Full disclosure: I work for my good friend Pace Ellsworth’s new fintech startup company, Heleum. I’m their Support Manager and Knowledge Base author. If anyone has issues, they come to me. I tackle the issue and get it straightened out.
A little over a week ago, I interviewed Pace on what Heleum is all about. You can listen to that here.
Heleum was founded by Pace, his brother Taylor, and another mutual friend, Dan Pratt. All very good guys and ideological compatriots. I’ve known and worked with them for years, and Pace offered me the opportunity to join this amazing fintech startup, I jumped on board immediately.
I’ve also funded my own Heleum account to the tune of around $1600, so far. Why? Because I believe it’s one of the best and easiest places to store my savings and watch it grow, hands off.
How does Heleum work? Here’s an informative Knowledge Base article to explain. And a short animated video:
Since my own funds have been moving around in Heleum balloons for over a month, I thought I’d reveal what’s happened. Heleum doesn’t allow balloons to pop (return to base currency) with anything less than 2% in gains. And Heleum only collects its fee from your gains, so it’s completely free to use (read more about how Heleum makes money here).
My first balloon pop (Balloon 1) occurred early while my total funding amount was still very low:
As you can see, it launched at $26.66, moved to BTC (bitcoin), and then a day later moved back to USD, causing it to pop at $28.65. Why did pop so quickly? That’s just the circumstances in which the algorithm found itself at that time. In a mere 34 hours it grew 7.5%, calculated after Uphold’s transaction fees were removed. (Uphold is the platform on which Heleum runs. See their press release about Heleum here.)
My second balloon pop (Balloon 2) occurred early and quickly as well, USD to LTC (litecoin) and back:
This small balloon lasted only 16 hours, and grew 7.1%. My third balloon pop (Balloon 3), another USD to LTC and back:
This one lasted a mere 4 hours, but grew 2.5%. My fourth balloon (Balloon 8) pop occurred about a month later, and started with a bigger amount:
Now we’re really moving all over the place! This balloon hit BTC, LTC, ETH (ether), and NZD (New Zealand) on its trip back to USD. Starting at $83.34 and popping at $95.28 produced 14.3% growth in a much longer 30 days. My fifth balloon pop (Balloon 9) lasted just as long:
This one went through all the same currencies as the last, plus JPY (Japan). In 29 days it grew from $83.34 to $101.19, or 21%. And my last balloon to pop (so far, Balloon 13):
This one started at $84.73 and popped at $107.42, earning me $22.69 in gains, or 27% growth!
I still have 13 balloon that have been inflated for over a month from different launch amounts, my highest showing a current gain of $42.83 from a $201 launch amount, or 21% growth. Some of them currently show a loss. Here’s the full picture of my balloon activity to date:
Remember, balloons won’t pop by themselves for less than a 2% gain. Those balloons currently showing a loss will stay inflated, making moves, to achieve their goals before coming back to USD (unless a withdrawal is requested). All the while, other balloons are being inflated and popping, producing gains at varying levels, and reinflating into new balloons. Each new balloon launch waits at least 48 hours from the last in order to diversify among time and exchange rates. Amazing!
It’s not perfect, however. The team is constantly working on updates to the app and the algorithm in order to make it both safer and better at growing your savings. It’s absolutely stunning what this small team has been able to accomplish in such a short period of time. If you’d like to give it a try, sign up here.