jakiro
Source: Gryphsis Academy
summary
Mobile Network is Helium’s mobile network business. Helium’s DEPIN track is hot, and the radio communication is optimistic in market space.The mobile network accounts for 70%of the annual revenue of radio communication, and is the main source of market income.Therefore, from the perspective of the development track, the tracks of MOBILE Network have huge development potential and high profitability. Helium officially completed to Solana in April 2023, reducing operating costs while relying on Solana’s strong outbreak and rich ecology, bringing more user traffic and development space to Mobile Network.Among them, the airdrop incentives brought by the SAGA mobile phone and the MAPPing mining mechanism have continuously influx users, and indirectly stimulate the user expansion of Mobile Network. Mobile Network currently accounts for nearly 90% of the HELIUM network. As of writing, the user consumes a DC of $ 2K a day to meet the needs of network usage.The current operational data is good. In the case of insufficient hotspots and launch time and IoT network, it can meet the strong user needs. Mobile Network has the characteristics of low thresholds and high coverage, which can stimulate the enthusiasm of the tokens to buy and participate in the supply side, thereby forming a positive cycle.Making $ MOBILE is expected to become a strong pusher of Helium’s establishment of user awareness. -
On July 1, 2013, Helium Network was officially launched by Helium.inc Company
-
On January 1, 2017, Helium decided to use the blockchain protocol
-
On July 29, 2019, the first $ HNT was produced
-
On August 12, 2020, the DC traffic certificate was officially launched, and users and hotspots needed to pay.
-
On November 20, 2020, the introduction and distribution of half, net emissions and maximum supply three mechanisms to maintain $ HNT
-
On February 12, 2021, Helium introduced verifications and the corresponding POS pledge mechanism to maintain network security
-
On February 23, 2021, 1M $ HNT issued DEWI Grant project
-
On July 27, 2021, the Helium network reached 100K global hotspot coverage
-
On February 19, 2022, Helium.inc was renamed Nova Labs Inc
-
On May 6, 2022, Light Hotspot was official
-
On June 8, 2022, support Networks of Networks, allowing other networks to deploy in the Helium ecosystem
-
On July 13, 2022, open the Helium Mobile Network to achieve 5G network coverage and $ mobile mining
-
On September 20, 2022, cooperated with T-Mobile US Telecom Service Giant to launch the U.S. pilot
-
On September 26, 2022, the HIP70 proposal passed and decided to migrate to the Solana network
-
On April 18, 2023, Helium Network officially completed the migration
-
On December 6, 2023, launched the Helium Mobile phone package subscription service
-
On January 25, 2024, a cooperation with Telefónica Telecom Service Provider, deploying hot spots in Mexico’s deployment
-
Add heat: require 4,000,000 DCs
-
Execute the increase in heat spots: 65,000 DCs
-
Adventure position: 1,000,000 DCs
-
Executive assertion location transaction fee: 70,000 DCs
-
Network participants: including hot provider POC coverage incentives, verifications …
-
Helium Mobile: Subscriber “Mapper”
-
Network pledge reward: Verifications to maintain network security by pledge $ Mobile and get rewards
-
Onboard Fee
-
Payment Helium Mobile Subscribe: Pay directly with the earned $ Mobile
-
Indoor WiFi AP: Total onboarding Fee ($ 20), consumes 1M DC ($ 10 of $ 10)+$ 10 of $ 10
-
Outdoor WiFi AP: Total Onboarding Fee ($ 30), consumes 1M DC ($ 10 of $ 10)+$ 10 $ HNT+$ 10 $ mobile
-
Terminal users (“Birds”): End users use devices such as calls, which can be connected through the Pollen network.Compatible with CBRS, you can download Pollen ESIM or buy a SIM card, thus becoming Bird and connecting to the Pollen network.
-
Verification device (“Bees”): BEES verifies the network coverage of Pollen and other networks by moving in the physical world and reporting the coverage of coverage, which is equivalent to POC proof.
-
Network suppliers (“Flowers”): Flowers provides network coverage through the base station/antenna to obtain a $ PCN token incentive.
-
Pollen Mobile Hybrid Network Operator (“MHNO”): A regional centralized RAN deployment in the existing mobile network operator (“MNO”);The MNO commercialization agreement launches better services.
-
Fixed wireless access/wireless Internet service: Pollen will make anyone easy and affordable to deploy wireless Internet access.Once deployed, the Pollen installation of CBRS (and other mobile bands) will also support mobile services, such as Pollen MHNO.
-
Public/private hybrid network: Pollen aims to enable anyone -from individuals, to small and medium -sized enterprises, to the largest enterprise -can deploy private networks in any scale.
-
Pollen MHNO: Charges to MNO and mobile virtual network operators (“MVNO”).
-
$ XNET: The upper limit of the total supply is 24billion, which is mainly used as a network maintenance of incentive nodes and verificationrs
-
$ XNetd: Only transform can be transformed through $ xNet. Through burning existing $ xNet, user payment network interaction fees, such as data or voice service fees
-
Solana ecological bonus: At present, the strong energy of Solana ecology has brought a lot of bonuses to Helium, such as Solana’s SAGA mobile phone. More and more projectists give user airdrops to hold mobile phones, further increase purchase demand, and users continue to grow.At the same time, the number of users of Mobile Network is also expanded.
-
The use threshold of the MOBILE network is low and the coverage efficiency is fast, which involves people’s daily rigid demand.Therefore, although the MOBILE network is launching later than the IoT network, the current network use demand has far exceeded IoT, and Mobile Network has undoubtedly become a strong push for Helium to establish user cognition.
-
Rich ecological partners: Establish a partnership with many head operators to quickly realize business deployment and expansion, which is conducive to consolidating the industry status in advance.
-
Helium completed Depin’s concept verification in the last round of the previous cycle, and also stepped on many pit acquisition experience. In the new cycle, it is expected to step on the “stone” to obtain new growth.
-
There are many equipment restrictions, which improves the participation threshold: In Helium, users do not contribute to the network through their own idle resources, but need to purchase equipment that meets standards to participate.This also led to a certain period, the price of the equipment was fired very high, and the cost of operators continued to increase.
-
There are risks of regulatory regulations: Because different blockchain networks are affected by different regulatory policies, Helium migrate to the Solana network may bring new regulatory risks and legal requirements.
1. Project Overview
1.1 Introduction
The Helium of the MOBILE Network, Helium Network is a decentralized wireless network with two main businesses: IoT Network ($ IOT) and 5G mobile network Mobile Network ($ Mobile).
Helium deliver network deployment to the global user (PeOPLE-Powered Networks), and provides open and large-scale global wireless network coverage for the 5G network of 5G networks that standard IoT devices and cellular data standards for the LORAWAN standard through HotSpot.Any user holding adaptive hotspot equipment can build network construction through deployment of hotspots to obtain a certain mining incentive.
Mobile Network is a mobile network business in the Helium wireless network. Users need to buy 5G HOTSPOT and connect CBRS Radios to achieve regional network coverage. The Helium network will inspire these providers through $ MOBILE tokens to disperse network infrastructure in the form of crowdsourcing in the form of crowdsourcing.To all parts of the world, a strong 5G network is built in low cost and wide coverage.
1.2 Project details
Second, the project detailed explanation
2.1 team
Abhay Kumar (CEO):
ABha has been participating in the Helium community since 2019. He released the first HIP in the summer of 2020, and joined the NOVA Labs core development team in the fall of 2020 to serve as chief product officer.
Scott Sigel (COO):
Scott is the chief operating officer of Helium and has served as senior vice president of Silicon Valley Bank.Work closely with start -ups to support its growth, finance and management.It also created new projects such as API banking, service innovation and product design with the internal R & D team.
Amir Haleem (Founder):
Amir is the CEO of Helium Mobile and co -founder of Helium.Before joining Helium, Amir served in the video game industry for a long time, serving as the chief technology officer of the game startup Diversion, and the original team members of the “Battlefield 1942” of Stockholm, Sweden.After work, Amir is the co -founder of the former world champion e -sports game player and popular e -sports community Esreality.com.
2.2 Financing status
Helium has completed a total of 5 rounds of financing, with a total financing amount of 253.8m, and Mobile Network subnet has no financing.
2.3 Network composition
Generally, CBRS is divided into indoor outdoor. The purchased hotspot equipment can be connected to the CBRS honeycomb wireless power station indoors or outdoors. After connection, it can provide indoor outdoor networks accordingly.
2.3.2Modeled COVERAGE
At the beginning of the creation of mobile network, 5G operators only need to keep radio online to get rewards.In order to make the network more reliable and available, Mobile Network introduced Modeled Coverage, a POC certificate different from other Subnetwork.
Through the introduction of more data sources such as partitions and population density, the effectiveness of coverage is achieved, and operators are encouraged to deploy in important places.That is, the use of hexagonal in the mobile network to determine the hot spot and quantity of the given hexagonal, thereby determining the location of the coverage and providing rewards to the radio deployed to the best position.
Hot supplier: hold at least 50m $ mobile; service provider: at least 500m $ mobile.Service providers are allowed/encouraged to use the $ Mobile emissions pool they obtained to increase their subscribers.Mobile Network also gives service providers 20% of network $ mobile emissions incentives, which attracts users to participate in the Helium 5G network to get rewards.
Helium Mobile is one of the service providers that inspire users to participate in network coverage construction through innovative mobile operators, and use encrypted economics to reduce costs and increase returns.
Below is a brief workflow of Mobile Network: Mapper is rewarded by verifying the HOTSPOT operator’s coverage network to obtain POC proof; operators will also obtain network incentives after passing verification; Mobile Network is inspired by the network by the Service Provider to inspire more people to use the network.
2.4 Products and Services
Mobile Network allows users to provide the network through purchasing exclusive hotspot equipment. The device can purchase equipment through the current large hotspot operator stores in cooperation with mobiles, such as Bobcat, Calchip, FreeDomfi, etc. provides corresponding devices.
If you want to use the mobile network as a consumer, you can buy the network operating service provider such as FreeDomfi’s SIM card to enjoy the HELIUM 5G network. The network cost is used by combining DC (traffic certificate) of $ mobile.
Source: FreeDomfi Website
Helium Mobile subscriber to obtain a $ mobile reward through “MAPPING for Helium”.The “Discovery Mapping” sector, a type of location through location sharing allows users to understand which area can be covered.Therefore, the “MAPPING” surveying and mapping can be understood to enhance your collecting location information, thereby enhancing the Helium Mobile Network and helping Helium discover the ideal location suitable for deploying new network coverage.In return, users can get the $ Mobile token, and at the same time, they can also use the earned $ Mobile to pay the monthly subscription fee.
In addition, Helium Mobile uses ESIM instead of SIM cards, and adds more quickly and conveniently to the daily life of the user.
The SIM card is the abbreviation of the Subscriper Identity Module. The simple understanding is the phone card, which contains your phone number, identity certificate, location information and security passwords.When you buy a SIM card from a telecommunications service provider, you need to buy a service package for service providers. For example, if you purchase the SIM card of China Mobile, you can only choose from the mobile package.
The ESIM card is an embedded SIM card, which is the same as the role of the SIM card, but it cannot be physical.Embedded in the mobile phone device, you can scan the QR code or enter the information of the mobile network provider manually.
Therefore, Helium Mobile uses the form of ESIM to reduce the cost of user operation and also allow the network to quickly deliver and penetrate.
Third, development process
3.1 major historical events
3.2 Analysis of status quo
In the past month, the average daily network usage of Helium has been on the rise, and the DC with an average of about 12k value can be used for network use on average; nearly 80% of the DC consumed by it is obtainedThe combustion of $ MOBILE and $ IOT is not high.
However, the burning amount of $ MOBILE is still more than 10 times that of $ IOT. It can be seen that at the network usage level, MOBILE’s use demand is larger than the IoT network, and its network income (obtained DC) is more considerable.
The use case of mobile network uses almost 90% of the entire Helium, with a single -day network consumption of about $ 2K, which is more than 5 times that of the IoT Internet of Things.The deployment hotspot is small, but the network usage rate is very ideal.
In addition, suppliers such as Freedomfi launched the Helium 5G series products to help users better connect to use the Helium 5G network.Users can buy standards that meet the standards to participate in the network construction of Mobile Network.
At present, Telefónica is the first major wireless operator to provide Helium Mobile hardware directly in Mexico, and the company claims to have about 383 million customers in Europe and Latin America.
It can be seen that from the United States to Mexico, the Helium Mobile Network is constantly moving towards the international market and expanding its business territory.And because each service provider and hotspot operators involved in the MOBILE network need to pledge high $ Mobile, which is also in disguise to inhibit the circulation of tokens, thereby effectively stabilizing/raising the price of currency.
Fourth, economic model
The original currency of the original currency of the Helium network, the original currency of the subnet IoT Network of Helium, the original currency of the native currency of the subnet Mobile Network.
Helium subnet tokens will be supported by $ HNT as above, so the HELIUM main network will allocate a certain number of $ HNT based on each subnet’s Utility Score. $ IoT and $ Mobile can be exchanged for $ HNT on Helium Wallet.
4.1Data Credits
Data Credits (DC, Flow Points) is an anchor -fired fuel token with the US dollar. The price of 1 DC will be constant at 0.00001 US dollars. It can only be obtained by burning $ HNT and cannot be transferred.
Use scenario data credits:
All transactions will be chained, and they need to consume DC. When the user needs, the wallet will generate the automatic burning network native token to generate DC and use it.
The native currency of the network mainly provides value for the role of the SUPPLY side of the network, and DC provides value for the Demand consumer side of the network.
Why not use native currencies such as $ MOBILE, etc. as a tokens for online consumption, thereby expanding the consumption scenario of the tokens?
The following is a personal understanding: When the market is down and the native token is used as a consumer token, it is likely to have a large amount of token circulation, and the demand is small, which leads to a decline in the price of the token;Gradually decrease and crack down on enthusiasm for participation; when operators continue to lose, the coverage and maintenance of the network gradually decrease, the product and services cannot meet the needs of users, and the demand side gradually slums, resulting in further price declines, thereby forming a vicious circle.
However, due to the stable single price of DC, even if the above quotes are downward, whether it is the SUPPLY side or the Demand side, the token can be exchanged to DC to achieve asset preservation and even arbitrage.For example, when the market is sluggish, the DC is converted to a large amount of $ Mobile, and then exchanged for DC when the price recovers.It is equivalent to the role of a stable currency, thereby effectively reducing the negative effects of the changes in market conditions.
Users of IoT and Mobile networks need to convert $ IOT, $ MOBILE tokens in the Helium Wallet App to $ HNT, and then burning $ HNT to DC, $ Mobile and other subnet token itself.
4.2 $ Mobile
Main source:
The main consumption scenario:
In order to improve the Utility Score of Mobile Network, it is used to measure the efficiency of network usage. It also determines the $ HNT (Helium Network native currency) emission ratio of each SubDao.
The onboarding Fees is officially introduced in HIP53 to charge the startup fee for each hotspot. It mainly includes the HOTSPOT Addition Fee and Assert Location Fee. In HIP96, the onboarding Fees update is updated as a standardized entry fee structure for network participants. ation feeIt was canceled in HIP97.
Classified according to the levels and types of different devices to meet the expansion needs.At the same time, the consumption scenario of $ Mobile has been further extended, and additional benefits have also brought additional benefits to the entire Helium network, which makes all Subnetwork standard uniform.
4.3 Value capture
$ Vemobile cannot be transferred. According to the number of $ mobiles locking by the user & amp; time to weigh the governance rights; the maximum locking can obtain 100 times the governance right of 4 years, and the minimum 6 months can obtain the governance right.
5. Circuit analysis
5.1 Circuit Overview
Traditional information and communication technology areas, such as hardware, software, cloud computing and data storage, and communication technology, etc., have been monopolized by large institutions to a certain extent, resulting in an increase in industry barriers.develop.
Through the crowdsourcing model, DEPIN allows any users with idle computing resources to participate in the construction of infrastructure. From the bottom up, reduce the threshold and increase the breadth of service, and build a physical infrastructure network.At present, DEPIN is mainly divided into three categories: calculation & amp; storage, software suppliers, and remote communication.
Radio annual global income reached 1.5T+, of which mobile networks accounted for 70% of the share.It can be seen that the development prospects of Helium’s own track are optimistic, and its Mobile Network is expected to become the main force to promote the development of Helium.
5.2 Competitive Project
The following is its workflow:
Pollen Mobile’s native currency $ PCN, the total supply is 1 billion, mainly for the following uses:
1) Payment in the Pollen network (such as data subscription, hardware purchase, etc.)
2) Reward the Flower owner who provides network coverage
3) Reward the verification device, verify Flower coverage
4) Reward end users use the network
Business classification & amp; Business model:
5.2.2xnet
Unlike Helium and other CBRS wireless electronic competitors, XNET will provide full -service voice and data networks as real mobile network operators.In the simplified chart below, you can see three different types of XNET network nodes and a network client collection, including clients that act as XNET network verifications, and coordinate each node through public blockchain to act as a mobile network.
5.2.3 Comparison summary
Pollen’s tokens not only inspire network contributors, but also inspire network users. The network usage costs that users need to pay are also $ PCN. It is more special. Helium and Xnet both use secondary currencies as network payment media.From the perspective of network use data, Mobile Network still accounts for its main position, and its hotspot operators and network usage rates far exceed their competitors.
6. Conclusion and risk prompts
Advantages:
Disadvantages:
