What is Bella Protocol (BEL) and why did it zoom over 50%?

June 08, 2022 02:53 AM EDT | By Raza Naqvi
Follow us on Google News:


  • As per CoinMarketCap, Bella Protocol debuted in September 2020.
  • Due to the price surge, the BEL crypto caught investors' attention, and its 24-hour volume was up by 180 per cent.
  • The BEL crypto acts as the governance token as the crypto holders back Bella Protocol.

As the crypto market slowly gained momentum on Wednesday morning, the price of Bella Protocol (BEL) crypto soared 55 per cent over the previous day, and it was trading at US$ 1.43 apiece at the time of writing.

Also Read: What is Firepin token? All you need to know about FRPN crypto

Due to the price surge, the BEL crypto caught investors' attention, and its 24-hour volume was up by 180 per cent to US$ 661.6 million. Meanwhile, the market cap catapulted to US$ 69.23 million at 2 AM EST.

The valuation of the global virtual currency market has increased by three per cent in the last 24 hours to US$ 1.25 trillion. Due to high volatility, the crypto market cap keeps fluctuating either positively or negatively.

What is Bella Protocol?

It is a platform that offers a wide variety of Decentralized Finance (DeFi) products and wants to make crypto banking accessible to all. The protocol aims to enhance the user experience by providing higher transaction speed and charging a nominal fee compared to its rival platforms based on blockchain technology.

As per CoinMarketCap, Bella Protocol debuted in September 2020, and it was the first project to be distributed via Binance's Launchpool platform. The protocol has attracted funding from notable organizations like Arrington XRP Capital.

Bella Protocol's major characteristics are providing a suite of DeFi products and a user-friendly interface. The Ethereum network secures the BEL crypto, which is an ERC-20 token. This is now protected by a large mining network, which ensures that the network remains in agreement on valid and invalid transactions.

BEL crypto

The BEL crypto acts as the governance token as Bella Protocol is backed by the crypto holders, who can vote on issues related to the platform and contribute to its governance.

The governance token also acts as a reward for users who, among other things, participate in staking.

Bottom line

The Bella Protocol token has a total supply of 100 million BEL tokens and a circulating supply of 13.25 million tokens.

A significant amount of the initial supply was dispersed through a Binance Launchpool, with participants receiving 5 per cent of the overall supply. Furthermore, 6 per cent of the overall supply was sold privately, and 2 per cent was sold at a public auction.

Despite the significant rise in the price of the BEL crypto, investors must research before investing as the prices may drop anytime due to increased volatility in the market.

Also Read: Why is Harmony (ONE) crypto rising today?


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK