> The money to pay for the crypto currency (helium) you get paid in must be coming from companies that will benefit from having these radios working.
It comes from inflation. There is an emission schedule.
The demand to offset the inflation comes from the people/organizations that want to send data over these networks - which is not the device sellers or the people that own them. Data Credits have a fixed dollar amount so the cost to use the network is always predictable, but creating a data credit requires acquiring/purchasing Helium tokens and destroying them. So the more subscribers to send data over the network, the greater demand there is for Helium tokens in order to create Data Credits.
The companies that benefit from the radios working make dollars from selling hardware to people that want to earn HNT and expand the network.
Yes, there is now a reason for there to be a lot of IOT devices reporting stuff. Okay.
It comes from inflation. There is an emission schedule.
The demand to offset the inflation comes from the people/organizations that want to send data over these networks - which is not the device sellers or the people that own them. Data Credits have a fixed dollar amount so the cost to use the network is always predictable, but creating a data credit requires acquiring/purchasing Helium tokens and destroying them. So the more subscribers to send data over the network, the greater demand there is for Helium tokens in order to create Data Credits.
The companies that benefit from the radios working make dollars from selling hardware to people that want to earn HNT and expand the network.
Yes, there is now a reason for there to be a lot of IOT devices reporting stuff. Okay.