Heluss is a global insurance system built on the platform and based around the HUT , a globally tradable cryptographic and the future of risk mitigation.
Heluss will issue smart contract-secured, pseudonymous insurance policies that are region specific but backed by a global insurance fund pool. Heluss is dedicated to disrupting the insurance industry by tokenizing and gamifying insurance offerings, by utilizing the , smart contracts and AI technologies.
The team at Heluss have identified problems inherent in the existent insurance industry and aim to combat them by lowering costs, reducing fraud, increasing transparency and in creating continuous community involvement.
● Introduction of a vault (assets such as gold, silver or ) to support Heluss ecosystem and overall business valuation
The business model makes smart use of AI, the and hard assets within the H-Vault and will work on a 40–40–20 rule.
How it works
Heluss ecosystem is designed to continuously serve the community. Unlike traditional enterprises where management decisions may affect the overall enterprise value, (speculative investments which drain the liquidity, innovations which do not move the market nor drive sales), H-Vault will always work as a counter weight to market dynamics.
HUT market value is not pegged to the H-Vault; HUT is a freely tradable utility . The rules of supply and demand will set HUT market value.
Heluss’s business model, while focusing on redefining the Insurance Industry, is creating liquidity within the community. As highlighted, only 20% of the premium is allocated to platform development and operations. 40% of the premium will be allocated to the claims and reinsurance fund. It is assumed that as Heluss continues to build its liquidity positions, fewer funds will be necessary for re-insurance. Any savings will be allocated, at the company’s sole discretion, for holder bonuses, rewards, incentives, and other such means to rally community engagement.
40% of the premium will be returned to policyholders in HUT ; the funds collected are channelled into a Vault (H-Vault) to purchase assets backing Heluss ecosystem. The assets aRe predominantly gold or other stable reserves. The assets are independently audited.
HUT Utility
● Can be held for growth — H-Vault holds assets such as gold which support Heluss organization and hence HUT .
● Can be traded on exchanges.
● Can be held in to purchase future insurance products.
Products
The products offered by Heluss include Travel Insurance (already operational) and Price Protection Insurance and Personal Item Insurance (currently under development).
Price Protection Insurance
Price Protection Insurance guarantees you the price you will be selling your asset at (when prices are falling) or the price you can buy the asset at (when prices are rising)
Personal Item Insurance
Personal items such as phones, laptops, bicycles, tablets, cameras, headphones can be easily damaged, lost or stolen. At a small annual cost, Heluss will replace your item at the insured value no matter where you are.
Travel Insurance
We are always on the move. your flight, train, coach or boat may be delayed, you may fall sick or be involved in an accident. The Travel Insurance takes away the anxiety so that you can relax while on the move.
The Heluss Marketplace
The travel and tourism industry is currently one of the largest industries in the world and has a global economic contribution of $7.6 trillion. The direct economic impact of this industry, including entertainment, attractions, accommodation, and transportation, was approximately $2.3 trillion. According to research from the this sector employs more people than the , automotive manufacturing, and financial services sectors combined.
By disrupting elements of this industry, Heluss is well positioned to capitalise and potentially become the driving force for change. 2019 will see Heluss push through their IEO which in turn will allow the team to continue implementing a very robust road-map.
About THE COLLECTIVE
The Collective is a Guernsey based Company that operates several products within its ecosystem. At the core is the community management company dedicated exclusively to the incubation and management of ITOs. THE COLLECTIVE provides its clients with a variety of services including, but not limited to, free exchange listing, existing social media account management, social media content creation, moderation, coordination of 3rd party vendors for services, and general consultation services.
Contact Heluss
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Published at Wed, 01 May 2019 20:08:57 +0000
