What is Bellscoin (BELLS)? Memecoin Older than DOGE

Bittime - Projects like Dogecoin and Shiba Inu dominate the market, coins that are little known but have such historical value Bellscoin (BELLS) starting to rise again. 

Bellscoin stands out as a completely decentralized PoW meme coin, bringing enthusiasm fair mining, organic growth and strong community involvement. 

This article will discuss Bellscoin (Bells) origins, unique characteristics, as well as Bellscoin's potential in the broader crypto landscape.

What is Bellscoin (BELLS)?

Bellscoin (BELLS) is a fully decentralized Proof-of-Work (PoW) based meme coin with an interesting history, even older than Dogecoin. 

Originally proposed by BillyM2K (Shibetoshi Nakamoto) on 28 November 2013—eight days before the launch of Dogecoin. Despite its early introduction, Bellscoin disappeared for nearly a decade before being revived by a group of developers and meme coin enthusiasts December 2023.

Unlike many modern meme coins that provide profits for early investors, Bellscoin operates with open and fair mining model, ensuring distribution remains decentralized. 

Also read: What is Clown Pepe (HONK)? Cheerful Pepe Coins!

Origins of Bellscoin (BELLS)

Bellscoin (BELLS) is Proof-of-Work (PoW) based decentralized meme coin which has a unique place in cryptocurrency history. Originally introduced in 2013, Bellscoin is older than Dogecoin and was later revived by a dedicated community in 2023. 

Unlike the previously minted meme coins, Bellscoin follows suit fair launch model, ensuring its supply increases gradually through mining, rather than being controlled by initial investors. 

Its community-based approach and historical significance make it a distinct asset in the ever-growing world of meme coins.

Inspiration and Concept from Bellscoin

Bellscoin takes its name from the in-game currency Animal Crossing developed by Nintendo. 

BillyM2K envisions Bellscoin as a digital version of the game's currency, where users would earn coins through various activities, such as players collecting fruit, fish, fossils, and insects in Animal Crossing. 

This concept was adapted to the crypto world through mining mechanisms, making Bellscoin a PoW based assets with random mining rewards.

Despite its ties to the gaming world, Bellscoin has no official affiliation with Nintendo and is carefully avoided violation of intellectual property rights. 

On the other hand, Bellscoin embraces meme culture which has driven the success of projects such as Dogecoin, Shiba Inu, and Pepe, while remaining focused on decentralization, justice, and community-based development.

Differences between Bellscoin and Other Meme Coins

Bellscoin is different from many other popular meme coins because it uses Proof-of-Work consensus mechanism. Not like tokens like Shiba Inu (SHIB), Pepe (PEPE), or Bonk (BONK)—which are completely pre-minted and distributed at launch—Bellscoin is mined incrementally over time. 

This results slower but more organic supply growth, making Bellscoin more comparable to Dogecoin (DOGE) from other meme tokens.

Slow mining process means large investors (whales) cannot immediately collect large amounts of Bellscoin, unlike pre-minted meme coins that can be purchased in large quantities via decentralized exchanges (DEX). 

This prevent excessive price volatility and pump-and-dump schemes, allowing Bellscoin to grow stably and sustainably over time.

Also read: What is Pikamoon Coin (PIKA)?

Bellscoin (BELLS) Mining and Future Potential

Bellscoin has attracted the attention of major mining companies, incl Bitmain, which announced that new L9 miner they (launching in May 2024) will support mining for Bellscoin, Litecoin, and Dogecoin.

This integration shows growing institutional interest in the Bellscoin mining ecosystem.

Apart from simple trading, the Bellscoin ecosystem can develop further through on-chain inscription and NFT integration, attracting artists and gamers from platforms like Animal Crossing. This approach is similar to how Pepe leverages meme culture for community adoption.

Fair Launch and Community Growth

Bellscoin followed suit Fair Launch model, similar to Bitcoin. After being revived by a small group of decentralized developers, its blockchain published soon, allowing open participation in mining and trading. 

In contrast to many centralized crypto projects that allocate most of the supply to early investors or development teams, Bellscoin operates entirely based on community contribution.

Hence, Bellscoin does not have the initial funds for an exchange listing or an aggressive marketing campaign. 

While this limits rapid growth in the short term, it is in line with Bellscoin's long-term vision for organic adoption through a strong and engaged community.

Conclusion

Bellscoin's approach may not offer instant profits like other speculative meme coins, however its commitment to justice and decentralization making it a strong contender for long-term success. 

With its historical significance, mining-based supply models, and a community that continues to grow, Bellscoin has the potential to gain a unique place in the meme coin ecosystem.

FAQ 

What is Bellscoin?

Bellscoin (BELLS) is a fully decentralized Proof-of-Work (PoW) meme coin with a unique history in the cryptocurrency world. Launched in 2013 by BillyM2K (the creator of Dogecoin), Bellscoin actually predates Dogecoin. After being forgotten for nearly a decade, Bellscoin was revived by the community in December 2023.

What wallet supports Bellscoin?

The wallet that supports Bellscoin is Coinbase Wallet.

Why is Bellscoin considered a Fair Launch Crypto?

Bellscoin follows a Fair Launch model, similar to Bitcoin. There is no pre-mint, no team allocation, and no special distribution for early investors. All coins are obtained through mining, ensuring that anyone who wants to own Bellscoin must participate in its ecosystem through a fair and transparent process.

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Reference

Medium Bellscoin, The Origin of Bellscoin, accessed March 23.

Medium Bellscoin, Bellscoin: The Next Memecoin Trend, accessed March 23.

Author: SD