Helium Mobile
Crypto Overview
Purpose and Utility
Helium Mobile (MOBILE) is a cryptocurrency token designed to incentivize the creation and operation of a decentralized 5G cellular network. The token serves as a reward mechanism for individuals and businesses who deploy and maintain 5G cellular infrastructure, essentially creating a crowd-sourced mobile network.
Business Model
The business model revolves around rewarding network participants with MOBILE tokens for providing cellular coverage. When users connect to the network, a portion of their usage fees are distributed to infrastructure providers. This model aligns with halal principles as it involves clear value exchange and legitimate infrastructure development.
Real-World Adoption
Helium Mobile launched its consumer-facing mobile service in Q3 2023, partnering with T-Mobile as a backup network. The network currently operates in the United States, with plans for expansion. While adoption is still in early stages, there is evidence of active infrastructure deployment and real network usage.
Platform Development
The project demonstrates ongoing development activity, with regular updates to both hardware specifications and software protocols. The Nova Labs team (formerly Helium Systems) maintains active development of the network infrastructure.
Token Distribution and Governance
The token distribution includes allocations for network growth, infrastructure deployment, and team development. While there is a significant allocation for the development team and early investors, these tokens are subject to vesting schedules to align long-term interests.
Revenue Model
The revenue model is based on actual service provision and infrastructure operation, not on interest-bearing mechanisms or prohibited activities. Users pay for cellular service, and providers earn rewards for supporting the network infrastructure.
Crypto Impact
To assign a comfort level investing in Helium Mobile from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Helium Mobile.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.