Key takeaways from Singapore (part 3):
Key takeaways from Singapore (part 2):
What does all this mean? To me, Helium has found early pmf - among its customers (D2C and B2B customers), as well as contributors (hotspot owners). There is an inherent token model that can capture value, and there is a clear path to serious revenues. I was a skeptic for a long time, but as a result of my own naievety.
gg @helium; lead this bull mkt.
The $HNT token is rather well designed. But it took me multiple months to see it play out. As of now, If more than 1643 $HNT is burned (to pay for data) per day, $HNT will be deflationary. Simple as that. Is this happening everyday? Not yet. But there are signs.
Since Apr 2023:
A quick look at the biggest carriers in the world and the amount of mobile traffic they service. T-Mobile (which has partnered with Helium) is just 2.1% of global market share. If Helium was to support just 0.02% to 0.05% of T-Mobile's traffic - it could mean ~$100M in earnings.
It's not hard to imagine a higher share of offload and more carriers on board. There is a very real $1B+ revenue opportunity here. This value effectively will route back to HNT.
Simply serving its current customer base (~110k subs) would help Helium earn $25M+ in fees over a 12 month cycle. These are numbers that can scale incredibly fast. 1M+ native subs, $100M+ in revenue, 5+ carriers seem realistic.
Think about this:
for any mobile network in the world to expand and add net new subscribers to their network (which would mean new location penetration), instead of building out expensive infra - they can just "offload to Helium". If Helium's network proves to be reliable enough, all mobile networks should start to expand via Helium.
Helium has already served ~790k subscribers in the U.S this way, on top of its own 110k subs. Almost 1M people served and using the network. All with just 762 hotspots. Incredible
Helium amortizes and outsources capex to hotspot owners that are incentivized via HNT token rewards. Instead of spending billions of dollars to build and pay for cell towers/location permissions, Helium rewards people for subbing in instead.