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Author Topic: [ANN] Blue Helix | Decentralized Custody & Clearing | Next Gen Trading | No ICO  (Read 275 times)
missmaz
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February 18, 2019, 09:13:59 AM
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About Blue Helix

Blue Helix is the new generation decentralized crypto asset financial service provider. Core products include BHEX trading platform, BHOP SaaS open trading platform, and in-house developed decentralized assets custody and clearing system empowered by blockchain technology. Blue Helix is dedicated to provide world-class professional financial trading and asset management services to worldwide users.

Bluehelix uses Cryptography and Blockchain technology to support decentralized association governance capabilities at technical level, realizes trusted and efficient custody liquidation of token assets in blockchain, and solves the core problems faced by centralized trading platform. This innovative asset clearing and custody technology has brought a disruptive innovation to the crypto asset market, enabling users' assets to be better protected than bank-level security.

With the help of Bluehelix's technical capabilities, BHEX trading platform can maintain the high performance of millions of transactions concurrently after achieving the security and credibility of decentralization. Bluehelix adopts the model of super-node and global custody and liquidation blockchain technical framework, and has the traditional financial level of business, technology and compliance capabilities. Users' assets are managed entirely through decentralized blockchain technology, providing transparent services for crypto assets to individuals and institutions.




Core Products

  • BHEX Trading Platform:The next generation digital assets trading platform, providing trading services for worldwide users. BHEX is equipped with high performance system which is capable of handling million level concurrent transactions. It further evolves to a multi-nodes system and globally distributed decentralized custody and clearing blockchain infrastructure, where user assets are completely managed and cleared by Bluehelix decentralized technology. BHEX provides services to retail and institutional investors transparently.
  • BHOP Open SaaS Platform: Based on Bluehelix’s decentralized digital assets custody and clearing technology along with BHEX’s underlying trading technology. Providing technical and operational services to partners who have or are preparing to operate the blockchain asset trading business. Through the capabilities of the BHOP open SaaS platform, partners can quickly launch their own business at zero cost. To achieve fully control of customers, data, brands and technology. Partners with technical research and development capabilities will achieve deep customization of products through BHOP authorized source code. BHOP can fully satisfy individualized transactions of different industries and different types of blockchain assets. The needs of the platform can effectively help partners create unique competitive advantages.
  • Bluehelix Decentralized Custody and Clearing Platform:The new generation decentralized digital assets custody and clearing technology. Based on blockchain technology and community consensus, it uses cryptography and blockchain technology to support centralized governance capabilities at the technical level. Through the BHPOS consensus mechanism, the digital asset custody and transaction clearing are jointly supervised and managed by the community; through the consensus mechanism of transaction data on-chain, hot and cold wallet separation, multi-signature + member nodes clearing, the goal of asset security and transaction credibility is achieved. Effectively solve the security and trust problems faced by the centralized digital asset management platform.



BHT Token

BHT is the token issued by BHEX trading platform ecosystem, which carries the core values of BHEX ecosystem, including BHEX trading platform, BHOP open platform and the decentralized custody and clearing platform supported by patented Bluehelix blockchain infrastructure technology.

[Token Name] BHT (BHEX Token)

[Token Type] ERC-20

[Total Token Supply] 2.1 billion

[Token Price] 1BHT = 1/85000 BTC (BHT is NOT for sale but used to reward seed users who participate in BHEX platform campaigns).

[Token Distribution]
A) 10% of the total issuance, or 210 million BHT, is allocated to institutional private placement to reward the support from institutional investors, the recruitment of Bluehelix governance members and product development. 10% vested immediately after trading on secondary market, rest vests quarterly and linearly for the rest 2 years
B) 10% of the total issuance, or 210 million BHT, is allocated to BHEX early angel investors. The lock-up period is 4 years and unlocks ¼ every 12 months.
C) 15% of the total issuance, or 315 million BHT, is used to motivate seed users who support the platform. 315 million BHT will be rewarded through platform activities with no lock-up period, while stocks last.
D) 10% of the total issuance, or 210 million BHT, is allocated to the Investor Protection Fund which is used to protect user rights and interests after unforeseen blockchain technology and business risks. It will be managed through a smart contract, and unlocked according to the needs of fund operations.
E) 20% of the total issuance, or 420 million BHT, is allocated to the operating team, with a lock-up period of 4 years, unlocking 1/4 every 12 months. The development cost and operation cost of the company are borne by equity financing and are independent on BHT. BHT is only used for additional incentives and rewards for development and operations teams.
F) 35% of the total issuance, or 735 million BHT, is used for community ecology and strategic partnerships for BHEX and Bluehelix. The lock-up period is 4 years, and the unlocking is no more than 1/4 every 12 months.

[Token Use Scenarios]
1) Get 80% of commission income of BHEX exchange, open platform brokerage and open platform SaaS exchange according to the proportion of BHT holding amount.
2) Obtain the right to use the SaaS service of BHEX Virtual Securities Broker and Open Exchange by mortgage of BHT.
3) Be eligible for election of Bluehelix clearing Association members by mortgage of BHT. After successful elected, it will receive a share of the revenue of the custody and clearing platform.
4) Obtain the voting rights of Bluehelix Clearing Association by mortgage of BHT. After successful voted, it can get the revenue share of the clearing business.
5) Can participate in the platform operation activities such as voting on listing, eligible for airdrop.




Founding Team

James JU,  BHEX Founder & CEO
James is a senior technology expert and a serial entrepreneur. He has extensive experience in the fields of Finance, Internet security, Cryptocurrency, and Blockchain technology. From 2017 to 2018, he served as Vice President of Technology in X Financial. During his tenure, X Financial (XYF) was successfully listed on the New York Stock Exchange. From 2014 to 2017, he served as CTO of Huobi Global. He led the team and built Huobi Pro’s core trading platform. He used to be the CTO of well-known Internet companies such as Damai.com, and built the SaaS ticketing system of Damai.com, which is the largest ticketing website in China.


Tyler WU,  BHEX Global Managing Director
Tyler obtained his MBA from University of Illinois at Chicago, USA. He has entrepreneurial experience from Los Angeles to China on online education, Internet healthcare, and enterprise coaching. Tyler worked for Kaspersky in 2008 - 2011. After that, he joined Huobi as Assistant President and started Huobi Global Expansion as Global Managing Director. He was the first one stepped out for Huobi Global Expansion, successfully established Huobi Korea, Huobi Singapore and other localization business from scratch.

Kai WEN, Vice President of Bluehelix Technology
Kai graduated from Stanford University with Ph.D in quantum cryptography, information theory, and optimization algorithms. In 2012 - 2015, he worked for Google in the United States and was responsible for the engineering and optimization of YouTube mobile advertising. He went through the outbreak of mobile advertising. In 2015, he returned to China to engage in wearable devices and artificial intelligence entrepreneurship. The products service the world’s top 500 companies and governmental institutions at all levels. In 2018, he collaborated with Google's colleagues on a project involving artificial intelligence and blockchain and was responsible for technical architecture and blockchain consensus mechanisms.

Kailiang JIANG, Chief Blockchain Architect
Kailiang is a core developer of the former BaaS blockchain platform of WeBank. He was responsible for the development of the underlying blockchain platform. He was also the Head of Tencent QQ game back-end technology and was responsible for the overall back-end architecture and support for more than 15 million online platforms. He is currently working on the underlying technology development of the blockchain and blockchain-related research applications such as cryptography, storage, and consensus. He has very rich experience in distributed service architecture, service governance, and mass services.

Fulin TANG, BHEX VP of Technology
Fulin Graduated from Beijing Normal University and won top three in the ACM/ICPC in Beijing district in school days. Fulin is an Internet senior system architect, technology expert and has more than 10 years of managerial and practical experience. In 2017-2018, he served as Chief Architect of X Financial, a NYSE-listed company, and was responsible for the company's technology architecture, middleware, infrastructure, and big data platforms. He was the Chief Architect of Snowball from 2015 to 2017 and was responsible for the company's technical team building, basic services and big data platform. From 2010 to 2015, he served as a senior architect of Sina Weibo (stock code WB) and was a member of the Sina Weibo Technical Committee.

Boli WANG, BHEX VP of Financial Product
Boli holds a bachelor’s degree from the Hong Kong University of Science and Technology and a master’s degree from Columbia University. Boli then joined the EFS cross asset structuring team in Barclays Capital in New York, where he specialized in structured products and cross asset risk premia, targeting hedge funds, private banks, and other institutional clients.

Boli priced over 1 million USD notional equivalents of structured products on a daily basis and he initiated a commodities risk premia index which had over 50 million USD notional AUM after launching.

Yang BAI, BHEX VP of Exchange Operation
Yang graduated from School of EECS, Peking University and received his master’s degree from Columbia University. He worked at the Credit Index desk for Fixed Income department and proprietary trading desk focusing on high yield bind and junk bond in Société Générale Americas Securities New York City with a daily trading volume at multiple million. He is familiar with secondary market, derivatives and cryptocurrency trading.

Junwei HOU, BHEX VP of Operation & Maintenance
Junwei obtained his Master degree from Northwestern Polytechnic University and specialized in computation theory. He is the senior database, operation, and maintenance expert, and he has served as the person in charge of the Bian Li Feng operation, the person in charge of the Meituan Group network database, the former senior DBA in Sina Group, has contributed the core code for Myql operation and maintenance tools, has great influence in Mysql Database community.



Investment Institutions

In April 2018, the highly anticipated BHEX announced the completion of a 15 million USD angel round financing. In addition to the joint investment of the two top exchanges, Huobi Global and OKCoin, BHEX also received investments from Yintai Group, Node Capital, Plum Ventures, Imagination Fund, Coldlar Wallet Yuan Dawei, Genesis Capital Sun Zeyu, City Holdings and many other top institutional investors.

In July 2018, BHEX's first strategic Token Fund investment demand exceeded its circulation by 4 times. Huobi Capital, one of its angel investors, also increased its investment. Ultimately, BHEX prioritized investments from hundreds of institutional investors around the globe who can share common development and bring business value in the long-term. Coldlar, Dfund, BlockVC, GBIC, 8 Decimal Capital, LD Capital, Fundamental labs and other 56 well-known institutional investors participated in the round.



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February 18, 2019, 04:40:35 PM
 #2

Hi all,

We'll be hosting a joint AMA with Beam. Please join our telegram group if you have any questions for Beam, and/or if you'd like to receive a comprehensive summary afterwards: https://t.me/BHEX_US

Thanks!!

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February 18, 2019, 05:16:51 PM
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The supply is a huge one. So the team should have a good explanation on this supply. Though they have no ICO, what will happen to the token's price once they are in trading?

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February 19, 2019, 05:54:15 PM
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Quote
The supply is a huge one. So the team should have a good explanation on this supply. Though they have no ICO, what will happen to the token's price once they are in trading?

As you can see, they are creating this decentralized custody and clearing platform, so there should be lots of scenarios where BHT can be used in the future. Here's a list of what they've provided so far. Eventually the token will be essential to facilitate all kinds of transactions, payments and settlements in the ecosystem between institutions and retail investors.

Encourage you guys to join the telegram group to stay updated: https://t.me/BHEX_US

1) Get 80% of commission income of BHEX exchange, open platform brokerage and open platform SaaS exchange according to the proportion of BHT holding amount.

2) Obtain the right to use the SaaS service of BHEX Virtual Securities Broker and Open Exchange by mortgage of BHT.

3) Be eligible for election of Bluehelix clearing Association members by mortgage of BHT. After successful elected, it will receive a share of the revenue of the custody and clearing platform.

4) Obtain the voting rights of Bluehelix Clearing Association by mortgage of BHT. After successful voted, it can get the revenue share of the clearing business.

5) Can participate in the platform operation activities such as voting on listing, eligible for airdrop.

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February 19, 2019, 11:47:30 PM
 #5

BHEX had a very successful joint live AMA with BEAM last night.

For those of you who'd like to revisit the conversations, you can find a summary here: https://medium.com/@BHEXOfficial/beam-ceo-alexander-zaidelson-i-strongly-believe-that-any-scenario-for-transfer-of-value-is-4eeeffe6d30a

Again - please join the BHEX US telegram group for more updates: https://t.me/BHEX_US

Thanks!!
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February 27, 2019, 12:02:11 AM
 #6

Hi all!

Wanted to share some more details about how Blue Helix is decentralizing Custody and Clearing services.


With the goal of providing bank-level security and maximized capital efficiency, Blue Helix’s patent pending technologies are designed to empower a new infrastructure that allows financial service providers and institutions to 1) optimize trading costs, 2) solve liquidity segmentation problems, while 3) providing the best possible user experience based on community consensus.


Blue Helix brings on the following technical innovations and features to decentralize custody and clearing services for digital assets. Please join Blue Helix telegram community for an upcoming AMA and more insights: https://t.me/BHEX_US

  • Decentralized key management is our key innovation and also the fundamental technology on the platform. We design a new way to generate and store private keys among decentralized nodes, and a transaction is signed only when most of the nodes collaborate with each other. This solves the key problem of trust as not a single or a few malicious institutions are able to misappropriate the assets in an account.

  • Financial-level secure custody is enabled by our decentralized key management, in which the trust is protected by most of honest institutions. The platform also provides multiple security method including two-factor authentication, risk control, etc. to meet the most high-level requirement for the digital asset custodian services. Additionally, the data privacy is also protected by the decentralized encryption and zero knowledge among the honest institutions.

  • Fast and scalable clearing & settlement is the service on top of the secure custodian service. Our consensus called BHPOS operates in clearing and settlement. BHPOS is dedicated only to financial services and combines proof of state (POS) together with our decentralized key management and financial tools to reach high performance and accuracy. To make the digital market effective, we employ multiple technologies including asynchronization, netting, sharding and cross-chain channels to scale the platform to the next level.

  • DAO governance guarantees our platform most secure and reliable. The community on our platform involve many major financial institutions. To participate as block producers, the party should follow the governance rules to provide security deposit, clearing and settlement computing resources, risk control, and various financing products including insurance and derivatives.

  • Broad applications for financial services for the public. With secure and high performing custody and clearing services, the platform is capable of supporting many applications, for example, wallets, exchanges, merchants, quantitative funds, payment services, etc. The participants or the block producers on the platform can earn substantial custody and clearing commissions, while the clients enjoy secure and reliable financial services provided by the platform.


Please join Blue Helix telegram community for an upcoming AMA and more insights: https://t.me/BHEX_US

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March 06, 2019, 04:26:11 PM
 #7

Good news! You can now try Options Trading with a practice account on Blue Helix!

1. Simply register on www.bhex.com
2. Message me your UID to get your account added to the whitelist

Please join https://t.me/BHEX_US if you have any questions.
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March 25, 2019, 06:28:33 PM
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BitMore Bonus Program is available!!

Rules:

Sell Limit: The sell limit will be updated at 00:00am (UTC+8) daily. Please refer to announcement for the available limit. It is on a first come first serve basis so please ensure you have sufficient funds if you are interested.

Return Computation Rule: Order at T+0, Return computation at T+1, Return credited to wallet account at T+2.

Redemption: Submit a redemption request. The redeemed assets will be credited to wallet account latest at T+1 after approval. There is no return on the redemption day.

Return Rate: return rate will be updated daily at 00:00am (UTC+8), enjoying an min. annualized return of 5%

Order link:https://www.bhex.com/financing/

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April 22, 2019, 03:54:49 PM
 #9

BHEX Bitcoin Options — the Better Hedging Tools for Crypto Miners

Currently, the rising costs of mining, combined with Hashrate competition, fluctuations in the cryptocurrency price, and various other reasons, have resulted in increased instability in total mining profits. Additionally, once the value of any cryptocurrency falls below the mining cost, the high electricity bill and low output will simply cause miners to choose to turn off their mining machines — resulting in a loss of investment.

Although many mines have opened mining models with pre-paid income, if the market fluctuates drastically and does not transfer assets in time, once the price of the cryptocurrency falls, the income will still be affected.

Therefore, choosing financial derivatives as a tool to hedge the risks brought by price fluctuations is a relatively “smart” approach for the majority of miners.

Hedging, in simple terms, is to use the same pattern of price movements in the spot market and the derivatives market, and to operate in the spot market and the derivatives market with the same cryptocurrency, equal quantity, and opposite direction. In the end, no matter how the price fluctuates in cryptocurrency, the profit and loss of the two-side operate at the same level to achieve the purpose of asset preservation.

For example, if a miner is expected to dig a certain amount of bitcoin at some time in the future, he is worried that the price of the cryptocurrency will fall at that time, he can make use of the short mechanism of financial derivatives to short the expected returns, and the early gains can be locked in.

If the price of the cryptocurrency falls, the profit after the position of the derivatives market is offset by the loss after the spot market sells; if the price of the cryptocurrency rises, the loss after the position of the derivatives market is offset from the profit after the sale of the spot market, and eventually Can achieve balance between profit and loss.

At present, futures and options are the two mainstream financial derivatives in the market. Which ones are more suitable as hedging tools for miners? Let us look at an example:

Assuming that the spot price of 1BTC on 15 April 2019 is 5000USDT, miner Bob expects to dig 10 BTC in a week. However, he fears that the cryptocurrency will fall at that time, and also he hopes to secure gains of each BTC at the unit price of 5000USDT in advance. Bob therefore has two options:

1. Choose a platform futures contract for hedging

Take a platform week contract as an example. Suppose the current contract price is 5000 USDT (assuming the contract price and the spot price are the same), use a BTC margin of 10 times leverage 1 BTC is used as 10 BTC). ) Open a short contract.

If the price of BTC drops to 4,500 USDT each after 1 week, sells the BTC in the spot market, the expected return is reduced by 500 USDT each. In the futures market, Bob has obtained 10 times of leverage and gained 10 times of return due to the price decline. The total gains were 1.11 BTCs at the time of settlement, and the spot price lost a total of 5000 USDT. In this way, Bob succeeded in achieving hedging.

However, if within this week, the BTC price will rise first and then fall, from 5000USDT to 5500USDT and then fall to 4500USDT. When the BTC price rises, it needs to increase the margin and increase the investment of funds. If the margin is not increased in time, Bob will be liquidated. Not only will he not have a successful hedging, but he will also lose all the principal, and will enlarge the loss.

Method: Open a weekly futures contract with 10 times leverage

Cost: 1 BTC, high capital occupancy rate

Result: There is a risk of forced liquidation under the fluctuation of the market, which is easy to enlarge the loss.

2. Choose BHEX Bitcoin option hedging

Bob bought 10 put spreads at BHEX, and he will pay 1400 USDT as premium.

If the price of BTC fell to 4500USDT a week later, Bob sold the BTC as the spot market and would have lost 500USDT per BTC; yet, he could gain 5000USDT on BHEX options, reducing the loss.

If the BTC prices fluctuate heavily within a week, with the same up- and downtrends as before from 5000USDT to 5500USDT to 4500USDT, Bob’s position will not be affected, and he would still receive 5000USDT in earnings when the option expires.

Method: Buy BHEX put option

Cost: approximately 1400 USDT with low capital occupancy

Results: it can either be successfully hedged, or reduced the losses.


Summary

By comparison, we can see that both futures and options products can meet the needs of miners’ hedging. If the price of the cryptocurrency falls, you can hedge the risk and realize the purpose of asset preservation or loss reduction by opening the futures contract or buying the put option.

However, the capital utilisation rate of futures products is very high. Once the market fluctuates drastically, there will be a risk of forced liquidation, which may further increase the cost of hedging, which is not cost-effective for miners.

In contrast, BHEX’s bitcoin options are clearly a better choice. After the miner buys the put option, once the price of the cryptocurrency falls, the gain from the payment of the option settlement or the increase in the price of the option can make up for the loss in the spot market. Even if the price of the cryptocurrency rises, only a small portion of the premium for the purchase of the option will be lost, the input cost will be smaller, and the capital occupancy rate will be greatly reduced.

The same hedging operation, the choice of tools is critical. Compared with futures contracts, BHEX Bitcoin options products adopt a spread option strategy, which is cheaper to issue and has no risk of forced liquidation. It is a cost-effective and safer hedging tool for miners.

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August 27, 2019, 06:28:47 AM
 #10

i hope this forum isn't dead...

Congratulations on getting listed on CoinMarketCap Smiley

I'm writing a book called Altcoin Investigation 2019-08 and I've included a "slot" for BHT on the voting page for the book.  The way the book works is that people vote on which coins they want to be included in the book, and the ones that get the most votes will get info about the project added.  You can vote as often as you like.  I try to update the book every day, and it is currently free.

To vote for BHT to be included, go here : http://altcoininvestigation.com?utm_source=bitcointalk&utm_medium=BHT and then click the button for the coin. You can click on the download link to download the book in its current form. There will be a slider for the cost of the book - you can slide it all the way to the left to get it for free.

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