Helium is hard-capping production of the tokenized fuel that powers its decentralized wireless network.
Under a newly passed improvement proposal, Helium miners will stop adding to the circulating supply of HNT tokens at 223 million, a figure they will reach sometime in 2070 once bi-annual “halvenings,” also new to the network, have reduced new HNT monthly issuance to a negligible amount.
But that inflation hard cap does not mean an end to HNT mining. Miners will continue to mint HNT tokens even after they hit 223 million by replacing burned tokens. Project contributors say this will continue to incentivize mining even after inflation subsides.
Called “net emissions,” the unique twist is made possible by the nature of the Helium network. HNT tokens are essentially data credits for users. They spend and burn their HNT supplies to share data across Helium’s low-power alternative to WiFi and cellular networks. Newly minted tokens replace the ones removed through