Helium Mobile has updated its rules to combat MOBILE token arbitrage, and new subscribers must wait eight days before receiving the tokens.
According to BlockBeats news on December 19th, in response to the surge of new user registrations and suspicious account issues caused by the price increase of the MOBILE token in its cellular network plan, Helium Mobile has updated its cryptocurrency reward payment rules. Starting from December 18th, new subscribers of Helium Mobile must wait eight days to receive the MOBILE tokens they obtained through Discovery Mapping.
Helium Mobile's cellular service relies on T-Mobile signal towers and Helium's own hotspots, which are hosted by individuals. These hotspot operators receive MOBILE tokens as payment, and telephone subscribers who choose to join Helium Mobile's location tracking service theoretically help guide the layout of new hotspots and also receive MOBILE tokens. CoinDesk found that current subscribers of Helium Mobile can earn more than 2,000 MOBILE tokens per day by using Discovery Mapping, enough to cover the $20 monthly fee of Helium Mobile within two days.
The price of MOBILE tokens has risen by more than 2,000% this month, attracting tens of thousands of new customers to join Helium Mobile and its mapping service. Helium Geek's data shows that more than 6,700 wallets received MOBILE rewards in just one day on Sunday, more than twice the number a week ago. Coco Tang, the product director of Nova Labs, the parent company of Helium Mobile, said in a Discord post on Monday afternoon: "The number of registrations for Helium Mobile is very high, and some of them are suspicious." Obviously, some customers cancel their phone plans after the seven-day trial period, leaving with a full refund and MOBILE tokens worth hundreds of dollars. These changes will prevent them from taking advantage of the plan.