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Update iot-token.mdx
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waveform06 authored Dec 10, 2024
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Expand Up @@ -44,16 +44,12 @@ It can be calculated easily by dividing the current amount of HNT in the network
total amount of IOT tokens in existence.
The result tells how much HNT one will get per IOT token given up at the network treasury.

$
\text{HNT per IOT} = \frac{\text{Total amount of HNT in treasury}}{\text{Total amount of IOT tokens existing}}
$

No automatic or required migration from IOT to HNT is planned.

Once the IOT token ceases minting and there is no distribution of HNT to the IOT treasury then
the redemption or floor rate of IOT to HNT will be stabilized.
And for as long as there is HNT in the IOT treasury then the IOT token will have a value.

No automatic or required migration from IOT to HNT is planned.

The [Helium Wallet App][wallet-app] serves as the primary platform for exchanging IOT to HNT. This
transaction can also be performed directly through the Solana blockchain using the open-source
tooling found in the [Helium GitHub repositories][github].
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