$0.1129

Bella Protocol offers a range of DeFi products aimed at making crypto banking easier and more accessible. It seeks to improve user experience by avoiding high fees and slow transactions, and it provides a simplified smart portal for DeFi. Users can benefit from its smart pool feature, which finds the best yields while nearly eliminating gas fees, as the platform covers them. Launched in September 2020, Bella was the first project on Binance Launchpool and received backing from firms like Arrington XRP Capital and Ledger Capital. Developed by the ARPA team, the BEL token serves as a reward and governance tool, allowing holders to earn fee rewards and access discounts on Bella products.

Bella Protocol was founded in 2020 by Felix Xu and Yemu Xu. Felix, the CEO, also co-founded ARPA, a privacy-focused blockchain that incubated Bella. He has experience as a venture investor and analyst in the financial industry. Yemu brings entrepreneurial experience and has held analyst and consultant roles. The Bella team largely comes from ARPA, comprising over a dozen members with diverse backgrounds in blockchain, finance, and product development.

Bella Protocol stands out for its user-friendly design and diverse product range. It includes liquidity mining, flexible savings, a one-click smart portal that deploys assets with zero gas fees, a lending platform, and a Robo-Advisor for investment guidance. All these products were operational soon after launch in September 2020. BEL token holders can participate in governance by voting on upgrades and parameters, and they earn rewards through staking. Bella is a strategic extension of ARPA's community into DeFi, offering a simple mobile banking experience.

Bella Protocol has a total supply of 100 million BEL tokens, with an initial circulating supply of 13.25 million. The initial distribution included 5% via Binance Launchpool, 6% in a private sale, and 2% through a public auction. The private sale on August 18, 2020, sold 6 million BEL at $0.75 each, raising $4.5 million. Additionally, 18% is reserved for the ecosystem, 4% for reserves, 40% for user growth, 10% for staking rewards, and 15% for the team. Full dilution is expected around 2025. BEL is an ERC-20 token secured by Ethereum, which currently uses proof-of-work but will transition to proof-of-stake.

As of December 2020, Binance is the most liquid exchange for BEL. It is also available on platforms like MXC, Hotbit, and Binance Korea. The most common trading pairs are BEL/USDT and BEL/BTC. For those looking to buy BEL or other cryptocurrencies with a credit or debit card, a simple guide is available to assist.