TotemFi Raises $255K in Funding
Summary
TotemFi, a London, UK-baserd decentralized finance (DeFi) prediction markets platform for the crypto community, closed a strategic sale round for $255k. The strategic round forms part of the $777k fundraising cap for the project, of which $60,750 comes from seed funding, $360k comes from private sale, and $101,250 will come from the public sale when the project undergoes its IDO. Led by CEO Jolyon Layard-Horsfall and CMO Harry Horsfall, TotemFi is a staking-based Decentralised Finance (DeFi) prediction protocol, which offers investors a platform to earn rewards for accurate predictions, both individual and collective, on price movements within a given asset, or on broader events. TotemFi combines high-yield staking pools with BTC and native token rewards for its community of users. The raise follows a successful incubation by DuckDAO, the top decentralized crypto incubator in the space.