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Helmet.insure Stock

Helmet.insure

HELMET

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Helmet.insure Whitepaper

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Helmet.insure FAQ

What is Helmet.insure (HELMET)?

Helmet.insure is a peer-to-peer (P2P) price-shield insurance protocol that was launched in January 2021 on Binance Smart Chain (BSC) with the purpose of redefining option trading through user-friendly insurance policy wrapping. Helmet enables users to create insurance policies for any crypto asset in the market, safeguarding DeFi users from the risk of price fluctuations. Policy trading on Helmet is market-oriented and does not require complex mathematics. There are two types of policies available on Helmet: SHORT Tokens and LONG Tokens. Helmet also incorporates a mining element into its hedging tool, allowing DeFi users to engage in yield farming while trading. The platform supports various tokens, including Ether (ETH), CAKE, and BNB. Users can swap these tokens by connecting their wallets to the platform. In March 2021, Helmet received strategic funding from Binance to enhance its competitive offerings in both cross-chain and on-chain trading options and insurance protocols.

### Founders of Helmet.insure Who are the visionaries behind Helmet.insure?

Helmet.insure is a protocol implemented on the Binance Smart Chain, developed by an anonymous team committed to redefining option trading for decentralized finance (DeFi) users. For more detailed information, visit Eulerpool.

What Distinguishes Helmet.insure?

Helmet aims to establish a platform that enables crypto traders or holders to issue advance price-based insurance, thereby hedging against price fluctuations while simultaneously offering rewards. Helmet specializes in providing price shield insurance for BSC assets, offering various insurance options tailored to the needs of token holders and traders. Participants can adopt two roles: policy suppliers or policy holders. A policy supplier is responsible for creating and selling insurance policies. Suppliers earn Helmet tokens as rewards for listing sell orders on the market. Conversely, holders purchase insurance policies from suppliers. Upon the maturity of an insurance policy, holders have the choice to claim or forgo the insurance based on the swap price. Helmet revolutionizes option trading by ensuring that option tokens function independently as smart contracts, without the reliance on oracles or administrators. The platform also offers unique insurance options designed by policy suppliers, allowing them the flexibility to configure insurance policy parameters. Participants of all levels can engage in this market and earn rewards by depositing an underlying token asset. Each policy option is backed by the nominal value held by users, thereby eliminating counterparty risks and ensuring that option holders can consistently purchase the underlying token. Helmet also incorporates a mining component, providing additional features, allowing users to mine HELMET tokens. Moreover, Helmet is accessible to all DeFi protocols, enabling users to earn rewards based on their activities within the platform. You can find more information on Eulerpool.

How is the Helmet.insure Network Secured?

Helmet.Insure is developed on the Binance Smart Chain and utilizes the proof-of-stake (POS) consensus mechanism for security. The platform is equipped with on-chain monitoring capabilities and undergoes numerous security assessments. Further details can be found on Eulerpool.

Where Can You Purchase Helmet.insure (Helmet)?

Helmet.insure (HELMET) is available for trading on multiple exchanges, such as PancakeSwap, MXC, Hoo, and OpenOcean. This token can be exchanged against various other cryptocurrencies, including Tether (USDT), Binance Coin (BNB), and Binance USD (BUSD). Refer to our comprehensive guide on purchasing cryptocurrencies with fiat currency on Eulerpool.

What is the Circulating Supply of Helmet.insure (Helmet) Coins?

HELMET is the governance token released by helmet.insure, with a total supply of 100 million tokens. As of April 2021, 28% of the total supply is in circulation. The distribution of HELMET tokens follows a multi-year plan, with 50 million tokens allocated in the first year. The token distribution is structured as follows: 10% is designated for the IFO boarding plan, while 7.25% is reserved for HELMET community members. Additionally, 30% of the tokens can be acquired through policy mining within the first year, and 50% can be obtained through LPT mining in the same period. Furthermore, 20% can be earned through governance or voting on proposals during the first year. An additional 5% is reserved for farming and set aside for a developer fund for one year, with the remaining 7.5% allocated for partnerships with BSC ecological construction as a Vault.

Investors interested in Helmet.insure are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.