We are pleased to announce our next AMA on June 9th, 2022 at 01:00 PM UTC Time: Satoshi Club x Helio Protocol
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Helio Protocol Telegram channel
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Helio Protocol Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Helio Protocol
For more details:
Helio Protocol Website – helio.money
Helio Protocol Telegram – @helio_money
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello Helio Protocol!
Helio Protocol comes up with a revolutionary USD stable coin backed by BNB. After the crash that happened to Terra chain’s stable coin ($UST), there has been lots of questions as regarding the credibility of stable coins. In this regards, can you highlight how you aim to make the $HAY stablecoin a solid one that will stand the test of time and stand comparable to flagship stablecoins such as USDT and USDC? On what utilities is the $HAY stablecoin based? If the price of $HAY goes above or below the peg value of $1, how do you intend to bring $HAY back to it’s peg value of $1? Is $HAY an algorithmic stablecoin?
Hello Helio Protocol Team!
Apart from the stablecoin ($HAY), I understand that the platform has a governance token ($HELIO token). In this course, clearly highlight the various use cases of the $HELIO token within and outside your platform. What is the connection between the $HAY and $HELIO tokens? Give details on how to go about staking these tokens: what is the minimum required number of Stackable tokens? What APY is tied to staking/farming $HAY and $HELIO tokens? How will you ensure that the volatile coin ($HELIO) will maintain value regardless of the unfavourable crypto market situations attimes? Are there token burn/buy back functions?
Hello Helio Protocol Team!
One of the functionalities of the Helio Protocol platform is that is allows users to collaterize their assets (BNB) to borrow $HAY. Is there a set minimum or maximum amount of $HAY that can be borrowed? Upon borrowing of $HAY, how will the interest rate and repayment amount be calculated, is it fixed or is it subject to changes? Kindly guide us through the steps needed to borrow HAY. I had also seen that there are borrow rewards; can you give more details on this? What sort of rewards will users get for borrowing HAY? How do I withdraw my collateral after repaying the borrowed $HAY?
I noticed that some of the exceptional functionalities of Helio is that it allows users to Collateralize their assets — BNB — to borrow $HAY, Borrow $HAY and Repay the borrowed HAY + interest. Can you kindly provide the necessary process involved in borrowing $HAY? What are the requirements for a user to be eligible to borrow? Are there other coins we can set as collateral to borrow the $HAY token? Is there any need for a KYC? With the current trend in the crypto market, since Helio is integrated into the BNB chain ecosystem, Does the dip of BNB affect the value of the $HAY token? What are the interest rates demanded when paying back borrowed $HAY tokens?
From your roadmap, I noted in your Phase 2 the Launch of Helio community governance which will adopt the $HELIO token as it’s governance currency. As the proper governance of an ecosystem brings better growth. Can you enlighten us on how the governance will work in the Helio ecosystem? What are the kind of decisions can the DAO members vote on? Can you give us more information on the $HELIO token? What are it’s utilities apart from being the governance token? What are the requirements needed to join the DAO governance? Will all members of the government have equal voting power regardless of how much $HAY tokens they posses? What plans do you have in mind to make sure the votes are equal?
After reading about your platform, I learnt that Helio stablecoin is called HAY, and that it is over-collateralized with BNB tokens. Now, knowing that in other To obtain HAY, a user will need to provide BNB collateral and borrow HAY against it. With this giving information, i more curious to know what you meant by “OVER-COLLATERIZED”? And since The HAY is a Stable Coin, Can you please tell us more about how it Maintains its stability against the USD? How is its peg Protected? Can you please explain its stability mechanisms against the USD? in addition, what could possibly be the solution when the price of the HAY falls below the USD? thank you.
A lot of regular, hardworking people lost money because of the The Collapse of UST and LUNA, over the last few weeks or so. Some people lost all of their money, i happen to fall victim of the Crash as well, and although, While money isn’t everything, losing a lot of it sure does feel like its the End. So due to this reasons, A lot of people are now Scared of Investing their money on Most of the Unpopular Stable coins out there, but Regardless, Life has to move on, and we also have to find other means of Stability, so, my question here is this: How are you going to ensure that you Stablecoin lives up to its expectations over a long period of time? What could be the Advantage in investing in your platform for the Long Run? Thank you
From your roadmap, you said you will increase HAY adoption and in phase 2 you mentioned you will expand Helio protocol to multiple chains. Can you explain ways that you are going to increase HAY adoption. Personally i think partnership is one way to increase adoption, so do you have any partnership so far or planning to? What organization are you presently partnering with or planning of partnering with and how will or have these organizations help increase your adoption of HAY smoothly elevate Helio? Also saying of expanding Helio to multiple chains,on what chain is Helio currently built on and what are other chains you will like to expand Helio to and why?
Hi Helio Team – From your “Mechanics” , HeLio functions as a set of smart contracts that interact with other blockchains and contract by replying on its own smart contracts, etc. I’m curious to know, please tell us, what is the cost of gas fee users of HeLio Blockchain has to pay when interacting from your Blockchain to other blockchains, and what Token do users need to pay gas fee like (BNB) for the interaction that takes place between HeLio Blockchain and other Blockchain ? Lastly, HAY as i read is stable coin the user can borrow from HeLio, could you please explain to us the use case of HAY in your ecosystem and elaborate the Nexus between “HeLio Token” and “HAY” ? Thanks.
I read HAY base yield will have two main sources,”borrowing interest” and “yield generated from proof-of-stake”. Can you give detailed explanation of these two main sources of HAY base yield? How does the proof-of-stake work in Helio for generating yield and also the borrowing interest? Also you are planning of using Native tokens of various DeFi protocols to influence rewards emission and also enable other DeFi protocols to build on top of HAY. Can you shed more light on this. How will the native tokens of other DeFi protocols help influence reward emission of Helio? Why do you decide for other DeFi protocols to be build on top HAY?
You had announced on twitter that Helio’s testnet App is out. Who is eligible for the test? Is it opened to every one or just a specific number of users? Can you give us a description of the testnet in terms of functionality, effectiveness, Scalability and throughput? How has the assessment been so far? When is the forecasted time for the mainnet to go live and what advancements should we expect to see as compared to the testnet?
My Question is pertaining how you aim to protect the pegged value ($1) of $HAY. In protecting the peg value of stable coins, there are two necessary conditions to put into consideration which are;
– when the stable coin goes above the 1$ peg
– when the stable coin goes below the 1$ peg.
Tell us about the various actions that will be initiated to bring the stable coin back to 1$ incase it goes above or below the pegged value at any point in time. You had mentioned that HAY is an over collaterized stable coin: what does over collaterized mean and how does it pose and advantage for the stable coin as well as to the users who will be adopting HAY’s use?
Helio ($HAY) promises to maintain sustainable returns without compromising stability and according to several posts on your Twitter, it is very important for you that the community understands how the 1:1 pin of $HAY is protected, so for those of us who are just getting to know the project could you explain the different scenarios that could happen around $HAY and the strategies you have designed to protect it and finally tell us, what would be the use cases of $HAY and how many ways it can be obtained inside and outside the Helio Protocol?
I read that Helio Protocol, claims to have the revolutionary USD Stablecoin backed by BNB, but just as you claim to have a “revolutionary Stablecoin”, many other projects in the past also claimed to have the same and at the end of the day, they were not as revolutionary as they claimed, so I would like to ask you, why is $HAY different, how can you guarantee performance, how can you prove that your protocol is authentic, unique and has features that really allow you to offer benefits, even if $HAY is less than $1?
Helio Protocol have incorporated Proof-of-Staked Authority (PoSA) consensus mechanism on it platform.So since you use this mechanism will you allow those who wish to become a validator in Helio reveal their identity?How will you get to know to know a trustworthy validator?What form of identity will you require from any who wished to become a validator?Will validators have to stake $HAY and $BNB and are all validators eligible to validate transaction or just active ones?Please tell us the numbers of active validators in Helio. Thanks
$HAY being the stablecoin of Helio and it is over-collateralized with BNB tokens.I want to ask about $HAY collateralization ratio and collateral quality,So $HAY token is currently collateralized at what percentage and what is the minimum collateral ratio % and is the collateral ratio transparently maintained?Also the failure of TerraUSD prompted from warnings across the cryptocurrency sphere that algorithmic stablecoins may not be sustainable.So can you tell us the methods you have implemented to ensure that $HAY is sustainable?And have you gotten any legal stablecoin regulations from governmental authorities for $HAY?Please explain Thanks
Hello, Helio Protocol team.
I am sure that you worked on your project before the story of the collapse of Luna and UST. After all, at the moment any algorithmic stablecoin poses some danger to holders. Even taking into account the fairly stable position of BNB in the current market, it is still quite risky to issue a stablecoin, albeit under excess collateral. You state that the maximum you can borrow a stablecoin in the amount of 80% of the current value of the collateral, in this regard, I have a question. By how many percent does the current collateral exceed the number of $HAY stablecoins issued?
Hello, Helio Protocol team.
I am sure that you worked on your project before the story of the collapse of Luna and UST. After all, at the moment any algorithmic stablecoin poses some danger to holders. If we assume such a situation that the strongest pressure will be exerted on the BNB token at the same time and a de-correlation will occur, does your team have reserves to compensate users?
I read that you said “You see, there are a lot of problems with existing stablecoins and we created Helio Protocol for this” for your reason for establishing the Helio Protocol, can you tell us how Helio Protocol handles current stablecoin problems and your solutions? ? Could you tell us your reasons for choosing BNB, the only crypto asset used as collateral for the issuance of $HAY, and why the Helio Protocol was built on BNB? Why would a user deposit BNB to borrow from Helio Protocol, what is the total amount of $HAY users can borrow?
Hello, Helio Protocol team.
Your roadmap indicates that one of the goals of the project is to expand to other chains, as well as the use of other tokens that use PoS technology to provide. In this regard, I have a couple of questions, what other tokens in BSC do you plan to use as collateral? What is the next blockchain you have first on the queue for integration?
Looking at the market, we see that among different stablecoins, over-collateralized stablecoins are the most sustainable, we can prove this by making an example with MakerDAO’s DAI. So, what are the similarities and differences between the $HAY token’s system and the $DAI token’s architecture? Is the $HAY token being “over-collateralized” the factor that will make it sustainable in the market?
The protocol is built by DeFi and smart contract experts with the goal of positioning the revolutionary world-class HAY Stablecoin as the most widely used decentralized stablecoin protocol, leveraging Proof-of-Stake (PoS) rewards, liquid BNB staking and performance. Can you please explain Proof of Stake (PoS) in detail? What kind of rewards does PoS offer? What are its advantages and benefits?
Helio Money aims to help promote blockchain technologies into mainstream adoption by incentivizing borrowers and participants to become part of a new decentralized economy of scale. What blockchain technologies are promoted by Helio Money? How does Helio money incentivize borrowers and participants to become part of a new decentralized economy of scale? Benefits for these users?
It came to my attention that you mentioned that among the various stablecoin models, Over-Collateralized stablecoins are the most sustainable and MakerDAO’s DAI stablecoin is an excellent example. First of all, can you give some information about the “Over-Collateralization” method? What are the benefits of Over-Collateralization for your ecosystem?
I read that you mentioned the similarity of architecture of $DAI and HAY. So, why would the $HAY token be needed despite this similarity? Since MakerDao is a project that has been launched before you and is developing its ecosystem, is there any more innovative feature to the adoption of $HAY than $DAI in terms of competition?
Also, how can $HAY holders generate returns?
Helio works as a set of smart contracts that interact with other blockchains and contracts. It is based on its own smart contracts and also uses a fork of the MakerDAO smart contract suite. How does the Helio Money mechanic actually work? What are MarkerDAO smart contracts? What is the fork of the MakerDAO smart contract suite used by helio money?
Collateral ratio is the percentage of the user’s collateral value ratio that determines the maximum borrowing limit for the user. Current value is 75% from the collateral value. My question goes like this; Is the collateral value ratio constant or it will change in the future? If it will change in the future, What are the market factors that affect the collateral value ratio? Also, it was mentioned that Collateral ratio is used in triggering the liquidation process when the borrowed HAY value becomes higher than the 75% of the user’s collateral value. Please can you elaborate on the liquidation process? Why will the collateral value trigger the liquidation process when the borrowed HAY value exceeds 75%?
The Helio.Money protocol, powered by the BNB chain, features an innovative architecture for minting stablecoins. Helio’s stablecoin is called HAY and is over-collateralized with BNB tokens. To get HAY, the user will need to provide BNB collateral and borrow HAY against it. How is the Helio.Money pin protected? How does the price stability mechanism work when the price of HAY is above USD 1.00? How does the price stability mechanism work when the price of HAY is below USD 1.00?
Among the various stablecoin models, overcollateralized stablecoins have been shown to be the most sustainable. MakerDAO’s DAI stablecoin is the perfect example, and the architecture of $HAY is similar. Can you explain what overcollateralized currencies are? What is the difference between Helium $HAY and MakerDAO’s DAI stablecoin? Advantage?
I understand that rewards are calculated dynamically and are the product of rewards rate and total user’s debt in Hay. Could you please elaborate on the reward mechanism adopted by Helio protocol and the advantages it offers the platform? Could you shade more light on the fee(tip) and dynamic% (chip) for initiating the liquidation process? Can you elaborate on the Dutch auction and How users can partake?
Helio’s smart contract was created by some of the best developers in the industry and has been audited by five of the world’s leading smart contract auditing firms. Additionally, Helio maintains a bounty program for bugs discovered in its smart contracts. Can you provide detailed information about Helio’s bug bounty program? How to participate in this program? Requirements? Benefits for the participant?
HAY’s performance comes from the Helio pool of income, which is derived from HAY’s loan interest and the collateral that is being staked on the Helio protocol. over-collateralization nature of the Helio protocol. How can I get performance with $HAY? Rewards to get? Benefits?
To decrease HAY borrowing demands, Helio will increase HAY borrowing interest which In turn increases HAY farming rewards.Whats the actual interest rate charged from a borrower if the demand for HAY is high?And to what percentage will it be increased to,if you aim to curtail the demand of HAY?What the current APY of HAY? Explain Thanks
Hi team Helio protocol
To increase HAY adoptions you plan on partnering with DeFi protocols on BNB chains and using native tokens of various DeFi protocols to influence rewards emission.Can you share with us some of the big brands you plan on partnering with?Are you in talks with them already?Or they’re already onboard?How will partnering with this brands boost the growth of your exchanges?
could you tell us about the governance of the Helio Protocol, I understand from the information provided on your website, that by owning $HAY token, we have the right to be part of the governance of the Helio Protocol, but could you tell us, how many tokens must a user own to be able to participate in the decision making, and tell us, depending on the amount of $HAY tokens, our vote will be more important? Or, will each holder, regardless of the number of $HAY tokens, have the same voting power, could you clarify this doubt and give us more details of the governance design of the project?
tell us a little about the security systems currently implemented in the Helio Protocol, tell us which external company is in charge of security or what technologies you have acquired to protect the protocol from hackers and tell us about the audits you have performed so far, how you demonstrate that your smart contracts are safe to use and finally tell us are you planning to continue investing in the security of the project, not only to protect your users and assets, but also to protect the image of the project, if so, tell us what actions you are taking to achieve this?
I understand that Helio Protocol’s primary goal is to enable high yield in a sustainable manner, allowing most users to benefit from the higher money velocity of crypto markets. Can you tell us more about the Helio Protocol and its working Mechanism ? What features and competitive advantages make Helio Protocol unique over other Projects? As your project advances, what are some of the Major Plans you have for the future and What is your next goal for Helio Protocols? Marketing is a central tool for every project to attracting more users and investors. What arr your marketing strategies to Attract New users and investors to your project?
HELIO token is the Governance token of Helio Protocol. Can you give an overview of HELIO token, its functionalities and Use cases on Helio Protocol? What is the total supply of HELIO token? What are the benefits / advantages for investors who Hold HELIO token for a Long term? Do you have plans to Add burning Mechanism for HELIO token in the future ? Will token Holder have Governance Rights? And on what rights can they vote on?
I read that HAY can be staked for sustainable yield and brought to other protocols to generate extra yield. Can you tell us more about your staking mechanism? What are they requirements to joining the staking program on Helio? What is the minimum / maximum HAY required to stake? Can users unstake anytime? Will there be staking options, like the Higher the tier, the higher the benefits? What are the Benefits/ rewards system of staking HAY?
When speaking about DeFi platforms there is a perception of great risk, as they are commonly hacked, but how is “Helio Protocol” prepared or what strategies does it plan to implement to mitigate or fully address these security issues that are present in the DeFi space?
I’m curious about the name ” Helio Protocol” . Why did you choose this name? Can you explain to everyone the meaning behind of the name “Helio Protocol”?
For A project like Helio.money where users deposit their assets, security and safety of asset is a very important factor for investors especially in terms of decision making of your Project and Also according to your audit, ownership has not been renounced yet and significant and special rights are left with admin team, with this right with Admins, how can investors have proof of trust in Helio Protocol? Are there plans to Renounce these Privileges soon and implement a Governance System/DAO to oversee special administrative controls, control flow of assets of the Helio Protocol? What are the factors and requirements for user to be able to Join DAO partake in decision making of the Helio Protocol?
Using the recent fall of algorithm Stablecoins; UST and LUNA as a case study, I noted that $HAY is a stable coin that is over-collaterized and backed by BNB reserves unlike UST and LUNA but can you explain on how $HAY as a Stablecoin regardless of market conditions will be kept pegged in Perpetuity? Can you explain how over collaterization and Backend by BNB reserves will help $HAY avoid Failing and Falling in it algorithms? Can you Briefly share on the Algorithm of $HAY and how it helps keep up with irregularities of Market?
How important is the community for you, what are the channels to maintain effective feedback and provide relevant information, do you have active local communities, do you plan to expand to countries that do not speak English, what are the ways through which the holders can earn income through $HAY?
How many people make up your team and how solid and reliable is your commitment to the development of HAY, do you work anonymously? What reasons can you give us to trust you and your ability to create a sustainable and long-lasting ecosystem despite market instability?
What are the main elements that give stability and support to $HAY, what are the greatest difficulties in creating a stable currency, tell us a little about those characteristics that are so important in Defi and so necessary for the optimal evolution of DEX such as scalability, interoperability and speed, in this sense have they been able to reach a balance point according to the nature of HAY?
I was looking at your governance model and saw that users have the ability to TRANSFER their VOTING RIGHTS. Why do you allow voting to be delegated and transferred? How will you ensure that this isn’t done indiscriminately in order to sway decisions in favor of a certain interest?
I realized that Helio will support staking, but not a normal type of staking, it will be liquid staking, so can you explain us why did you chose this staking type?
Greetings!
Helio’s smart contract was built by some of the best developers in the crypto-business and was audited by five of the world’s top smart contract auditing firms. Can you name these audit firms? Are now the audit results available? If so, could you discuss with the community how far these audits have progressed and what setbacks have been encountered and successfully overcome? Furthermore, Helio has a bug bounty program for any bugs found in its smart contracts. Please provide more information about the program. How to be involved? What participants’ description are required? Can you elaborate on the bounty system, is the award proportional to the severity of the reported bug? Thank you!
Helio’s Testnet was launched yesterday. Congratulations!
What functions of the platform are currently available, and how long will be the Testnet period? What bugs could we find in this early stage of the Testnet? Did the platform receive the response from the community they expected?
According to the mechanisms of stabilization of $HAY, when it is higher than $1, the supply will be increased, and borrowers are incentivized to mint more $HAY to sell for other assets. What will be the incentives in this case scenario? Does this mean the supply is infinite,since $HAY can be mintedi indefinitely? Also, in this case, to reduce demand for $HAY minting, Helio will reduce staking rewards. How much would rewards be decreased, wouldn’t Stakers be negatively affected?
$HAY is an USD Stablecoin backed by BNB. How can a Stablecoins be backed by a fluctuating cryptocurrency as BNB is? How would the stable coin keep it’s value in bear markets like the one we str facing? What is the strategy to be backed by BNB but not to be affected by their price changed?
Considering there are hundreds of Stablecoins on the market, what made the team of Helios create $HAY? What blank space is being filled with $HAY? Will we see Stablecoins of Helio pegged to other Fiat currencies, like EUR?
Greetings!
$HAY is Helio’s stablecoin, which is over-collateralized with BNB tokens. BNB is the only crypto asset utilized as collateral in the minting of $HAY. As a result, users must deposit BNB before borrowing $HAY on Helio. My question is, what is the minimum and maximum quantity of BNB tokens that should be deposited? Which wallet is required to use? Can you tell us about all of the $HAY token’s gainful potentials and benefits while holding it for a long time? What makes it comparable to the MakerDAO DAI token and other stable coins?
Under certain market conditions, the lack of asset backing puts stable algorithmic currencies at risk of delinking. My question is, what are the key differences that make $HAY a safe token regardless of market conditions? Regardless of market conditions, will there always be enough BNB reserves to keep $HAY pegged in perpetuity? Thank you!
I read that there are two price stability mechanisms depending on the value of the $HAY relative to the USD, and two scenarios arise: When the HAY price is above USD 1.00 and When the HAY price is below USD 1.00. Can you explain for us how this stability system works and why it depends on the price of the $HAY token at that moment? What aspects vary in each situation and how this will help generate profitability and confidence for holders and new users of $HAY? Thank you!
Greetings!
The Testnet App is available in your website. Can you provide more information on how to access the Testnet App? Which wallet must need to connect? What are the options for obtaining Testnet Tokens? Do we have to pay a gas fee if we do any transaction in the Testnet? Do you give rewards to users who are interested to connect their wallets and try the demo? Until when will the Testnet App be available and when will the mainnet be launched?
Thank you!
HAY will create a new DeFi and stablecoin infrastructure on the BNB ecosystem. I am a victim of Lunc crash, how is HAY different from terra? Aside from Helio being the reward token from minting HAY, what other usecase will helio have?
Helio’s smart contract was created by some of the industry’s best developers, and it was audited by five of the world’s leading smart contract auditing firms, these 5 auditing forms weren’t mentioned, may we know what firms are these and when did Helio got audited?
Aside from this, can you introduce to us your core team? Are your team doxxed? All the best for Helio!
The Testnet of Helio Protocol is available now & I tried to connect my trust wallet to your Testnet. But it will not allow to connect the Binance Chain. Why is that, Is it a test net fault or issue from my side? Actually, I was to try out the Farming pools of Helio Protocol using Trust wallet. Can you show me how to do that? In which manner will I stake my $BNB in Helio Farming Pools? By the What are the privileges that I will aquire by testing the farming pools in Testnet of Helio Protocol?
While going through your articles, I understood that $HAY is a stablecoin pegged in to $USD. Recently, $UST has faced a crucial situation & vanished away from crypto Sphere. So, How do Users gurantee that $HAY stablecoin will not face such a miserable situation in this bear market? What kind of methods & strategies will you deploy to avoid these circumstances? However, There will be two scenarios on $USD pegged stablecoins. First one is $HAY’s price will be over 1.00 $USD & the second is $HAY’s price will be below 1.00 $USD. Please explain how will you manage the $HAY’s price fluctuations & volatility on mentioned above scenarios? Will you reduce the supply of $HAY or Reduce the Farming rewwrds?
I would like to know more about Helio Protocol’s Liquidation model. I know that the collateral ratio is 75%. Does this mean if I provide BNB worth of 200$, I can get 150 $HAYs? And also, tell me the interaction between the Liquidation model & Borrowing feature? In which manner will both of liquidator & borrower be benefits at the same time in a dutch auction? Please explain us how to involve in these features & get rewarded as a liquidator or Borrower?
I understand that HELIO token is the governance token of Helio Protocol, governing Helio Revenue Pool Distribution and Helio Token Incentives. Can you elaborate more on Helio Revenue Pool Distribution and Helio Token Incentives? What are the requirements for users to benefit from Hleio Token incentives programs? Are there any minimum amount of Helio Token users must hold to participate in Helio Governance Protocol?
I noted that Borrowing interest for borrowed HAY is currently fixed amount set by Helio, are there any chance that this Borrowing interest may be affected by the rising and falling of the Crypto Markets? You also mentioned on Liquidation Penalty, can you elaborate on Liquidation Penalty and how it works? What roles does liquidation Penalty Plays in the General sustenance of Helio Protocol?
Helio Protocol adopt the Proof of Stacked Authority (PoSA) consensus mechanism. I am familiar with PoS (Proof Of Stake) mechanism. So, What is the PoSA consensus mechanism & Why did you choose the POSA consensus mechanism? How about it’s scalability & speed of this consensus mechanism, Will it consume more electricity than POS consensus mechanism? Is it helpful to develop the Helio ecosystem in multi chains?
Though I tried to discover about $HELIO token which represents the native token of Helio Protocol project, I was unable to find it’s tokenomics. Can you show us it’s allocation for the variety of Purposes, like For fundraising, Marketing, Staking etc..? I know that $HELIO will be used for rewards in Yield farming. What are the other use cases of $HELIO other than the rewards? Also, projects based on BSC use the deflationary mechanism in to their token contract. How about the $HELIO token in this case, Is it a deflationary token? And also explain about the transaction fees which will be incurred on $HELIO token buying & selling, On what purposes will you input the transparency fees within the Helio Ecosystem?
In between Phase 2 & Phase 3, Helio community governance will be launched according to the roadmap. Can you give us details in a nutshell? I read that the $HELIO native token will be the Governance token to enter the governance community. How much is the minimum amount of $HELIO tokens that users should in their wallets? What will be the advantages those who involve in governance? As well as tell us, In what way will the governance module be implemented, is it implemented through voting or any other mechanism?
I read that Helio is A Stablecoin called HAY, but It is known that Stablecoins offer the simplest version of this promise – a promise of safekeeping. And while much of the discussion of stablecoins, and much of their function, has focused on their use cases as a new payment system, it is the ability to fulfill this safekeeping promise that enables all the other functionality they can offer. So can tell us more about the functions and utilities of The HAY? how safe is our funds with your platform? Lastly, is there any sorts of Benefits that is attached to holders of your stable coin?
I would like to know more on the various ways users in your platform can earn income, i learnt that you have a staking and also A Yield Farming program in your platform, can you kindly Elaborate more on them? When can we possibly make use of the Staking program? What other ways is available in your platform that Users can make use of to generate income? Lastly, knowing that your project is still in its New phase, i would like to know if you have an Ambassadorship programme available for users to apply?
According to Certik, like all software, DeFi protocols have two main software risks – coding errors, “bugs,” that may cause the software to malfunction, and security vulnerabilities that allow thieves, “hackers,” to break in and steal funds from the protocol. As an investor, it is important to be security cautious. What strategies have you employed to ensure that Helio protocol will be free from bugs as well as security vulnerabilities that may be used as backdoors by hackers and scammers to exploit users? Do you have plans of organising a bug bounty program or other security related programs so as to further strengthen the platform’s security? Can you give us details on your smart contract/security audits: who are your audit partners and how well did you pass your audit?
Entering into partnerships with established companies, that have huge numbers of users or customers, is a sure-fire way to greatly increase the number of people that know about, and can access, Helio protocol’s products or services and as well increase the project’s hype and solidity. Tell us what you already have in place in the aspect of partnership: Which big companies have you collaborated with so far in the Cryptosphere? What other partnership announcement should we be expecting to see? Tell us about your globalization plans
When it comes to cryptocurrencies, one of the biggest challenges for investors is not getting caught up in the hype. Digital currencies have quickly risen to prominence in the portfolios of many retail and institutional investors. At the same time, analysts have continued to caution investors about the volatile nature and unpredictability of cryptocurrencies. Although these unfavourable fluctuations cannot be fully mitigated, some projects have shown credibility and their tokens have maintained value even during DIPS. How does Helio protocol aim to keep it tokens valuable when an eventual cryto market crash surfaces in the future?
I am curious to know more about your borrowing feature. Currently, I maintain a good creditline on several platforms such as NEXO and Celsius, and I am used to borrow funds for my investments. Is the procedure same on Helio Protocol? Should we maintain a creditline? I read users can borrow $HAY by providing $BNB as a collateral. Are your loans over-collateralized or under-collateralized? If payment period expires, does Helio Protocol liquiditate the collateral or can we add more $BNB to adjust the time frame? Should borrowers complete a KYC process? Are there fixed minimum and maximum limits for borrowing or do they depend on the credit history of the borrower?
When the price of $HAY is below 1$, the supply of will have to be reduced and borrowers are incentivized to purchase $HAY from the market to pay back the debt. It is clear this will help to maintain the price stability. However, all of us recently experienced the LUNA UST crash. Do you think that kind of crash can be prevented by this simple step? In addition to implementing aforesaid mechanism, do you have any plans to avoid crashes? Do you have any allocation for an insurance scheme to repay the funds of investors if the project faces any unforseen situation? Please briefly explain about the utilities of your stable coin too.
I read that the rewards on Helio Protocol is distributed with $HELIO. What kind of rewards are available on your platform? Why did you design your dual mode with a stable coin and a reward token rather than creating a utility token and a reward token? I read $HAY can be staked for long-term yield and transferred to other protocols to generate additional yield. However, there is no information about the usecases of $HELIO. What are the available privileges for $HELIO holders? Further, I could not find any link between $HAY and $HELIO. Are $HAY and $HELIO inter-exchangeable? For a long term investor, what could be the best option, $HAY or $HELIO?
What could be the mission behind the creation of Helio? How is your project designed and built for real benefits and investment return to global community of the crypto investors? How will you create positive impact on people and in the digital ecosystem using blockchain technology?
Can you share the achievements and goals that the project has achieved since its Creation? what are the key goals that your project is looking forward too? Lastly,
Will the design of Your token rise and fall with the success of the platform?
There is tough competition in the market and users will be more careful while participating in numerous platforms, especially new platforms. So, as a Member of Helio Protocol, can you explain what are some of the standout features that put your platform ahead of others out there? Is this platform Global? Is your platform also open for begginers in cryptocurrency? or its only designed for crypto experts? How would you welcome non-crypto natives to explore and invest in your platform?
1. What is the advantage of Helio Protocol over other projects?
2. How many supplies will be printed and how to maintain price stability in the future so that Helio is trusted by many people
how you will solve the issue of hacking by Hacker. how you will follow the Insider your employee internally.. after all, it can drain the info or keys and the hacker will do the trick.. whether you have an insurance fund for compensation to victims. what are you going to tell people how to rejoice if there is a roadmap to regain trust? my allforyou.wallet