Bela Staking

The BELA cryptocurrency was initially launched as a fork of Litecoin in January, 2014 by a serial coin developer in New Jersey. The current team took over BELA in November of 2016 and began repurposing the coin for the Belacam social media site. In 2018, BELA was swapped from a Litecoin-based cryptocurrency to an ERC20 token, which offered increased transaction security, 15-second transaction times, and a first-of-its-kind smart-contract staking system. Despite being an ERC20 token, BELA never ran an ICO

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.

The team behind BELA is based in Charlottesville, Virginia and pulls talent from the University of Virginia. The CEO Tyler Marx was named a Top 100 Young Entrepreneur by the NFIB, and the COO Tanner Roughton dropped out of college to build Belacam. The lead developer Doniyor Jurabayev helped write the Django programming language, which forms the base code that powers sites like Belacam and Instagram. Finally, the team is funded by angel investor Mark Galant, who founded Forex.com

BELA is the ERC20 token that powers the Belacam.com: a social media site that makes online earning fun and accessible to anyone in the world, regardless of country of origin or skill level. As of October 2019, Belacam.com has 300,000+ users from all around the world. The BELA token is traded on the Mercatox exchange.