Company Information

Get to know 5ire

5ire is a technology company that has developed 5ireChain, a fifth-generation, sustainability-focused layer 1 blockchain. Founded in 2021 by Pratik Gauri, Prateek Dwivedi, and Vilma Mattila, the company's mission is to build a "for-benefit" blockchain ecosystem that aligns with the UN's 2030 Agenda for Sustainable Development. 5ire's unique consensus mechanism, known as Proof-of-5ire, rewards network participants based on their ESG (Environmental, Social, and Governance) scores and financial stakes. The company achieved unicorn status in 2022 after securing a $100 million Series A funding round, and it aims to empower governments, enterprises, and individuals to build and use applications that foster a sustainable and equitable future.

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5ire

United Kingdom

Founded in

Aug 2021 (5 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.