So many people are already asking for http://Belacam.com accounts, so we will start pre-registration tomorrow. Belacam is like Instagram and you earn $.05 - $.10 per like! Releases in about 3 weeks.
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We've got a big announcement coming out any day now. In the name of transparency, I'm going to share some details now, but some will have to stay a secret until the press release goes out. We do have a very successful investor in The Ambia Fund (The Ambia Fund owns Live Bela LLC and Belacam, Inc., so that money flows right to Bela-related operations). Details on who it is (and more stuff like that) will have to be saved until the press release. We anticipate the press release to be picked up by Market Watch, Yahoo Finance, and other similar sites due to the strong and well-known reputation of the investor.
Our investor founded a company in the financial sector, and I would bet that quite a few of you have used his company's product / services. As the founder of that company, he brought it to an IPO on the New York Stock Exchange. His company has traded with a market cap in the billions. Like I said, most of you will be very familiar with his company and background.
Not only will this give us funding to bring Belacam to our first 100,000 users, but we also gain access to an incredible network of veterans in the financial services industry, well beyond the crypto industry. Once the documents are fully signed on his end (any day now), we will prepare a press release, and pick a day to send it out. We will need everyone's help with sharing it to get as much exposure as we can for the release!
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With Belacam launching in July, our largest-ever marketing campaign should begin in the next 7 - 14 days. Bela had its genesis block 4.5 years ago, and its main product launches next month. You guys have waited a long time for this moment! https://twitter.com/LetsLiveBela/status/1009940795871432707
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If Poloniex froze your account so you could not withdraw, please reach out to them to see if they can offer you any remedy.
The swap was initially going to run for 3 weeks until April 24th, but Poloniex asked that we extend it to May 31st, which we did to our detriment. We lost more a month of work on Bela (processing swaps was extremely resource and time intensive), and Belacam's launch was delayed by a month. It is counterintuitive that they asked to runt the swap until May 31st, a date they provided, when they froze a bunch of accounts in the prior week. By May 31st, we had moved around enough resources and made commitments to where we financially and resource-wise could not extend the swap on our own.
On the final day of the swap, May 31st, Poloniex asked us if we could further extend the swap due to Poloniex user accounts still being locked. We laid our cards out on the table and said that we could not extend the swap if we had to fully support it on our own, but we could extend the swap with some help from them. They said no.
When comparing our swap to other coin swaps, like QTUM, please keep in mind that Bela is a single million-dollar market cap crypto. QTUM has a market cap in the billions and ran a swap for 3 months. At nearly 1/100 their size, we were able to run a swap for 2 months. They could afford to continue processing after the deadline, but we could not.
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We will tell the date in advance. We're finishing up a commercial today that will reveal the date, although the commercial will not be released tomorrow.
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We have a good contact line opened with Coinmarketcap and have let them know. Right now, we're working with them to determine the circulating supply of Bela so the market cap can be shown properly. We have let them know about the old bitcointalk link, and we will remind them in our next conversation.
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It is easiest on us if you can claim it through Bountycow.com, but if not, we have amended the bounty description at Bitcointalk and can process your bounties there.
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Bela, which has been trading and in development for 4.5 years ( https://www.coinexchange.io/market/BELA/BTC), is an ERC20 token that supports Belacam. Belacam is a social media site, like Instagram, where users get paid for the photos they post. We're aiming to launch Belacam in July, 2018. See a demo of Belacam here: http://BelacamG.com/b/discoverThis bounty program helps us do enough marketing to hopefully acquire 100,000 users in the first few months. Our bounties are hosted and tracked through https://bountycow.com/user/19/. You may complete them there or let us know which bounty you completed as a reply to this thread. Bounties: https://bountycow.com/user/19/
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We would agree that you weren't treated fairly by the exchange. It is unfair to lock your account when they know the following things: - 1. You had Legacy Bela
- 2. The swap was going to end in just a few days
- 3. They told us the date that would work for them for the swap
- 4. They knew that we wouldn't accept late swaps
Please take it up with Poloniex to see if they can offer you any remedies since it was their doing that prevented you from swapping in the final days.
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I'm sorry to hear that about Coinomi. If you still have Bela there, it is the Legacy Bela. Please do not send ERC20 Bela to Coinomi if you do buy more.
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Processing the swaps has been a very resource intensive undertaking for our team. We planned well for the transition, and for the last two months, we moved resources from our other Bela projects to focus on completing these within our timeframe. The cost has been significant, but we were excited to invest in the new upgraded Bela.
We initially planned to run the swap only from April 3rd to April 24th. Poloniex asked that we run it until May 31st to give them ample time to let their users know about the swap, and we agreed to this 5 week extension. We are confused at their decision to freeze users' accounts in the midst of our swap, but we cannot again totally rearrange our lives and carefully preplanned work schedule to reopen swaps.
They knew about our deadline, and they knew it was a hard cut off. Unfortunately, this incident is something that will need to be resolved with their support team.
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Unfortunately, we are no longer supporting the Legacy Bela, and the swap to ERC20 Bela has closed. The swap ran from April 3rd to May 31st, and the end deadline was well publicized with Poloniex. If you have any Bela still on Poloniex, it is unable to be swapped.
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We were aiming for June, but now, we think we will want a little more time to market it. We expect Belacam to be done with the development phase sometime in the next 3 weeks, but a more realistic full launch is sometime in July. We want 3 - 4 weeks of marketing and promotion time before the launch begins so that we can generate enough hype and have a great launch day.
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https://twitter.com/LetsLiveBela/status/1002402527198007296Bela has officially and finally swapped to an ERC20 token Full steam ahead on Belacam for a public release this summer. We will have a coin burning for all the old Bela that was swapped in, likely sometime in a week or two. We will announce the date shortly. Coinexchange.io should be reopening up the Bela market soon as well. It will trade the new ERC20 Bela.
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SwapBela.com closes at 11:59pm EST on May 31st!Be sure to swap your Bela by then. If you are holding Legacy (blockchain-based Bela), then you need to swap it to ERC20 Bela through SwapBela.com now. If you have any questions, please email us at contact@livebela.com.
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@Boxalex, Coinomi is not supporting the swap. Please withdraw your coins from Coinomi to your Legacy Bela Deposit Address on Swapbela.com by May 31st. If you leave your Bela on Coinomi, once the swap closes at midnight, you will never again be able to swap over to claim your ERC20 Bela. This will be a huge problem when there is no where to trade Legacy Bela, so you will be stuck holding a worthless coin. The ERC20 Bela, on the other hand, is the token that will be used in our social media site, Belacam, when it launches this summer.
Over 1,500 swap requests have been made when you fill the swap request out with the correct information (your ERC20 address, etc.), you get your Bela within 24 hours. When people supply incorrect information, we give them an email and get it sorted out quickly after.
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