How to Participate in Helmet IIO of Paul Protocol
I guess many of you have already heard about our IDO news from our Twitter:
Helmet.insure will arrange its official IIO campaign for Paul Protocol this Thursday !!!
IIO is a token offering/distributing model to HELMET LP holders through the European option trading logic. Investors could access to the option token (itoken) of IIO token, which can be activated/swapped into the IIO token in ruled time period.
🎉🎉🎉 We are excited to announce that Paul Protocol will LIVE on Helmet #IIO!!! PLUS, iPAUL will be the option Token launched on Helmet.insure ⛑️⛑️⛑️
Besides, we add a new part to our IIO Campaign — Quick AMA 🎁
Helmeters could know more about our IIO projects by some specific questions. Plus, there would be sweet rewards for great questions.
⏰ Quick AMA with Paul Protocol: May 30th 21:00 SGT
👉🏻 Venue: https://t.me/helmet_insure
Let me start with the key points, which you’d better keep in mind:
1. HELMET-BNB LPT (PancakeSwap) +Ticket are required. If you already STAKE in HELMET-BNB LP (PCS) Pool, you just need to pay for the IIO ticket to participate;
2. You could check your iPAUL real-time share and start mining your iPAUL after paying for the ticket;
3. Tickets ($HELMET) from IIO participants will be burnt forever;
4. ⚠️ You could only get $PAUL by activating/swapping iPAUL during June 2nd 22:00 SGT — June 3rd 22:00 SGT.
PAUL Info
IIO PAUL Supply: 100,000,000
iPAUL activate/swap formula: 1 iPAUL+0.002 BUSD Swap 1 PAUL
iPAUL Distribution: May 30th 21:00 SGT — June 1st 21:00 SGT
⚠️Activate/swap iPAUL period: June 2nd 22:00 SGT — June 3rd 22:00 SGT
IIO Ticket: 1 $HELMET
What is iPAUL
iPAUL is the certificate to swap/activate for PAUL. Only users who hold iPAUL could get PAUL during June 2nd 22:00 SGT — June 3rd 22:00 SGT.( ⚠️iPAUL cannot be activated before/after that time period)
iPAUL activate/swap formula: 1 iPAUL+0.002 BUSD 👉 1 PAUL
⚠️The lifetime of iPAUL is from June 2nd 22:00 SGT — June 3rd 22:00 SGT. Please be sure to activate the iPAUL within the validity period.
Entire procedures:
😊 Before IIO
- You need ready HELMET and BNB tokens and get HELMET-BNB LPT by adding HELMET-BNB liquidity on PancakeSwap;
2. STAKE your LPT(showing Cake-Lp in your wallet) into HELET-BNB Combo Mining Pool. ( You could enjoy CAKE 🍰 & HELMET ⛑️ dual rewards with 200%+APR at the same time)
Tips:
⚠️While you are holding HELMET-BNB LPT, you will be at risk of Impermanent Loss.
⚠️If you already STAKE in HELMET-BNB (PCS) Combo Mining Pool, our smart contract will capture your LPT info automatically.
2.😊 May 30th 21:00 SGT — June 1st 21:00 SGT (During IIO)
- Go to BUY IIO Ticket after May 30th 21:00 SGT : https://app.helmet.insure/#/iio
2.You could check your IIO real-time share and start mining your iPAUL. You could claim your iPAUL anytime you want.
Tips:
⚠️ iPAUL is tradable, please be cautious of the slippage and do not trade heavily on iPAUL.
⚠️ You could add your HELMET-BNB LPT if you expect more IIO share.
⚠️ If you withdraw some of your LPT during the iPAUL Mining, your IIO share would reduce correspondingly. (real-time change of iPAUL share)
3.😊June 2nd 22:00 SGT — June 3rd 22:00 SGT (Activate/swap iPAUL )
To get PAUL by activating your iPAUL with this formula:
1 iPAUL+0.002 BUSD Swap 1 PAUL
( You need to prepare enough BUSD in your wallet to complete this swap
If you have enough BUSD to activate iPAUL, just click the ‘Activate’ button and the whole swap would be completed through our smart contract.)
Tips:
⚠️ Please remember to activate your iPAUL during June 2nd 22:00 SGT — June 3rd 22:00 SGT, otherwise they would be expired!!!!
⚠️ If iPAUL expired, you can not swap them into PAUL never!!!
Done! GOOD JOB!!!!
👏👏👏
Will I lose my HELMET-BNB LP for getting new IIO Token?
There will be no effect on your LPT in the pool, since Helmet team will only scan your LPT Share to calculate your real time iToken share.
Participants will mine iToken and swap them by BUSD to the IIO Tokens after the sale.
PLUS, in the period of IIO, you’ll also enjoy the dual-rewards of HELMET-BNB LP Pool.
OK, well done.
Please get prepared my friends. Hopefully I’ll see you during this IIO campaign. Cheers!
