- Helium efficiently migrated to Solana Community final week.
- Over six billion IOT tokens have been created because the migration from Helium to Solana.
- IOT Token surged 370 earlier right now to hit a every day excessive of $0.003927.
The Helium IOT (IOT) token stunned the vast majority of crypto buyers right now after surging over 370%. Regardless of a slight retracement, the token was nonetheless inexperienced at $0.00206, up 33.59% at press time.
Right now’s spike in IOT token costs is attributed to the profitable helium migration to the Solana community final week, which resulted in over six billion IOTs being minted.
Helium Web of Issues Community Protocol Token
Most are aware of Helium’s native token, HNT, which additionally carried out very properly over the previous few days after the migration.
Helium has one other token, Helium IOT, which is Helium’s Web of Issues community protocol token. The Helium IOT is mined from Helium hotspots, which is the {hardware} infrastructure behind the IOT community.
Helium IOT is backed by the HNT token and might all the time be transformed to HNT, with the redemption charge set algorithmically by its money change good contract.
In accordance with knowledge from Solana’s block explorer, there are roughly six billion IOT tokens in circulation out of the utmost provide of 200 billion tokens.
The IOT token additionally obtained one other enhance after Solana-based decentralized finance (DeFi) protocol Kamino Finance mentioned it opened two Helium vaults for buyers to stake their IOT and HNT tokens for a charge. yield.