Explore the tokenomics of Helium Mobile(MOBILE) and review the project details below.

What is the allocation & supply schedule for Helium Mobile(MOBILE) ?

The MOBILE token follows a similar minting schedule to HNT, Helium's original token, with a maximum supply cap of 230 billion MOBILE tokens. At the launch of the Mobile Network, 50 billion MOBILE tokens were pre-mined and allocated to the Network operations fund managed by the Helium Foundation. This initial allocation was also partly distributed during the Genesis period to active Mobile Network Hotspots.

The formal minting of MOBILE tokens began on August 12th, 2022, marking the start of the first year for MOBILE's issuance. The token issuance features halving events every 2 years, aligning with the issuance halvings of HNT. This schedule was established in HIP-53 and has been updated in subsequent Helium Improvement Proposals (HIPs).

During the first year, the emission plan was to mint 110 billion MOBILE tokens. However, the actual emissions are adjusted based on network activities such as data transfer, Proof of Coverage, and contributions from mappers, service providers, and oracles. The distribution of minted MOBILE tokens is allocated towards various network participants, including hotspot data providers (40%), Proof of Coverage participants (20%), mappers (20%), service providers (10%), oracles (4%), and veHNT stakers (6%).