The Helium Foundation, a trade association under the 501(c)(6) designation focused on promoting decentralized wireless access, announced the listing of its HNT token on SwissBorg, a notable cryptocurrency platform in Europe. The announcement, dated November 2, 2023, signifies a crucial step towards increasing the accessibility and expansion of the Helium Network.
SwissBorg, established in 2017, has grown to become a trusted platform for over 700,000 verified users to trade digital assets, access yield products, and early investment deals. On the other hand, The Helium Foundation, as a not-for-profit organization, dedicates itself to enhancing secure and cost-effective wireless coverage globally, acting as the steward of the Helium Network, the world’s largest decentralized wireless network.
Established in 2019, the Helium Network has been on a mission to provide a decentralized, secure, and open-source wireless network. With hundreds of thousands of hotspots, the network has found utilization globally across various sectors including businesses, governments, and municipalities. The integration into SwissBorg presents a significant milestone as it stands to extend the network’s reach to SwissBorg’s user base of over 700,000, beyond its current community, thereby augmenting its global footprint.
The synergy between SwissBorg and Helium emanates from a shared vision of decentralization and accessibility. Anthony Lesoismier, the Chief Strategy Officer and Co-founder of SwissBorg, highlighted this alignment in values as a key factor for the listing. He also mentioned the recent integration of Orca and Phoenix DEXs into the SwissBorg Smart Engine, which marked a significant milestone for SwissBorg, allowing its community to seamlessly transition from off to on-chain operations. The listing of HNT token is seen as a further testament to this integration, facilitating real-world connections by merging off and on-chain activities.
SwissBorg’s mission aligns with that of Helium, aiming to democratize wealth management while making crypto asset management accessible to all. The listing of the HNT token on SwissBorg’s platform, as noted by Abhay Kumar, the CEO of the Helium Foundation, not only opens up the Helium Network to a larger user base but also adds to its growing global presence. The network’s recent collaborations include partnerships with Helotics, creating bear-proof waste containers in Hrebienok National Park, and Seeed Studios, which designed a compact LoRaWAN SenseCAP T1000 Tracker equipped with GPS, Bluetooth, and Wi-Fi to help secure important assets.
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