Bodhi raises $10m for token pre-sale

San Francisco-based Bodhi Foundation has raised $10m in its token pre-sale, with the company preparing for an ICO next month.

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.

This platform is powered by Bodhi digital token, which can be used to pay for fees and collaterals, as well as investing in event outcomes.

Earlier this month the company raised around $1.5m in its seed investment round led by Danhua Capital. Plans for that capital injection was to expand engineering and development teams.

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