Chinese smart wristband Gyenno One launched a fund-raising campaign on Aussie crowdfunding site Pozible to raise 10,000 yuan ($1,600) of funding. As one of the first Chinese projects to launch crowdfunding campaign on the platform, Gyenno One smashed its funding target within minutes after going live. As of the time of writing it had hit 508,729 yuan and there are 27 days left in the campaign.
During the crowdfunding period, the product is offered in two colors of black and white at a minimum price of 399 yuan (around $64), while the official price tag is 1,099 yuan.
Gyenno One is a wrist-based fitness tracker features buttonless TapTap control system, allowing users to monitor physical activity, check time and battery info with double tap. The gadget claimed more than 15 days of battery life though 1.5 hour fast wireless charging, eliminating the clutter of cables, which in turn, guarantees its waterproof functionalities.
As a fitness tracker, Gyenno One can log the sleeping hours of users and provide an accurate assessment of the sleeping patterns. Gyenno X technology automatically detects and switches between exercise and sleeping modes, eliminating the need to change the mode manually.
The company is supported by a group of six experienced hardware developers headed by Ren Kang, a former employee of Huawei. Targeting at IOT industry, the company plans to develop other supporting hardware after the launch of Gyenno One.
With investments from the founding team and an angel investor, Ren Kang told TechNode frankly the real initiative that drives Gyenno to launch fundraising campaign on Pozible is not the lack of capital, but to “bring the imaginative works of Chinese makers to the world stage.” In this case, the crowdfunding platform seems to have turned into a marketing rather than fundraising platform.
Founded in 2010, Pozible has raised around $19 million funding for more than 6,000 projects from users scattered in 104 countries all over the world. The site has launched a Mandarin version and an international team is available now to help Chinese crowdfunders to fully engage a western market.
image credit: Gyenno One