HIP 124 proposal passed, Helium IOT subnet governance voting reward will be launched soon

Helium is a decentralized wireless hotspot network that provides public and remote wireless coverage for IoT devices that support LoRaWAN. Hotspots are generated and compensated through the native cryptocurrency HNT of the Helium blockchain. Today, the Helium blockchain and its hundreds of thousands of hotspots provide access to the LoRaWAN network.

 

On September 6th, the Helium Foundation announced the official approval of the HIP 124 proposal, with 95.26% of voters supporting the proposal to strengthen IOT subnet governance through staking rewards. The proposal targets users holding veIOT tokens and aims to motivate them to actively participate in subnet governance voting and increase the voting rate of the IOT network. The implementation of the proposal is expected to take 5-8 weeks, during which protocol development and security audits will be conducted.