"CeFi" is not falling behind! Binance launches new product: new coin mining "Launchpool"

Due to the strong rise of DeFi, various mainstream centralized exchanges have been slightly dim this year, and therefore actively involved in the DeFi field. Binance previously launched "DeFi Staking" in August, where users can stake BNB on the decentralized lending platform Kava to earn profits; on the fourth day of this month, they also launched an Automated Market Maker (AMM) platform - Binance Liquid Swap; on the sixth day, they launched a new coin mining project: Bella Protocol (BEL).

New Coin Mining Launchpool

According to an announcement from Binance on September 6, starting at 8 a.m. Taiwan time on September 9, a 30-day mining project will be launched. Users can stake tokens such as BNB, BUSD, ARPA to receive Bella Protocol (BEL) mining rewards, with BNB being the main token as follows:

• BNB Pool: 4,500,000 BEL available for mining (90%)
• BUSD Pool: 450,000 BEL available for mining (9%)
• ARPA Pool: 50,000 BEL available for mining (1%)

The total mining volume for this project is 5% of the total BEL issuance, with an initial private sale price of $0.75. Token details are as shown in the image below:

BEL tokens will be distributed to the mining pools based on a 30-day average. Binance will allocate BEL rewards based on users' hourly holdings snapshots. The daily mining quantity for the BNB pool is calculated as: 5,000,000 x 90% / 30 days = 150,000 BEL

The actual rate of return depends on the amount of funds participating. For example, if all users in the pool contribute 100,000 BNB and User A contributes 5,000 BNB held for 12 hours, the reward for the day would be:

((5,000 x 12 / 24) / 100,000) x 150,000 = 3,750 BEL

((Amount held x Hours held / 24 hours) / Total BNB pool input) x BEL daily issuance

BEL rewards will be distributed to user accounts between 8:00 and 9:00 the following day.

All-in-One Asset Management Platform Bella Protocol

According to official statements, Bella aims to reduce the barriers for DeFi novice users, and its product offerings include:

• Lending: Bella Lending
• One-Click Investment: Bella 1-Click
• Flexible Savings: Bella Flex Savings
• Robo-Advisor: Bella Robo-Advisor

Among these, "Bella 1-Click" is a product set to launch in the fourth quarter of this year, focusing on simplifying and streamlining complex DeFi operations for novice users.

Bella Protocol will issue 100 million BEL tokens as governance tokens, allowing holders to participate in governance, voting, receive dividends from staking, and enjoy fee discounts.

Binance will launch the Bella Protocol (BEL) trading market on September 16 at 14:00 Taiwan time, offering trading pairs such as BEL/BNB, BEL/BTC, BEL/BUSD, BEL/USDT, and more.