Binance launches Launchpool, a new form of IEO, users will staking BNB, BUSD to receive DeFi token
Binance has launched Launchpool, a new product where users will be able to acquire new token rewards in return for staking BNB, BUSD and other tokens. The first project to be hosted on Launchpool is Bella Protocol (BEL).
What is Bella Protocol?
Bella Protocol aims to solve current pain points in the DeFi user experience, such as high gas fees and a steep learning curve, and to onboard more users into the DeFi ecosystem.
Bella Protocol offers a suite of DeFi products for a streamlined crypto banking experience. Bella provides diversified cross-platform yield farming strategies with auto-rebalancing, and caters to both new and experienced users on-chain or via Bella’s custodian service. The project also minimizes the transaction gas fees involved by aggregating transactions and interacting with smart contracts in batches (once every 12 hours).
- Bella Protocol’s planned products include:
- Bella Liquidity Mining: Users can stake the Curve, ARPA/USDC, BEL/USDC Liquidity Provider (LP) tokens, and get BEL rewards.
- Bella Flex Savings: Offering cross-platform arbitrage yield farming strategies for stablecoins and other cryptocurrencies.
- Bella One-Click: Smart portal for deploying assets on popular DeFi products with subsidized gas fees via Bella’s custodian service.
- Bella Lending: Decentralized lending product with support of LP tokens and structured finance products.
- Bella Robo-Advisor: Generating customized portfolio of indexes, yield-earning stablecoins, and other crypto assets based on user risk profile.
- The BEL token can be used in the Bella Protocol platform for staking, fee collection, discounts for Bella services, as well as voting and governance.
- Bella Protocol has raised a total of 4.50MM USD via a private token sale conducted in August 2020, selling 6.00% of the total token supply at a rate of 0.75 USD / BEL.
- Token Name: Bella Protocol (BEL)
- Launchpool token rewards: 5,000,000 BEL (5% of Total Token Supply)
- Total Token Supply: 100,000,000 BEL
- Private Sale Token Price: 1 BEL = 0.75 USD
- Staking Period: 2020/09/09 0:00 AM (UTC) to 2020/10/09 0:00 AM (UTC).
- Staking Terms: No upper limit. No KYC required.
- Stake BNB: 4,500,000 BEL in rewards (90%)
- Stake BUSD: 450,000 BEL in rewards (9%)
- Stake ARPA: 50,000 BEL in rewards (1%)
This is a new IEO format of Binance Launchpad.
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