CHARLOTTESVILLE, Va., July 3, 2018 /PRNewswire/ -- The Ambia Fund, the parent company of Belacam, just received a $150k seed investment from Mark Galant, the founder of GAIN Capital / Forex.com.
After 18 months of development, The Ambia Fund is launching Belacam.com on July 20th, 2018. Belacam is a cryptocurrency-based social media site similar to Instagram where users earn $.05 - $.10 for each 'like' that they get on their photos.
The Ambia Fund is fortunate to have someone of Galant's caliber on their team. His deep experience and ability to bring value to companies are tremendous assets.
This investment was sought to promote Belacam to millions of potential users and expand the team. As the founder of GAIN Capital/Forex.com, Galant grew his company to a valuation of over $1 Billion and an IPO on the New York Stock Exchange. Forex.com is on pace to handle nearly $3 trillion in 2018 retail foreign exchange volume.
Galant cites the experienced team and the growing target market for Belacam and cryptocurrencies in general as a few of his reasons for making the investment.
The investment comes at a time when the cryptocurrency markets are in a slump. The Bela token, which powers Belacam, hit a market size of $22 million earlier this year but currently sits at a fraction of that all-time high.
The Ambia Fund says that projects like Belacam will pull the markets up again. "The 2017 cryptocurrency bubble was driven by speculation," CEO Tyler Marx says. He argues that the next bull run will be driven by people interacting with crypto in their daily life.
Belacam is an easy way to spark that adoption. As a site and soon-to-be app, anyone can interact with a cryptocurrency in a seamless and hassle-free way, earning it for each 'like' on their photos. It creates a new world where an artistic picture of your lunch earns money that can pay for the lunch itself.
"Cryptocurrencies are no longer only about speculation," Marx says. "Real life adoption starts now."
Belacam launches on July 20th, but you can pre-register now at https://Belacam.com.
SOURCE The Ambia Fund