Helmet New Steps 🌟

5 min readAug 14, 2021

Hello, Helmeters ⛑

Glad we found you guys, feel like we all truly belong to the lovely family. Your support and trust helped us get here, whether directly or indirectly influencing us to get here.

We are all on the grind for the shining future for consecutive months and luckily, we have 8 new industrious partners in our team. We are adamant that we could totally be something and change as well as add more vibrant elements to the Defi world.

We are here to tell you the paramount steps incoming and by the way, new version of helmet.insure official website is going to live next week. 🥳 🥳 🥳

Colorful LPT Mining Pools

You might already noticed the suspend of the Burning-cross approach to Polygon (HELMET→GUARD). Actually we are working on the adjustment of the LPT mining and rewards system.

Due to the adjustment of token releasing from our partner PancakeSwap, the CAKE reward is suspended in dozens of Farm, including HELMET-BNB LP pool. With full respect of their decision, we come to terms and will extend various approaches to cooperate Pancake team.

LPT Aggregate Plan to enable HELMET-BNB liquidity providers to get consecutive rewards from various swap protocols. To be specific, we will fairly rewards Helmeters who endorse HEMET in the whole BSC ecosystem.

Stay tuned and we are edging towards the Multiple LPT Dual-rewards Mining Pools for our Helmeters.

IBO 🔥🔥🔥 (Initial Token Offering with 50% raising HELMET burnt)

We will initiate a new campaign next week.

IBO, aka Mini IDO with small scale of fund raising by HELMET for new project on BSC. Besides, we could also manage the 50% off token selling campaign with our partners to achieve promotion aim on BSC.

We will press the Deflation Mechanism of HELMET — 50% raised HELMET Burnt 🔥 in the IBO process.

How the IBO works:

IBO Function will adopt FCFS system with limit member and hard cap of fund raising. Limit users involved are enable to get limit share of the IBO project.

Approach: 🏄🏻‍♀️🏄🏻‍♀️🏄🏻‍♀️

❶ You need to get HELMET firstly;

❷During the IBO period, you could slide a number and put corresponding HELMET into the IBO Box (We limit the amount of HELMET involved and your IBO share will change real-time based on the capital volume & number of ppl involved);

❸ Then, you could check your IBO share during the IBO;

❹ When the IBO finished, click the ‘CLAIM’ to get back the rest HELMET (failed to swap to IBO token)and the IBO token

⚠️ B/c of the hard cap system, you might witness this scenario like: you put 500 HELMET in but only get 300 HELMET worth of IBO token share. Do not fret, click the ‘Claim’ button and you could get back your HELMET and IBO token.

⚠️⚠️⚠️ Disclaimer — All projects are subject to both high market risk and volatility. Projects from IBO part might witness high risk and Please, do your own research and full due diligence before even considering to invest your funds in any project and please, make your investments very cautiously. Helmet.insure will not be held responsible for any investment losses.

Diversify Insurance Categories

DeFi markets, which is — by all means — not without risk. That is why you need to protect yourself against market fluctuations and unforeseen circumstances.

We have witnessed several treacherous hack attack and price dump events. For #SAFU environment on the BSC, we decided to open the application for BSC partners to apply to get list on our Insurance tab.

We will work on being top tier protocol for the price discovery and risk hedging.

If your BSC protocol with solid user base, you will get priority processing and our marking support.

And you could fetch Red in our TG group for the policy listing. https://t.me/helmet_insure

Plans on HECO Chain

We were giddy when we got the invitation from HECO Chain team to build an insurance protocol on Huobi Eco Chain. It might seems like a thankless task to manage the protocols in 3 ecosystem.

GUARD has already witnessed a initial success with $3,000,000 worth of insurance policy made on-chain and through this, we believe that there must be unique chance and potential of multi-chain development.

We have cooperated with Polygon(Matic) team and QuickSwap team in terms of policy mining and LP mining. We super appreciated the kindly support and we are trying to get connected with more splendid partners on Polygon net.

We could expect that more Mining Pools on guard.insure and we would extend it to Heco chain and we will launch some brand new policy like COVER IDO price policy for our partners on HECO chain.

We have taken the bulk of Q3 to co-dev with Westarter about the approach of avoiding price volatility of the initial offering projects, after which, we are giddy to tell our users that we will deploy the smart contract on Heco Chain about COVER IDO price policy to protect users’ profit in primary market.

With your support, we will keep exploring more #SAFU cross-chain possibilities with our multi-chain partners. As you could see, we have build strategic partnership with zk.Link of Interstellar Multi-chain Fusion Program. We will keep increasing our tempo of dev and making great difference in the near future!!!

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Helmet is a peer-to-peer price-shield insurance protocol on BSC ( Binance Smart Chain), originated from option trading logic.