Crypto Academy Week 6 Homework Post for @besticofinder

in SteemitCryptoAcademy3 years ago (edited)


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Hi fellow steemians,

I am here to complete task 6;the homework task by professor @besticofinder.

For the purpose of this assignment I will be looking at the cryptocurrency Helium (HNT).
Helium (HNT) has a rank of 103 on market coin cap.

Helium project white paper and concept.

Helium uses nodes known as hotspots. Hotspots is a combination of a mining blockchain device and a wireless gateway .
Users who want to earn this token uses these nodes to mine them.

Helium(HNT)

Helium symbolized by HNT. it is a decentralized blockchain.

It is a power network for internet of things.

Co- founders Amir Haleen, Shawn Fanning and Sean Carrey who started their company in 2013 who later launched Helium in 2019 .

Helium project white paper and concept.

Helium uses nodes known as hotspots. Hotspots is a combination of a mining blockchain device and a wireless gateway
Users who want to earn this token uses these nodes to mine them.

Some factors that influence your decision

The social reach
Project purpose
Team
Response from the market

The social reach

Helium has a twitter page which is ;https://twitter.com/helium
And that also have a reddit account

Project purpose

The purpose of this project is to raise the quality of the the communication capabilities of wireless internet of things devices .
It will look at getting device owners and people interested in the internet of things to further improve thier outreach by rewarding people.

Team

The people involved are
Amir Haleem
Shawn Fanning
Sean Carrey.

Response from the market

People are responding very well to this cryptocurrency considering it came out some few years ago .People are getting involved.
More evidently it is valued at 7.39 dollars and its market cap is 552.8 million US dollars.

About 10.95 million dollars worth of helium is traded with 24 hours each day.

As decentralized cryptocurrency is gaining more ground, Helium will be the best option as its market value is not high but it's in demand when you look at the volumes of which are bought in a day.
So with time one can get huge profit.

This is my submission for the homework task 6.

@besticofinder

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Hello @rubilu123 ,
Thank you for submitting homework task 6 ! You have done a fundamental analysis of HNT project. You have mentioned most of the important points .. nice work [4]

Thank you

 3 years ago 

Thank you professor

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