1 of 24

Helium (HNT)

The People’s Network

Analysts:

Will Mahar, Aidan Potts and McCall Delaney

11/02/2021

2 of 24

Roadmap

2

Helium

Introduction

2. Network

3. Miners

4. Features and Applications

5. Stats

6. Recommendation

Oregon Blockchain Group

3 of 24

Helium Intro and History

3

Helium

Founded in 2013 by Shawn Fanning, Amir Haleem, and Sean Carey

Launched in July of 2019

Mission: to make it easier to build connected devices

First miner developed was the Helium Hotspot

Oregon Blockchain Group

4 of 24

Video

4

Helium

Oregon Blockchain Group

5 of 24

How does the Helium Network work?

5

Helium

Oregon Blockchain Group

McCall:

Step 1: The use cases can vary widely based on the needs of the customer. Whether that be asset tracking like trucking supply chain logistics, or smart leak detection for a chemical lab. The customer must purchase a LoRaWAN-compatible sensor/IOT device.

Definitions:

LoRaWAN: is a low-power, wide area networking protocol built on top of the LoRa radio modulation technique. It wirelessly connects devices to the internet and manages communication between end-node devices and network gateways.
IOT: The Internet of things - describes physical objects that are embedded with sensors, processing ability, software, and other technologies, and that connect and exchange data with other devices and systems over the Internet or other communications networks.

Step 2: Onboard the IOT devices with Helium’s “Console” using the hosted or open source version.
Step 3: Analyze your data using Helium’s pre-built software or customer integrations.

*talk about my miner*

6 of 24

Miners

6

Helium

Mining based of “Proof of Coverage” and relay of device data
Location

Miners should be at least 300m apart
Indoor and outdoor options
The Helium “grid” is broken down into layers of hexes
Building out the network as an incentive
Link to Nebra’s specs on optimal miner performance

Helium Network in San Francisco

Oregon Blockchain Group

7 of 24

Miners

Indoor miners

Bobcat 300: 10+ range of connectivity, ~5W power usage
Nebra indoor miner: Adjustable frequency for different countries, <15W power usage

Outdoor miners

Rak miner: ~5W power usage

DIY miners

Channel on Discord with instructions and community input

7

Helium

Oregon Blockchain Group

8 of 24

CURRENT HELIUM APPLICATIONS:

Agulus
Abeeway
Airly

8

Helium

Oregon Blockchain Group

9 of 24

Helium Application: Agulus

9

Helium

Oregon Blockchain Group

10 of 24

Helium Application: Abeeway

10

Helium

Indoor and outdoor GPS tracking:

Track & Trace

Oregon Blockchain Group

11 of 24

Helium Application: Airly

11

Helium

Oregon Blockchain Group

12 of 24

5G & Dish

Down the road

Growth of Dish’s 5G network
Potential future purchase for 5G specific miners

12

Helium

Current bottlenecks

Limited current fleet of IoT devices
No 5G hotspots in Eugene
Need Client Relationships

Oregon Blockchain Group

13 of 24

Tokenomics

HNT Tokens are burned when Data Credits (DC) are created
True max supply: 223M
DC has a fixed unit cost of $0.0001
HIP 20: Combined Net Emissions with existing Burn-and-Mint Economics (BME) approach
Net Emissions cap set at 34.24 HNT (least amount of emissions to keep the protocol running properly)

$HNT Net Emissions Projection

Helium

13

Oregon Blockchain Group

14 of 24

Token Outlook

14

Helium

Diminishing supply and increased demand is baked into the model to accelerate return

Similar to stock buybacks

$HNT Year-To-Date Price

Oregon Blockchain Group

15 of 24

Helium Stats

15

Helium

Metrics

Market Capitalization	$2.9B

Circulating Supply	101M

24H Volume	$32M

Annual Revenue	$24.2M

Staked HNT	27.7M
Active Hotspots	>270K
% in Circulation	45%
Discord members	>100K

Source: CoinMarketCap

Oregon Blockchain Group

16 of 24

Staking

Helium

16

Oregon Blockchain Group

17 of 24

Logistics

17

Helium

Oregon Blockchain Group

18 of 24

Purchasing Miners

Shortage

long lead times for retail, high price for resale

Gameplan

Order 3 Bobcat 300 miners, 12-20 week lead time
Order 3 Bobcats from ebay

18

Helium

Oregon Blockchain Group

19 of 24

Placing Miners

3 spots secured

Police station office
Cole’s parents’ house
Sam Adams’ apartment

Potential spots:

Lillis offices
New members houses
Dorm Room (High floor)

19

Helium

UO Campus

Cole’s Parents’ house

Oregon Blockchain Group

20 of 24

Return on Investment

Payback period

Actual: 13 Months

Utility: ~1 month

5 year return

Actual: $20,241.47

Utility: $25,341.47

20

Helium

Oregon Blockchain Group

21 of 24

Assumptions - Actual Payback Period

21

Helium

Payback Period (Months)

Miner Earnings Per Month (Individual)
	$27.06	$52.06	$77.06	$102.06	$127.06
6 Resell	45	24	18	12	10
3/3 Split	33	18	13	10	9
6 Retail	22	13	10	8	7

Oregon Blockchain Group

22 of 24

Assumptions - Actual 5 year return

22

Helium

5 year return ($Thousands)

Miner Earnings Per Month (Individual)
	$27.06	$52.06	$77.06	$102.06	$127.06
6 Resell	$2.3	$10.6	$18.9	$27.2	$35.5
3/3 Split	$4.0	$12.1	$20.2	$28.3	$36.4
6 Retail	$5.7	$13.6	$21.5	$29.4	$37.3

Oregon Blockchain Group

23 of 24

Fund Recommendation

Helium Miner

23

Helium

Current Price:

Resale: ~$1200

Retail: $500

Action:

Buy 3 Bobcat Miners resale, 3 retail

Oregon Blockchain Group

24 of 24

24

Helium

Questions?

Oregon Blockchain Group