Market prediction platform Bodhi Network has reportedly raised $1.5m for its latest seed investment round.
Danhua Capital led the investment, with other contributions coming from angel investors including INBlockchain founder Xiaolai Li and Kuaidi Founder Waxing Chen, according to an article by FinSMEs.
The company, which focuses on the China market, uses the Qtum blockchain platform to help make its market predictions. Sectors the platform can make predictions for include financial, insurance, sport, information, and traditional markets.
The company’s financial market prediction makes a detailed description of economic events, where value and risk assessment can be optimised at micro and macroeconomic levels.
Bodhi plans to use the capital to expand its engineering and development team, as well as preparing for an ICO next month, the report states.
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