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I have the same question. Seems like the crash hit them hard and last I heard they were rebasing (n.b., not using this in a technical meaning) on top of Solana.
by alexeldeib 4y ago
I have the same question. Seems like the crash hit them hard and last I heard they were rebasing (n.b., not using this in a technical meaning) on top of Solana.
I also heard a lot of rumors it was a pump/dump or pyramid type scheme, but I haven’t seen proof of that, only if premining (which is awfully scammy to be fair).
Anyone have better details?
- palata 4y agoA good first approximation with anything using cryptocurrencies is that it is a scam.
- RF_Savage 4y agoThere apparently never really ware that many paying customers using Helium's network, so the payouts ware comming from people paying the data credit fees to have their miner listed and accepted to the network. The moment the network stops expanding, the demand for HNT to pay for datacredits will be gone. https://cointelegraph.com/news/critique-on-helium-s-6-5k-monthly-revenue-causes-a-stir https://cointelegraph.com/news/critique-on-helium-s-6-5k-mon... And now that seems to have happened.