Bella Protocol Joins Hands with SafePal and Initiates 5,000,000 SFP Airdrop Campaign
We are delighted to announce that Bella Protocol has entered into a partnership with SafePal, a crypto wallet backed by Binance. SafePal will support $BEL in both its software and hardware wallet. By swapping and holding $BEL at SafePal, investors will earn SFP rewards. In addition to this campaign, future events on ecosystem, global marketing, and more will be held.
To stimulate all participants who complete the Holding Challenges inside the SafePal App, a 5,000,000 SFP reward pool is allocated. Users who swap and hold 120 BEL will take an exclusive share of the overall reward pool for 7 days prior to January 31st.
Following is a step-by-step tutorial on how to participate:
Step 1: Download and Set Up the SafePal App
Download the latest version of the SafePal App from the SafePal download page.
Step 2: Create a SafePal Software Wallet
Create and set up a SafePal Software Wallet by following the instructions via this link.
Don’t forget to keep your seed phrase in secure locations!
Step 3: Swap 120 BEL through SafePal Swap Feature
Click the Swap tab in the SafePal App, and create a swap order for 120 BEL. A swap order will usually be completed in 15–30 minutes. Please wait patiently for the swap process. The holding amount of BEL depends on the quantity filled in at the time of swap. A step-by-step swap tutorial can be found here.
Step 4: Hold 120 BEL in SafePal Wallet for 7 Days
Once the swap order is completed, head over to the DApp Store in the App, and click the ‘Claim SFP’ DApp. Select the BEL task, and click ‘Join Now’. Once joined, you will see a countdown to the final share of the challenge reward pool.
Please note that you will not be able to claim the share if the BEL balance is below the swapped amount during the holding period. Once the balance is below the limit, you will have to wait until the countdown is refreshed on the page and start holding again.
Step 5: Take Your Share from the 5,000,000 SFP Reward Pool & Wait for Final Distribution
Congratulations holders! Now you have held 120 BEL for 7 days, and you will be automatically credited with 1 share from the 5,000,000 SFP reward pool. Campaign data will be announced and SFP tokens will be credited to your wallet accounts on February 3rd. Follow SafePal on Twitter or Telegram for the latest announcements and updates!
FAQ
When will I get my SFP?
The Holding Challenge will end on January 31st, 2021. Campaign data will be announced and SFP tokens will be credited to your wallet accounts on February 3rd. The SFP balance credited to your wallet account will be transferred to your BSC address before exchange listing.
How is my share calculated?
15–18 partners are participating in the SafePal Holding Challenge. Users can select any tasks to start holding challenges. Each task represents one share of the total SFP reward pool. The more tasks the user completes, the more shares the user can take from the total SFP reward pool.
By the time the campaign ends on February 1st, all participants who finish the ‘Swap, Hold & Earn’ tasks will share the 5,000,000 SFP reward pool. The SFP amount each participant receives is calculated based on how many participants are sharing the pool and how many tasks the participant completes. Calculation formula is as followed:
Single Participant’s SFP Reward = [5,000,000 / Number Of Total Completed Tasks] * Number Of Tasks Completed By The Participant
My swap order is stuck. What should I do?
Swap orders might take longer when the following cases happen:
1) Extreme market volatility
2) Blockchain network congestion
For the first situation, your swap order might have failed due to an extremely volatile market situation and the order slippage could have exceeded the limit. In this case, please go to your swap orders, select the order that you want to process, choose whether you want to continue the order or apply for a refund, enter the security password and confirm the execution.
For the second situation, please wait patiently for the order to get through. Rest assured that the SafePal Holding Challenge will last until January 31st, hence you have sufficient time to swap and hold the asset in the wallet.
Does SafePal Swap charge any fee?
SafePal charges 0.3% service fee upon each swap order.
About Safepal
SafePal the first and only crypto hardware wallet backed and invested by Binance has launched its token (Read the official announcement). SFP, issued on the Binance Smart Chain, represents a new milestone for the SafePal team being the first tokenized hardware wallet within the crypto space. SafePal and its ecological partners invite you to join us on the brand-new journey.
Follow SafePal on Twitter (https://twitter.com/iSafePal) or join the SafePal Telegram group (https://t.me/SafePalWallet) for the latest updates & announcements. For product inquiries, please email support@safepal.io.
About Bella Protocol
Bella is a suite of open finance products including automated yield farming tools, lending protocol, 1-click savings account, customized robo-advisor, and more. We believe everyone deserves equal access to premium financial products and services with elegant design and a smooth user experience.
Bella brings your familiar mobile banking into crypto with just one click. With Bella, you can just simply sit back, watch your asset grow, and leave all the heavy-lifting to secure, automated smart contracts.
Bella’s core team consists of serial entrepreneurs and blockchain veterans who have tremendous experience and a proven track record in finance, cryptography, blockchain, and engineering.
For more information about Bella, or to join our team,
please contact us at contact@bella.fi
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