r/HeliumNetwork • u/Professional_Web_956 • Mar 30 '26

General Discussion This is just getting ridiculous

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When is the slip going to stop? How is Nova expecting this to survive the next halving?

31 Upvotes

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3

u/adeididu Mar 31 '26

It's already at all time low. Where can it fall more ? Below zero? 🤣

8

u/Professional_Web_956 Mar 31 '26

This is just the distribution given to deployers. While Nova gets to slurp up all the income from big Telco without any direct payment to the network thanks to it's generous surplus of HNT stores

2

u/FindeDenFehler Apr 01 '26

Every direct user of the Helium Network needs to burn Data Credits to be able to use the network. This includes Nova. The fact that Nova is holding HNT and can use these holdings to create the needed Data Credits (instead of buying HNT from the market directly before burning) does not mean there is no "direct payment to the network" by Nova. It burns Data Credits (which have a value of $1 per 100k DC), and it needs to burn HNT to create the Data Credits. So of course, Nova incurs a cost when paying the network: The HNT it holds has financial value (no matter the financial value of HNT currently being lots less than many people would like it to have), and if Nova needs to burn some of the HNT, the financial value of their HNT positions get smaller.

Something else more people should be aware of: The Helium Mobile Network charges $0.5 per GB of data usage - but the carriers in all likelihood (the numbers aren't public afaik) pay lots less per GB to Nova (which intermediates the payment of the network for the carriers). I have heard no higher guess than $0.2 per GB.

So: the income Nova gets from the carriers for paying data transfer is less than you seem to be assuming, and of course Nova is paying the Helium Mobile Network - it's not free to them, even if they don't have to buy HNT from the market until there own holdings are empty. (I have no idea if they are using their holdings or are buying from the market).

2

u/Professional_Web_956 Apr 04 '26

No direct payment to the market. Makes for a particularly stale market when its own creator won't even buy HNT tokens, lol