The world’s largest crypto exchange, Binance launched its Launchpool platform on September 6. According to Binance, the new platform will allow users to securely own new assets and users will be rewarded with new tokens in exchange for staking BNB, BUSD and other tokens.
The first project on Launchpool is Bella Protocol, where users can stake their BNB, BUSD or ARPA tokens into three separate pools to farm BEL tokens for 30 days, starting from 2022/09/09 00:00 (UTC ).
Additionally, Binance will then list the BEL at 6:00 AM (UTC) 09/16/2022 and open trades for BEL/BTC, BEL/BNB, BEL/BUSD, and BEL/USDT.
Benefits of BEL Token
Binance says there are many benefits to holding and using the $BEL token such as discounts on Bella services, staking, voting, governance, and rewards.
Notably, Bella Protocol raised a total of 4.50M USD through a private token sale that took place in August 2022. The most prominent shareholders are Arrington XRP Capital, Alphabit, David Namdar, co-founder of Galaxy Digital, Laurenz Apiarius, founding partner of BlockWall Capital, Ben Gorlick , former 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 more.