With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, BeLL Wallet creates the final form of ‘wallet’ which helps manage assets in a way that is 100% secure. BeLL Wallet aims to be the most convenient and secure wallet in the world.
"Millions of people use cryptocurrency wallets, but there is considerable misunderstanding about how they work. Unlike traditional ‘pocket’ wallets, digital wallets don’t store currency. In fact, currencies don’t get stored in any single location or exist anywhere in any physical form. All that exists are records of transactions stored on the blockchain.
Cryptocurrency wallets are software programs that store your public and private keys and interface with various blockchain so users can monitor their balance, send money and conduct other operations. When a person sends you bitcoins or any other type of digital currency, they are essentially signing off ownership of the coins to your wallet’s address.
To be able to spend those coins and unlock the funds, the private key stored in your wallet must match the public address the currency is assigned to. If public and private keys match, the balance in your digital wallet will increase, and the senders will decrease accordingly. There is no actual exchange of real coins. The transaction is signified merely by a transaction record on the blockchain and a change in balance in your cryptocurrency wallet."
With that being said, Bell Wallet stands firmly in support of financial freedom and the liberty that Bitcoin provides globally for anyone to voluntarily participate in a permissionless.
Now that I have your attention, let’s get right to it.
What exactly is BeLL Wallet?
BeLL Wallet creates the final form of ‘wallet’ which helps manage assets in a way that is 100% secure. BeLL Wallet aims to be ‘the most convenient and secure wallet in the world.’ BeLL Wallet makes continuous updates on its features:
Wallet with Insurance Features
Use of Bell Tokens
Joint Ownership of Wallet
Decentralized Exchange (DEX)
Asset Transfer Protocol
Original Token Issuance
To develop the DEX that BeLLCoin holders appreciate
To provide user support by all BeLLCoin holders
To establish the truly decentralized society with all BeLLCoin holders
The above three are fundamental policies of BeLL and by combining these three, BeLL Wallet keeps developing the legitimate DEX that users genuinely appreciate.
The Features of BeLL Wallet
Insurance
BeLL Wallet is a DEX, insured wallet. When you are unable to access your wallet in a situation like forgetting or losing your password, the insurance will cover this situation. And all your assets will be returned to you. BeLL Wallet enables you to avoid this risk and ensures that your assets are safely protected in the wallet.
Joint Ownership
In BeLL Wallet, there is an option to have joint ownership in a single account. In this setting, to withdraw your assets, it requires to get verified from all approved users you assigned. If a corporate body manages cryptocurrency assets, one person’ s decision can allow transitions of assets in general digital wallets and exchange accounts, which carries various risks.
Seamless Transition of Assets
Wallet owners can set up their wallet with specified conditions. For example, when something unexpected happens to the wallet owner, multiple approved users, such as family members, loved ones or colleagues, can access the wallet on behalf of the main owner.
BeLL wallet is a decentralized wallet which is insured against loss of assets in a scenario where you are unable to access your wallet for whatever reason.
Mandatory Requirements regarding Insurance:
Twitter, Telegram and Facebook accounts are necessary when creating a BeLL Wallet account. A direct message from all account must be sent to verify your identity when applying the BeLL Wallet insurance coverage.
Image verification is required. Please upload an image when you create a BeLL Wallet account. The same image must be uploaded each time you apply for the BeLL Wallet insurance coverage.
Insurance Fees
This amount will be automatically deducted on the first day of each month.
Assets Under $ 100,000
100LL or 0.05ETH / month
Assets Under $ 500,000
500BLL or 0.3ETH / month
Assets Under $ 1,000,000
1,000BLL or 0.7ETH / month
BeLL Tokenomics
BeLL platform operates a tokenized ecosystem. The official token has the ticker “BeL”L. The total supply of BeLL tokens is 100,000,000 and 30% of that will be put up for sale during the ICO while 20% has been allocated to airdrops and bounty programs.
Token Details
Title - Bell
Symbol - BeLL
Platform -ERC20
Total BeLL Token Supply - 100,000,000BeLL
Token for Sale in ICO - 30,000,000BeLL (30% of the total)
Soft Cap - $5,000,000
Hard Cap -$30,000,000
Distribution of Tokens is as follow:
Till next time…
For more information, please visit:
Website: https://bellwallet.io/
Whitepaper: http://bellwallet.io/BELLwallet_En_1219.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5079219
Twitter: https://twitter.com/BeLLPlatform
Telegram: https://t.me/BeLLPlatform
Facebook: https://www.facebook.com/BeLLPlatform.Version1.01
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
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