The California town of San Jose, also known as the “Capital of Silicon Valley,” plans to fund web get entry to for low-income households via HNT tokens mined at the Helium community, in line with a town press free up printed on Thursday.
- The pilot targets to offer 1,300 taking part families a one-time cost of $120 that they may be able to use to pay for cheap web for twelve months.
- To fund those one-time bills, the Mayor’s Place of business of Era and Innovation will set up 20 Helium-compatible Hotspots with volunteer citizens and small companies. The hotspots will mine HNT tokens for a pilot duration of six months.
- Helium targets to offer wi-fi connectivity that doesn’t depend on centralized wi-fi carriers. As an alternative, it targets to construct an international peer-to-peer community of nodes that energy Web of Issues (IoT) units. The community comprises over 200,000 nodes, in line with the Helium web site.
- Helium mining units use 5 watts of power to offer long-range wi-fi get entry to to units round them whilst incomes HNT tokens. This sort of connection can’t strengthen units like laptops or smartphones, however can paintings for IoT units.
- The venture is a partnership between the mayor’s place of business, Helium, and the California Rising Era Fund.
- Helium raised $111 million in an August token sale.
Learn extra: A16z Leads $111M Token Sale for Helium’s HNT