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The constant worry of all humans in every endeavor is the desire to be assured of one's safety. A helmet, wherever used, protects the wearer's head, as it is generally understood that head injuries are easily fatal. Thus, a helmet is very often a lifesaver when situations turn perilous. In the world of crypto, it is a well-known fact that the value of cryptocurrencies are very volatile, crypto traders and holders typically have to worry about fluctuations in their tokens' prices constantly. The need to protect people from exposure to unfavorable price fluctuations is what gave birth to Helmet.Insure.
Helmet is a decentralized protocol implemented on the Binance Smart Chain (BSC). It was developed using Options Trading Logic, and it seeks to permit anyone to create an insurance policy - which essentially is a price-fluctuation shield. These policies are structured such that any interested party can meet the terms of the policy and acquire a form of hedge against adverse changes in the price of a crypto asset. Helmet.Insure is designed not to be limited to any particular De-Fi platform, supporting cross-platform interoperability. Helmet is particularly useful to holders of crypto assets, who, rather than hold their tokens and risk depreciation of its value, can take an insurance policy that would cover any potential loss due to a downward change in the price during the policy period.
In line with the nature of Decentralized Finance, there is also a need to decentralize insurance such that any De-Fi user can provide a price-fluctuation hedge for other users, eliminating the need for centralized institutions. The Helmet protocol was developed to be a De-Fi tool that will enable anyone to accomplish that.
In the Helmet ecosystem, the insurance policy creator is called the Policy Supplier while the subscriber to the policy is called the Policy Holder. The policy specifies the percentage of the price of the asset covered.
Say, for instance, that a particular policy provides 50% coverage at a policy price of 2.25BNB, the premium is 0.1 BNB, the cost of 1 HELMET is 4.5BNB, and a holder ensures 1 HELMET token. If after some time 1 HELMET drops in value to 2BNB and the holder decides to activate the policy, he will get back 1 HELMET at 2.25BNB hence shielding himself from losing 0.25BNB. A detailed guide on how the Helmet insurance policies operate and the types of policies available can be found here.
Four basic elements define a policy:
Denominated Asset: this is the amount of a crypto asset that the policy supplier pledges as collateral for claims' settlement.
Underlying Asset: This refers to the crypto asset, paired to the denominated asset, that a policy buyer intends to insure at the payment of a premium.
Policy Price: This refers to the agreed exchange rate of the underlying asset relative to the denominated asset, which will be executed when the holder activates the policy.
Insurance Period: The duration of time in which the price insurance is active, allowing the holder to claim the policy.
A description of other helpful terms necessary to get you started in helmet.insure can be found here
The governance token of the Helmet.Insure ecosystem is HELMET. It has a total supply of 100 million and is issued by Helmet.Insure. 50 million HELMET tokens will locked in a smart contract for one year, while the remaining 50 million HELMET tokens will be issued within the first year of launch with the following token distribution:
--10% (10 million) for Initial Farm Offering (IFO)
--27.5% (27.5 million) earmarked for the HELMET community
--5% (5 million) is to be reserved for the Developer fund. It will be farmed and locked for one year.
--7.5% (7.5 million) will be used for partner with BSC ecological construction.
Holders of HELMET possess the right to purchase insurance policies with the token, participate in community votes and governance, and receive commission dividends.Currently, HELMET is listed on Pancakeswap, Hotbit Exchange, and MXC Exchange, with more listings to come. An overview of the market performance of the token can be seen in the project's Coinmarketcap page.
The Helmet team has partnered with PancakeSwap to create ample liquidity for the Helmet protocol, while simultaneously rewarding users with liquidity incentives. This system allows Helmet to bootstrap both liquidity and users through offering additional Helmet incentives. Currently, users can supply liquidity using Helmet/BNB or Helmet/ LONG bootstrapping both liquidity and policy minting.
For more information regarding Helmet liquidity mining refer to the following:
So far, the project has achieved the following milestones,
1. Very successful Initial Farm Offering (IFO) on Pancakeswap that exceeded sales targets.
2. Partnership with a top blockchain security company, Certik Foundation.
3. Helmet has been integrated into popular crypto wallets such as SafePal, MathWallet, Bitkeep etc
As part of ongoing efforts to grow the project, plans are to list on more exchanges and increase liquidity to all users.
Further details of upcoming activities and collaborations can be found here.
All in all, Helmet.Insure is a welcome addition to the options available to DeFi users. The potential of the project is immense.
For more information, take a look at the project's media channels.
Andrew (BSC.News)
Hello everyone and welcome to the AMA with CoinSwap!
Today we have @coinswapbull joining us today to talk about their exciting platform!
Great to have you here
CoinSwap Bull
It's wonderful to be here, it's an honor to join your great community and tell your community about CoinSwap and what our team is building! Thanks for having us!
Andrew (BSC.News)
Yeah it's wonderful to have you here!
So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you before hand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway
Sound good with you?
CoinSwap Bull
Sounds excellent, I'm really looking forward to this! Let's go ahead and begin!
Andrew (BSC.News)
Awesome so let's get started!
1. Please introduce yourself and the team behind CoinSwap
CoinSwap Bull
I’ve been in the bitcoin and blockchain space since 2009. I’ve written two blockchain books, written for countless projects and advised many others.
I joined CoinSwap’s team right before launch because I believe in their goal to become the world’s most innovative DEX and provide all people with decentralized financial inclusivity.
Since joining the team I can already sense that we’ve a great opportunity to achieve this goal and to become number 1 amongst all DEXs.
Andrew (BSC.News)
Oh wow 2009?
So you were here since the beginning
CoinSwap Bull
Yes sir, I've seen everything in this space and I love to see real developers at CoinSwap building the protocols I've been waiting many years to see built.
It's a pleasure to watch!
Andrew (BSC.News)
That's amazing, and for you to join a project like CoinSwap must mean more than just one more team member
So let's talk about the project itself and why you joined it
CoinSwap Bull
Absolutely, let's get into that now!
2. What is CoinSwap? What does it mean to be a decentralized cloud trading protocol?
CoinSwap Bull
Let me first give you an overview of our launch and upcoming events and that will lead me into more about DeCloud and or functions.
Launch Time: CoinSwap.com officially launched on BSC on Sep 13th.
Mining Launch Time: CoinSwap.com will officially launch mining function on Oct 20th.
Vision
Not only an AMM-based DEX, but also an ecosystem.
CoinSwap.com is committed to building a decentralized financial ecosystem integrating DEX, Cloud, NFT, DAO, GameFi, etc.
Functions:
Advanced Trade: Users can trade by observing real-time K-line and liquidity pools.
Liquidity Migration: CoinSwap.com provides this function of one-click “Liquidity Migration” that can easily allow users to migrate the liquidity previously provided on DEX.
Node NFT: Each node will become the unique NFT system of CoinSwap.com to support free transfer.
Financial Derivatives: As the trading volume and liquidity of CoinSwap.com continue to increase, we will gradually enrich the structure of various products.
Assets: You can check your wallet balance on CoinSwap.com directly.
Deductible Fees: Coins can be used to deduct 50% trading fees. The trading fee can be as low as 0.15%.
Market Data: Query Token market data anytime, anywhere.
DAO Governance: Users who hold COINS can initiate and vote on the system. Related proposals include block rewards, halving cycles, new token launches and adjustments to liquidity weights of trading pairs, etc.
Andrew (BSC.News)
Yeah so while CoinSwap is very innovative no doubt, I want to expand on it and analyze why CoinSwap is necessary
3. What inherent problems have you seen within BSC that CoinSwap can provide solutions for?
CoinSwap Bull
CoinSwap is a large supporter of Binance and Binance Smart Chain and believes in their vision to provide a chain for users with high transaction throughput.
This allows DeFi protocols like ours at CoinSwap to flourish and continue to take more market share over time from the ‘legacy’ DEXs like Uniswap or Pancakeswap that haven’t really innovated over the last year and CEXs as well once users become more comfortable in the crypto sector.
Through our referrals, NFT and Supernode NFT, users can create their own ecosystem to trade with even cheaper fees than any other DEX already running on BSC.
Our users are already giving us excellent feedback on the protocols and really appreciate us pushing the space forward with our new functionality!
Andrew (BSC.News)
Okay nice!
So my next question is
4. How does being a “DeCloud” differ from other trading protocols?
CoinSwap Bull
Other DeFi protocols aren’t as distributed as CoinSwap because CoinSwap is the first DeCloud computing protocol in the history of DeFi.
DeCloud enables every supernode to be a DEX and this may be the most revolutionary advancement in NFTs in blockchain history yet.
DeCloud gives our users even more decentralization than the normal DEX and way more decentralization than any CEX as well. This is the future of DeFi because users will increasingly want to have a decentralized cloud just like they want decentralized blockchains.
Supernode NFT empowers the users to have more control of their finances and that’s the endgame of blockchain and DeFi.
Andrew (BSC.News)
Wow that's amazing!
5. How do you use/get started on CoinSwap?
CoinSwap Bull
Our team made a full tutorial on how to get started on CoinSwap.com in this youtube video.
There are other specific tutorials and overviews on our youtube channel for users and there will be more youtube videos in the future when we launch even more functions, so make sure you’re subscribed for all news, product launches, and giveaways!
Andrew (BSC.News)
Yeah I'm watching the video and it's very solid learner material
Even teaching users how to download and set up the BSC RPC for those who may not know
CoinSwap Bull
Thank you, sir, I appreciate it!
💪
Andrew (BSC.News)
Nice guys
CoinSwap Bull
CoinSwap's team wants everyone to have access to these services, we have to make it easy to understand, thanks!
6. What is your vision for CoinSwap? Can you provide us with a roadmap?
CoinSwap Bull
The overall vision is to become the #1 DEX in the entire world! Our team is focused on the small day to day goals which will lead to us becoming number #1 eventually.
The small victories will lead us to even greater things and our community is continuing to grow on every continent daily!
CoinSwap is launching mining today! This is a huge event in our roadmap and brings all of our functions and utility to the LIVE stage of our platform.
Of course we will keep innovating but this is a major day for CoinSwap and we’re very proud of our team and our community!
Andrew (BSC.News)
What a great mindset to have
And congrats! That is a huge step
So while we are on the topic of mining
CoinSwap Bull
We appreciate it, we're very excited!
7. What is $COINS? How is it used for your platform?
CoinSwap Bull
COINS Use Case:
1. COINS used to pay for fees will not participate in rebates but will be directly burned.
2. Deductible Fees. COINS can be used to pay for fees. The discount rate is shown in the table below.
3. The creation of the supernode NFT needs to burn COINS.
4. If the project party's tokens participate in liquidity mining, the project party will provide the tokens and host the user's single staked COINS to mine the project party's tokens.
5. COINS can participate in the new functions of the platform such as NFT and IFO.
6. The COINS value can be provided in subsequent contracts and lending products.
Andrew (BSC.News)
Okay nice, so this is for sure not a project that created a token just because
Definitely resonates with the idea of an ecosystem that you guys are building towards
CoinSwap Bull
Absolutely not, CoinSwap's token has a real use case as you can tell, a token for the future of DeFi!
Thanks
8. Is your platform audited? How can you ensure users that your platform is safe to use?
CoinSwap Bull
This is one of the most important questions when evaluating any crypto protocol, let me explain.
CoinSwap.com underwent a full audit by CertiK. CertiK is the leading security agency in the blockchain space that makes sure all users are safe when using DeFi products.
You can read the full audit of our protocol done by CertiK here:
Andrew (BSC.News)
Yeah without a doubt!
All smart contracts carry a risk when interacting so I'm glad you guys understand the severity of potential risks and are taking the steps to mitigate those risks
Last but not least
9. Any exciting news you would like to announce today?
CoinSwap Bull
🗣 CoinSwap.com Genesis Mining will start today, are you guys ready?
No Private sale, No ICO, No Pre-mining!
Be the first one to have COINS4
CoinSwap #YieldFarming : October 20th 12:00 (UTC)
CoinSwap Bull
Absolutely but please make sure you use this link when you head over to the site!
That way we know you're a part of the BSC NEWS family!
🗣OFFICIAL LINKS:
Telegram Announcement:
Andrew (BSC.News)
Awesome! Thank you so much
CoinSwap Bull
You're welcome, sir!
Dragonary is always looking for ways to enhance its Non-fungible token (NFT) GameFi protocol. As a result, the game has released an update, showcasing the upcoming exciting projects and features.
The latest update shows that the GameFi protocol wants to strengthen the bond between players. Dragonary intends to focus on making its game more social and creative. The Binance Smart Chain (BSC) Play-to-Earn (P2E) protocol made its intentions clear on Twitter and Medium.
“You’ve been asking for it, so we deliver,” tweeted Dragonary on 19th October. “It’s been eleven weeks we’ve worked hard to strengthen bonds with all of you.”
The update, termed “What are we building?” features numerous exciting integrations. According to Dragonary’s blog, users can expect new additions focused on improving players' interaction. Some of the features include the Friends tab, Dungeons, Magical powers, Player vs. Player (PVP), and many more.
The Dragonary article talks about its plans to create a friendly environment for users. This means that users would get to add and interact with their friends while they play the game. This feature, known as the Friends Tab, spearheads the other top-notch integrations by the GameFi project.
“Right now, Dragonary’s focus and priority has become making the game more social and interactive. As of right now, we are working on implementing the Friends tab, so you can add other players to your friends list and check their dragons, account rarity and much more later on too!” The post read on 19th October.
Since its inception in July 2021, the Dragonary game has expanded across the GameFi industry. The Free-to-Play P2E game is now available on PC, laptop, MAC, or any Android and iOS mobile device. In light of this, the protocol released the update to clarify its growing community on what projects its diligent team is building.
“We are aware that our community wants to know how everything is going. That’s why we bring you “what are we building?”, an article where you’ll find every project our team is working on,” the protocol wrote on Twitter.
Read Dragonary’s article to learn more about its upcoming project.
Dragonary is a Free-to-Play P2E NFT game built for anyone with little or no knowledge of blockchain or cryptocurrency. The game ensures that users profit from every minute spent on the platform. Therefore, everyone is rewarded for participating in the game.
The Dragonary ecosystem features unique NFT dragons with zero transaction fees. With its $CYT token, the game is built on BSC, ensuring fast, lightweight, and secure transactions. Being a free game, users can enjoy all of Dragonary’s content without paying. However, users who enjoy the game can explore its NFT marketplace to purchase better dragons, items or power-ups, and enjoy an exciting NFT GameFi experience.
Where to find more about Dragonary:
Helmet was developed using Options Trading Logic and it seeks to permit anyone to create an insurance policy - which essentially is a price-fluctuation shield.
The constant worry of all humans in every endeavor is the desire to be assured of one's safety. A helmet, wherever used, protects the wearer's head, as it is generally understood that head injuries are easily fatal. Thus, a helmet is very often a lifesaver when situations turn perilous. In the world of crypto, it is a well-known fact that the value of cryptocurrencies are very volatile, crypto traders and holders typically have to worry about fluctuations in their tokens' prices constantly. The need to protect people from exposure to unfavorable price fluctuations is what gave birth to Helmet.Insure.
Helmet is a decentralized protocol implemented on the Binance Smart Chain (BSC). It was developed using Options Trading Logic, and it seeks to permit anyone to create an insurance policy - which essentially is a price-fluctuation shield. These policies are structured such that any interested party can meet the terms of the policy and acquire a form of hedge against adverse changes in the price of a crypto asset. Helmet.Insure is designed not to be limited to any particular De-Fi platform, supporting cross-platform interoperability. Helmet is particularly useful to holders of crypto assets, who, rather than hold their tokens and risk depreciation of its value, can take an insurance policy that would cover any potential loss due to a downward change in the price during the policy period.
In line with the nature of Decentralized Finance, there is also a need to decentralize insurance such that any De-Fi user can provide a price-fluctuation hedge for other users, eliminating the need for centralized institutions. The Helmet protocol was developed to be a De-Fi tool that will enable anyone to accomplish that.
In the Helmet ecosystem, the insurance policy creator is called the Policy Supplier while the subscriber to the policy is called the Policy Holder. The policy specifies the percentage of the price of the asset covered.
Say, for instance, that a particular policy provides 50% coverage at a policy price of 2.25BNB, the premium is 0.1 BNB, the cost of 1 HELMET is 4.5BNB, and a holder ensures 1 HELMET token. If after some time 1 HELMET drops in value to 2BNB and the holder decides to activate the policy, he will get back 1 HELMET at 2.25BNB hence shielding himself from losing 0.25BNB. A detailed guide on how the Helmet insurance policies operate and the types of policies available can be found here.
Four basic elements define a policy:
Denominated Asset: this is the amount of a crypto asset that the policy supplier pledges as collateral for claims' settlement.
Underlying Asset: This refers to the crypto asset, paired to the denominated asset, that a policy buyer intends to insure at the payment of a premium.
Policy Price: This refers to the agreed exchange rate of the underlying asset relative to the denominated asset, which will be executed when the holder activates the policy.
Insurance Period: The duration of time in which the price insurance is active, allowing the holder to claim the policy.
A description of other helpful terms necessary to get you started in helmet.insure can be found here
The governance token of the Helmet.Insure ecosystem is HELMET. It has a total supply of 100 million and is issued by Helmet.Insure. 50 million HELMET tokens will locked in a smart contract for one year, while the remaining 50 million HELMET tokens will be issued within the first year of launch with the following token distribution:
--10% (10 million) for Initial Farm Offering (IFO)
--27.5% (27.5 million) earmarked for the HELMET community
--5% (5 million) is to be reserved for the Developer fund. It will be farmed and locked for one year.
--7.5% (7.5 million) will be used for partner with BSC ecological construction.
Holders of HELMET possess the right to purchase insurance policies with the token, participate in community votes and governance, and receive commission dividends.Currently, HELMET is listed on Pancakeswap, Hotbit Exchange, and MXC Exchange, with more listings to come. An overview of the market performance of the token can be seen in the project's Coinmarketcap page.
The Helmet team has partnered with PancakeSwap to create ample liquidity for the Helmet protocol, while simultaneously rewarding users with liquidity incentives. This system allows Helmet to bootstrap both liquidity and users through offering additional Helmet incentives. Currently, users can supply liquidity using Helmet/BNB or Helmet/ LONG bootstrapping both liquidity and policy minting.
For more information regarding Helmet liquidity mining refer to the following:
So far, the project has achieved the following milestones,
1. Very successful Initial Farm Offering (IFO) on Pancakeswap that exceeded sales targets.
2. Partnership with a top blockchain security company, Certik Foundation.
3. Helmet has been integrated into popular crypto wallets such as SafePal, MathWallet, Bitkeep etc
As part of ongoing efforts to grow the project, plans are to list on more exchanges and increase liquidity to all users.
Further details of upcoming activities and collaborations can be found here.
All in all, Helmet.Insure is a welcome addition to the options available to DeFi users. The potential of the project is immense.
For more information, take a look at the project's media channels.
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