Recap on Bella Protocol Community AMA: Preview on Product Updates, Features, and Launch Date

What has the team been up to after listing on Binance? Could you give us an update on recent progress?

Could you please shed some light on Bella Flex Saving? When will it be launched, and what are the key features etc.?

What are the future plans for what’s left in the Bella product matrix?

  • DeFi — Flex Savings plugin: users can invest balance into Flex Savings with ZERO gas fee. Unlike Flex Savings, One-Click will accrue interest T+1 day as we aggregate all user orders. Users can also see the transaction hash for transparency purpose.
  • DeFi — Liquidity mining plugin: users can join BEL liquidity mining and many other pairs. This may incur potential loss but APY is much higher.
  • Quantitative asset management.
  • Asset allocation etc.

What will be the function of BEL in Flex Savings?

  • Users can get base reward and additional rewards in BEL tokens by staking stablecoins, ARPA and UniSwap LPs.
  • A certain percentage of the proceeds from the reward generated will be used to buyback and BURN BEL tokens.
  • With emission rate decrease for BEL liquidity mining, and BEL Locker going live, there will surely be fewer BEL in circulation which will be beneficial for token performance.
  • We want to build applications with clear business models and create value for users. Both Flex Savings and One-Click lower user barriers, save gas fee and time for users. For Flex Savings, say we earn 15% interest rate for users, we will take 4% of that interest to market-buy BEL token, part of it will be used to reward BEL stakers, and part of it will be burned. For One-Click, a centralized custody will be able to support many business lines, for example quantitative asset management, smart asset allocation etc. We function as an asset manager, earn money for users, and earn part of that profit to benefit BEL token holders.

You have collaborated with DEGO finance. Are you also going to launch a special NFT for Bella Protocol through DEGO?

There was a mention that there is a BEL token burn by using Flex Savings. Does that mean that the more people use this product the more BEL token will be burnt and in turn reducing the inflation ? Will there be a portal to show how much tokens are burnt?

By using BEL Locker, can I prematurely end the locking period ? If I can, what will be the consequences? Do I lose all the interest ? Or will it be pro-rated ?

What about BEL Locker, what is the minimum BEL needed?

What can we expect to see from Bella Protocol in the short-term (at some point in 2020) and 2021 and beyond (long-term goals)?

What is the relationship of Binance LaunchPool with Bella?

As crypto users we don’t want to lose our assets to some scam projects that run away and disappear with our money so why should we invest in the Bella as a long-term investment?

How important is the community to you? and how can we collaborate or help you for the development of the project?

Will you regularly share the Total Value Locked in Bella Locker?

How does the Bella Protocol team assess the risks associated with market uncertainty and volatility? Is there a market risk hedging mechanism to ensure user safety?

Bella offers the possibility of making arbitration either on-chain or with the service of custodian. What are the advantages of using the custodian service? Bearing in mind that we must “trust” since we would not handle the private keys.

I came cross the profile of Bella, so basically it says you will revolutionized the Central mobile bank. But how do you see the internet banking like Paypal? Will you turn over those institutes as well?

What’s the total amount of tokens you plan to burn ?

About Bella

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Bella Protocol

Bella Protocol

1.3K Followers

A suite of DeFi products to bring your familiar mobile banking into crypto with just one-click.