## What Is Helmet.insure (HELMET)?

Helmet.insure is a [peer-to-peer](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p) (P2P) price-shield insurance protocol launched in January 2021 on [Binance Smart Chain](https://coinmarketcap.com/alexandria/article/what-is-binance-smart-chain) (BSC) with the aim to redefine option trading with user-friendly insurance policy wrapping.

Helmet allows users to create an insurance policy for any crypto asset in the market, protecting [DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) users against the risk of price fluctuations. Policy trading on Helmet is market-oriented without complex mathematics. There are two kinds of policy on Helmet: SHORT Tokens and LONG tokens.

Helmet also adds a mining part in its hedging tool, allowing DeFi users to enjoy yield farming while trading. Helmet supports different tokens like [Ether ](https://coinmarketcap.com/currencies/ethereum/)(ETH), [CAKE](https://coinmarketcap.com/currencies/pancakeswap/) and [BNB](https://coinmarketcap.com/currencies/binance-coin/). Users can swap the tokens by connecting their wallets to the platform. 

Helmet received strategic funding from [Binance](https://coinmarketcap.com/exchanges/binance/) in March 2021 to provide a more competitive option and insurance protocol for cross-chain and on-chain trading. 


### Who Are the Founders of Helmet.insure?

Helmet.insure is a Binance Smart Chain-based P2P protocol launched by anonymous developers with a passion to redefine option trading for DeFi users.  


#### What Makes Helmet.insure Unique?

Helmet intends to create a platform where a crypto trader or holder can issue an advance price-based insurance that could hedge price fluctuation and offer rewards simultaneously. Helmet specializes in providing price shield insurance for [BSC ](https://coinmarketcap.com/alexandria/article/what-is-binance-smart-chain)assets, including diverse insurance depending on token holders and traders. 

Users can also have two roles as either a policy supplier or policy holder. 

A policy supplier is the creator and seller of an insurance policy. Suppliers earn Helmet token as rewards for creating selling orders to the market. In contrast, Holders buy the insurance policy from suppliers. Once the insurance policy matures, they can choose to claim or abstain from the insurance based on the swap price. 

Helmet redefines option trading, ensuring that option tokens do not rely on oracles or admin, but operate independently as a [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract). It also provides unique insurance that is designed by policy suppliers ensuring they can flexibly assemble the parameters of an insurance policy. Anyone can participate in this market and earn rewards by simply depositing an underlying token asset. 

Each policy option is endorsed at the nominal value held by users, eliminating counterparty risks and ensuring that the option holder can always purchase the underlying token. Helmet also has a mining aspect that adds extra features, and users can mine HELMET tokens. 

Helmet is also open to all DeFi protocols and users can earn rewards based on their activities within the platform. 


#### Related Pages:

Learn about [Terra](https://coinmarketcap.com/currencies/terra-luna/).

Learn about [InsurAce](https://coinmarketcap.com/currencies/insurace/)<span style="text-decoration:underline;">.</span>

Learn about Crypto ETFs on [CoinMarketCap Alexandria](https://coinmarketcap.com/alexandria/article/what-is-a-crypto-etf).

Stay in the loop about everything cryptocurrency on the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many Helmet.insure (Helmet) Coins Are There in Circulation

HELMET is the governance token issued by helmet.insure and has a total supply of 100 million. As of April 2021, 28% of the total market supply is currently in circulation. The HELMET token will undergo a multi-year schedule with 50 million tokens distributed in the first year.  

The token distribution is as follows: 10% for the IFO boarding plan, 7.25% will be allocated to HELMET community members. For the rest, 30% can be earned through policy mining in the first year and 50% can be earned through LPT mining in the first year, while 20% can be earned through governance or vote on proposals in the first year. Another 5% is allocated to be farmed and reserved for one year as developer fund, with the remaining 7.5% used for partnerships with BSC ecological construction as Vault. 


### How Is the Helmet.insure Network Secured?

Helmet.Insure is built on the Binance Smart Chain and is secured via the [proof-of-stake ](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake)(POS) consensus mechanism. The platform also has on-chain monitoring and passes many security checks. 


### Where Can You Buy Helmet.insure (Helmet)?

Helmet.insure (HELMET) can be bought and sold on several exchanges, including [PancakeSwap](https://coinmarketcap.com/exchanges/pancakeswap/), [MXC](https://coinmarketcap.com/exchanges/mxc/), [Hoo](https://coinmarketcap.com/exchanges/hoo/) and [OpenOcean](https://coinmarketcap.com/exchanges/openocean/). The token is currently tradable against a range of other cryptocurrencies, including [Tether](https://coinmarketcap.com/currencies/tether/) (USDT), [Binance Coin](https://coinmarketcap.com/currencies/binance-coin/) (BNB) and [Binance USD](https://coinmarketcap.com/currencies/binance-usd/) (BUSD). 

Check our [in depth guide ](https://coinmarketcap.com/how-to-buy-bitcoin/)on how to buy cryptocurrencies using fiat. 


Helmet.insure

MetaMask

Binance Chain Wallet

BNB Smart Chain (BEP20)

PancakeSwap

Trust Wallet Token

SafePal

BinaryX

Pacoca

Ninneko

Propel

CryptEx

Rainbow Token

Linked Finance World

CZ THE GOAT

Step®

yieldwatch

Centric Swap

Fandomdao

StoryFire

Love Earn Enjoy

Good Games Guild

Doge Grok

Graviocoin

Humaniq

QuadrantProtocol

xDai is a cryptocurrency that is pegged to the US dollar. The xDai chain is a stable payment blockchain that is designed for fast and inexpensive transactions. STAKE is secured by proof-of-stake consensus. xDai was founded on Oct. 1, 2018.

STAKE is a multi-chain staking token that is designed to secure the payment layer. Staking allows validators and delegators to provide transaction consensus and receive staking incentives for block production. It is only required for consensus providers, not everyday on-chain transactions.

xDai was created by the POA Network, an open-source public side-chain of Ethereum founded in April 2017. It offers a framework for smart contracts which provides developers with an easy and effective way to code on Ethereum, while also leveraging the POA Network capabilities.

STAKE

Carbon Protocol

ForTube, previously known as the Force Protocol, describes itself as a suite of distributed crypto-finance service protocols that runs on an open-source blockchain. Its main aim is to offer crypto-finance solutions to developers through its software development kit (SDK) and application programming interfaces (APIs) for decentralized application (DApp) development.

The platform offers solutions for cross-platform asset transactions, cross-chain communications, crypto-asset-backed stablecoin insurance, token board insurance, and on-chain payments. The Force Protocol project is a decentralized protocol layer that is developed and managed by the Force Protocol Foundation Ltd.

ForTube launched its decentralized finance (DeFi) service on the Binance Smart Chain (BSC) in September 2020.

ForTube offers many advantages, including flexible support of globally popular cryptocurrencies that provide higher yield combinations and an upgraded algorithm and ledger structure that significantly reduces gas costs. It also has a robust technical framework with more secure smart contracts.

ForTube

C.R.E.A.M Finance is a decentralized  DeFi lending protocol for individuals, institutions and protocols to access financial services. Part of the yearn.finance ecosystem, C.R.E.A.M. Finance is a permissionless, open source and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain Polygon and Fantom.

Users who are passively holding Ether or wBTC can deposit their assets on C.R.E.A.M. to earn yield, similar to a traditional savings account. For more information visit https://app.cream.finance/.

The C.R.E.A.M. Finance protocol was created as a Compound Finance fork.

C.R.E.A.M Finance is open-source, permissionless, blockchain-agnostic and offers yield farming rewards to its users in order to inclusively develop its network.

The project (which stands for Crypto Runs Everything Around Me) was launched unexpectedly on the Ethereum network on Aug. 3, 2020 through the YOLO liquidity pool. In September 2020 it went live on the Binance Smart Chain (BSC).

The CREAM token allows users to lend, borrow, stake assets and help govern the network, allowing them to vote on assets to support or delist.

Cream Finance

Pascal

Opium is a new platform for launching and trading cryptocurrency derivatives.

Having begun operations in May 2020, Opium uses Ethereum to run a decentralized derivatives marketplace in which any cryptocurrency owner can participate.

The aim of the platform is to democratize access to financial derivatives while using the benefits that decentralization affords traders over legacy alternatives.

Opium’s in-house token, OPIUM, launched in January 2021 and will fulfil various roles mostly centered around platform governance. Active users will be able to vote on some of the most important decisions involved in the platform’s operations.

Opium

The Suterusu Protocol is a second-layer private payment infrastructure for smart contract platforms. The Suterusu Protocol uses the original and most advanced ZK-ConSnark algorithm that does not require a trusted setup. The algorithm’s proof size is significantly reduced and the proof generation and verification efficiency are greatly improved compared with similar solutions. Since no trusted setup is required, it is safe and transparent. The technical paper has been accepted by Eurocrypt 2021(https://eurocrypt.iacr.org/2021/acceptedpapers.php, https://eprint.iacr.org/2021/540). The Suterusu Protocol has been deployed on Ethereum, Binance Smart Chain, Heco, SmartBCH (BCH sidechain), Theta, etc. We plan to deploy Suterusu protocol on the following smart contract platforms including Near, Solana, Avalanche, Moonbeam, Plasma, Matic, etc. It is also the first privacy project funded by the official Cypherpunk Guild Fund of Near. We are also applying for the Solana and Polkadot ecosystem grant. The Suterusu Protocol intends to build a private payment infrastructure for any cryptocurrency. The Suterusu project has received investment from well-known institutions such as Dialectic (a fund founded by the former Polychain partner Ryan Zurr), Fundamental Labs, FBG, Continue Capital, DeFi Alliance, and other well-known institutions.

suterusu

WaykiChain

Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem.

To learn more about this project, check out our deep dive of Dego Finance.

Any user is allowed to launch an NFT and initiate mining, auctions and trading, covering the entire lifecycle of the product. Dego’s NFT protocol is a cross-chain, second-layer infrastructure for Blockchain projects that can be leveraged for user acquisition and token distribution.

Dego uses a modular combination design concept that combines various elements of a product to form subsystems with specific functions.

Dego Finance

saffron.finance

CanYaCoin

Tachyon Protocol

High Performance Blockchain is the first permissionless public blockchain to innovate with hardware acceleration and provably random numbers:

acceleration delivers fast, ultra low-fee, on-chain transactions

provably random numbers support 100% fairness

HPB (the coin) is used to pay transaction gas fees and to reward node operators.

Hyperblox

QuickSwap [Old]

HOPE

BurgerCities aims to create a unified and standardized metaverse world of Web3 via integrating DeFi, NFT to the wider Metaverse.
In this world, users could carry out daily events such as social, gaming, etc. Meanwhile, they could experience DeFi and NFT functions with their own avatars such as trading, staking, NFT exhibitions or Gamefi, etc.

BurgerCities

The Bitcoin Standard Hashrate Token (BTCST) was launched on Binance Smart Chain (BSC) on Dec. 13, 2020. It is collateralized by Bitcoin’s (BTC) hashrate, with each token representing 0.1 TH/s of Bitcoin mining power at an efficiency of 60 W/TH. As such, miners contribute their computational power to the platform in exchange for newly minted BTCST tokens.

BTCST’s goal is to bridge liquidity to Bitcoin’s mining market. This will allow users to get exposure to mining rewards and hashpower of any size, at a low cost. The ultimate goal of the app is to increase the liquidity and efficiency of mining power markets.