Bella Protocol is a platform offering a suite of DeFi products designed to simplify and make crypto banking more accessible. The protocol aims to create a better user experience by eliminating the high fee and slow transaction issues that can affect some blockchain platforms, and also enhance user experience through a simplified DeFi smart portal.
What is Bella Protocol (BEL)?
Bella Protocol (BEL) is a token used to collect network fee rewards, receive special discounts in Bella protocol products (like the robo-advisor tool), and earn staking rewards.
The project was launched in September 2020 as the first project distributed through Binance‘s Launchpool platform and secured investments from several leading firms including Arrington XRP Capital and Ledger Capital.
Bella’s smart pool feature allows users to access the best yield in the DeFi market while benefiting from almost zero transaction fees, as these are subsidized directly by the platform.
Additionally, Bella Protocol was created by the ARPA team, a Blockchain-based layer 2 solution for privacy-preserving computation. The BEL token serves as an important component of the Bella Protocol ecosystem and a reward token that allows holders to participate in the governance of the platform.
Another main feature of Bella Protocol is its simplified user experience and a wide range of products. The platform consists of these main products: Bella Liquidity Mining platform, flexible savings, a smart portal used with one-click to deploy assets with zero transaction fees in popular and profitable DeFi products, and a lending platform.
Despite being launched in September 2020, the fact that all these products are already operational is considered a significant advantage.
Moreover, the platform is supported by BEL token holders who can contribute to the governance of the platform by voting on potential upgrades, releases, and other parameters. Among other things, the BEL coin also serves as a reward for users participating in staking.
As of the time this article was prepared for publication, Bella Protocol Coin, trading at 0.0157 USD, is also trading at 0.0000004507 BTC in the BEL BTC trading pair. According to CoinMarketCap data, Bella Protocol Coin, ranked 289th with a trading volume of 50,579,338 USD, has also seen a 24-hour trading volume of 4,988,602 USD.
In addition, BEL Coin, which hit a record high of 0.0416 USD on December 29, 2020, also saw a low of 0.0066 USD on January 13, 2021. Additionally, there are currently 3,026,721,973 BEL Coins in circulation, and this number is expected to reach a maximum of 3,965,900,953 BEL Coins.
Where to Buy BEL Coin?
BEL coin can be quickly, reliably, and easily purchased through Binance, the world’s leading cryptocurrency trading platform in terms of trading volume.
Those who want to buy Bella Protocol Coin through Binance need to first become a member of the Binance platform. After completing the membership process, transactions can begin with the transfer of a fiat currency such dollars.
BEL coin can be bought in the BAND trading pair by purchasing Binance Coin (BNB), BUSD, Tether (USDT), or Bitcoin (BTC).
In addition, on Binance, users can place a buy order at a lower value than the market price.