The native token of Solana (SOL)-based decentralized wireless carrier sees a price drop after going live on Coinbase, the leading crypto exchange platform in the US.
According to Coinbase, Helium Mobile (HELIUM), a wireless phone service that encourages users to map their network to earn rewards, is now fully available. supported on the trading platform.
“Helium Mobile (MOBILE) is now live on Coinbase.com and on the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
News of the listing caused HELIUM to drop more than 10% in price, from a seven-day high of $0.0042 on February 22 to $0.0036 at the time of writing.
MOBILE, which is part of the Internet of Things (IoT) network and markets itself as an affordable and low-cost alternative to traditional wireless providers, allows users to deserve rewards by verifying or mapping Helium’s 5G network using their phones.
“Helium Mobile users can earn MOBILE rewards by authenticating (also known as ‘mapping’) the Helium 5G network from their phones. Network Mapping is an opt-in program that will be available on Helium Mobile plans.”
Helium Mobile first launched in Miami last year and is now available nationwide.
Earlier this month, Coinbase announced it would be adding MOBILE to its listing roadmap, warning investors that the crypto exchange will soon list an asset, sending the digital asset up nearly 7%.
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Featured image: Shutterstock/Salamahin/Paul Fleet