Bodhi
Bodhi (BOT) (Launched May 2017) is a cryptocurrency token based on Ethereum Blockchain[1]. Bodhi is a DeFi (Decentralized Finance) that combines the concept of a prediction market with Blockchain focusing on the Chinese market[2][10][11].
Overview
Bodhi is the Next Generation blockchain-based platform that decentralizes the prediction market. It leverages the advantages of the state-of-the-art decentralized prediction markets by integrating third-party Oracles and voting-based decentralized Oracles via its Oracle abstraction layer.
They intend to develop a novel replaceable Oracle framework where the prediction market is more effective and autonomous[12][13].
History
Bodhi was founded by Xiahong Lin in May 2017. Prior to the pre-sale, Bodhi raised $1.5 million in seed funding led by DHVC (Danhua Capital), with participation from FBG Capital, INBlockchain founder Xiaolai Li, Qtum founder Patrick Dai, and Chandler Guo[3].
It aims to build a reliable, autonomous global forecast market as a decentralized prediction market platform. Bodhi's innovative "replaceable Oracle" mechanism based on Bodhi's token (BOT) improves the reliability of predictive market decision-making processes and provides fairer, lower-cost events than traditional predictive market systems.
Bodhi prediction market was built on top of the Qtum blockchain. Qtum combines Bitcoin Core infrastructure with Ethereum Virtual Machine to provide stability, modularity and interoperability for dApps build on its platform. Bodhi aims to be one of the earliest and largest dApps run on Qtum.
Roadmap
June 2017: Announcing the Bodhi prediction market
December 2017: Deploy Bodhi prediction market beta version onto Qtum testnet
June 2018: Deploy Bodhi prediction market MVP version onto Qtum main network
December 2018: Deploy Bodhi prediction market production version onto Qtum main network
June 2019: Deploy Bodhi prediction market optimization version onto Qtum main network[4]
Team
| Name | Title | Group |
|---|---|---|
| Xiahong Lin | Project Lead & Founder | |
| Frank Hu | Tech Lead | |
| Li Li | Design Lead | |
| Deric Walintukan | Smart Contract Developer | |
| Jane Wu | VP Marketing | |
| Cecilia Li | Business Development | |
| Sai Zhang | Digital Marketing Manager | |
| Samuel Suh | Consultant | |
| Jack Lam | Community Manager | |
| Patrick Dai | Advisors | |
| Weixing Chen | Advisors | |
| Chandler Guo | Advisors |
Financials
Funding
Bodhi has raised a total of $11.5M in funding over 2 rounds. Their latest funding was raised on Aug 22, 2017, from an Initial Coin Offering round.
Bodhi is funded by 3 investors. DHVC and Xiaolai Li are the most recent investors.
Bodhi has a post-money valuation in the range of $1M to $10M as of August 14, 2017, according to PrivCo. Sign up for a free trial to view exact valuation and search companies with similar valuations[5].
Investors
Bodhi is funded by 3 investors. DHVC and Xiaolai Li are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
| DHVC[6] | Yes | Seed Round - Bodhi |
| Xiaolai Li[7] | No | Seed Round - Bodhi |
| Patrick Dai[8] | No | Seed Round - Bodhi |
Technology
Bodhi uses 9 technology products and services including HTML5, jQuery, and Google Fonts, according to G2 Stack.
Bodhi is actively using 19 technologies for its website, according to BuiltWith. These include Viewport Meta, IPhone / Mobile Compatible, and SPF[9].