Although still in its early stages, this approach to constructing telecom networks has shown promising advancements. DePIN networks such as Helium have established significant supply side footprints, supporting thousands of hotspots. Helium Mobile was launched by Helium by combining their hotspot footprint with T-Mobile’s nationwide cellular network, offering inexpensive phone plans directly to consumers. The project is in its initial stages, with around ~100,000 subscribers and 10,000 suppliers on the network. Many are doubtful about its success due to the significant switching costs associated with free phones and two-year exclusive contracts.
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