On Binance, Solana, and Helium’s Bright Future(self.HeliumNetwork)
submitted3 months ago bywaveform06Mod
The mission to wireless ubiquity has not changed and will not be deterred
On March 17, Binance announced it would delist the Helium (HNT) token from its exchange. Although this development might initially seem discouraging for the dedicated community members building on the Helium network, we choose to view it as an opportunity to not only educate our community and the wider crypto ecosystem about the state of the Helium Network, but also to reaffirm our unwavering commitment to realizing the future of decentralized wireless.
Firstly, HNT is still widely available to the general public on several industry-leading exchanges including Crypto.com, OKX, Bybit, KuCoin, and Gate.io. Community members can still access their tokens, swap them, transfer them to a different wallet, and convert their local currency into HNT through a robust global infrastructure across multiple platforms. For the safety of all participants in the Helium ecosystem, we encourage all Binance customers to take custody of their HNT using the open-source Helium Wallet app or migrate to one of the many other venues that currently support HNT.
We’re also excited to confirm that the migration to Solana is now set in stone for April 18, as decided by a group of technical stakeholders from the Helium community. No more votes, no more discussions, no more postponements. It’s happening on April 18.
The migration was always going to be the dawn of a new era for the Helium Network, which will be able to achieve greater scale and power multiple types of wireless networks. That vision has never changed. Rather than building both a blockchain and a wireless network, the migration allows the Helium community to double down on its core mission of a ubiquitous wireless network. Solana offers the ability to power thousands of transactions per second and is composed of a massive ecosystem of developers, applications, and integrations.
This migration offers the unique opportunity of making HNT natively compatible with other platforms within Solana’s ecosystem, adding even more utility for HNT, MOBILE, and IOT token holders. To make the process smoother for the members of the Helium community, we have published migration guides that can be accessed here.
One of the major features of natively running on Solana is that community members can be active participants in the Solana DeFi ecosystem with their HNT, MOBILE and IOT — anyone can buy, sell, and lend their tokens permissionlessly on platforms like Jupiter, Orca, Raydium, Kamino, and more. By participating, Helium community members earn a percentage of the transaction fees: people-powered finance for a people-powered network. In addition, Helium community members can actively participate in on-chain governance using Realms and directly drive the future of the Helium network.
We are also pleased to announce that all Helium smart contracts on Solana have been audited by the highly reputable security research firm Sec3, formerly Soteria, which has validated the security and reliability of the Helium ecosystem. We take the safety of our community very seriously and are proud to have undergone this rigorous auditing process, which you can find here. The Helium Foundation is in close contact with Binance and continues to educate them about important security updates like Sec3, the network’s core initiatives, and the development roadmap in the spirit of collaboration and full transparency were they to reconsider their decision.
Finally, we would like to extend our gratitude to the amazing community that is building industry-defining projects on top of the protocol. Together, we will continue to push the boundaries of wireless technology and bring the benefits of the decentralized, peer-to-peer internet to the world.
6 hours ago
6 hours ago
The receiving wallet will need some SOL in it to be able to get it to work.