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Update iot-token.mdx
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waveform06 authored and jthiller committed Jan 2, 2025
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Expand Up @@ -46,17 +46,11 @@ by dividing the current amount of HNT in the network treasury by the current tot
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.

$$\text{HNT per IOT} = \frac{\text{Total amount of HNT in treasury}}{\text{Total amount of IOT tokens existing}}$$
No automatic or required migration from IOT to HNT is planned.

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
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