Fellow Binancians,
Binance is excited to release 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).
Users will be able to stake their BNB, BUSD or ARPA tokens into three separate pools to farm BEL tokens over 30 days, starting from 2020/09/09 0:00 AM (UTC).
Binance will then list BEL at 2020/09/16 6:00 AM (UTC) and open trading for BEL/BTC, BEL/BNB, BEL/BUSD and BEL/USDT trading pairs.
BEL Launchpool Details
- 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.
Supported Pools:
- 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%)
For further information about the project and yield calculations of each pool, refer to the detailed project page here.
Read about Bella Protocol in our research report here.
How to participate and stake your BNB, BUSD or ARPA?
Users can stake their tokens by going to the Binance Savings page and clicking on the BNB, BUSD or ARPA flexible savings products with a “Launchpool” label.
Please note: Users that have BNB, BUSD or ARPA tokens in existing flexible savings products need to stake any additional amount above 0 after 2020/09/06 8:00 AM (UTC) (after this announcement) for their existing balances to count toward their Launchpool balances. If users do not stake an additional amount above 0 within the staking period, they will not qualify to earn BEL Launchpool rewards.
How do I calculate my BEL rewards?
Staked BNB, BUSD and ARPA balances will be recorded each hour for 30 days after the staking period begins to get an average daily staking balance for each day. Rewards allocated to each pool will be split evenly every day over the 30 day period. For example, the BNB pool will reward a total of 5,000,000 x 90% / 30 = 150,000 BEL tokens per day to BNB stakers.
Each participant’s rewards will then be calculated every day based on their ratio of BNB staked compared to all BNB staked in each pool. For example, User A stakes 5,000 BNB for 12 hours during the 1st day of staking. The average amount of BNB staked across 24 hours from all participating users during the same day was 100,000 BNB. User A will receive ((5,000 x 12 / 24 ) / 100,000) x 150,000 = 3,750 BEL tokens for the first day.
Find our FAQ on how to farm BEL tokens on Binance Savings here.
Terms & Conditions
- Users will be able to un-stake their funds at any time with no delay and participate in any other available pools immediately.
- Rewards are calculated and distributed daily on the following day to user spot wallets between 0 AM and 1 AM (UTC).
- Users will also receive interest from the standard flexible savings products by depositing tokens into each product. Distributions will be made at the same time as above.
- Only tokens in your spot wallet will be able to be staked into Launchpool.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Project Links
Website: https://bella.fi
Telegram (English): https://t.me/bellaprotocol
Twitter (English): https://twitter.com/BellaProtocol
Medium (English): https://medium.com/@Bellaofficial
Discord (English): https://discord.com/invite/JamMH5P
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
2020/09/06
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