$HNT Token Rights

Updated May 09, 2026

Overview

Token(s): HNTveHNTIOTMOBILE
Token Type: UtilityNetwork
Utility: Protocol Access

HNT is the primary utility and reward token of the Helium Network, earned by hotspot operators for providing wireless coverage and data transfer in IoT and mobile subnetworks, with fees burned to create deflationary pressure following the 2025 consolidation from MOBILE and IOT tokens.

Governance Rights

Control

Voting is enabled by locking HNT for veHNT. Delegating veHNT and voting regularly earns HNT rewards

Governance Decisions

veHNT

Treasury Decisions

N/A

Revenue Decisions

N/A

Fee Switch

OFF

In January, Helium founder announced buybacks would cease in order to route revenue to growth

Primary Value Accrual

Deflationary supply reduction

Value accrues through HNT token burns

Equity Statement

Carrier demand drives token burns. Data Credits (DC) are a USD-pegged utility token derived from HNT and are used to pay fees on the Helium Network. DC is only produced by burning HNT. This HNT to DC relationship is based on a design commonly called a burn and mint equilibrium and intends to allow for the supply of HNT to respond to network usage trends.

Economic Rights

Value Capture

Automated buybacks & burns dependent on usage

Buybacks

N/A

Dividends

N/A

No dividend or revenue distribution is currently active

Burns

Active

HNT can be burned to mint Data Credits, increasing HNT burned for more usage

Ownership

Fundraising: Equity
Equity Revenue Capture: Unknown
Associated Entities: EquityFoundationOther