HCCT Flash Mining Campaign

Hi, Helmeters !!!

Over the past week, as Cake pumping, LONG has caught more attention and LONG also received good feedback. From Helmet community’s expectation of more incentive campaigns, we decided to host another Cake Cover Miss Out policy campaign to activate more functions of LONG.

We cooperated with Pancake, offering a new scenario of insurance experience — LPT Mining for new policy (HCCT).

As we committed, We will keep focusing on the product enablement.

⚠️Since the premium of this policy is 1 Helmet, so the initial and reasonable price of HCCT is 1Helmet=1HCCT

⚠️Do not trade heavily on HCCT unless you get clear cognition of the trading risk

⚠️As policy holding certification, there is an expiration date for its using (Feb.15th), but as token, HCCT is alive forever.

If you have read all ⚠️ above, then let’s learn more about HCCT now!

What is HCCT?

HCCT is the abbreviation of Helmet Cover Cake Token

Literally, it is the CAKE Cover Miss Out policy ( it is more like the call option of CAKE )

Underlying asset: Cake

Denominated asset: Helmet (it means that if you activate this policy, you would swap 10Helmet for 1Cake with HCCT)

Premium：1Helmet（ from Helmet Vault）

Insurance Price：1CAKE=10Helmet (it means that if you activate this policy, you would swap 10Helmet for 1Cake with 1HCCT)

Insurance Period：2021, Feb.15

Supply: 300,000 (80% minted by mining, 20% as initial liquidity)

Reference Activate Price: When “Cake:Helmet ＞1:10”, you could activate this policy ( plz recheck the price to make sure this activation is profitable)

How to get HCCT?

HCCT tokens are distributed by LPT mining. LONG-HELMET LP for HCCT, flash mining for only 15 days.

You could provide liquidity in LONG-HELMET pool on PancakeSwap, then after getting the LPT, you could stake them in HCCT pool on our web.

Steps:

🚩1. PancakeSwap -Trade-Liquidity- add HELMET-LONG to get LPT . click here

LONG address: 0x17934fef9fc93128858e9945261524ab0581612e

🚩2. Start mining HCCT on https://app.helmet.insure/

Besides, you could check the mining APY on this page.

The mining period will only last for 15 days with all 300,000 HCCT minted.

How to check the HCCT you got

HCCT contract address:

0xf1BE411556e638790DcdEcd5b0f8F6d778f2Dfd5

Please add this address in your wallet, and check the ‘Policy You Hold’ part on our website. If you could find policy with ID:2, then congratulations, you have got your HCCT.

Differences between LONG and HCCT

1. HCCT is made from Helmet. ( 300,000 Helmet from Helmet Vault ), LONG is made from CAKE.

2.HCCT is Cake Cover Miss Out policy with 1 Helmet as premium, denominated assets is HELMET;
LONG is Cake Cover Miss Out policy with 0 premium, denominated asset is BNB.

3. When you activate policy, the CAKE-LONG scenario is that you will swap BNB for CAKE, while the HCCT scenario is that you will swap Helmet for CAKE.

4. CAKE-LONG is distributed by Airdrop while HCCT is minted by LPT Mining.