Cryptocurrency Collecting Device Crashes the Internet on launch date


A crypto currency for the people, Helium, has garnered so large a following that the launch of the latest internet-based currency collecting devices has crashed the local distributors website with an astonishing 2,5 million hits on its website on launch date.

Helium is a global, distributed network of Hotspots that create public, long-range wireless coverage for LoRaWAN-enabled IoT devices. Hotspots produce and are compensated in HNT, the native cryptocurrency of the Helium blockchain. 

IoT solutions provider, Euca Technologies in Johannesburg is one of four worldwide distributors for Seeed Studios SenseCAP M1 which is a high-performing, ready-to-use LoRaWAN indoor gateway (Hotspot) which is compatible with Helium Long-Fi Network. 

The company is responsible for sales of the new devices to Europe, Middle East and Africa. Despite careful pre-launch planning, nothing prepared the local distributor for the flood of orders and responses it received in just a few short hours after the launch. 

With limited numbers being released globally, and no forward orders allowed in the initial stages, the company almost immediately sold its first batch of devices to be shipped locally and abroad. Subsequent volumes of the SenseCAP gateways will remain limited while the devices are rolled out globally.

Real Worth

What makes the Helium crypto currency unique is that it is backed by physical infrastructure that has set out to provide a worldwide network of long range Long-Fi that will enable household or industrial devices to be monitored and controlled over the internet via the Internet of Things (IoT). Simultaneously, the SenseCAP devices collect Helium Network Tokens (HNT) as an incentive for building out its IoT network.

The end goal for the crypto currency is to build a robust IoT network that will enable the roll-out of more simple switching, monitoring and control equipment anywhere in the world over a people’s network that is owned and controlled by the general population. 

What is even more interesting is that equal allocations of the devices are made for private individuals and businesses, which means that ultimate control will always remain in the hands of everyday people rather than a specific network provider.

Euca Technologies managing director, Ernest Campling, says the company first began using LoRaWan technology to enable communication of its environmental monitoring devices with its own specially developed software. 

Such devices are typically used in pharmaceutical, agricultural, food, tracking and other industries that require on-the-minute monitoring and control of devices such as irrigation, cold storage, building management and vehicles monitoring etc.

IoT Everywhere

The long-range capability of Long-fi also enables household equipment such as gate motors, access control, alarm systems, climate control, lights, curtains and even ovens, washing machines and other appliances to be controlled via a computer or cell phone. 

While the IoT works perfectly well on standard Wi-Fi networks, these are typically short-range devices which can be hacked by criminals and security compromised.  By comparison Long-fi is pervasive and won’t allow access to the broader LAN and computer networks. The LoRa standard has fast become the choice Long-fi frequency worldwide and a mainstay of IoT devices.

The SenseCap routers are fully guaranteed and can be installed in minutes almost anywhere to begin collecting HNT crypto tokens and rollout connectivity to all areas of South Africa and abroad. Zoomable world coverage maps show how especially Asia, Europe, USA and other developed countries have quickly adopted the technology and covered entire regions with Long-Fi.

Growing Worldwide

Although coverage of the globe with Long-fi is commendable, it is largely driven by investment and the ability to earn US$ five-digit worth of crypto currency per month in busy hubs while quieter areas still earn a tidy sum that usually covers the cost of the Hotspot within a few months. The coverage map can be viewed at  https://explorer.helium.com/hotspots 

Euca Technologies, Tassia Campling, Tel: (010) 541 0652, email: sales@euca.co.za, Web: www.euca.co.za

Issued on behalf of Euca Technologies, Tassia Campling, operations director, Tel: (010) 007 5278, Email: sales@euca.co.za, Web: www.euca.co.za

By Media Savvy Communications, Lynn Malcolm, Tel: (011) 973 0108, Cell: 076 297 2775, Email: media@mediasavvy.biz, Web: www.mediasavvy.co.za 

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