The California city of San Jose, sometimes called the “Capital of Silicon Valley,” plans to fund internet access for low-income families through HNT tokens mined on the Helium network, according to a city press release published on Thursday.
- The pilot aims to give 1,300 participating households a one-time payment of $120 that they can use to pay for low-cost internet for one year.
- To fund these one-time payments, the Mayor’s Office of Technology and Innovation will set up 20 Helium-compatible Hotspots with volunteer residents and small companies. The hotspots will mine HNT tokens for a pilot interval of six months.
- Helium goals to present wi-fi connectivity that doesn’t depend on centralized wi-fi carriers. Instead, it goals to construct a worldwide peer-to-peer community of nodes that energy Internet of Things (IoT) units. The community contains over 200,000 nodes, in accordance to the Helium web site.
- Helium mining units use 5 watts of power to present long-range wi-fi entry to units round them whereas incomes HNT tokens. This sort of connection can’t help units like laptops or smartphones, however can work for IoT units.
- The venture is a partnership between the mayor’s workplace, Helium, and the California Emerging Technology Fund.
- Helium raised $111 million in an August token sale.
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