About HeliSwap

HeliSwap is an open-source decentralized exchange (DEX) platform that supports tokens within the Hedera ecosystem. The codebase for HeliSwap v1 is a fork of the Uniswap v2 protocol, which means some of the most popular DEX features are now available on Hedera Hashgraph.

Value proposition

HeliSwap is designed to put the community and its needs at the center of everything we do. Every product and feature we have created was built in the belief that DeFi needs to be easy to use and intuitive for everyone. Not only to ensure the long term viability of the platform, while at the same time offering a trustless, secure and transparent DeFi experience, but also to allow all members to be part of a vibrant and engaged community.

We believe that the future of Hedera is community-driven, and we’re excited to build it together -with you.

Mission & Vision

In an everchanging business landscape, it is important to identify core values and goals that a company works towards — also for HeliSwap.​

We strive to build a decentralized platform that is secure, transparent, and accessible to everyone, regardless of their level of expertise.

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To lead DeFi on Hedera, providing our users with secure, innovative, and intuitive financial services that promote privacy and fairness. We aim to create a platform that is accessible to everyone, empowering users to take control of their financial futures with confidence and ease.

Principles

1. Leveraging the intrinsic benefits of Hedera Hashgraph (i.e. high speed and low cost) to offer a premium DEX experience.
2. Continuously refining our intuitive UI that appeals to crypto veterans as well as those who are new to the space.
3. Being a trusted platform for those new to the space by providing educational material and tutorials to help guide users on every step of their journey.
4. Being a fully decentralized platform through the use of governance voting and operating as a Decentralized Autonomous Organization (DAO).
5. Operating from a community-first perspective that puts the health of the ecosystem as a whole above the individual desires of its developers.

$HELI Token

Here you find general information on the $HELI token.

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$HELI is HeliSwaps native token serving as a transferable representation of several utility functions attributed to it. This mainly includes Governance, Liquidity and Staking. It is a token built using the HTS (Hedera Token Service). The HELI token will serve as the backbone of the DAO structure while also rewarding active users of the platform for participating. We have a supply of 888,888,888 $HELI tokens allocated to different buckets. The $HELI tokens will be released gradually over the next 5 years (60 months) following HeliSwap’s emission schedule. The vesting period is linear and linked to time passed rather than blocks.

Governance

$HELI serves as the governance token of the DAO, used to participate in proposals and voting.

Liquidity

A portion of HELI tokens is used for liquidity provision incentives to reward participants of HeliSwap’s Yield Farming product.

Staking

HeliSwap offers yield returns in exchange for locking your tokens into our smart contracts. Depending on the assets staked users earn different interest in return. The HELI token can also be used on our staking platform.

Supply

The HELI Token has a supply of 888,888,888 Tokens. We do not foresee this to ever change.

As HeliSwap follows it’s ambitious plans, and advances into more complex DeFi products, there may be an unplanned and unforeseen demand for more HELI tokens. Typically, projects without the ability to mint would then need to start a “big migration” to a new token, where many community members lose a bit of their tokens, or simply do not manage to transfer. At HeliSwap, our Mission is to be user and customer friendly, and to repay the communities trust by building great things. Therefore, and with foresight, we decided to keep a supply key for the token, which can only be included when first minting, and not be added retroactively.

The ONLY WAY more tokens could be minted, is if the community creates and votes on a proposal in the DAO to trigger the supply key. There is no one team member, or few team members, who could trigger this function, as the complete ownership of the so called “supply key” lies within the community and several parameters have to be hit to trigger the key (minimum participation, % etc)