Blockchain Startup HashQuark Completes Qiming-Led Series A
Through its Series A, blockchain infrastructure provider HashQuark has obtained funds from Qiming Venture Partners, which led this round of funding. Fenbushi Capital, HashKey Capital, Hash Global, imToken Ventures and SNZ joined the party.
HashQuark develops mainstream proof-of-stake (PoS) blockchains, focusing on staking systems. Similar to making bank deposits, customers delegate tokens to HashQuark and, in reward, get the right to Blockchain bookkeeping. In the recent interview with HelloBTC, the company's CEO Li Chen said that the new generation of wireless -- 5G -- provides great potential for staking services.