Helmet.insure價格 (HELMET)

What is Helmet?

Helmet.insure is a peer-to-peer price-shield insurance protocol on BSC, launched on 13th Jan. 2021, with the aim to redefine option trading with user-friendly insurance policy wrapping.

Policy trading on helmet is market-oriented without complex mathematics. Helmet allows everyone to easiliy create insurance policy of any cryptoasset in the market, protecting DeFi users against the risk of price fluctuations.

Besides, Helmet add the mining part in hedging tool, allowing defiers enjoy the yield farming while trading the policy. There are 2 kinds of policy- SHORT Token and LONG token.

Token distribution：

• HELMET (Helmet.insure Governance Token) is a governance token issued by helmet.insure. The total supply is 100 million.
• The HELMET token will witness a multi-year schedule, with the first year of a total of 50 million tokens distribution. Details :
• 10% (10 million) for IFO boarding plan
• 7.5% (27.5 million) will be allocated to HELMET community members.
• 30% can be earned through policy mining in the first year
• 50% can be earned through LPT mining in the first year.
• 20% can be earned through governance or vote on proposals in the first year.
• 5% (5 million) will be farmed and reserved for one year as developer fund
• 7.5% (7.5 million) will be use for partner with BSC ecological construction as Vault

Features：

• Redefine Option trading. Option tokens do not rely on the Oracle or the Admin, but operate independently as a smart contract.
• Market-oriented without complex mathematics. Types of insurance are designed by policy suppliers, allowing them to flexibly assemble the parameters of 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, which eliminates counterparty’s risk and ensures that the option holder can always purchase the underlying token;
• Add the mining part in hedging price vilotation risks. SHORT Token (get by supplying policy) and HELMET can be used in mining HELMET.
• Open to all defi protocols. Partners of helmet could share users traffic in the whole ecosystem.