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On August 1st, the net HNT issuance will be reduced to 2. Net Emissions effectively recycle a pool of 'burned' HNT available for use in rewarding Hotspots, when there are no longer enough provided through minting.

The system monitors DC usage on the network and adds that amount up to the cap onto the issuance supply. The Net Emissions allow rewards to exist in later years, while also not extinguishing deflationary pressure after the cap has been reached.

After the cap is exceeded, the overall value of the network should increase, satisfying a Burn-and-Mint equilibrium, explained below. The Net Emission Cap is set at This number was proposed in HIP 20 as the minimum emissions required to keep the protocol functioning in a mature steady state. If Net Emissions are set too high, the protocol requires more HNT to be burnt for Burn-and-Mint Equilibrium to kick in and support the price through deflation.

If Net Emissions are set too low, the protocol is at risk of running out of HNT to reward network participants as described above. It is impossible to forecast the precise market conditions 10 years in the future, that is why the cap on Net Emissions is a chain variable that can be adjusted as the Helium community gets more data about future market conditions.

Data Credits are the only payment accepted to send data over the The People's Network. Data Credits allow users to transfer bytes of data via Helium LongFi and use for blockchain transaction fees. Like pre-paid cellphone minutes or airline miles, Data Credits are non-transferrable, and can only be used by their original owner. Convenience — access to network resources from anywhere or any Wi-Fi wireless access point; Mobility — ability to use the Internet during e.

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