The decentralized wireless network altcoin on the Solana (SOL) blockchain is soaring amid two major consumer-focused events.
Decentralized finance (DeFi) communications project Helium Mobile (MOBILE) has risen 60% in the past 24 hours from Sunday’s low of $0.0042 to $0.0067 at the time of writing.
The sudden surge occurred due to the Helium Mobile project. presentation Earlier this week, the outdoor hotspot device, which allows consumers to participate in building network coverage while earning mobile tokens as rewards, sold out.
“The outdoor hotspots are sold out. But don’t worry. Indoor hotspots are still available…
helium mobile presentation Earlier this month, it plans to launch a $20-a-month smartphone service in the U.S., after launching a cellular plan in Miami.
Helium says its service is cheaper than traditional carriers because its model leverages privately owned infrastructure that can earn MOBILE tokens for data sharing. The company has also partnered with telecom giant T-Mobile to provide subscribers with access to the country’s largest 5G network.
Those who purchase Solana’s cryptocurrency-friendly flagship phone, the Saga, will receive a free one-month subscription to Helium Mobile.
According to a recent media outlet, Solana’s Saga mobile phone is sold out. presentation.
“The Saga is sold out! Words cannot describe how grateful I am for your support. We are nothing without this amazing community. The past few days will be recorded in our history, but we are excited about the future. Please stay tuned.”
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Featured Image: Shutterstock/Rattanamanee Patpong