Article Summary, Automatically Generated By AI
About Bella Protocol
Key Points:
- Bella Protocol is a DeFi platform that aims to simplify crypto banking and make it more accessible.
- The platform offers a suite of products, including a liquidity mining platform, flexible savings, a one-click smart portal, a lending platform, and a robo-advisor.
- The BEL token is an essential component of the ecosystem, serving as a reward token and allowing holders to participate in governance.
- The protocol was launched in September 2020 and has secured investments from prominent firms.
- The founders are Felix Xu and Yemu Xu, with a team of over a dozen employees from ARPA.
Numbers and Figures:
-
<li
Introducing Bella Protocol: Pioneering the Future of DeFi
Introducing Bella Protocol (BEL): A Comprehensive Overview
Bella Protocol is a pioneering platform that offers a comprehensive suite of DeFi products, meticulously designed to simplify and democratize crypto banking. By addressing the perennial issues of exorbitant fees and sluggish transaction speeds that plague certain blockchain platforms, the protocol seeks to revolutionize the user experience through its intuitive DeFi smart portal, providing a seamless and efficient interface for users.
Bella’s innovative smart pool feature empowers users to tap into the most lucrative yields available in the DeFi market, all while enjoying the benefit of virtually zero gas fees, courtesy of the platform’s direct subsidies.
In September 2020, the project embarked on its journey as the inaugural venture to be distributed through Binance’s innovative Launchpool platform, subsequently garnering investments from esteemed firms, notably Arrington XRP Capital and Ledger Capital.
The ARPA team has developed a blockchain-based layer 2 solution for privacy-preserving computation, which is aptly referred to as the protocol. At the heart of the Bella Protocol ecosystem lies the BEL token, a crucial component that not only enables holders to participate in the governance of the platform but also serves as a reward token.
BEL can be utilized to cultivate fee rewards from the network, unlock exclusive discounts on Bella protocol’s diverse range of products (including its cutting-edge robo-advisor tool), and to accrue staking rewards.
The Visionaries Behind Bella Protocol: Meet the Founders
Co-founded by Felix Xu and Yemu Xu in 2020, Bella Protocol embarked on its journey, marking the inception of a revolutionary endeavour.
Felix Xu, CEO of Bella and co-founder of ARPA, a pioneering privacy-preserving blockchain platform that nurtured the Bella Protocol, brings to the table several years of experience as a seasoned venture investor and analyst, with a storied background in the financial industry. Meanwhile, Yemu boasts an impressive entrepreneurial track record, with a rich history of analyst and consultant roles.
The remainder of the Bella team converges with that of ARPA, comprising over a dozen professionals with diverse expertise in blockchain, finance, and product development, thereby fostering a multidisciplinary approach.
Unveiling the Unparalleled Advantages of Bella Protocol
Bella Protocol boasts a standout feature: a seamless user experience, complemented by a diverse array of products.
The platform comprises a suite of innovative products, including the Bella Liquidity Mining platform, flexible savings options, a seamless one-click smart portal for deploying assets with zero gas fees on prominent and lucrative DeFi products, a lending platform, and the intuitive Robo-Advisor, designed to facilitate informed investment decisions.
Notwithstanding their recent launch in September 2020, all of these products have already achieved operational status.
The platform is underpinned by a community of BEL token holders, who wield significant influence over its governance. By exercising their voting rights, they shape the platform’s trajectory, determining the course of potential upgrades, releases, and other key parameters. Furthermore, this token serves as a coveted reward for users who actively participate in staking, among other valuable contributions.
Bella Protocol represents a strategic foray by ARPA into the DeFi landscape, leveraging its burgeoning community through a user-friendly and intuitive mobile banking application.
What Is the Circulating Supply of Bella Protocol (BEL) Coins?
Bella Protocol boasts a total token supply of 100,000,000 BEL, with an initial circulating supply of 13,250,000 BEL.
A substantial portion of the initial supply was allocated through a Binance Launchpool, with 5% of the total supply reserved for participants. Furthermore, 6% of the total supply was privately sold, while an additional 2% was sold via a public auction.
The private sale was successfully concluded on August 18th, 2020, with a token price of $0.75, resulting in the sale of 6,000,000 BEL tokens and a total raise of $4.5 million.
Beyond this, a significant 18% of the total supply is allocated to foster ecosystem development, while 4% is set aside for reserve purposes. Furthermore, a substantial 40% is dedicated to driving user growth, 10% to incentivize staking rewards, and 15% to support the team. According to the projected token release schedule, the BEL token is expected to reach full dilution by approximately 2025.
The Bella Protocol’s Security Framework: A Robust Defense Mechanism
The BEL token is an ERC-20 token, fortified by the robust Ethereum network. This network is presently underpinned by a vast and extensive mining infrastructure, which serves to guarantee consensus among nodes regarding the validity of transactions, thereby ensuring the integrity of the network.
Currently, Ethereum relies on the proof-of-work (POW) consensus algorithm to ensure its integrity, but this is slated to undergo a gradual transition to proof-of-stake (POS) with the impending rollout of Ethereum 2.0.
The advantage of leveraging a seasoned blockchain like Ethereum lies in its vast network of over 10,000 operational nodes, which collectively contribute to the platform’s seamless functionality and unwavering reliability.
Acquiring Bella Protocol (BEL): A Comprehensive Guide to Exchanges and Marketplaces
As of December 2020, Binance stands out as the premier exchange in terms of liquidity for BEL. Furthermore, this token is accessible for trading on a diverse range of exchange platforms, including MXC, Hotbit, and Binance Korea. Notably, the most sought-after trading pairs are BEL/USDT and BEL/BTC.
For those seeking to acquire BEL or other cryptocurrencies using a credit or debit card, we invite you to explore our straightforward guide, designed to facilitate a seamless entry into the world of digital assets.
Associated Resources:
Discover Hard Protocol (HARD), a decentralized finance (DeFi) protocol akin to ours, built upon the Kava blockchain.
Delve into the world of Ocean Protocol (OCEAN), a premier oracle network powering a multitude of DeFi products.
Discover the art of leveraging Uniswap with CoinMarketCap Alexandria, and unlock a world of decentralized trading possibilities.
Stay ahead of the curve with the latest news, market insights, expert tricks, and valuable tips on the CoinMarketCap blog.