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      XDC Network's Logo

      XDC Network - Undisclosed

      Overview Investors Founders Company Profile / Project Introduction

      Overview

      Funding Date

      October 3, 2022

      Financing amount

      $50M

      Valuation

      --

      Catagory

      Others

      Subcategory

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      About XDC Network - Undisclosed

      The founders of the XDC Network have leveraged a portion of their personal token allocations to secure a $50 million commitment from global alternative investment group LDA Capital Limited to accelerate the expansion and development of Layer 2 projects across the XDC Ecosystem and to facilitate network adoption and real-world utility.

      Investors

      InvestorsTypeLocationYear Founded#Portfolio CompaniesEmail AddressSocials
      FundUnited States of America201813--

      Founders & Team

      Atul Khekade's Logo

      Atul Khekade

      Ritesh Kakkad's Logo

      Ritesh Kakkad

      Company Profile / Project Introduction

      XinFin Network is an innovative solution to the scalability problem of the Ethereum blockchain, and other current blockchain platforms. XinFin Network relies on a system of 108 Masternodes with XinFin Delegated Proof of stake (XDPOS)consensus that can support low transaction fees and 2-second transaction confirmation times. Security, stability and chain finality are guaranteed via novel techniques such as double validation, staking via smart-contracts and true randomization processes.

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      *Fundraising Announcement: Click here