We are a private cryptocurrency investment group, and we have been working with Belacoin since early November to build the cryptocurrency up. By taking Belacoin from a market cap of nearly $200,000 when we started to over $1 million, we have created an enormous amount of wealth. We have brought it back from the dead, providing new working wallets, a large community, and a new future.

This fund was launched before we had a cryptocurrency in mind. We researched into Geocoin, Syscoin, and a few others before deciding that we could have the most profound impact working with Belacoin. At the moment, we are only focused on working with Belacoin, although in the summer of 2017, we hope to reach out to work with and invest in other blockchain-based cryptocurrencies or startups.

By working with Belacoin and building up a reputation for success, we will be able to attract the best minds and big funding to future projects. For example, a startup probably would not want to work with us if we had no history. If it's June, we have successfully launched Belacam and Belacoin has a market cap of $10 million or more, they would be very receptive to taking our investments and guidance. To one extent, we are using Belacoin as our proving grounds, where we cement a reputation that will stick with us for years. This is part of why you can trust that we will act honorably with Belacoin.

Second, our hope for Belacam is to get it acquired by some larger tech player. For example, Alphabet or Facebook could potentially purchase Belacam for millions of dollars in an effort to acquire the technology, the community, or a mix of both. There is great value that comes from Belacam: by passing money around with each click of the "like" button, it actually makes one of the world's most streamlined forms of money payment. It's easier than sending Bitcoin, and it's easier than PayPal as well.

If Belacam gets acquired, the tech company may continue Belacam under their own leadership. This bodes very well for Belacoin because as much as the community has come to cherish our work, we can all agree that a business like Alphabet or Facebook working with Belacoin would be even better. They have access to virtually unlimited funding, and they have attracted the best minds and talent over the years. If one of those companies jumped behind Belacoin through Belacam, it would not be unreasonable to see Belacoin begin to rival cryptocurrencies like Litecoin and Ethereum.

In Summary:

We are a group of venture capitalists that take a more hands-on approach with our investments. Our main investment in Belacoin is Belacam, and we hope to get returns by selling Belacam. This removes the moral hazard of a developer selling his share of a coin and then abandoning the project, and our community loves this fact. Our motives are not linked to the price of Belacoin.

Around the summer, we intend to open up our portfolio to other projects and hire more team members to take on those projects. We have been a great accelerator for Belacoin, and we hope to do the same with many other startups in the future.

For now though, our focus is 100% on Belacoin and Belacam.

We have a log of Belacoin addnodes in our Wallet setup guide: http://belacoin.org/windowswalletsetup.pdf. If you are working with the Mac wallet, the addnodes are the same.


Addnodes

104.172.24.79
128.68.43.145
144.76.71.141
157.161.128.63
167.160.36.126
173.212.199.201
198.27.81.25
45.55.150.64
46.105.118.15
70.181.47.97
78.94.32.195
85.173.91.52
85.175.216.200
98.115.147.74

Reminder: Belacam will go into closed testing on February 28th. Screenshots will be released on or before February 28th. Once closed testing begins, we will have plenty of Belacam promotional material, and we will be getting things ready for an open testing (open Beta) that is planned for the following March.

During closed testing, we will be probing for security vulnerabilities in the Belacam network and testing various designs/features to see how users interact with them. The closed testing is limited to The Ambia Fund team members, programmers who worked on Belacam, and users that we may authorize (professional system securities contractors, etc.).

We've been talking about Belacam since November, and we're very happy to be leaving the programming/design stage and launch into the testing phase. It marks a great milestone that commemorates the incredible hard work that the Belacam programmers have performed. We are very proud of the team and what they've done, and we can't wait to share Belacam with everyone else.

Join our Slack at http://Belacoin.herokuapp.com to interact with us and discuss Belacam with the other Belacoin community members.

We thank you for that. Once we're working on user acquisition on a larger scale in March and April, we would love to reach out to get your insight. We know that European consumers and American consumers have their differences, and your insight would be valuable for our international/traveler user acquisition.

@D3m0nKinGx We are hoping to add Belacoin to Bittrex sometime in the next 6 weeks. When we have the time, we will compile the documents that they need to fully review Belacoin. Volume on Poloniex has been impressive and sustainable over the past few weeks, and we believe that the increased volume and Belacam developments make Belacoin an attractive coin for most exchanges.

Thank you for your insight. It's great to hear the thoughts of someone with relevant experience in marketing. First off, please let us say that this does not represent our full analysis of Belacam's target market. When making our internal plans, we go much more in-depth to know as much as we can about each group. Our real target market, of course, is much more defined than just "all travelers." A retired couple who travels twice a year would not fit well into our target market. Therefore, the description of our target markets above are somewhat simplified in order to easily inform the average Belacoin community member. In conveying our marketing goals to somewhat with your experience, we would delve deeper in our explanations.

That's the reason why we say "Millennials" when our specific target market within that subgroup would be something more along the lines of young males, without a college degree, tech-savvy, entrepreneurial (and may see Belacam as a place for him to earn money), informed and aware of cryptocurrencies, and spends more time on his computer than his phone. We want you to know that while we say "Millennials" are a target group of users, we do so for the sake of simplicity and getting our point across. Our internal workings utilize much more thought-out and researched plans.

As for considering travelers to be a high-growth sector, we mean the part that states "international travelers has increased by 50 million people each year over the past decade" rather than the part that states "98% of millennials take photos when traveling abroad." Those two numbers combined tell us that the majority of new international travelers each year will be taking pictures as they travel and will therefore be a bit more inclined to use Belacam than a non-photographing traveler.

@u15776, We're glad that you've joined our slack and have been contributing well in it. While we have answered your question in there, we will also answer it here for any non-Slack members who may be wondering the same thing.

While Belacoin's maximum supply is 54 million coins, it will be decades before it reaches its maximum supply. We are less than 6 months away from the next block reward halving, after which only 25 Belacoin will be given with each found block.

We recognize that if we can create an atmosphere of "You have to give Belacoin to receive Belacoin" in Belacam, the flow of money should be very fluid and streamlined. We have a couple ideas about how to accomplish this, and we will be testing multiple methods in our closed testing (should begin in 14 days or less).

Once Belacam integrates advertisers, the door is opened up to many different ways of facilitating the transfer of money. It would be very easy for an advertiser to pay a small amount of Belacam to a user who interacts with their advertisement, for example.

Today at our meeting, we got to see another live demonstration of Belacam. There's still work to be done, but it is moving well. Comments were streamlines, and once they receive a little bit of design improvements, the main feed of Belacam will nearly be complete. Once we have the main feed finished, we will release a screenshot.

Also, GIFs were integrated into Belacam. Users can post GIFs and they will display  just in a moving fashion. Allowing users to post GIFs gives them the ability to post higher quality media, increasing the likes and Belacoin that they will receive as a result.

The next things that will be worked on are the messaging system (direct messages) and improving the user's profile page. The upload page will also be streamlined to allow for drag-and-drop uploads. This simplifies the process of posting content for Belacam users on the computer.

Belacam Progress Meeting

About an hour ago, we finished up our Belacam progress meeting. One of our members met with the lead developer of Belacam to get a status update on the latest updates. We have also planned 2 more meetings that our whole team will travel to attend to meet with all of the programmers involved.

We got it set up so that our team can remotely view the progress on Belacam as more stuff is added. We made a clearly defined internal plan for what needs to be accomplished next, and it's mostly little stuff. Things like streamlining messaging capabilities between accounts, making the feed of posts that you see contain only members whom you follow, etc.

The best news was that our lead developer says that beginning closed testing this month (aiming for no later than February 28th) should be doable assuming no emergencies arise. Right now, February 28th is the date that we are looking at for the beginning of the closed testing. We may begin earlier, and if we do, we will let everyone know. Once closed testing begins, expect to see frequent Belacam screenshots, occasional promotional videos, and status updates.

What is Closed Testing?
Belacam's closed testing consists of having the Belacam network live and functional for select members. Our internal team, the programmers, and security testers will be in the site. We will be making sure that everything runs smoothly (identifying and fixing bugs), playing around with changing the design to better suit the user's actions, and trying our hardest to break the system.

Why would we want to break Belacam? Breaking it only means finding vulnerabilities within the system. Once we find one, we will patch it and try again. We will continue doing this until we can no longer find any vulnerabilities in the code. If we can't find any (and we built the code from the ground up), then it is unlikely that a third party with malicious intent would be able to hack Belacam.

Security is a priority for us with Belacam. Since users are putting Belacoin into Belacam, we need to be able to safely store that money. We currently plan to use a cold wallet to store users' Belacoins. Beyond that, we want to make sure that acquired data remains safe as well.

We are going to recommend that the community looks at Cryptiply with extreme caution. Remember, there is no reason to invest now. Allow them 6 months or more to prove themselves. If 6 months have passed, they have built a great reputation, and they are still delivering the same returns they promise, then you can begin to research them.

In general though, you are all here reading this thread because you are insightful cryptocurrency traders and investors who stay up to date with the latest altcoin news and updates. Anyone in this thread (a thread for a cryptocurrency with a market cap under $750,000) is clearly more involved than the average trader. Therefore, you are probably better at trading and investing than the average trader.

Your money is best managed by you and no one else.

We hope to begin a closed testing of Belacam in February and launch an open testing in March.

The user base of Belacam will not rival Instagram or Snapchat as those social media apps have had years to break into the industry and gain traction. However, we do not need to be as large as them to find success.

Steemit had 13,700 active users at it's peak and possessed a market cap of $412,000,000 at the same time. That is a valuation of $30,073 per active user. If the same numbers hold true, Belacam does need hundreds of thousands of users for it to be successful. For example, modeling Belacoin's market cap with only 10,000 active users (and using the same Value per Active User), Belacoin would be worth $300 million. That is 500 times more than today's market cap.

These numbers are strikingly outlandish, yet we have seen Steemit valued by the same metric. We also look at Belacam as a competitor to Steemit, so the numbers are relevant.

Belacam's Users
We break down Belacam's target audience into 4 separate groups:

• Travelers: 98% of millennials take photos when traveling abroad. In 2015, there were 1.2 Billion international travelers, and the number of international travelers has increased by 50 million people each year over the past decade. Travelers are a high-growth target market.
• Millennials: Millennials are considered to be people between the age of 18 - 35. 90% of millennials report using social media. In the United States, there are 75 million millennials. This age group possesses a disproportionately smaller amount of the aggregate wealth, with Generation X Americans and Baby Boomers possessing more.
• Artists and Photographers: Professional photographers in the United States earn an average income of $19,000 per year, putting them at a level below the US poverty line. Belacam would provide artists with a gallery and the ability to receive cryptocurrency payments for sharing their photos, art, and passion.
• Comedy and Meme Lovers: Social media has become a primary avenue for sharing comical images and memes. Users who browse Belacam for memes will transcend demographic boundaries but arise more from the millennial and tech-savvy crowd. These users will be more receptive to the idea of cryptocurrencies than Generation X users or Baby Boomers.

@Bulletdodger, that issue is one that is likely specific to your miner or mining software. In our slack at http://Belacoin.herokuapp.com, we have a channel called #mining. If you post your question there, there may be some community members that are able to help. The issue is not one with Belacoin or Belacoin's blockchain, but regardless, someone in there may be able to help.

Belacoin's current use is for Bellachess, and we have been working to give it more real life uses. With our 2017 Belacoin Invest Initiative, we gave $500 in grant funding to businesses and apps that would use Belacoin. You can see these businesses at http://Belacoin.org/invest. They are in varying stages of completion, and their releases will be exciting times for us.

It is somewhat humorous how we do great real developments (wallets, bringing aboard 3 new Belacoin businesses, Belacam, etc.), and then a frozen and unfrozen market is what sends Belacoin's price the highest. For those who first join us in this surge of attention, do know that you are joining a strong project that is backed by more than hype.

Join our slack at http://Belacoin.herokuapp.com and read through our website at http://Belacoin.org.

Belacoin is live on Poloniex.

We do not have any new/more info than what we have written in previous posts on this thread.

We're happy you're interested in mining Belacoin! On http://Belacoin.org, we have compiled Belacoin mining pools that we know and like. There should be about 4 or 5 of them on there.

We agree. We will message @androidcryptogames to ask him to update the original post with the latest Github.

Yes, our latest GitHub is here: https://github.com/gjhiggins/bellacoin/tree/rebrand
The most recent update was made around on December 15th, 2016.

It has been a crazy (and inaccurate) day with the markets being frozen on Poloniex and the price surge on NovaExchange. Unfortunately, the market cap and price that coinmarketcap.com shows is necessarily indicative of Belacoin's real price and value at the moment, although we're working hard to bring it there.

We do not have knowledge on the workings of their exchange. It is likely a lot more complicated than simply downloading and syncing the new wallet. Another potential scenario is that they started the update and ran into some other error halfway (for example, say the programmer tasked with making the switch got sick or some other larger issue came up, and he had to leave to go fix that).

Please keep in mind that these are only our guesses. We do know that the Poloniex team is working as quickly as they possibly can to fix it.

We do not have a timeframe on when the Belacoin market will be unfrozen on Poloniex. The moderators of Poloniex have confirmed that the market is frozen for Belacoin's wallet maintenance (we released new wallets and updated the GitHub code in December).

Here are some official words from Poloniex moderators in the Trollbox:
Thoth: "support is working to resolve the site issues as we speak."
smallbit: "Your bela is not going anywhere" (meaning your Belacoin funds are safe and secure)

Their internal support team is working to get the Belacoin markets back online as quickly as possible. Let's show Poloniex patience and respect. Your Belacoin funds are safe. Let's look forward to working with our http://Belacoin.org/invest businesses and Belacam.