Quote from: fzkto on December 30, 2023, 01:23:25 PM

Quote from: VicManton on December 30, 2023, 11:17:59 AM

Quote from: mk4 on December 30, 2023, 04:46:49 AM

The Helium thing is surely enticing knowing that they're offering what? $20(if I remember correctly) a month for unlimited data? That's like super cheap, especially in the United States. Though I haven't dug deep enough to know what the 'catch' is. There should at least be some downside.

Whatever the downside might be, I guess they must have thought about it before setting out to make it, all I know is users are earning some tokens of $MOBILE for using it, which can be withdrawn and traded on exchanges where it is listed. I guess they're trying to be innovative in a unique way just to make people use their products, it's fair for me.

Usually such projects have unlimited emission and soon depreciate in value. Remember the project on Solana "go and earn". At that time there was a lot of hype, but in time this project was forgotten. Where you have to do something and earn money, it is good only in the early stages. Later it will be very unprofitable.

The Helium Mobile team who tied their token to be used as incentives for their users in order for them to contribute resources for the distributed wireless network may in future come up with measures to maintain the value of the token. We've seen it done before except the team don't want to. Measures like Burning the tokens quarterly. You have a point here about projects who starts strong and end up unprofitable. However let's consider the team behind the project. The usecase is already in real time use. Let's see what becomes of it but for now, it's to take position.