Belacoin (BELA) was originally created in 2014 as a charity coin for organizations that specialized in helping children. A percentage of the circulating supply was donated to different organizations and used in a Bela faucet in order to try and widen the distribution of the coin.

This idea never really took off and the project switched focus in 2016 after the Ambia Fund took over development of Belacoin. A rebranding followed along with updates to the Bela wallets. The team also focused on attracting both dedicated and independent miners to help secure the blockchain.

Ambia Fund Investment

Originally based on Litecoin, Belacoin utilized the Dark Gravity Well difficulty adjustment algorithm and boasted a swift block time and was able to adopt technological advances such as SegWit and the Lightening Network.

As a result, Bela was able to facilitate fast peer to peer transactions and this helped attract the Belacam team who were looking for a suitable network that could support their social media platform.

In order to help facilitate the growth of the Belacam platform, BELA is being transformed into an ERC-20 token in order to help it seamlessly integrate into an already existing infrastructure.

What is Belacam?

Belacam is a platform that allows its users to share both pictures and gifs, and to be rewarded in BELA for uploading content. In addition, content creators can also receive BELA for each like their images get and users can withdraw their funds or use them to like other users’ photos.

The platform is scheduled to work in a manner similar to Steemit and users will be able to both interact with and reward their friends and favourite personalities, as well as organizations and other content creators.

Belacam Registration

The team behind Belacam are working in unison with the Ambia Fund team and the two parties are aiming to create a unique social platform that taps into a substantial market of photo sharing app users.

How Viable is the Project?

Social media plays a huge role in today’s society with Snapchat moving close to around 200 million users while Instagram has close to 800 million. The picture sharing sector may prove to extremely lucrative for Belacam and Steemit has shown that decentralized social media projects can definitely be successful.

While the mainstream platforms have amassed huge numbers of users, they do not directly reward content creators and they either go unpaid or enlist the help of third party sites in order to find sponsors or advertising partners. By enabling content creators to be directly rewarded by other users of the platform, Belacam has the potential to disrupt the current market and attract a significant number of young, crypto friendly users.

Belacam is also being closely monitored by the Ambia Fund which specializes in developing cryptocurrency start-ups and the Ambia team have been behind sourcing programmers and designers, in addition to managing the project’s media and public relations campaigns.

Bela is also supported by Live Bela LLC, the company behind the cryptocurrency with the team headquartered in Charlottesville, USA. They remain fully compliant and Live Bela LLC is registered with the US Government and retains the Delaware LLC File Number: #6507095.

Live Bela maintains and develops Bela’s source code, software projects, and plug-ins as well being involved in building its community.

Belacam USPs

The interaction between Bela and Belacam will prove vital as people will need Bela to pay for special features in Belacam and as the platform grows in popularity the demand for Bela will increase. Content creators are also set to receive Bela from both followers and advertisers and when they choose to exchange their earnings for other currencies, this will help create substantial trading volume for Bela, and in turn, help it to gain further traction.

In addition to the Belacam platform, Bela also supports Bella chess, an android app that allows users to play chess against a number of opponents and to receive BELA as a reward for winning.

Belacam Platform Gamma

As with any blockchain based project a lot depends on how the team manage to stay on top of developments and to also move ahead of their competitors. The decentralized social media sector can prove difficult to navigate, and while Steemit has proved to be a success, Indahash has performed badly while the team behind Props project has been forced to delay launching their video sharing platform.

Building a strong social media platform takes time, even though these projects are able to grow their user base at an almost exponential rate.

There also exists the possibility that Belacam is not well received by the general public as platforms such as Instagram and Snapchat maintain a strong hold over their users. The success of Belacam very much depends on the token revenue sharing model becoming more visible and everyday users getting more accustomed to exchanging value via tokens. The project can market itself heavily to the cryptocurrency community and build itself up from there, similar to the way Steemit has operated.

So far the project looks set to incorporate a number of positive features and Belacam includes a clean and intuitive interface and as well as interactive features such as a leader board highlighting the users who have given the most likes within a 24 hour period.

By giving away a large amount of likes on the site and making it onto the leader board users will have their profiles featured in front of thousands of other users. Features such as these can help incentivize users to interact on the platform.

The Belacam application could prove to be potentially profitable for holders of BELA as applications such as Instagram and Snapchat attract huge numbers of users, whilst Facebook and Twitter also incorporate a heavy amount of image sharing and are immensely popular.

By using blockchain technology to facilitate swift payment and rewards for liking and sharing content, Belacam has every possibility of carving out a portion of the market for itself. With a current market valuation of around $4m, BELA also plenty of room to grow and provides investors with the possibility of significantly healthy returns.

Belacam airdrop

• Register on Belacam airdrop site and verify your account. (Register via this link and earn 1 AE.)
• You will receive 10 BELA tokens.
• Share your content and earn more BELA tokens. (1 like = 1 BELA)
• Stake your BELA and earn 3% monthly.
• Get 10-25 BELA tokens for each referral.
• You can withdraw your BELA tokens anytime.
• Don’t forget to join our Telegram channel and follow us on Facebook to receive new airdrops!

Note: BELA is listed on Coinmarketcap.