Introduction to IOT Tokens
The IOT token served as the initial protocol token for the Helium IoT Network, specifically designed for LoRaWAN connectivity. Introduced through HIP-52, this token played a pivotal role in network operations until its emission cessation on January 15, 2025, as mandated by HIP-138.
Key milestones:
- First minted post-Solana migration on April 18, 2023.
- Redeemable for HNT via the Subnetwork Treasury pool.
- Network participants earn HNT rewards based on utility scores.
Token Mechanics and Utility
Token Brief
Earning Mechanisms:
- LoRaWAN Hotspots rewarded for data transfer and Proof of Coverage.
- Optional earnings via HNT locking for governance participation.
Blockchain Details:
- Solana mint address:
iotEVVZLEywoTn1QdwNPddxPWszn3zFhEot3MfL9fns.
- Solana mint address:
Redemption for HNT
Protocol tokens like IOT maintain a 1:1 backing by HNT, facilitated by algorithmic treasury swaps. The redemption ratio depends on:
- Total circulating IOT supply.
- HNT reserves in the IOT Network Treasury.
👉 Learn how to swap IOT to HNT
Redemption Tools:
- Primary: Helium Wallet App.
- Advanced: Direct Solana blockchain transactions via Helium’s GitHub tooling.
Token Allocation and Emissions Schedule
Supply Overview
- Max supply: 70 billion IOT (post-HIP-138).
- Emissions followed a halving model aligned with HNT, transitioning to direct HNT rewards in 2025.
Emissions Breakdown
| Year | IOT Minted | Proof of Coverage | Data Transfer | Oracles | Operations Fund | veHNT Stakes |
|---|---|---|---|---|---|---|
| 2022-2023 | 65B | 30% | 50% | 7% | 7% | 6% |
| 2023-2024 | 32.5B | 28.5% | 51.5% | 7% | 7% | 6% |
| 2024-2025 | 32.5B | 27% | 53% | 7% | 7% | 6% |
| 2025+ | HNT | 27% | 53% | 7% | 7% | 6% |
👉 Explore full emissions details
FAQs
1. Can I still earn IOT tokens after January 2025?
No. IOT emissions ceased permanently on January 15, 2025, per HIP-138. Rewards now distribute directly in HNT.
2. How is the IOT-to-HNT redemption ratio determined?
It’s calculated by dividing the total IOT supply by the HNT treasury pool balance. Example: Total IOT / HNT Treasury = IOT per HNT.
3. What happens to unused IOT tokens post-2025?
They remain redeemable for HNT indefinitely via the Subnetwork Treasury, provided HNT reserves exist.
4. Are there plans for mandatory IOT migration?
No. Redemption is optional and can be executed anytime through the Helium Wallet or Solana tools.
5. Why transition from IOT to HNT rewards?
HIP-138 streamlined rewards to reduce complexity and align incentives under a single token economy.
For developers: Check the Helium GitHub for open-source redemption tooling.
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