Helium Mobile (Danny Nelson/CoinDesk)

Helium Mobile Cracks Down on MOBILE Token Farmers

Summary

Helium Mobile's surging MOBILE token price is driving new signups, leading to suspicious accounts. The company has updated its terms of service, requiring new subscribers to wait eight days before claiming their tokens. The low-cost phone plan operates on T-Mobile towers and Helium's hotspots, rewarding users with MOBILE tokens for sharing their location. Subscribers using Discovery Mapping are earning over 2000 tokens per day, attracting thousands of new customers. To combat abuse, the company has implemented changes to prevent token farming and refund abuse.