Are HNT and IoT the same?

Protocol tokens, such as IOT, are inherently tied to HNT, ensuring their value is always underpinned by HNT. This integration fosters stability and trust within the ecosystem.

To facilitate the seamless conversion of IOT to HNT, each network within the Helium Network is assigned a dedicated pool of HNT. This allocation is determined by the Network Utility Score, a metric that assesses the network's contribution and performance.

The redemption ratio, which governs the exchange rate between IOT and HNT, is not arbitrarily set. Instead, it is algorithmically calculated by the treasury swap contracts, leveraging the Network Utility Score as a key input.

This approach ensures fairness and transparency in the redemption process. Networks that demonstrate higher utility and performance are rewarded with larger HNT pools, resulting in more favorable redemption ratios for their associated IOT tokens.

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