Issue link: https://maltatoday.uberflip.com/i/1002137
14 maltatoday | SUNDAY • 8 JULY 2018 BUSINESS Ganapati announces ICO launch GANAPATI Group Company has announced the creation of a new ICO with their subsidiary company GanaEight Coin Ltd in Malta. The G8C token is dedicated to the online casino market. Ganapati plc, the parent company of the Ganapati group, is listed on the UK NEX Exchange market. It also has subsidiaries with offices in Malta, Estonia, Los Angeles and Cu- racao. Ganapati's subsidiary compa- ny in Malta has a B2B class 4 casino license issued by the MGA. Ganapati Malta supplies unique online slot games that combine Jap- anese content with the traditional European iGaming experience. The company has become a world big hit and received four gaming nomi- nations within the past two years including a finalist nomination for Pikotaro's Pineapple slot game as best casino product in the prestig- ious Global Gaming Awards 2018 in London. At UK's largest casino industry event ICE in 2018, the company was chosen as one of the 10 must see companies in the industry. Malta is one of the world leading hubs for online casino and crypto- currency businesses. The law relat- ing to crypto currency has recently been approved thus Malta is expect- ed to be a land of blockchain. This means that promoting crypto cur- rency in this country is a major ad- vantage. Recently, some of the lead- ing cryptocurrency exchanges such as Binance have relocated their head offices to Malta as well. The biggest feature of the Ga- naEight Coin Ltd token is that it can be used on its own blockchain to bet and play. It does not take GAS (transmission fee) and it's not nec- essary to exchange tokens for chips. It's likely that a lot of online casinos will be using blockchain in the fu- ture. Ganapati PLC and GanaEight Coin Ltd are developing an online ca- sino platform based on proprietary blockchains that blend unique IT technology, finance knowledge, Japanese content, casino experience and knowledge in the online casino industry. Token sales are planned for the first quarter of 2019 and will be re- leased as soon as details are estab- lished.