Key Insights
- Buybacks don’t make sense for most early stage high growth DePINs.
- Helium continues to burn revenue from the Carrier Offload program. The case needs to be made why this revenue should not be reinvested into growth?
- Investor relations matter. Protocols should be clear and consistent in their messaging, transparency, and alignment with investors.
No More Helium Mobile Revenue Burns
Helium Founder @amirhaleem announced on January 2 that Nova Labs would no longer buy and burn HNT tokens with 100% of Helium Mobile revenue.
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