Belacoin.org is out, and it seems everyone likes it! Belacoin is up 16%, indicating that the website is well-received and excitement is brewing for the future, especially tomorrow. We will be handing out the giveaway Belacoin tomorrow with $500 in funding, proving that we have put money behind our words. This should ameliorate some fears, allowing for more growth.

Furthermore, we will detail Belacam in great detail to the public tomorrow. The public knows what Belacam will do, but that's about it. We will be able to share our Belacam roadmap, target market segmentation, and financial projections. This information will all be brand new and should help aid skeptical investors in making their decision.

1) The website is coming in just a few hours. It looks great so far, and we think everyone will be pleased with it. It's nothing spectacular, so we don't want people speculating upon some big surprise with it. It contains a brief overview of the Belacam project, the Bellachess project, some statistics about Belacoin, some short information about the Board of Advisors, a contact form, and a little more. The thing that is great about this website though is that Belacoin has not had a website for the past few months/year. Without a website in the past, it has shown growth over time. Once we have a website up for Belacoin later today, interested people will have a place to go to get more information about Belacoin. This should help maintain the positive growth trend that Belacoin has seen over the past year, especially the past week.

2) We are not Russian. We live and work in the United States. Please reference our posting times for bitcointalk posts, slack posts (for those in it—email us to get an invite), and twitter posts. You will find that we are always active during the normal bounds of a day here in the United States. If we lived in Russia, this would mean that a heavy share of our activity would be performed between 12am and 7am. Regardless, ethnicity should always be a non-issue. Judge us on our work instead. Judge Belacoin on the website, the established Bellachess app, and the upcoming Belacam app.

3) weilichesbin was banned from our slack for cussing at other members, posting a pornographic link, asking for money, and making racist ramblings. Take that into account when deciding how much merit to give his accusations.

4) Skepticism at such an early stage is more than expected! With the release of the website later today, we hope people will understand that we have been performing the developments that we say we are. When each retweeter receives $1 worth of Belacoin on Sunday, we hope people will less question our dedication to funding this project. Belacam is still in progress, so we are unable to release previews into that. As soon as we can, we will begin releasing screenshots of the app.

5) Our financial incentive here comes from the opportunity to build Belacam up to the level of an acquisition. Steem, which follows a similar business model as Belacam, reached a peak market cap of $412 million. We believe that we can build Belacam and Belacoin up greatly, and our large exit would come from selling Belacam to some larger corporation: Google, Facebook, Twitter, or another. If we perform any indecent work through the course of this project—scamming or other illicit actions—our opportunity to go through an acquisition goes out the door. We will maintain integrity while working with Belacoin and Belacam. This also sets the stage for future investments. If we act in a way that causes the cryptocurrency community to lose trust in The Ambia Fund, we will be unable to secure partnerships and strategic investments in other parts of the industry.

We have a major financial incentive to act with integrity.

The website looks professional, and we're excited for it to be released later today. The real excitement should be coming tomorrow though. Tomorrow, our team is traveling to meet together with our programmers (for the second time) to deliver some great work on the Belacam idea—the real powerhouse behind Belacoin.

weilichesbin was banned from our Slack group earlier today for the following reasons:

• cussing at other users
• asking for $750 to retweet our tweets
• posting a link to a pornographic twitter account
• claiming we offered to pay him to "pump" Belacoin
• claiming the old Belacoin developer was going to shut down Belacoin
• claiming The Ambia Fund is a scam

We have made our intentions with Belacoin well known: we are making a website for it, cleaning things up, then passing management off to a third-party lead developer. Then, we will be focusing on building Belacam, a private, non-traded company that will run with the help of the Belacoin blockchain. There are no surprises in this timeline.

We have been in contact with both of the previous Belacoin developers, and they have each wished us well. As recently as last night, the old Belacoin developer was speaking positively about our project in the Poloniex trollbox: http://www.polonibox.com/?username=syntaks

He was the developer before Belacoin was somewhat taken over by him around a year ago. Everything is fine though as Syntaks is working on Neoscoin and doing a great job there. We are supportive of his work, and he is supportive of ours.

We recognize that there will be skepticism in Belacoin. As we move forward, we will have more opportunities to prove our work, particularly on Saturday with the release of the Belacoin website. Before The Ambia Fund started working with Belacoin, the coin did not have a website. Saturday, it will. On Sunday, we will be paying out Belacoin to all those who participated the Twitter giveaway. We have set aside $500 to fund this, and we will demonstrate our ability to follow through.

Regarding the Purpose of Belacoin
A couple of you have pointed to something that was written in 2014 by the first developer of the coin in an attempt to say that Bellachess and Belacam are bringing the coin off track. The coin's purpose, while first as a charity coin, has since evolved over the past 2 years with consent from everyone involved.

Belacoin changed to a coin that fueled the Bellachess app. Within the next 2 months, we will be integrating it into Belacam, giving it another purpose. We made sure to reach out to both @twoturtles (Syntaks) and @androidcryptogames before making this move.

@twoturtles is doing great things with the Neos project, so take a moment to check that out. @androidcryptogames is responsible for the Bellachess app on Google Play, likely what has been the driving force behind bringing Belacoin from a price of 35 sat to the ~800 sat range over the past year.

Now, we have control of Belacoin, at least until we have sourced a developer who can focus on and nurture Belacoin while we finish building our Belacam site. This timeline is expected to move rapidly, and we believe it will bring positive attention to the Belacoin project, translating to a rapid but supported increase in the price over the next couple of months.

Trevon made the video independently; that is, he was not paid or rewarded in any way for the creation of the video. We appreciate the support from independent parties in whatever way it may come. He speaks in a humorous way, and there is little doubt that he is successful at targeting a niche group of cryptocurrency enthusiasts.

We want to confirm that http://belacoin.org is the official website and https://twitter.com/BelaCoin is the official twitter.

The name has been changed to Belacoin. We recognize it may cause slight confusion, but it better fits with our upcoming Belacam project. In the event that Belacam achieves adoption beyond the cryptocurrency community, it will be much more helpful to have the cryptocurrency be spelled in the same as the site.

If You're New
Here are some great resources to read over to get a well-rounded look into our project.

http://ambiafund.com/Upload/BellacoinPressReleaseI.pdf This outlines our goals for the project and speaks about the consent we got from both previous Belacoin developers, proving this isn't a fake project.

http://www.ambiafund.com/team/belacoin/ Here is our investor overview, hosted on the Ambia Fund website. It details why we chose Belacoin and what we plan to do with it.

Beyond those two resources, reading through some of our lengthy but informative posts on this thread should provide some more facts that may have been omitted from the press release and the investor overview. They're long posts, so we think that the average reader simply skims or jumps through them. If you take the time to read them, you will find more information than what the vast majority of Belacoin supporters possess towards the project.

On July 20th, Steem reached a peak market cap of $412 million. This represents the maximum valuation that Steem has achieved in the past. Using their peak market cap for our analysis helps us better predict Belacoin's peak market cap.

Thanks for adding Belacoin! It's always great to have an extra mining pool to pass along to Belacoin's mining enthusiasts.

Thanks for adding Belacoin to Sky Pool! It's always great to have another place to direct Belacoin miners.

It's likely that the price increase is related to the work that we've been doing for Belacoin. We believe that if we put our heads down and work hard, the price is bound to follow. Although it should be noted that our primary focus will be more on Belacam rather than Belacoin. Currently, we are doing our best to source a lead developer, someone with even more experience and insight, to lead the Belacoin project. Prices could be rising based on positive future expectations about what a strong lead developer could mean for the Belacoin project. Under the right leadership alone, there's no reason that Belacoin couldn't grow from a $300,000 market cap to a $10,000,000 market cap, representing a 33x increase in the price.

When the price pull from Belacam is fully realized, we expect that the price of Belacoin will rise and fall in relation to the hype that surrounds Belacam. It's no secret that our goal for Belacam is an eventual acquisition by some larger player, and such an event would likely bring massive attention to the Belacoin project as well. When the success of Belacam is factored in with the work of a strong lead developer, Belacoin could start attracting other social media projects to grow on top of its blockchain and could start competing with the top 10 alt coin projects.

Belacoin has grown 70% over the past week, seeing positive growth in 7/8 past days. We have yet to even release the full details of the Belacam project. This Sunday, we will be sharing full details of Belacam to the public.

As we've stated before, we have provided the team behind Belacam with a blank check to carry out their work. The expenses so far have been minimal—hosting, logo design, and travel. We anticipate most of the funding will come into play when the team has finishes the Belacam project and needs to perform marketing to get the word out there. This is the area in which we anticipate expenditures of $5,000-$50,000.

We have witnessed cryptocurrency social media projects like Steemit and Synereo explode to multi-million dollar valuations. At one point, the market cap of Steem was worth $412 million. These past performances demonstrate the opportunity to build Belacam up to the level of an acquisition or an IPO.

Equity in Belacam has mostly been divided up among The Ambia Fund and the Belacam programmers, with about 6-8% set aside for an option pool. In the rare but possible event of either an acquisition or an IPO, all Belacam shareholders will receive a hefty payout.

To better explain, let's assume that there is a 5% chance that Belacam is acquired for $15 million, and a 95% chance that nothing happens.

.05*15,000,000 + .95*0 = $750,000

In this example scenario, Belacam's worth to its stakeholders is $750,000. Therefore, investments into Belacam should not exceed $750,000, but any investments below that amount would be a smart decision. Since we don't anticipate expenses of Belacam development and early-stage marketing to pass $750,000, we simply provide a blank check to the working team. Moreover, The Ambia Fund must approve of every large expenditure, so the money is constantly accounted for. The programmers also have large financial incentives to work with honesty and diligence. A programer with a 10% stake in Belacam stands to make a $1.5 million payout (pre-tax) in the event that Belacam gets acquired.

Please realize that the example above was an overly simplified example used for explanation purposes only. The numbers are made up, and our real calculation takes into account many more potential payouts at varying levels, both above and below $15 million.

What this means for Belacoin and Belacoin Investors
Belacam is a private startup that is separate from Belacoin. Belacam uses the Belacoin blockchain, and users of Belacam will have to buy or obtain Belacoin in order to fully use the site. In the past, the cryptocurrency community has seen a link between a coin's market cap and the valuation of the largest private company on the coin's blockchain. When Steemit surged in popularity, Steem's market cap increased from about $2 million to $412 million. When the Safe Network began public testing, MaidSafeCoin's market cap increased to $54 million. When Synereo's social media site began to receive much public attention in mid August, the market cap of their cryptocurrency increased to nearly $26 million, more than 4 times its current market price.

As Belacam chases success, history has shown that it is likely that Belacoin's market cap will increase as well. As the market cap increases with strong growth, the price is pulled up as well.

Belacoin's market cap is currently $300,000. As Belacam gains more exposure and popularity, the market cap of Belacoin should likely increase at a steady rate. Moreover, as we begin to publicly reveal the details of Belacam this Sunday, the markets will have more information on the project, allowing for more accurate future predictions.

The Ambia Fund is working tirelessly to bring Belacoin to the status of a top-tier coin, and we hope that our ambitions are evident when looking at our day-to-day progress. As our workday winds to a close, we want to take a moment to share today's Belacoin accomplishments.

• We have secured 2-3 members for the Board of Advisors—the tight-knit group of highly experienced aides to the lead developer of Belacoin. We will announce the final list of members of the Board of Advisors by or on Sunday.
• We have reached out to multiple potential lead developers and will be vetting and discussing terms with them over the next few days.
• Our giveaway has returned 69 retweets and a 248% increase in @Belacoin twitter followers from 24 hours ago.
• We have identified 19 exchanges that we believe have the potential to list Belacoin in the next couple months. We will be reaching out to most of them this week.
• We are researching and discussing the best plan for how to legally structure the upcoming Belacam startup. At this point, it looks like Belacam will either be registered as an LLC or a Subchapter S Corporation. All this means to the Belacoin investor is that The Ambia Fund is concerned with complying with the law.
• Belacoin's past 24-hour trading volume put it in the top 10% of all cryptocurrency projects. On Poloniex, it received more trading volume than prominent projects like Storj, representing an increase in traction and future expectations for Belacoin.
• Crypto Designers, with a bit of our guidance, continued to make great progress on the Belacoin.org website. It will launch on Saturday.
• We had our Belacam logo finalized. The logo will be revealed on the Belacoin.org website this Saturday, but the entire Belacam project (the real-deal Belacoin news) will be revealed the next day.

Tomorrow, we will continue our search for 2-3 more Board members and a lead developer for the Belacoin project. If the giveaway nears 300 retweets, we will look into providing Belacoin with more funding to expand the giveaway. We will be updating our own website to include information about our role in Belacoin.

Unrelated to Belacoin, our research report on the supposed correlation between the day of the week and Bitcoin's price will be released in the coming days.

Belacoin Giveaway

Be sure to participate in our Belacoin giveaway: https://twitter.com/BelaCoin/status/798552230185996288. The Ambia Fund is funding the giveaway, and if we hit 300 retweets quickly, we will likely expand it with more funding. All giveaways will be paid out on Sunday when our team meets in person again. Our analysts and programmers live far, but we travel to meet weekly, often on the weekends. Going forth, it's likely that weekends will often be big days in terms of news and releases due to the convenience of us all being together to manage those types of things.

The giveaway has provided impressive results so far. We have seen a 23% engagement rate (14 retweets out of 62 followers) over the past hour. The price of Belacoin has responded nicely as well, increasing by 13% over the same time frame.

@Flipme, we are aware of the issue with the wallet. We have an analyst who is currently sourcing a lead developer, extending offers to multiple skilled programmers who have experience in other cryptocurrencies. Updating the wallets and the Github repository will be the first priority of this new developer, hopefully completed before the weekend is over. We can't move on to completing our Belacam project until Belacam is vastly improved first, so let it be known that updating Belacoin is our first priority as well.

All of those questions will be answered on Sunday when we fully detail our Belacam project. Until then, any trading on Belacoin is speculative about Belacam or trading in anticipation of the new website. In our best effort to avoid a pump and dump with news about the website, we have made it clear what the website will contain. The big day of news for Belacoin is not Saturday when the website releases, but Sunday when we reveal our Belacam project.

Steemit is often compared to Reddit with a cryptocurrency twist. Steemit achieved a peak market cap of $412 million, 10.3% of Reddit's $4 billion valuation. Instagram is valued at $37 billion. A similar 10.3% ratio would bring Belacoin's market cap to $3.81 billion.

Please note that this represents a best-case scenario financial prediction and assumes a similar link between Belacam and Instagram that Steemit and Reddit shared. While this is a dream scenario, it should also be noted that Steemit did achieve a $412 million market cap. They also experienced market cap growth of 158x over 3 months.

Belacoin's market cap is currently around $250,000. Regardless of whether the potential market cap is overestimated, there is no doubting that Belacoin could experience growth to the $10-$100 million range thanks to the Belacam project. It happened with Steemit, and we've taken note of what they've done right to achieve their incredible success.

We are applying those same principles to the Belacam project.

Crypto Designers have been making great progress on the upcoming Belacoin website. Expect sneak previews over the next few days. We must stress though that the great work behind this entire project is not the new logo or the website. These are aesthetic updates only, setting the scene for incredibly impressive work on the Belacam project.

We do not yet have an invitation link for the slack. If you private message us your email, we will be happy to add you!

We have outlined a few predictions as to the potential market cap that Belacoin can reach, but these financial models have not been shared publicly yet. They have been shared with @AndroidCryptoGames and @TwoTurtles when explaining our goals for the project.

The predictions have also been shared with The Ambia Fund partners—others who are looking to invest in the Belacoin project. We will be sharing our financial projections and models once we begin to promote our Belacam project.

Meanwhile, we have strong confidence in the project and have given a blank check in funding to the programmers of Belacam. They have reported using it to purchase hosting, construct the back-end of the Belacam social site, travel to meet and work together, taken advantage of a University's research resources, and chow down on great pizza.