To offset the cost related to participating in governance, HIP 124 will enable rewards for veIOT holders which will come from HIP-52’s 7% bucket allocated emissions that are dedicated to decentralized oracles which, according to the platform, is currently "not emitted.” With Helium lowering the financial barrier for governance participation will greatly affect voter turnout once a new proposal is under the voting process. Source: Helium Stats In addition to this new development, Helium Mobile’s network has expanded once more.
However, with the market dips continuing to mount losses for investors, the token’s future gains might already be in jeopardy. New Proposals And Expanding Network Drive New Growth In an X post, Helium revealed that HIP 124, titled " Securing IOT Governance Through Voting Rewards”, was passed in a recent voting round.
This led to users on the platform growing with nearly 200,000 non-Helium subscribers using the network. Exhausted HNT Might Fall Below $7.455 HNT’s position was the result of continued bullishness that started last month, but the current rejection by the $8.689 resistance level will drive the token downward despite positive on-chain developments.
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