Helmet Progress Update (Jan. 18th)
Hello, guys, this is the first time that we talk about our current performance and future plans.
Our focus is on building the most efficient tools for hedging price fluctuation risks on-chain and we think those tools speak for themselves. We are passionate about decentralized finance and more importantly bringing it to the masses. The team has seen tremendous growth and this is only the start for the protocol.
To be honest, it’s been a busy week ( 5 days exactly ) with loads of things going on.
To be brief, here is the list.
Milestones:
1. We successfully completed IFO on PancakeSwap with 9x oversold, making our governance token — HELMET its public debut. Within an hour, more than 1000 defiers with over 9 million USDT worth of LPT joined us.
2. We have built a long-term partner with CertiK Foundation, a world leading blockchain security company, whose support is immensely significant to Helmet. Plus we will public more information about our further cooperation recently.
3. Until January 18th 0:00 SGT, 120,612 Long Token have been minted on-chain, meaning that 120,000 insurance policies have been traded on www.helmet.insure
4. Helmet has also been supported by CoinMarketCap, CoinGecko and DappRadar within 48 hours after our IFO. Meantime, Helmet has joined Binance Chain Community and already launched on SafePal Wallet, BitKeep, The ONTO Team, MathWallet Official, and other prestigious crypto-wallets.
Market:
We have run a campaign of FLASH SALE of $0.12 HELMET COVER policy. $80,000 worth of policy were sold out in 5 minutes. Plus, We are going to host more relative Airdrops to reward helmet holders.
Community:
Our official Twitter (@helmet_insure ) got 5,425 followers in 4 days. Additionally, Telegram group have more than 1,100 members from 22 countries and regions.
We will continue to expand to other countries®ions through social media and partnerships with more teams on BSC to inject new energy to our community.
Token Status:
Our tokens are already available on PancakeSwap, with a maximum turnover of $1.22 million and 1000+ users keep providing liquidity. We have witnessed 822 active addresses on BSC, and our team will continue to increase liquidity through various campaigns in the future.
Not gonna lie, we did witness large price volatility over this four-day period, with peak trading volume exceeding 500,000 USDT. Next, we will leverage multi-ways to manage reasonable price indicator to make the wonky back balance. Such efforts include holding market events with other project teams at the BSC and getting listed on some exchanges to increase liquidity and market exposure.
Products:
1. 4 insurance categories, BTCB, ETH, CAKE and HELMET, have launched;
2. Opened the double rewards mining pool with support of Pancake. With Helmet + Cake bonus, our APY is around 300%.
3.We have launched Helmet staking pool for users to earn Helmet with over 1200% APY. https://app.helmet.insure/mining
Over the coming weeks, we will focus on things as follows:
Products:
1. Launch more pools to provide users with richer choices of mining;
2. Start SHORT token mining to reward policy suppliers;
3. Continue to develop various of insurance products with business partners;
4. Open the management pool and update the policy information page to help users evaluate their insurance status.
community：
1.We will build a community Brain Trust group from Helmet supporters to take part in the progress of Helmet.
Market:
1. We will gradually announce more details of our cooperation with BSC defi projects such as Pancake, ForTube, Certik and Burger;
2. We will work with BSC community on more insurance practice, so as to enhance the community’s understanding of helmet and realize the convergence of the product and the market.
Information transparency:
1. We will gradually disclose relevant information of team, including developers and marketing operators, along with management pool launch;
2. We will public the community funds utilizing plan. Financial details about multi-signature wallet will be published in the next review before the end of Jan..
Thanks for all of your support, mate. It is fantastic for having those partners backing us up.
Stay tuned for more details of us.
