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 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. 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.

Helmet.insure (HELMET) can be bought and sold on several exchanges, including PancakeSwap, MXC, Hoo and OpenOcean. The token is currently tradable against a range of other cryptocurrencies, including Tether (USDT), Binance Coin (BNB) and Binance USD (BUSD).

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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.