TotemFi, a London, UK-baserd decentralized finance (DeFi) prediction markets platform for the crypto neighborhood, closed a strategic sale spherical for $255k.
The strategic spherical varieties a part of the $777k fundraising cap for the venture, of which $60,750 comes from seed funding, $360k comes from personal sale, and $101,250 will come from the general public sale when the venture undergoes its IDO.
Backers included DuckDAO, Nabais Capital, LD Capital, Alphabit, Altvest, Moonwhale Ventures, and Bluenode Capital.
Led by CEO Jolyon Layard-Horsfall and CMO Harry Horsfall, TotemFi is a staking-based Decentralised Finance (DeFi) prediction protocol, which gives traders a platform to earn rewards for correct predictions, each particular person and collective, on worth actions inside a given asset, or on broader occasions. TotemFi combines high-yield staking swimming pools with BTC and native token rewards for its neighborhood of customers.
TotemFi’s decentralised app (dApp) launches early in 2021.
The elevate follows a profitable incubation by DuckDAO, the highest decentralized crypto incubator within the house.