Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com


#ICO News: Bodhi Raised $10M Ahead of ICO Launch

 

SAN FRANCISCO - August 22, 2017 (Investorideas.com newswire) Bodhi Foundation (www.bodhi.network), a San Francisco-based startup, has sold $10 million in a token pre-sale last week, ahead of an initial coin offering launch in September.

Founded in May 2017 by Xiahong Lin, a veteran blockchain developer, Bodhi is a decentralized prediction market platform focusing on the Chinese market. The platform allows users to create and trade on the outcome of finance, sports, politics, and any other global events. It is powered by the Bodhi digital token (BOT), which will be used to pay for fees and collaterals, and will be the currency used to invest in event outcomes.

Prediction Markets allow users to tap into the wisdom of the crowd to ask any question or predict the result of any event and be rewarded from the results. The conventional prediction markets depend on a centralized Oracle, or data provider, to set the result and charge a large amount of fees.

Bodhi, which is an open-source platform based on the blockchain and smart contracts technology, provides a decentralized alternative to traditionally broker-mediated markets for Chinese investors, who have ever-growing enthusiasm in the future of cryptocurrency and blockchain since the invention of bitcoin.

Inspired by ancestor frameworks Augur and Gnosis, Bodhi developed a new protocol that introduced a replaceable Oracle framework - combining third party Oracle and voting-based Oracle - which makes the prediction markets more effective and autonomous. Any conventional prediction market can operate on Bodhi’s infrastructure. Bodhi significantly lowers the system failure rate and operational cost, as well as makes it easier for users to enter the market.

Bodhi will be firstly deployed on Qtum, which combines the advantages of Bitcoin and Ethereum to provide better user experience on mobile devices. Bodhi will be the earliest and aims to be the largest dApps run on Qtum.

Before the pre-sale, Bodhi raised $1.5 million in seed funding led by DHVC (Danhua Capital), with participation from FBG Capital, INBlockchain founder Xiaolai Li, Qtum founder Patrick Dai, and Chandler Guo.

For more information visit bodhi.network and follow us @bodhitoken on Twitter.

Contacts

Bodhi Foundation
Jane Wu
jane@bodhi.network


Bitcoin, Blockchain and Digital Currency Stocks and ICO's

Like Bitcoin, Blockchain and Digital Currency Stocks? View our Bitcoin, Blockchain and Digital Currency Stocks Directory

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max



Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner