Bela Token: Receive Passive Income

4 min readMay 19, 2021

Introduction

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Definition

Today, I am gonna present you Bela Token (https://belatoken.org/), a project based on the Binance smart chain that allows anyone to earn liquid passive income using the network’s smart contracts. The main idea of the Bela team is to build its own DEX charting and data analytics platform to integrate them all together on the same platform.

Features

Advantages

Lending and borrowing: users can borrow crypto using their own Bela tokens as collateral and earn transaction fees at the same time.
Bela Charts: next-generation DEX charts will be launched and integrated into the Bela platform.
Liquidity Pools & Farms: There will be another farm pool where users will be able to earn a steady revenue stream.
Bela Analytics: users will also be able to track Bela token revenue and other Defi/crypto data metrics from a simple dashboard.

Bounty program

The project gives the opportunity to earn Bela tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (BTT_Thread_BelaToken), where you can access the link in order to see what are the conditions to become an early Bela contributor and start acquiring tokens.

For more information about the project, you can visit and read their LitePaper available here (Belatoken_LP). You can also stay tuned in their official Telegram Channel (https://t.me/belatokenorg). I hope you liked the post and soon I’ll send you new ones.

Token details

The Bela Aqua token will be the $Aqua. The token is based on the Binance Smart Chain (BSC) network, which is a blockchain network built for running smart contract-based applications, which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC. What is special about Binance Smart Chain is its low fees and fast transaction speed, but what is even more special is its compatibility with EVM (Ethereum Virtual Machine). Due to EVM compatibility, DApps developed on Ethereum can be ported (imported into Binance Smart Chain as-is), and Ethereum wallets like Metamask can be used as-is.

Roadmap

May 2021
- Bela Aqua token pre-sale
- Listing on Pancakeswap
- Instant listing on Pancakeswap immediately after listing.
- 1,000 Bela token holders
- Reach the first 1,000 holding addresses on the Binance smart chain.

June 2021
- Bela smart contract audit
- Listing on CoinGecko and CMC.
- List the Bela token on CMC and CoinGecko.
- First exchange listing
- We will list on one of the top 30 stock exchanges.

July 2021
- Launch of the first platform feature
- Launch the first function on the Bela dashboard for beta users (token holders).