The Bella protocol aim to be some sort of banking DeFi system. However, it is far from being a full banking service. With that said, out of the services offered, transaction fees are collected and used to give dividends to stakers and voters which is interesting. This means there is a real revenue generation streams associated with the token economy. However, significant token were allocated during the project pre-launch, and we should expect significant increase of in-circulation supply over the next year or so. 40% of the supply remain to be released and will be completed by june 2024. The whitepaper and tokenomics were difficult to find, and I would suspect this was done to prevent users from being able to assess correctly the value of the project. Binance itself own a 5% of the supply through their launchpad service. With a fully diluted market cap of $120M, there is still significant growth potential.
https://research.binance.com/en/projects/bella (for a copy of the whitepaper)
LinkedIn list only 5 employees, so it is possible the burn rate of operations is minimal, which makes it possible for them to sustain the project for many years at this rate. Show Less
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