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Über Bela (BELA)
Bela is an ERC-20 token that operates on Ethereum's blockchain, utilizing the same miners who process Ethereum transactions. Bela benefits from upgrades made by Ethereum's developers, and can be integrated into any ERC-20 compatible wallets and infrastructure, such as MyEtherWallet and Parity.
Bela's current supply is approximately 50 million, with around 5.6 million new Bela being minted each year. Of these, 4 million are distributed to Bela holders, while 1.6 million go towards company operating and promotional expenses. Bela offers a unique staking process that mimics proof-of-stake, allowing users to earn 3-4% interest on locked Bela for 30 days, after which a month-long maturation period takes place. Bela is one of the few ERC-20 tokens that offer staking, and an iPhone staking app is set to be released soon.
Bela's growth has been steady, with a final-release of Belacam.com launching in July 2018 after more than a year of beta testing with 3,500 users. The platform has seen strong traction since January 2019, with monthly web traffic and user engagement nearly doubling each month.
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