“We are getting closer to our dream of creating the right kind of tools to connect sensors in a low-cost and open manner,” Mong told me. “And this incentive structure using cryptocurrency could be bigger than LoRaWAN.”
Please note: The schools where we will not be able to install a hotspot are Arvon, Copper Harbor and Elm River. Every other school is planned.
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After I got my Helium Hotspot up and running, I had a chance to virtually interview Mark Phillips, Helium’s Vice President of Business Development, about all things Helium.
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Helium’s ultimate value is in its network effect. Right now, proof of coverage is the value proposition. In the near future, it will be the data that’s transmitted over the network.
Certainly it’s got nothing to do with iHub Global, who to date don’t even have a functional website.
iHub Global affiliates sign up, either for free or for $99 annually. There is no compensation difference between the two options. the first 1 to 5 affiliates recruited are placed in your Pro Team the next 6 to 15 affiliates recruited are placed in your Bronze Team the next 16 to 25 affiliates recruited are placed in your Silver Team every affiliate recruited from 26 is placed in your Gold Team
By deploying a simple device in your home or office, you can provide your city with miles of low-power network coverage for billions of devices and earn a new cryptocurrency, HNT.
So the people that make money tend to be in urban environments where there has been a moderate uptake of Helium hotspots.
That didn’t work. So Helium changed up the model. Amir Haleem, the company’s co-founder and CEO, has long been a proponent of a decentralized internet, so he created a decentralized IoT networking protocol called LongFi and adopted cryptocurrency to make it worthwhile for people to become nodes on Helium’s network.
And yes they are free. You are not really mining Helium but are being paid in Helium coin for any data that passes through your hotspot. That is why there is also a 1000 meter supposed distance between awarded hotspot areas.
iHub.Global has taken the existing Helium business model and added an MLM layer to redistribute the normal commissions. This has been done before with affiliate shopping models as an example. There is nothing illegal with doing this, but it does beg the question, why not just go directly to the source of revenue and earn 100% of the commissions? Of course, unless you are not buying the product and only referring others to buy the product for which you can earn MLM referral commissions.
As you earn HNT, at some point you will probably want to convert that into something tangible, like U.S. dollars. To do this, you will need to move your HNT into a cryptocurrency exchange service, like Binance, where you can trade it, or convert it, into dollars.
Small business owner Birl Hicks helps a customer at Columbia Place Mall in Columbia, South Carolina on April 24, 2020.
Europe was even worse with 8 hotspots spread out between Portugal, France, Italy, Germany and Prague.
HeliumSpot is in no way associated with Helium Systems Inc. or any of its affiliates.
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