Helena financial is one of the newest tokens making the right noises in the market right now. Not many investors know this token yet, this is because, the token has not been making appearances on the trending or top gainers list. However, the token has been drawing the interest of many investors. The truth is that, I got to know about Helena financial token because, many commenters have kept on talking about the token on coin market cap. A look at the token, convinced me to right a review of Helena Financial token. .
We are going to be checking whether the token is legit or whether it is another dressed-up scam like the Squid Game toke. So, if you just discovered Helena and you are looking to invest. Or maybe you are curious about Helen, this review is for you. For those who are already holding Helena token (I understand why your demography can be very sensitive) Try to read the review with an open mind. Before we get into the main review, however, we first need to establish an understanding.
“I’m not a banker or a financial expert, I don’t even consider myself a crypto “expert” (whatever that means). I will not be held responsible for your financial decision. Crypto investments, especially meme coin investments are high-risk, high-reward ventures. This article is just a guide, consider it alternative entertainment.”
With that said, let’s go!
What is Helena Financial Token?
According to coin market cap, Helena Financial leverages an intricate arrangement of elements to help manage costs and rebase rewards. Likewise, it utilizes game hypotheses and the human instinct to decide the most probable outcomes for those who purchase the token. The Nemesis team has carefully integrated these components to work consistently in the background to ensure a “basic and exquisite staking and rewards framework” for HELENA holders.
The above quote is a rather complex definition of the protocol. We however find out that the token is a token. For those who do not know, a rebase token or elastic, token is a cryptocurrency whose supply is algorithmically adjusted in order to control its price. Similar to stablecoins, rebase tokens are usually pegged to another asset. But instead of using reserves to maintain the peg, rebase tokens automatically burn tokens in circulation or mint new tokens. From experience most rebase protocol and their tokens usually start well and later come to zero. But I’ll give this one the benefit of doubt. Let’s go on to review Helena’s website.
Helena Token’s Website
Helena’s website is ugly. Merely looking at the you can tell whoever put the website together has issues with putting colors together. However, I like the fact it is SSL secure and fully optimized for different device viewports. The description begins with a unique headline.
“The Best in Space Auto-Compounding DeFi 3.0 Protocol on BSC”
For those who are new to crypto investment and Defi protocols. I’ll explain what Auto staking and auto compounding are below. So you fully understand what the above quote means.
For you to understand Auto staking, you first have to know what staking is. Staking in crypto is the process of locking up (for a particular period) crypto holdings to obtain rewards or earn interest. Usually, staking is seen as another option to earn when investing in Defi projects. However, with Helena token and its auto staking feature, that option has been removed. From the second you purchase Helena token, you immediately earn Staking Rewards.
Compounding is the process in which an asset’s earnings (in this case titano’s earnings), from either capital gain or interest, are reinvested to generate additional earnings over time. What this means is simple. Gains from auto-staking titano are automatically reinvested to generate even more rewards for investors.
The website went further to let us know the “BIG” promise. According to the website, Helena token offers the highest APY –1,000,365% APY. That’s a mouth dropping million+ percent. You know, I thought I had seen it all with Titano finance, but what do I know.
The 1,000,365% APY is beyond crazy. It is just too good to be true. For those who do not have any idea what an APY means. An APY is Annual Percentage Yield. APY is the real rate of return earned on an investment, taking into account the effect of compounding interest. It is this “unbelievable” offer that only attracts the absolutely greedy, helena Coin hinges its marketing on. We will be examining the fixed APY in the latter part of this review.
The website continues by subtly trying to convince visitors that it is legit protocol. The first link they provided is that of a KYC done on ‘Assure Defi’. Which is a KYC firm I have never heard of. The second is an audit by solidity finance. The claim a certik audit is coming soon.
The rest of the website looks like a brainwashing attempt by youtube videos from youtube influencers. The list of paid reviews embedded on Helena’s website is disgusting. You do not need to einstein much to understand that those YouTubers were paid to make and shill these tokens to their audiences.
Helena Token’s Tokenomics
In the tokenomics, we get to learn that
$Helena is a BEP-20 token. Investors are charged 13% of their investment on buying Helena. This is how the tax is used. 4% is automatically sent to the liquidity pool. Another 4% is sent to what the developers call the Hellenic Trust. An additional 4% is sent to the marketing wallet. While 1% is sent to what the developers termed supply control. The same tax structure is applied whenever an investor decides to sell, however, an additional 6% selling tax is leveled on the seller. This sums the selling tax up to 19%.
In my opinion, this tax system is high. But, you can excuse the token for that because the whole point behind it is built around taxing investors to reward investors that are ‘holding’.
Helena Token’s White Paper
Helena’s white paper takes a web-based format. Unlike the regular, downloadable pdf (where anyone can download it), Titano token white paper lives on the domain, https://helena-financial.gitbook.io/helena-financial-whitepaper/. The whitepaper contains many pages, which honestly are too many for me to go through in this review. I however will talk about some key pages. The whitepaper begins with an overview. According to the white paper,
“Helena Financial is positioned to redefine the DeFi space with its new and improved AutoStaking and AutoCompounding mechanisms. It provides an alternative monetary convention that simplifies the staking process, maximizing the stable returns that $HELENA token holders receive.”
I believe you understand what the above means because it is something we have gone through. Through the white paper, we get to know that Helena Financial plans to launch it NFT in June. We also got to know that After 45 Days, users of Helena Financial will decide the APY adjustment of the protocol to provide $HELENA token holders with continual compound interest in perpetuity.
Now, this is where the problem is. Before I go on to explain what the above means. You first have to know the difference between a fixed APY and Perpetuity. A
fixed APY is a type of APY that does not change during the term of an account. While a perpetuity APY is a type of APY that pays for an infinite amount of time.
What all these means is that, after 45 days, the 1,000,365% APY, will have to be renegotiated by the Helena ‘DAO’. This is because, the big promise is unsustainable and can be rightly called a scam. The rest of the white paper is simply gobidigork (whatever that means).
Market Cap and Liquidity Pool
According to Poocoin.app, Helena token’s market cap is $$8,320,242. This market cap is still very small. It is however, a fair market cap for a token that is barely a month old. it hasn’t grown much as titano, however it is growing. It is a sign a good number of people are already in this project and holding.
Also, the liquidity pool is estimated to be worth $1,322,101 according to poocoin.app. At this time, this is a very good liquidity pool. According to tokensniffer.com, The liquid The number of holders is gradually climbing up. Helena currently has about 5000 holders, which is impressive.
Developers Behind Helena Token
The developers of Helena are unknown. Some people will want to pretend that this is not a big deal by citing Shiba Inu and Bitcoin. But my dear, with the control the developers have on Helena, and its Ponzi scheme esque tokenomics? This is a big deal and a red flag, even as they claim to be have undergone a KYC.
What investors are saying about Helena Token
On youtube, there is a general sense of “although we know this project cannot be trusted, let’s just put what we can afford to lose and see”. Which in my opinion is gambling and not investing. But we all know there’s a thin line between the two. Many seem to recognize it as a Titano fork. Anyway, here are some screen shot of what people are saying in the token.
On their twitter handle, the folks under their handle are looking for business or marketing partnerships.
After going through everything (almost everything) about this token. I can say that Helena protocol (token) advertised an unsustainable model as a marketing tool to lure investors. Although, they recognise that Helena will crash after sometime, so they have a plan to renegotiate the APY, after just 45 days. Like a pyramid scheme Helena token has no real use-case, it will benefit the ‘early’ investor who will become staunch fans that will get in more people to invest. But at the end of the day, it will crash on folks who came late to the party and life will go on. Think about it, with its function, will this token ever be listed on Centralized exchanges? Thinking of investing in this project requires you to trust the developers (You do not know) completely. That’s why I think the folks that see it as a gamble are right. This is not to discourage you from investing in this token. If you know your way around coins like this, by no means invest. But if you are new, stay away from tokens with this nature.
If you got value from this website do me a favor by subscribing to my YouTube channel. I just started the channel. And your support is needed. Let me know what you think in the comment section.