This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

The decentralized wireless company Helium is planning to funnel 100% of Helium mobile subscriber revenues to HNT token burns, co-founder and CEO Amir Haleem tweeted yesterday.

It’s not clear if Helium plans to buy HNT on the open market or simply burn tokens from its treasury, but the initiative is going into effect “this week, barring any weird logistics,” he said.

In any case, that’s an estimated $2.3 million in monthly gross revenues offchain that otherwise would have gone to Helium’s parent company, Nova Labs, now being redirected to HNT token holders.

HNT is Helium’s…

Read more on Blockworks