*This post has been written by Hedgehog, an MCS influencer and one of Korea's famous cryptocurrency key opinion leaders.
Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.
Here are the details of the Bella Protocol staking on Binance Launchpool, which began on September 9.
🗣 The Details of Bella Protocol on Launchpool
- Token Name: Bella Protocol (BEL)
- Launchpool Allocation: 5,000,000 BEL (5% of Total Token Supply)
- Total Token Supply: 100,000,000 BEL
- Staking Period: Sept 9, 2020 00:00 (UTC) ~ Oct 9, 2020 00:00 (UTC)
🗣 Bella Protocol Staking Pool Type
- BNB: 4,500,000 BEL(90%)
- BUSD: 450,000 BEL (9%)
- ARPA: 50,000 BEL (1%)
🗣 Staking Reward Calculation
The balances of staked BNB, BUSD, and ARPA are recorded hourly for 30 days and are used to calculate the daily average of staking balance. The rewards allocated to each pool are distributed daily for 30 days. For example, BNB pool distributes 150,000 BEL (=5,000,000 * 90% / 30) every day to the staked users.
Each participant's reward is calculated based on the participant's BNB staking ratio to the total BNB staked in the pool every day. For example, User A has staked 5,000 BNB for 12 hours on the first day. On the same day, when the amount of BNB staked by all participants for 24 hours is 100,000 BNB, User A will receive 3,750 BEL(=(5,000 * 12 / 24) / 100,000) * 150,000) as a reward on the first day.
🗣 Please Note
- There is no lockup, so users can unstake their assets anytime.
- Rewards are calculated and distributed daily on the following day to user spot wallets between 0 AM and 1 AM (UTC).
I am a Bitcoin margin trader, Hedgehog. Thank you for reading this post.
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