According to Foresight News, GasHawk, a transaction fee service provider, has completed a $1.6 million Pre-Seed round of financing, with participation from 3SE Holdings, AVID3, Artemis Capital, App Works, RedBread Ventures, Alchemy and some angel investors. The funds raised will be used to continue to expand its transaction layer IP while building new services around the Atomic Unit in encryption.

The GasHawk model predicts and executes the lowest base fee in any time interval. Retail investors and institutions can set time sensitivity for their TX and find the best execution method within that time period.