Belt Finance is an AMM protocol. It operates Binance Smart Chain (BSC) and incorporates a performance optimization strategy to reduce fees and slippage. The platform provides aggregation of compounding, lending, and yield generation for maximum returns.
At first glance, complicated jargon can be difficult for newbies to understand, so let’s break it down. Belt finance is an automated market maker, which means it’s a fully decentralized protocol that matches buyers and sellers of a crypto asset.
And it’s optimized for BSC, a blockchain of smart contracts from Binance. Simple right?
Assets on Belt.fi can be traded instantly, unlike other more traditional exchanges. And not only that, users can with stable coins earn with yield farming and also earn BELT tokens (bTokens). And the processes go towards protocol liquidity directly through BSC, without having to go through a centralized institution.
Belt.fi is a non-custodial project, only the user and no one else will have access to your funds.
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BELT Price Prediction for the next 90 days
Belt Finance is definitely an exciting project. It offers an innovative approach to AMM that could potentially reach a wide audience. The project had its ICO only two months on March 10, and it was a success. The price peaked at $196, and at the time of writing, it is now sitting at around $70. But it must be said that the market capitalization is constantly increasing, reaching more than $ 128 million to date, not bad for a new project.
But what you need for a project like this is for people to see the value in using it. And as of now, about $3,922,000,000 has been locked into the system. A number has seen a huge increase since its launch, but we’ll have to see if this will continue in the future.
And we have to take into account that Belt Finance is competing with some big names. There are already many crypto decentralized projects that provide similar services, Uniswap, MDMX, and SushiSwap, to name a few. They don’t work the same way, but you have to wonder if BeltFinance has a use case strong enough to be noticed among so many giants. I don’t see that happening.
By market capitalization, it is the #367 largest cryptocurrency. Impressive considering how new the project is, but there’s still a long way to go. It’s just one of many promising altcoins with potential out there. Nothing is guaranteed because, as we know, the altcoin game is extremely risky.
That said, BELT could, in my opinion, become one of the best #200 coins. I predict that the price will increase to at least $120 within this cycle. But keep in mind that the risk is high and worth it? It’s up to you. In conclusion, it is an exciting project with potential, but I would look elsewhere. There are better small-cap projects out there.
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Fundamentals
Key features
The main goal of the Belt.fi protocol is to allow users to keep their crypto-asset positions safe and stable, while maximizing returns with minimal risk. Their main features that you can expect on the platform are:
- Just like traditional banks, the platform offers the vault compound
- With Belt.fi returns are maximized by strategically using vaults and compounding, several times a day
- A performance optimizer that changes depending on the strategy
- The bToken changes instantly and automatically in its return strategy in order to maximize returns
- AMM works great to minimize slippage and impermanent loss.
- Impermanent loss has always been a problem in the DeFi space. Belt.Fi does its best to solve the problem by allowing the user to participate in the AMM process with bTokens. These tokens have almost no volatility between them. The risks of a loss of value or impact on prices are reduced to zero. Belt.fi handle this using their token pools.
- The AMM protocol used by Belt.fi is beneficial for both Makers (liquidity providers) and Takers (token swappers). Manufacturers achieve high yield due to Belt.fi yield optimization, compounding and the BELT token. On the other hand, Takers benefit from the platform’s low trading fees, low slippage, and low impact on prices.
And if all of that sounds too complicated, here’s the shortest version of what users get from Belt.fi is:
- Stable placement of crypto-assets with very few impermanent losses.
- An automatically maximized optimized yield.
- A fully decentralized platform.
- Decisions in the hands of users with their governance BELT token.
Tokenomics
The use of the BELT token is governance. And it doesn’t have a hard cap offering, which makes it an inflationary token. The tract has some users concerned about their slow-eating participation, fortunately, however, there are measures to counteract inflation.
Deflationary mechanisms are used to make deflation higher than inflation. So, in other words, the goal is for more BELTs to leave the supply in circulation than the quantity produced.
They want to achieve this in 2 ways:
- Governance that reduces block emissions
Changing the amount of BELT in each block created can slow inflation. A method that has not yet been tried for this project, but it seems likely that the community will reach this decision sooner or later. If BELT follows this path, the inflation produced by BELT will be allocated to specific pools and burned.
- BELT Buyback and Burning
The platform automatically burns BELT tokens at the rate of 50% of trading fees. In addition, 8% of the yield is used for buybacks. The repurchased tokens are then burned. So more people use Belt.fi more tokens burned, and if the numbers continue to grow, it will eventually reach a point where more tokens are burned than those minted.
Buybacks are an essential part of the process. The word “buyback” may not be suitable for some crypto users, but it’s crucial to remember that no one is picking up that they’re burned.
Each time trading fees of 50% and 8% of the return are bought back, more BELT tokens are burned. And the more this is done, the more the power of scarcity of the token increases.
To date, the circulating supply of BELT is 1,804,603, while the total supply is 1,819,662.
Team
Created by Ozys, The Belt.fi protocol a well-known blockchain technology company. The company specializes in innovative and widely used blockchain services, especially DeFi projects.
Ozys is a member of the Klaytn Governance Council. Alongside big names in the tech industry such as Binance, Huobi, MakerDAO, LG Electronics and Kakao. In addition, all of Ozys’ protocols amount to over $700 million.
So, in other words, the company behind it is as reliable as they are.
Community
With the project so new, a community of passionate users is still growing. Their Twitter page has 18.2 thousand followers, and the official Telegram has about 12 thousand members. These numbers are set to rise as time goes on.
BELT Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
BELT Price Forecast 2025 – 2030 – 2040
Our forecast model sees BELT faltering in 2025 and falling to $0 or nearly $0.
The BELT price in 2030 and 2040 could be close to zero as we don’t see a bright future for it in the distant future. The project doesn’t offer any unique value to stand out from countless competitors, so we don’t think it’s worth investing in this coin in the long term.
Where to buy BELT
Investing in BELT is relatively simple. Traders can only buy the coin on three exchanges, PancakeSwap which offers WBNB/BELT and BELT/BUSD, MXC.COM and AEX which only offers BELT/USDT.
Summarizing
Belt Finance is an exciting project, entering a crowded AMM crypto space. It attracted a lot of interest considering how new the project is, but there is still a long way to go. The platform is definitely worth a look. But is the use case strong enough to show up?
As I said before, I predict that the BELT coin could reach the top #200, but with a project like this, nothing is certain. Remember, it’s competing with the likes of UniSwap. In conclusion, I like BELT. I think he has something to do, but it’s nothing special. I don’t think this is the altcoin that will make you rich.
And before I go, all I said is not financial advice. I’m just talking about my opinions, which may be wrong and differ significantly from yours. Always remember to trade responsibly and never invest more than you can afford to lose.
