GongXinBao
Latest round
- Angel
Last raised
- May 2017
Total raised
- Undisclosed
Investors
- 1
About GongXinBao
Founded in 2016, GongXinBao is headquartered in Hangzhou, China, and specializes in blockchain technology solutions. The company has not undergone any notable pivots and remains focused on its core business operations. The founder, Minqiang Huang, has not been publicly noted for previous ventures.GongXinBao offers a decentralized blockchain platform known as REI Network, which facilitates fast and cost-effective on-chain transactions. The platform features an innovative staking model, allowing users to conduct transactions with minimal to no gas fees. With an average block time of 3 seconds and a transaction throughput of over 3000 transactions per second, REI Network supports developers, DeFi projects, GameFi applications, and NFT creators by providing essential tools and resources for building and deploying decentralized applications (DApps).GongXinBao generates revenue primarily through transaction fees associated with on-chain activities and staking mechanisms. Users can stake their tokens to facilitate transactions without traditional gas fees, earning rewards for validating transactions.GongXinBao's future growth strategy includes developing new products and expanding its market presence. Upcoming product launches are aimed at enhancing the user experience and service offerings within its ecosystem. The company is exploring expansion into new geographic markets, although specific regions and expected timelines for this growth are not specified.
Who invested in GongXinBao
1 investor across 1 round
See all investors in GongXinBao
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Angel
May 1, 2017
Amount
Undisclosed
Investors
Questions about GongXinBao
Who invested in GongXinBao?
GongXinBao has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has GongXinBao raised?
GongXinBao has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did GongXinBao last raise money?
GongXinBao's most recent round on record is a Angel, in May 2017.
What does GongXinBao do?
Founded in 2016, GongXinBao is headquartered in Hangzhou, China, and specializes in blockchain technology solutions.
Where is GongXinBao headquartered?
GongXinBao is headquartered in Hangzhou, China.
Which VCs invest in companies like GongXinBao?
Among active investors with capital left to deploy, 360 ONE, Gopher Asset Management, DSC Investment and Stellaris Venture Partners back financial services companies at GongXinBao's stage. Their profiles are linked below.
VCs backing financial services startups at Angel
Raising like GongXinBao? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.