Frequently Asked Questions
Heleum is an autonomous money vehicle running on the Uphold API, designed to grow money steadily over time. It is arriving Summer 2017.
We want to give users the idea that this is like helium. The money you put in floats gradually up. The ‘e’ is for ‘easy’, since it is fully automated.
It launches digital balloons that float into currencies that are growing.
Heleum balloons float between the 16 most traded international currencies and 3 top cryptocurrencies.
It’s totally free! There are no subscription fees or deposit/withdrawal fees or anything! We pay Uphold’s standard conversion fees for you out of the gains you accumulate.
Heleum's only revenue is a share of gains generated by user balloons. We only succeed if you do. We also provide ways for users to increase their share of gains above 50%.
We have no minimums or maximums. Uphold may have minimum deposits from bank transfers depending on the country. We plan on adding automatic deposits to help you with your savings goals.
You can withdraw any time you want to your US or European bank account, or to a cryptocurrency wallet like Bitcoin. Uphold’s minimum withdrawal amount to most banks is currently $50.
Heleum’s average growth rate was over 2% per month from December 2015 to February 2017. Since March, our algorithm has generated over 5% in gains per month.
Large crashes often temporarily speed up the success of our algorithm because they cause a lot of volatility in a short amount of time. Heleum is not gambling on long-term moves. It makes gains on the natural price wiggles that occur between symbols every few hours.
Yes! Algorithms are less prone than people to making mistakes or to bending their own strategy and rules. If you want to see how Heleum has performed recently, check out our Stats page.
Check out our Beta page which explains how to join our Private Beta, which will last until our app is completed and launched at the end of Summer 2017.
Depending on the tax laws of your country, you may be taxed on the gains you make after you withdraw funds from your Uphold account.
We were in the right places at the right times and had to build Heleum from the ground up without thinking about how to automate a traditional day-trading strategy. Our outside perspective forced us to think outside the box and allowed us to discover the mesh trading model we use in Heleum that we haven't seen anywhere else. Additionally, Uphold is the only reserve that allows for automatic mesh trading. The vast majority of the current industry is built on binary trading and is unlikely to change.
Acorns and Stash Invest place you in funds which generate very low returns. You are also just buying and holding, and not taking advantage of the swings in the market. Robinhood is simply an app where you can manually buy and sell stocks. It doesn't involve any automation.
As we don't really use any tools or processes other than ones used by other investors for the past 100 years, we find it very unlikely that any part of what we are doing with Heleum to be a target for a legal challenge.