From 68da9f7c7ecd3a26a2bfb76c32826aa388fc0fab Mon Sep 17 00:00:00 2001
From: Adrian <44499545+waveform06@users.noreply.github.com>
Date: Tue, 15 Apr 2025 18:39:39 +0100
Subject: [PATCH 1/3] Update mobile-token.md post hip138/141
Matched format of iot-token.md where possible.
---
docs/tokens/mobile-token.mdx | 76 +++++++++++++++++++++++-------------
1 file changed, 49 insertions(+), 27 deletions(-)
diff --git a/docs/tokens/mobile-token.mdx b/docs/tokens/mobile-token.mdx
index 9af8935ce..55406363a 100644
--- a/docs/tokens/mobile-token.mdx
+++ b/docs/tokens/mobile-token.mdx
@@ -12,17 +12,11 @@ import useBaseUrl from '@docusaurus/useBaseUrl'
})
-MOBILE is the protocol token of the [Helium Mobile Network][mobile]. MOBILE was introduced to the
-Helium Network through the community proposal [HIP-53][hip-53] and is further defined in subsequent
+MOBILE was the protocol token of the [Helium Mobile Network][mobile]. MOBILE was introduced to the
+Helium Network through the community proposal [HIP-53][hip-53] and was further defined in subsequent
HIPs([^1],[^2],[^3],[^4]).
-The MOBILE token is mined by 5G-CBRS and WiFi Hotspots through both data transfer proceeds as well
-as Proof of Coverage.
-
-The mint address for MOBILE is [`mb1eu7TzEc71KxDpsmsKoucSSuuoGLv1drys1oP2jh6`][mobile-mint-addr] on
-the Solana blockchain.
-
-:::important MOBILE emissions ceased on January 15, 2025, in accordance with [HIP-138][hip-138].
+:::important MOBILE emissions ceased on January 29, 2025, in accordance with [HIP-138][hip-138].
Network participants are directly rewarded in HNT tokens from the HNT awarded to the MOBILE Network
by the utility score.
@@ -32,18 +26,39 @@ emission period.
:::
+## Token Brief
+
+The MOBILE token was mined by 5G-CBRS and WiFi Hotspots through both data transfer proceeds as well as
+Proof of Coverage. MOBILE tokens could also optionally be earned from locking HNT tokens to participate in
+Helium MOBILE Network governance.
+
+The mint address for MOBILE is [`mb1eu7TzEc71KxDpsmsKoucSSuuoGLv1drys1oP2jh6`][mobile-mint-addr] on
+the Solana blockchain.
+
## Redemption for HNT
-Protocol tokens like MOBILE will always be backed by HNT and will convert to HNT. To enable this,
-each network within the Helium Network is allocated a pool of HNT based on the Network Utility
-Score.
+Protocol tokens like MOBILE will always be backed by HNT and will convert to HNT even after the return
+to issuing HNT rewards directly. To enable this, each network within the Helium Network is allocated
+a pool of HNT based on the Network Utility Score.
The redemption ratio is set algorithmically by treasury swap contracts. It can be calculated easily
-by dividing the current amount of HNT in the network treasury by the current total amount of MOBILE
-tokens in existence. The result tells how much HNT one will get per MOBILE token given up at the
-network treasury.
+by dividing the
+[current total amount of MOBILE tokens in existence](https://solscan.io/token/mb1eu7TzEc71KxDpsmsKoucSSuuoGLv1drys1oP2jh6)
+by the current amount of
+[HNT in the MOBILE Network treasury](https://solscan.io/account/AguTdjmW5SkhepT9qsKsj29SEqiVKsJchsap6Kma9i98).
+The result tells how many MOBILE is required to be burned to receive each HNT token from the network
+treasury.
-$$\text{HNT per MOBILE} = \frac{\text{Total amount of HNT in treasury}}{\text{Total amount of MOBILE tokens existing}}$$
+$$\text{MOBILE per HNT} = \frac{\text{Total amount of MOBILE tokens existing}}{\text{Total amount of HNT in MOBILE treasury}}$$
+
+Although the MOBILE token has ceased minting, there is still a daily distribution of HNT to the
+MOBILE Treasury as [HIP-138][hip-138] defined an emission of 2.9M HNT to the MOBILE treasury, distributed
+daily as an amount of **12,236.28691983** HNT until the havening on August 1st 2025. After that date
+the redemption or floor rate of MOBILE to HNT will stabilize, until then floor rate of MOBILE to HNT
+is decreasing. And for as long as there is HNT in the MOBILE treasury then the MOBILE token will
+have a value.
+
+No automatic or required migration from MOBILE to HNT is planned.
The [Helium Wallet App][wallet-app] serves as the primary platform for exchanging MOBILE to HNT.
This transaction can also be performed directly through the Solana blockchain using the open-source
@@ -57,21 +72,24 @@ operations fund administered by the Helium Foundation. A fraction of this alloca
throughout the Genesis period to live Mobile Network Hotspots. Year 1 for MOBILE started on August
1st, 2022 with the first tokens minted on August 12th, 2022.
-The issuance is scheduled to have halvings every 2 years, aligning with HNT issuance halvings.
+The issuance was scheduled to have halvings every 2 years, aligning with HNT issuance halvings. From January
+2025 the emissions percentages will remain the same but rewards will be directly in the HNT Token.
The emission schedule was created in [HIP-53][hip-53-emissions], updated in
[HIP-75][hip-75-emissions], confirmed in [HIP-77][hip-77-emissions] and updated in [HIP-79][hip-79].
It is as follows:
-| Year | MOBILE at Year Start | MOBILE Minted | Proof of Coverage ([^5]) | Hotspot Data ([^5]) | Mappers | Service Providers | Oracles ([^6]) | veHNT Stakers |
-| ---- | -------------------- | --------------------------------- | ---------------------------------------------- | ----------------------------------------- | ------- | ----------------- | ------------------------------------ | ------------- |
-| 1 | 50B | 110B ([^7]) | 20% | 40% | 20% | 10% | 4% | 6% |
-| 2 | 110B | 30B | 20% | 40% | 20% | 10% | 4% | 6% |
-| 3 | 140B | 30B | 20% | 40% | 20% | 10% | 4% | 6% |
-| 4 | 170B | 15B | 20% | 40% | 20% | 10% | 4% | 6% |
-| 5 | 185B | 15B | 20% | 40% | 20% | 10% | 4% | 6% |
-| 6 | 200B | 7.5B | 20% | 40% | 20% | 10% | 4% | 6% |
-| 7 | 207.5B | 7.5B | 20% | 40% | 20% | 10% | 4% | 6% |
+| Year | MOBILE at Year Start | MOBILE Minted | Proof of Coverage ([^5]) | Hotspot Data ([^5]) | Mappers | Service Providers | Oracles ([^6]) | veHNT Stakers |
+| ---------- | -------------------- | --------------------------------- | ---------------------------------------------- | ----------------------------------------- | ------- | ----------------- | ------------------------------------ | ------------- |
+| 1 (2022-8) | 50B | 110B ([^7]) | 20% | 40% | 20% | 10% | 4% | 6% |
+| 2 (2023-8) | 110B | 30B | 20% | 40% | 20% | 10% | 4% | 6% |
+| 3 (2024-8) | 140B | 30B | 20% | 40% | 20% | 10% | 4% | 6% |
+| 3 (2025-1) | 155B (to 29th) | AS HNT | 20% | 40% | 20% | 10% | 4% | 6% |
+| 4 (2025-8) | N/A | AS HNT | 20% | 40% | 20% | 10% | 4% | 6% |
+| 5 (2026-8) | N/A | AS HNT | 20% | 40% | 20% | 10% | 4% | 6% |
+| 6 (2027-8) | N/A | AS HNT | 20% | 40% | 20% | 10% | 4% | 6% |
+| 7 (2028-8) | N/A | AS HNT | 20% | 40% | 20% | 10% | 4% | 6% |
+
> Full token emissions can be viewed in the MOBILE section of this document: [Token Emissions as of
> Solana Migration][sol-emisions]
@@ -99,7 +117,11 @@ It is as follows:
[hip-77]: https://github.com/helium/HIP/blob/main/0077-solana-parameters.md
[hip-79]: https://github.com/helium/HIP/blob/main/0079-mobile-poc-mappers-rewards.md
[mobile-mint-addr]: https://explorer.solana.com/address/mb1eu7TzEc71KxDpsmsKoucSSuuoGLv1drys1oP2jh6
-[mobile]: /mobile/5g-on-helium
+[mobile]: mobile/5g-on-helium
[sol-emisions]:
https://github.com/helium/HIP/blob/main/files/0077/token-emissions-as-of-solana-migration.pdf
[wallet-app]: /wallets/helium-wallet-app
+[hip-138]: https://github.com/helium/HIP/blob/main/0138-return-to-hnt.md
+[hip-51]: https://github.com/helium/HIP/blob/main/0051-helium-dao.md
+[hip-141]:
+ https://github.com/helium/HIP/blob/main/0141-single-token-governance-and-release-proposals.md#migrating-to-a-protocol-score-based-only-on-delegation
From 90b9fe74a70982a7e0eaceee0205cfdfe952a749 Mon Sep 17 00:00:00 2001
From: Adrian <44499545+waveform06@users.noreply.github.com>
Date: Wed, 16 Apr 2025 09:11:30 +0100
Subject: [PATCH 2/3] Update mobile-token.mdx
url updated
---
docs/tokens/mobile-token.mdx | 2 +-
1 file changed, 1 insertion(+), 1 deletion(-)
diff --git a/docs/tokens/mobile-token.mdx b/docs/tokens/mobile-token.mdx
index 55406363a..a1da5bc50 100644
--- a/docs/tokens/mobile-token.mdx
+++ b/docs/tokens/mobile-token.mdx
@@ -117,7 +117,7 @@ It is as follows:
[hip-77]: https://github.com/helium/HIP/blob/main/0077-solana-parameters.md
[hip-79]: https://github.com/helium/HIP/blob/main/0079-mobile-poc-mappers-rewards.md
[mobile-mint-addr]: https://explorer.solana.com/address/mb1eu7TzEc71KxDpsmsKoucSSuuoGLv1drys1oP2jh6
-[mobile]: mobile/5g-on-helium
+[mobile]: /mobile/5g-on-helium
[sol-emisions]:
https://github.com/helium/HIP/blob/main/files/0077/token-emissions-as-of-solana-migration.pdf
[wallet-app]: /wallets/helium-wallet-app
From 25fddbb166499aa576a50142593a830274fbcaf4 Mon Sep 17 00:00:00 2001
From: Adrian <44499545+waveform06@users.noreply.github.com>
Date: Sun, 11 May 2025 21:21:30 +0100
Subject: [PATCH 3/3] Update docs/tokens/mobile-token.mdx
Co-authored-by: Joey Hiller <1965053+jthiller@users.noreply.github.com>
---
docs/tokens/mobile-token.mdx | 2 +-
1 file changed, 1 insertion(+), 1 deletion(-)
diff --git a/docs/tokens/mobile-token.mdx b/docs/tokens/mobile-token.mdx
index a1da5bc50..a7132b37e 100644
--- a/docs/tokens/mobile-token.mdx
+++ b/docs/tokens/mobile-token.mdx
@@ -55,7 +55,7 @@ Although the MOBILE token has ceased minting, there is still a daily distributio
MOBILE Treasury as [HIP-138][hip-138] defined an emission of 2.9M HNT to the MOBILE treasury, distributed
daily as an amount of **12,236.28691983** HNT until the havening on August 1st 2025. After that date
the redemption or floor rate of MOBILE to HNT will stabilize, until then floor rate of MOBILE to HNT
-is decreasing. And for as long as there is HNT in the MOBILE treasury then the MOBILE token will
+is decreasing. As long as there is HNT in the MOBILE treasury, the MOBILE token will
have a value.
No automatic or required migration from MOBILE to HNT is planned.