The Isfayram hydropower station RWA has successfully completed a $10 million on-chain financing round, according to BNB Chain data. The IHP token, associated with the project, now boasts a market cap exceeding $100 million, following a 261.33% price surge in the past 24 hours. The funding was facilitated through BNB Chain's RWA infrastructure, PicWe, and primarily sourced from a public offering.
The raised funds will support the construction and operation of phases two to five of the hydropower station, with the first phase already operational in Kyrgyzstan. IHP is now available for trading on PicWe DEX, offering investors an annualized yield of 20% and utilizing a Bonding Curve and Treasury Floor Price mechanism for downside protection.
Isfayram Hydropower Secures $10M On-Chain Funding, IHP Market Cap Hits $100M
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