Helium caught in a web of lies about its partnerships

Reports have emerged that Helium (HNT) has misled the public about its partnerships. According to reports, the company has no collaboration with Lime or Salesforce, as it claims on its website.

No Lime partnership

A Mashable report revealed that Lime had no partnership with Helium.

The transport company denied having a partnership with Helium since 2019 and claimed that it had only had initial tests from the blockchain technology company.

Lime’s Senior Director of 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 of the trial was that Helium would not use its name for promotional material. Helium violated this condition and said it was “endorsed by” Lime.

Although Lime is aware of these misrepresentations, the company has not taken legal action. However, Lime plans to send a cease and desist letter to the crypto firm soon.

Salesforce denies a partnership

Another company Helium claims to have a partnership with, Salesforce, denied any relationship.

The Salesforce and Lime logos appear on Helium’s website as part of companies using the company’s technology.

Salesforce spokesperson Ashley Eliasoph denied this. Eliasoph said:

“Helium is not a Salesforce partner,” and considered the graphic on the website showing the Salesforce logo to be inaccurate.

Meanwhile, Helium has removed the Salesforce and Lime logos from its website. He also did not respond to media inquiries on the matter.

Reactions from the crypto community

These new revelations about the crypto project came as the company came under increased scrutiny from stakeholders in the crypto community regarding its earnings.

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.

Members of the project’s Reddit community added that developers had to be tricked into booking because the alleged partnerships were being used to attract unsuspecting investors.