TotemFi strategic sale 120X oversubscribed with $30 million pledged; strategic partners announced
Announcing TotemFi’s raise of $255,000 to launch our staking-based prediction markets platform.
- Backers include DuckDAO, Nabais Capital, LD Capital, Alphabit Fund, Altvest, Moonwhale Ventures, and Bluenode Capital.
- TotemFi had over $30 million in strategic sale allocation requests from thousands of prospective investors
- TotemFi is a decentralised, staking-based prediction markets platform
We are thrilled to announce the closing of our strategic sale round for $255,000 with an amazing roster of strategic investors, including DuckDAO, Nabais Capital, LD Capital, Alphabit, Altvest, Moonwhale Ventures, and Bluenode Capital.
The raise follows a successful DuckDAO incubation, the top decentralized crypto incubator in the space. DuckDAO’s expertise in decentralized fundraising has helped ensure TotemFi’s success during pre-launch, and will continue into the later stages and development of our project.
The roughly 120X oversubscribed strategic fundraising round saw more than $30 million in interest from thousands of applicants, showing the overwhelming demand for DeFi prediction market providers which feature non-punitive BTC rewards.
We want to thank all interested parties who expressed an interest in becoming strategic partners of TotemFi. From an allocation point of view, we had many considerations to take into account, including which contributors would facilitate growth across key geographies, and the depth of experience and expertise which each partner would bring to the project.
We have no doubt that the firms we chose to partner with will allow us to take our project to the next level, and will help us to realise our vision of providing decentralised, staking-based prediction markets to the crypto community.
Each one of them helps us to scale cross-border business development efforts, and gain traction with their networks. We couldn’t be happier with our strategic investors, and we look forward to a bright future and a long-lasting working relationship with them.
About our Strategic Investors:
DuckDAO: DuckDAO is crypto’s leading decentralized incubator. Their community is led by crypto pioneers who have supported over a hundred projects in the last four years. With a huge community of investors, their experience with fundraising and marketing along with their expertise in crafting token metrics have made DuckDAO the leader in the crypto fundraising sector.
Nabais Capital: Nabais Capital, headquartered in Portugal, is a digital assets consulting and investment firm focused exclusively on blockchain technology and cryptocurrencies. They support blockchain projects from a very early stage, helping their portfolio companies to grow and go-to-market. Their founders are themselves advisors and angel investors in blockchain startups, with an outstanding track-record in picking projects for investment and advisory roles.
LD Capital: LD Capital is the most reputable investment firm in China focusing on Blockchain Investment, Securities, Equity Investment and Trading. Owing to industrial resource advantages and professional investment research team, LD Capital has successively discovered and invested in more than 200 companies. LD Capital overall achieved more than 100 times return with peak self-owned assets of nearly 1 billion US dollars.
Alphabit: Specialists in cryptoasset investments, with an aim to advance the overall development of the sector by investing in and sharing their expertise with the most visionary and innovative projects they can find.
Altvest: Altvest is a digital asset consulting firm that provides marketing, advisory, and research services to disruptive and early-stage crypto ventures.
Moonwhale Ventures: invests in high calibre Blockchain and Crypto projects, and helps them access the Southeast Asian markets. Moonwhale helps to connect projects with the right influencers, launch strategy, long term investors and partnerships with industry leaders, commercial backers and institutions.
Bluenode Capital: Bluenode is a Venture Capital firm based out of Hong Kong, supporting the best Blockchain and Cryptocurrency startups.
TotemFi is a staking-based prediction market for the crypto community. Built with the community at its heart, TotemFi’s innovative DeFi prediction protocol empowers individuals and groups to earn native $TOTM and BTC rewards.
TotemFi’s decentralised app (dApp) launches in early 2021, sign up to our mailing list now at www.totemfi.com for news, exclusives and further incentives.
Please do get in touch with any ideas or feedback as we will always be looking to work with the community to better the project.
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Thanks for reading,