Report: Helium caught in a web of falsehoods about its partnerships Report: Helium caught in a web of falsehoods about its partnerships
Crypto community members say the developers have to be brought to book as the purported partnerships were used to draw in unsuspecting investors.
2 min read
Updated: Jul. 31, 2022 at 10:48 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Reports have emerged that Helium (HNT) has misled the public about its partnerships. According to the reports, the company has no collaboration with Lime or Salesforce, as it touts on its website.
No Lime partnership
A Mashable report revealed that Lime does not have any partnership with Helium.
The transportation company has denied having any partnership with Helium since 2019 and claimed it only had initial testing of the blockchain technology firm.
Lime senior director for corporate communications Russell Murphy said:
“Beyond an initial test of its product in 2019, Lime has not had, and does not currently have, a relationship with Helium.”
Murphy added that part of the condition for the trial is that Helium would not use its name for promotional material. Helium violated that condition and stated it is “trusted by” Lime.
Despite Lime knowing about these misrepresentations, the company has failed to take legal action. However, Lime plans to send a cease and desist letter to the crypto company soon.
Salesforce denies partnership
Another company that Helium claims to have a partnership with, Salesforce, has denied the existence of any relationship.
Salesforce and Lime logos appear on Helium’s website as part of the companies using the firm’s tech.
Salesforce spokesperson Ashley Eliasoph has denied this. Eliasoph said:
“Helium is not a Salesforce partner,” and regarded the graphic on the website showing the Salesforce logo as inaccurate.
Meanwhile, Helium has removed both Salesforce and Lime logos from its website. It also did not respond to media inquiries on the subject.
Crypto community reactions
These new revelations about the crypto project came when the company faced increased scrutiny from crypto community stakeholders about its revenue.
In a recent Twitter thread, Angel investor Liron Shapira described Helium as a failed project where he explained that the company had little revenue despite spending millions.
The project’s Reddit community members have added that the developers needed to be brought to book as the purported partnerships were used to draw unsuspecting investors.
Posted In: Partnerships
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
Featured Story
Advertise Here
In this article
Helium (HNT) is a blockchain-based cryptocurrency that powers the Helium Network, a decentralized wireless infrastructure designed to support Internet of Things (IoT) devices.