is what sets the redemption rate. Here is a link if you want to learn more about how Helium’s economy works.
Currently, because IOT is older and has more devices, its redemption rate is higher than MOBILE. But if MOBILE is successful, the redemption rate will rise.
I do agree that it’s probably wise to hold HNT, but MOBILE did have a 300% increase in the last month in preparation of Helium Mobile launching in Miami.
Yes.