On September 06, 09, the largest cryptocurrency exchange in the world Binance introduced Binance Launchpool, a platform where users can safely use new assets, as part of an ongoing initiative to bring the DeFi experience to Binance.
Bella Protocol will be the first project to join Launchpool, where users will be able to staking their BNB, BUSD or ARPA tokens into three separate pools to farm BEL tokens for 30 days.
Below is a review of the project, the products of Bella (BEL) and will guide you in detail to participate in staking or BEL friendship.
Bella (BEL) price, marketcap, chart, and fundamentals info
Bella (BEL) is the suite delivery protocol DeFi for the Crypto-banking experience with simplified user experience.
Built by the ARPA project team that allows users to deploy their assets and earn profits with ease. Defi products are currently blocking users from accessing due to high gas fees, slow speed, and poor user experience.
The Defi Bella suite offers users a simple way to deposit money and enjoy high profits from Bella's complex arbitrage strategy, on-chain or monitoring services. Take a look at the products below to see creativity and originality.
Products of the Bella ecosystem
Bella Liquidity Mining
Users can dstaking Curve, ARPA / USDC, token liquidity provider (LP) BEL / USDC and receive tokens as BEL tokens.
- Smart portal for popular DeFi products
- One click, no gas charges. Bella One-Click is all you need for DeFi
- Highly flexible decentralized money markets
- Liquidity mining, referral bonuses, liquidity token pool support
Bella Flex Saving
- The arbitrage trading strategies are optimized over protocols for the highest returns
- Supports multiple cryptocurrencies and stablecoins.
- Customize user risk profiles
- Customizable exposure with cryptocurrencies, indices, and stablecoins to make a profit
What is BEL?
BEL is the native utility token of the Bella ecosystem. Bella users enjoy many benefits when holding and using BEL.
What is BEL used for?
A portion of the network's transaction revenue and services will be used to reward long-term BEL stakes and voters. Bella charges performance across multiple products. The revenue stream is shared between the following parties: BEL staker and voter, referral channel, operating budget and risk provisioning.
The BEL token holder is entitled to a discount of service fees, similar to exchange platform tokens such as BNB.
As BEL's total circulation increases during the first two years, staking helps BEL holders offset inflation as well as vote for network changes.
Voting and Governance
Bella is a constantly evolving DeFi ecosystem. Staking BEL users can vote for potential product upgrades, new releases and parameter fixes.
Basic information of the BEL coin
- Ticker: BEL
- Token standard: ERC-20
- Token type: native utility token
- Initial Circ. Supply: 13,250,000 BEL (13.25%)
- Total supply: 100,000,000 BEL
Bella token allocation (BEL)
With a total supply of 100,000,000 BEL tokens, the number of tokens is distributed as follows:
- Binance Launchpool: 5.00%
- Private Sale: 6.00%
- Public Auction: 2.00% (Bella Protocol will initiate an Initial DEX Offer (IDO) on Mesa, allocating 2,00% of the total BEL token supply to public purchases)
- Ecosystem: 18.00%
- Book: 4.00%
- User Growth: 40.00%
- Staking Reward: 10.00%
- Team: 15.00%
BEL release schedule
Bella (BEL) token sale
- Price: 0.75 $ / BEL
- Time: August 18, 08
- Allocation: 6,000,000 tokens BEL
- Fund raise: 4,500,000 $
Binance will then list BEL at 13:00 (Vietnam time) on September 16, 09 and open trading of BEL / BTC, BEL / BNB, BEL / BUSD and BEL / USDT pairs. Other listing information will be updated here.
How to earn BEL?
Currently, only information about participating in staking and waiting for the list of Binance exchanges can own BEL coin (See details below).
The floors continuing to list will be fully updated in this section.
BEL coin storage wallet
Under the ERC-20 standard, you can store it in your wallet: Trust wallet, Ledger Nano X, Ledger Nano S, .. or store it on an exchange you purchased when it was released for the convenience of trading.
Information about the first project on Binance Launchpool named Bella
BEL information on Binance Launchpool
- Token name: Bella protocol (BEL)
- Launchpool token rewards: 5.000.000 BEL (5% of total supply)
- Total supply: 100.000.000 BEL
- Private sale price: 1 BEL = 0,75 $
- Staking time: 09/09/2020 0:00 AM (UTC) to 09/10/2020 0:00 AM (UTC)
Pool is supported
- Stake BNB: 4,500,000 BEL (90%)
- Stake BUSD: 450,000 BEL (9%)
- Stake ARPA: 50,000 BEL (1%)
Instructions for participating in staking BNB, BUSD or ARPA receive BEL coins
Users who already have BNB, BUSD or ARPA in the products Flexible Savings Existing need to stake an extra amount greater than 0 after 03 pm on September 00, 06 (Vietnam time) for their current balance to be charged to Launchpool balance.
If a user does not stake an additional amount greater than 0 during the staking period, they will not be eligible to receive a BEL reward from Launchpool.
Calculating the Bella token reward (BEL)
There are two simple points to keep in mind:
- For example, the BNB pool will divide the reward of 5.000.000 x 90% / 30 = 150.000 BEL per day for those users who staking BNB.
- For example, A staking 5.000 BNB for 12 hours of the first staking day. The average 24-hour BNB staking for all the users participating in the staking that day was 100.000 BNB. User A will receive ((5.000 x 12/24) / 100.000) x 150.000 = 3.750 BEL for the first day.
Timeline to note
- 06/09/2020 15: 00h - 09/09/2020 07:00 AM: Prepare your BNB, BUSD and ARPA for staking in Launchpool.
- 09/09/2020 07:00 AM to 09/10/2020 07:00 AM: Users will be able to staking their BNB, BUSD or ARPA tokens into three separate pools on Binance to farm BEL tokens for 30 days.
- September 16, 09 at 2020:13: Binance will list BEL and open trading for BEL \ BTC, BEL / BNB, BEL / BUSD and BEL / USDT.
Note: The time frames I mentioned above are all Vietnamese time.
Terms and condition
- Users will be able to withdraw their funds at any time without delay and join any other immediately available pools.
- Rewards are calculated and distributed daily the next day to the user's spot wallet between 07:00 AM and 08:00 AM (Vietnam time)
- Users will also receive interest on standard flexible savings products by depositing tokens into each product. The distribution will be done at the same time as above.
- Only tokens in your spot wallet can be staked into Launchpool.
- The BNB participating in Launchpool will still provide users with standard benefits for holding BNB, such as airdrops, Launchpad eligibility, and VIP benefits.
Highlights of the project
Bella is both DeFi and CeFi. In addition to the yield farming strategy through smart contracts, Bella provides a monitoring service for inexperienced users like a DeFi portal and displays all on-chain activities to users for transparency purposes.
Bella can be easily integrated with CEX or other platforms for yield farming and commission discount infrastructure.
Support for gas charges
Bella One-Click portal supports 100% of the gas fee in the first stage of product launch. In the future, gas fees will be calculated using the tokens they staking. BEL token holders will also receive a special discount.
Bring a familiar mobile banking experience into the DeFi space. Just 1 click without waiting for approval or copying and pasting token address.
Bella will diversify their user funds based on their risk, including conservative, balance, aggressive and allocate their capital into different yield farming strategies.
For example, a Balance USDT strategy consists of 40% farm COMP, 40% CRV and 20% newer protocols.
Bella's Team Core are people with long blockchain experience. Proven track record in finance, cryptography, blockchain, and engineering.
Bella's potential rating (BEL)
- The cryptocurrency and crypto asset market is a trillion dollar market with significant growth opportunities
- DeFi's current market penetration rate is very small, failing to reach a large number of users
- Opportunities for arbitrage trading between protocols constantly emerge. The combination of DeFi is an irresistible trend
- The combination of DeFi and CeFi
- The cryptocurrency market is on the rise of mobile networks as in 2013, the Asian market has great potential
The infrastructure for Ethereum and other blockchains is growing and there will be a better user experience
There's also plenty of potential you can read in post on their blog.
Roadmap of the project
- Q4 2019: Idea up, Research Defi product.
- Q1 2020: Team formation, community surveys.
- Q2 2020: Lending Defi product design and prototype.
- Q3 2020: 2nd community survey, Liquidity Mining BEL, Airdrop token BEL for ARPA holder.
- Q4 2020: Launch Bella Flex Saving v1 and Bella One-click v1
- Q1 2021: Launch Lending Bella v1 protocol
- Q2 2021: Launch Bella app, Launch Bella Robo-advisor v1.
The partners Bella listed, apart from Binance, also have the following organizations in the illustration:
DeFi will one day become a pioneer in open finance.
There will always be great opportunities in the paradigm shift. Great opportunities have been created in these changes. Blockchain, a decentralized payment system, has been destined to change the financial industry since its inception.
At a time collateral will develop into highly liquid assets, commodities and bonds, not just limited cryptocurrencies like Ethereum. After that, the side providing its capital will be the cryptocurrency issued by the countries. Trading, settlement, lending and financial derivatives together will form a brilliant open financial ecosystem, a whole new trillion-dollar marketplace.
Should you invest in Bella token (BEL)?
The upcoming products, realistic visions, and detailed roadmap were able to give you the best assessment of the BEL token's project and potential. Expect the price to hit a high in a promising market
Please review, consult and incorporate your analysis to formulate whether to invest in BEL.
Bella's community channels
Binance introduced Binance Launchpool, a platform where users can safely use new assets, as part of an ongoing initiative to bring the DeFi experience to Binance. And the restarting project is Bella, do you think this will be a price fever or something new.
Please wait until BEL is listed for the first time on the Binance exchange. Follow Blogtienao for updates from Bella project and BEL token as well as other coins and tokens.
The article is not investment advice, so you can consider participating in staking or buying and selling depending on each person's opinion. Thanks!