According to the official statement, cryptocurrency exchange Coinbase added the Helium Mobile (MOBILE) altcoin to its road map in order to consider it for listing.
MOBILE is used as the protocol token of the Helium Mobile network.
MOBILE token, which runs on the Solana network, is mined by 5G-CBRS and WiFi Hotspots through both data transfer revenues and Proof of Coverage.
According to the information on the official website, the relationship between Helium (HNT) and MOBILE is explained as follows:
“Protocol tokens like MOBILE will always be backed by HNT and convert into HNT. To achieve this, each network within the Helium Network is allocated a pool of HNT based on its Network Utility Score. The payout rate is determined algorithmically by treasury swap contracts based on this Network Utility Score.”
Coinbase does not guarantee listing for the altcoins it adds to its listing roadmap.
*This is not investment advice.