Quote from: The Ambia Fund on November 10, 2016, 07:20:14 PM

Ambia Fund Press Release

We have been in contact with both @Twoturtles (the original developer, now working on the Neos project and no longer affiliated with Bellacoin) and @androidcryptogames, the talented game developer who has built the Bellachess game that this community knows and loves. It has come to our analysts attention that Bellacoin lacks both a lead developer and a supportive team.

After speaking to both parties mentioned above and receiving their consent, the Ambia Fund has decided to temporarily take over the role of managing Bellacoin. As quickly as possible, will be looking to source a lead developer and team members who can fill part-time supportive roles and retake the project back from us. Let it be known that this is very good news for Bellacoin. Yesterday, it had no management team. Today, it does.

We will also be assembling a Board of Advisorsexperienced and trusted members of the cryptocurrency community who will provide advice and insight for the incoming lead developer and supporting team members. We will require that the lead developer assume his or her role without anonymity.

Below are our highest-priority updates that we will be working on:

Changing the name from Bellacoin to Belacoin
Designing a new logo
Providing a new informative website
Updating the code behind the project
Updating the wallets
Sourcing a new lead developer
Sourcing a support crew
Assembling a Board of Advisors

We are moving to implement these changes as quickly as possible. A new logo is already in the works, and we will serve as the lead management for the coin until a permanent lead developer can be found within the next 7 days.

We recognize that these updates need to be quickly implemented so that Bellacoin is sustainable under new leadership, allowing us to focus on our Belacam project. While we will maintain a partner on the Board of Advisors, we will be passing off the full responsibilities of management as soon as a lead developer is nominated by us and approved by the community. No lead developer will be entrusted with the role unless the Bellacoin community as a wholethe supporters beyond the Ambia Fundsupport and trust the nominee with the future of Bellacoin.

Some Context about our Project
Attracted by Bellacoin's quick block time and blockchain stability, we have decided to use it as the cryptocurrency that will fuel our social-media startup project: Belacam. Since the use of Bellacoin is integral to Belacam, it is imperative that Bellacoin is first built up to a stable level and respected as a cryptocurrency in the community. That is, in order for our project to succeed, Bellacoin must succeed first. We are here to make it succeed.

We will be releasing full information on Belacam within the next few days. This will include an overview of the idea, competitor analysis, a market segmentation, financial projections, and updates on what has so far been accomplished.

The Ambia Fund
We are a private cryptocurrency investment fund. We source and provide funding for small cryptocurrency projects that we believe have strong foundations and high growth potential. To contact us, please email mail@ambiafund.com, and we will be happy to respond to all contacts.

It is not necessary to change the title , too many services where Bellacoin is called so.

Everything else inspires confidence in the seriousness of Ambia Fund.