The world's largest crypto exchange Binance, in its periodic reviews, decides that some altcoins do not meet the necessary criteria and delists it.
One of these altcoins was Helium (HNT).
Binance announced in mid-March that it had delisted HNT before switching to the Helium Solana network.
According to the news of Coindesk, Helium, which switched to Solana (SOL) network last week, issued a new token called "Helium IOT", and the IOT token has increased by over 370% in the last 24 hours after Helium migrated to the Solana network.
It was stated that the IOT, the protocol token of the Helium internet network, will always be backed by the Helium Network's HNT token and can always be converted to HNT with the redemption rate algorithmically adjusted by the treasury swap contract.
The report also stated that Solana-based DeFi protocol Kamino Finance has set up two Helium vaults that allow investors to stake IOT and HNT tokens to earn returns.
According to the data obtained from CoinMarketCap, Helium IOT, which has increased by 150% in the last 24 hours, continues to be traded at $ 0.002283 at the time of writing.
*Not investment advice.