A MONETARY EXPERIMENT ON SOLANA

Money that
follows its rule.

HELI's supply can grow by at most about 0.4% a month (about 4.9% a year), a rule in the spirit of Milton Friedman's k-percent rule. The treasury is bound by on-chain limits. No one can speed it up.

Why rules Read the constitution

In development · Trading is not live

Maximum supply after initial burn90M HELI

Initial release base5M HELI

Conditional release horizon60 years

Design parameters, not live network balances.

WHY HELI EXISTS

Rules over
rulers.

A published rule for money, enforced by code.

For a century, economists of the Chicago school argued that money should follow a published rule rather than the judgment of whoever is in charge: Henry Simons' "Rules versus Authorities in Monetary Policy" (1936), Milton Friedman's k-percent rule. HELI tests that idea in code on Solana.

One difference from a fixed growth rule: HELI's rate is a ceiling, not a target. Released tokens enter circulation only when someone buys them; unsold supply waits. HELI does not yet have an established payment network; testing real demand and use is part of the experiment.

See the supply rule

THE SYSTEM, IN FOUR PARTS

The idea, made concrete.

A limited supply is only the beginning.
Who can change it matters more.

01 / THE RULE

A published monthly cap

Monthly cap = released, unburned supply × 0.402247%. Starting from 5 million HELI, that is about 4.9% a year. Management permissions share this cap and expire each month.

Explore the release path →

02 / A CEILING, NOT A TARGET

Supply waits for buyers

A 70 million HELI reserve releases sale inventory at monthly boundaries. Released tokens wait for buyers; nothing is given away and unsold supply is not forced onto the market.

Read the release rules →

03 / A BOUND TREASURY

Limits on the people in charge

Treasury sales and bids stay inside price bands; monthly treasury releases are capped by outside demand; expenses wait seven days and can be stopped.

Read the market design →

04 / CODE YOU CAN CHECK

Verify, don't trust

The program builds reproducibly and its tests are public. The plan is to remove the upgrade key after an independent audit, so the rules can no longer be changed.

Read the code ↗

THE FIRST 5 MILLION

One launch.
One open auction.

All 5 million HELI of the launch base are sold through the opening auction and the market. There is no free allocation, presale or private round.

How the auction works →

100%

Opening auction and market

No purchase limit per buyer

5M

Unsold launch inventory waits for buyers on the market; it is not burned.

WHERE EVERY HELI BELONGS

90 million.
Three destinations.

Bubble area represents each allocation.
Select a bubble to explore its purpose.

100M initial mint − 10M initial burn = 90M planned supply. Vault allocations are not all circulating at launch. Staking is cancelled; there is no separate staking or liquidity allocation. These figures are design parameters, not live wallet balances.

A RULE YOU CAN EXPLORE

A 60-year horizon.
No unlimited minting.

More time permits more supply.
It does not guarantee more demand.

The plan starts with 100 million minted HELI and an immediate 10 million burn. The remaining 90 million is divided between initial circulation and locked vaults.

The shared monthly release ceiling is approximately 0.402247% of HELI already released and not burned. With the initial 5 million base, the first cap is about 20,112 HELI. The 70 million reserve funds sale inventory within this cap; it is not the percentage calculation base. Burns reduce future capacity.

MONTHLY CAP = released, unburned HELI × 0.402247%

The illustrated path assumes every monthly allowance is fully used and no further HELI is burned. This is a conditional ceiling, not a price forecast or guaranteed release schedule.

Illustrative no-burn ceilingDesign model

90.00MHELI at year 60

Launch · 5MYear 60 · 90M

Explore a year 60

Calculated from 5M × 18^{year / 60}. Actual releases can be lower.

PRICE DISCOVERY

From the opening auction
to an open market.

HELI's value will come from the prices participants agree to trade at. The supply rule does not set or stabilize the token's price.

BEFORE OPENING

Submit bids

The opening minimum price and auction parameters are announced in advance. Buyers submit funded bids.

AT OPENING

Discover a clearing price

Accepted bids determine the auction price and allocations. Unused bid funds are available for refund.

AFTER OPENING

Buy, sell, hold

Trading moves to the planned Solana order book. Matching buy and sell orders determine market prices.

Market integration is being tested. The quote asset, dates and live addresses will be published when confirmed.

BUILT INTO THE DESIGN

Restrictions where
they matter.

Code rules govern supply. Public commitments cover what code cannot see.

01

No free allocation, presale or private round

The whole launch base goes through one open auction and the market. The founder and team trade only from publicly declared wallets.

02

Management releases are constrained

The 15 million HELI Management Treasury has one manager. New treasury releases remain locked for 12 months and later share one capped budget for sales and liquidity.

03

Project revenue stays with the project

Staking is cancelled. Its former allocation and the former market-support inventory are combined in the Management Treasury. Treasury sales return the quote asset to the project reserve.

PROGRESS, IN THE OPEN

See what is ready.
See what comes next.

View transparency →

Locally tested

Solana program

The experimental program has run in a local Solana simulator. Devnet and mainnet deployment are pending.

Let anyone confirm that the program on chain was built from the published source.

Next milestone

Public Devnet test

Run the program with a real order book and the maintenance service on Devnet, then commission an independent audit.

Status as of October 4, 2026. No live token address, market price, reserves or independent audit are claimed.

HELP SHAPE THE EXPERIMENT

A small beginning.
An open question.

Can money that follows a published rule, with limits on the people in charge, support a useful monetary community? Explore the design, challenge the assumptions and follow the development.

Explore the constitution ↗Follow on GitHub ↗

HELI is an experimental monetary project. Its price may fall, and liquidity or operating revenue is not guaranteed.

INITIAL DISTRIBUTION

No free allocation.
One open auction.

An earlier design reserved 1 million HELI for a free, identity-verified allocation. It has been removed: all 5 million HELI of the launch base are sold through the opening auction and the market, with no presale or private round.

How the auction works Read the constitution

TRANSPARENCY

Read the rules.
Assess the progress.

Planned allocations are shown separately from values actually measured on a live network.

Planned supply

Design

HELI allocations after the initial burn
Allocation	HELI
Opening auction and market	5,000,000
Monthly Market Release Reserve	70,000,000
HELI Management Treasury	15,000,000
Maximum supply	90,000,000

HELI held in a vault is neither sold inventory nor cash revenue.

Explore the allocation bubbles →

Live network details

Official token address: Not published yet
Live market address: Not available yet
Opening minimum price: Not finalized
Reserve / operating balances: No live measurement
Independent security review: Pending

The HELI program has been tested in a local Solana simulator. Local test results are not a Devnet or mainnet deployment.

Read the project introduction on GitHub

The monetary constitution: core rules

Monthly releases

The shared cap is calculated from HELI already released and not burned. The monthly cap follows the original 60-year monetary rule. All remaining allocations can participate within their release rules, restoring a 90 million conditional ceiling. Staking has no separate allocation.

Monthly market supply

The 70 million HELI reserve releases tokens into sale inventory after each month ends, starting with month one. The rate applies to supply already released and not burned, beginning from 5 million. No tokens are given away. Unsold released inventory waits for buyers; it is not burned each month.

Management restrictions

No new Management Treasury releases during the first 12 months. Afterward, sales and new liquidity inventory share at most 20% of monthly capacity, further limited to one quarter of actual releases outside the treasury. Releases are checked against a 24-hour reference price built only from outside bids that rested at least an hour; the project's own orders never count. All treasury releases in a month together may not exceed 2% of resting outside bid depth. If outside buyers disappear, the reserve may still buy, at most at 95% of the last outside reference and at most 10% of the reserve per month.

Sales, liquidity and project reserves

The Management Treasury combines the original founder, market-support and former staking allocations: 15 million HELI in total. One manager can direct sales and funded buy/sell orders on the same market, within 95%–105% of the 24-hour reference price; without a reference, sales cannot go below the opening auction price and the reserve cannot fund bids. Sale revenue returns to the project reserve; expenses wait seven days, can be cancelled and can never be paid back into project accounts. After the 60-year close, no new HELI is released and management orders end, but sale revenue can still pay expenses under the same limits. This is not a price or redemption guarantee. Returning or cancelling an order does not create a new release allowance. The founder and team trade HELI only from publicly declared wallets, never from undisclosed accounts; those addresses will be published before launch.

The current V22 draft passes its local test suites in a Solana simulator, including the complete 720-month release calendar, and builds reproducibly with a public toolchain. It is not deployed or independently audited, and it is not live liquidity, guaranteed buybacks or a guaranteed token price.

Download the experiment rules

OPERATING COSTS

Start small.

The static website runs on free hosting. On-chain accounts and transactions require SOL, and a maintenance service triggers the monthly rule. Demand or sale proceeds are not guaranteed to cover operating costs.

What remains to be completed

What is needed before launch?

A verifiable build, a public Devnet test with a real order book and the maintenance service, an independent security audit, legal review of the opening auction, and removal of the upgrade key so the rules can no longer be changed.

Who can still change things today?

Until the audit, the program can be upgraded. An administrator can pause sales, treasury operations and expenses, but never the monthly release rule. A single manager runs the treasury within on-chain limits. Each of these is listed openly, with when it ends.

Money thatfollows its rule.

Rules overrulers.