What Is Bella Protocol (BEL)?

The Bella Protocol is a DeFi (decentralized finance) project where users can deposit their DeFi products and experience improved yield from computer-assisted trading strategies, either on the blockchain or via the platform's custodian services. The Bella Protocol offers a variety of DeFi products such as hybrid yield framing, lending protocol, one-click saving account, and custom Robo-advisor. The platform aims to use the majority of the revenue generated from transactions and services of the network to reward long-term staker/liquidity providers. Liquidity is the easy conversion of an asset into traditional currency without impacting the market price. 

According to the website, many DeFi products in the crypto world are blocking new users due to the high gas fee, slow speed, and poor user experience. Gas refers to fees required to conduct a transaction or execute a contract on the Ethereum blockchain. The platform offers a one-click design to deal with the problems mentioned above. Users don't have to juggle between multiple protocols to farms for improved yield. The one-click design works for users and helps them grow their assets. Similarly, Bella Flex savings is a smart Robo-advisor that helps users achieve risk-adjusted, sustainable returns for multiple cryptos and stablecoins in the market.  

The BEL token is the governance token of the Bella Protocol. A governance token is a token that empowers its owners to participate in the voting to shape the future of a protocol. The ecosystem of Bella Protocol allows token holders to vote for potential upgrades, new releases, and parameter fixes. The token holders can also stake their BEL coins. The BEL holders get discounts in service fees as DeFi protocols and Robo-advisors charge a percentage of the profit for custodian service. Users can discount the amount when disbursing with BEL coins.  

In tokenomics, the platform has distributed the total supply of the tokens as follows:  

• Fifteen percent of the tokens are kept for the team of Bella Protocol.

• Ten percent of the tokens have been allocated for staking.

• Forty percent of the tokens are kept for user growth.

• Four percent of the tokens are kept for reserve for future usage.

• Eighteen percent of the tokens have been allocated to the ecosystem of the Bella Protocol. 

• Six percent of the tokens have been allocated for private sale.

• Two percent of the tokens have been allocated for auction.

• Five percent of the tokens are kept for the launch pool of the platform.  

History of Bella Protocol (BEL)

The total supply of BEL tokens is 100,000,000 BEL. The team of Bella Protocol was formed in the first quarter of the year 2020.