Belacam Passes Steemit to Become the #1 Fastest Growing Crypto Social Media Site
This week, Belacam.com added more users than Steemit, securing its place as the #1 fastest growing crypto social-media site.
According to the Steemit weekly stats published at https://steemit.com/steemit/@penguinpablo/weekly-steem-stats-report-monday-february-18-2019, Steem added 4,172 in the past week. Belacam.com, which has seen a surge in recent growth, has added 4,807 users.
Belacam is based around photos and videos and runs on the $BELA token, while Steemit features articles and stories shared in a social setting. Belacam has added a total of 59,023 users since launching on July 20th, 2018. Steemit has amassed over 1.3 million users since launching in mid 2016.
While Steemit has always been the leading social media site in the crypto sphere, this weekly user growth flippening indicates that the future may belong to Belacam.
The Challenges that Lie Ahead
Although it has been a great week for Bela—with the price doubling and site engagements nearing all-time highs—our team still has plenty of work. The main challenge is seen in the clear difference between the market caps of the two social media tokens.
Steem: $100 million market cap
Bela: $300,000 market cap
Belacam is growing faster than Steemit and sits at 5% of their total user count, but Bela’s market cap is just .3% of the $100 million to Steem’s name. Bela’s largest exchange is Mercatox.com, which is pretty small compared to the exchange giants like Binance or Bittrex that list and trade Steem.
Getting listed on a top-tier exchange is no easy task either. Many require insanely high listing fees that our team cannot afford to pay. A 3rd-party legal opinion found Bela to be a utility token and not a security, but proving regulatory compliance is only part of the process. There still is hope, though.
With nearly 60,000 people on Belacam already and 5,000 more expected to join next week, there is a huge grassroots movement building around our tiny token. We know that by continuing to build a product that people love and use, we can eventually earn ourselves a spot at the big table.
If you want to join us before Belacam goes mainstream, here are a few ways for you to help out:
- Create an account on Belacam.com, and post, like, and comment regularly
- You can pick up some Belacam at https://mercatox.com/exchange/BELA/BTC
- Join our Telegram T.me/letslivebela
- Give this article 50 claps to help with exposure
