Hello all,I've been reading up on the Helium network today. It's...

Hello all,

I've been reading up on the Helium network today. It's a pretty exciting idea.

I just wanted to touch base and see what people know about it and what impact it might have on our market.

Basically, the network is facilitated by members of the public investing in the comms hardware, setting it up at home and connecting it to an existing internet connection. The range of these systems can be pretty impressive, there's several in Australia that are reaching tens of kilometers. Owners of the hardware are paid in cryptocurrency based on the performance of their systems.

It's a pretty impressive concept in my view, somewhat bypassing agreements with ISPs as FRX is trying to do. I believe lime scooters are utilizing the network around the world but I'm unsure who's using the network within Australia.

Do you think FRX and Helium can co-exist? In my view, yes, FRX is leveraging existing and very expansive networks while Helium is more city-centric and relies on users deciding to contribute.

All opinions welcome.

Cheers.