Bela is a cryptocurrency designed for the social media site BelaCam.
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- How to stake BELA?
- Is there a risk to stake BELA?
A BELA holder runs the stakeBela function, which locks up BELA for 30 days within the BELA smart contract. After 30 days, the holder runs the claimBela function to recall the initial sum plus the staking reward. No desktop wallet is required, and internet connection does not need to be maintained during the 30 day staking period as the smart contract records the BELA being staked.
BELA’s smart-contract staking lowers the staking risk far below other cryptocurrencies.
It follows a unique Set-and-Forget staking schedule where a staker does not need to maintain internet connection during the staking period.