Ponder Accepted into Mind Fund’s Helix Accelerator

Ponder is one of 12 companies accepted into the world’s first Hashgraph-focused accelerator. The 10-week program is run by Mind Fund, an early stage VC based in Hong Kong, and a partner of Japan’s famous Digital Garage startup studio and investor.

Hashgraph technology is an alternative Distributed Ledger Technology (DLT)that uses a difference consensus mechanism to Blockchain. It uses a ‘gossip’-based consensus protocol, which together with a ‘virtual voting’ system bypasses the bottlenecks that restrict the speed and capacity of blockchains. As a result, transactions can be processed in quantities of 100’s of thousands per second as opposed to then 10’s per second possible on blockchains.

Moving away from proof of work and staking also enables a less energy intensive and fairer ordering system for transactions. This makes Hashgraph ideal for micropayments, where transaction fees can be greater that the actual value being transferred. Given Ponder’s reliance on micropayments, Hashgraph is the only technology that can satisfactorily do this at scale.

The 10 week program will give Ponder the chance to do a deep dive on it’s token structure and tokenomics. At the end of program we aim to have a technical white paper and a tokenomics paper also ready. The program finishes with a demo day on April 18th where all 12 startups present to investors from across the globe.

The program started on Feb 12th. We’ll keep our community up to date as we progress in the program.