Bella Protocol will be the first one taking part in the platform
International large scale crypto largest crypto exchange Binance has recently launched Launchpool platform. Based on information from Binance, the new platform will permit users doing secured mining of the assets and getting new tokens in return for staking BNB, BUSD, and other tokens.
The first project in Launchpool is the Bella protocol. This protocol enables users to stake their BNB, BUSD, or ARPA tokens into three separate pools to mine BEL tokens within 30 days.
Moreover, Binance will then list BEL at 6:00 AM (UTC) 09/16/2020 and open trading for BEL / BTC, BEL / BNB, BEL / BUSD, and BEL / USDT.
Advantages of BEL Token
Based on Binance information holding and using $BEL tokens will provide the possibility to get discounts for Bella services, staking, voting, and governance, and rewards.
Just to mention that the Bella protocol raised a total of 4.50MM USD via a private token sale conducted in August 2020. The most prominent investors are Arrington XRP Capital, Alphabit, David Namdar, co-founder of Galaxy Digital, Laurenz Apiarius, founding partner of BlockWall Capital, Ben Gorlick, ex-Head of Product at Blockstream, Koi Ventures, Force Partners, RockX, CGS Dubai, N7 Labs, Coinbene, Amedeo Capital, AlphaCoin Fund, Bitblock Capital, BlueHill Capital, Roark Fund, Yunshang Capital, Consensus Labs, and many others.