Whereas Ethereum (ETH) and loads altcoins continue to be adopted by main firms as piece of their treasury technique, basically the most neatly-liked news came for an altcoin that changed into fully unexpected.
Accordingly, Nasdaq-listed company Enlivex Therapeutics announced plans to carry $212 million to tag a Rain (RAIN) token treasury. All of the funds raised will almost definitely be weak to purchase RAIN tokens on the commence market.
Enlivex will promote 212 million shares to investors at a ticket of $1. Funds will almost definitely be made in US bucks and USDT.
This could well presumably perchance be the first institutional Digital Asset Treasury (DAT) serious about this prediction market token.
Shai Novik, Chairman of the Board of Enlivex, said in his observation:
“For us, this commence architecture model represents the scalable increase engine we were searching out out.
We leer prediction markets as one in all basically the most challenging emerging sectors within the blockchain condominium, and we predict about it has colossal long-term increase capacity.
We leer Rain as the foundational infrastructure layer for the replace, equivalent to how Uniswap supports decentralized shopping and selling.”
Rain is a decentralized prediction market protocol on the Arbitrum community.
Following the news, Rain’s ticket surged by over 100% and climbed above $0.0070.
*That is now no longer investment advice.
