Small-Cap Altcoins Outperforming
While major altcoins are experiencing a healthy retracement, small-cap altcoins like Helium Mobile (MOBILE) are taking the lead. In the last 24 hours, the price of MOBILE has surged by 100%, reaching $0.0070. Additionally, the trading volume has also increased by 200% to $18 million.
Helium Mobile’s Nationwide Unlimited Mobile Services
Helium Mobile recently introduced nationwide unlimited mobile services at a monthly cost of $20. The mobile virtual network operator (MVNO) has already gained around 8,000 subscribers. New subscribers have the opportunity to earn “mapping rewards” by sharing their phone’s session connection data with Helium.
If users agree, an NFT is created in their Helium wallet, and holders of this NFT receive a share of $MOBILE mapping rewards, which constitutes 20% of all $MOBILE rewards.
Earning $MOBILE Rewards with NFTs
Helium Mobile users can earn $MOBILE rewards by placing an NFT that supports location monitoring on their phones. These phones have access to a Helium cryptocurrency wallet on the Solana blockchain platform.
Data Collection and Network Improvement
By incorporating the NFT, customers help identify locations where Helium users gather. This data is valuable for Helium Mobile as it allows them to encourage users to deploy hotspots in those areas, reducing network-usage payments to T-Mobile.
According to Salvador Gala, co-founder of Escape Velocity Ventures, approximately 8,000 individuals have received Helium Mobile’s NFT. Another count includes around 34,000 individuals who downloaded the app and opted into mapping but may not have subscribed to a cell phone plan yet.
Hot Take: Helium Mobile’s Unique Approach
Helium Mobile’s strategy of incorporating NFTs and rewarding users with $MOBILE is an innovative approach to both incentivize data sharing and improve network coverage. By tapping into the growing demand for NFTs, Helium Mobile has attracted thousands of subscribers who are willing to participate in this unique ecosystem. This demonstrates the potential of blockchain technology and cryptocurrency rewards in revolutionizing traditional mobile services. As Helium Mobile continues to expand its network and attract more users, it will be interesting to see how this model evolves and influences the broader mobile industry.
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