Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market

Helium (HNT) defeats the market’s bearishness as its new developments drive hype for the long term. According to CoinGecko, HNT rose by 13% despite the market’s continued fall in the short term. Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally HNT has been boosted by continued on-chain developments that have driven the limelight towards the platform. However, with the market dips continuing to mount losses for investors, the token’s future gains might already be in jeopardy. New Proposals And Expanding Network Drive New Growth In an X post, Helium revealed that HIP 124, titled “ Securing IOT Governance Through Voting Rewards”, was passed in a recent voting round. According to Helium, the vote swung in favor of HIP 124 with over 95% of users agreeing to the implementation of the proposal. This is due to the proposal’s main points. HIP 124: Securing IOT Governance Through Staking Rewards Passed ✅ HIP 124 introduces rewards for veIOT holders who actively participate in governance votes on the IOT subnetwork. This proposal is aimed at boosting voting turnout in the IOT Network’s governance. HIP 124 passed… — Helium Foundation

Sep 8, 2024 - 06:00

Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market

Helium (HNT) defeats the market’s bearishness as its new developments drive hype for the long term. According to CoinGecko, HNT rose by 13% despite the market’s continued fall in the short term.

HNT has been boosted by continued on-chain developments that have driven the limelight towards the platform. However, with the market dips continuing to mount losses for investors, the token’s future gains might already be in jeopardy.

New Proposals And Expanding Network Drive New Growth

In an X post, Helium revealed that HIP 124, titled “ Securing IOT Governance Through Voting Rewards”, was passed in a recent voting round. According to Helium, the vote swung in favor of HIP 124 with over 95% of users agreeing to the implementation of the proposal. This is due to the proposal’s main points.

HIP 124: Securing IOT Governance Through Staking Rewards Passed
HIP 124 introduces rewards for veIOT holders who actively participate in governance votes on the IOT subnetwork. This proposal is aimed at boosting voting turnout in the IOT Network’s governance. HIP 124 passed…
— Helium Foundation
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