Ganapati Launches New ICO

Ganapati Launches New ICOReading Time: 2 minutes

Ganapati Group has announced the creation of an ICO with their subsidiary company GanaEight Coin Ltd. in Malta on Saturday, July 7th 2018. These tokens (G8C, G Eight C) can be used in online casinos.

Ganapati PLC, the parent company of Ganapati Group, is listed on the UK NEX Exchange market. It also has subsidiaries and offices in Malta, Estonia, Los Angeles and Curaçao. Ganapati’s subsidiary company in Malta has an online casino license (BtoB license) issued by the MGA. Ganapati Malta supplies unique online slot games that combine Japanese content with traditional European iGaming experience. Ganapati has become an international hit and received 4 gaming nominations within the past 2 years.

These include a finalist nomination for Pikotaro’s Pineapple slot game as best casino product in the prestigious Global Gaming Awards 2018 in London. At UK’s largest casino industry event ICE Totally Gaming in 2018, the company was chosen as one of the 10 must see companies in the industry.

Malta is one of the world’s leading hubs for online casino and cryptocurrency businesses. The law allowing cryptocurrency has recently been approved thus Malta is expected to become the land of blockchain. This means that promoting cryptocurrency in this country is a major advantage. Recently, some of the leading cryptocurrency exchanges such as Binance have relocated their head offices to Malta as well.

The biggest feature of GanaEight Coin Ltd. token is that it can be used on its own blockchain to bet and play. It does not require GAS (transmission fee) and it’s not necessary to exchange tokens for chips. It’s likely that most online casinos will be using blockchain in the future. We are developing an online casino platform based on proprietary blockchains that blend our unique IT technology, knowledge of finance, Japanese content, casino experience, and knowledge in the online casino industry.

Pre-sales are planned to be launched in Q1 of 2019. After the announcement of this project, details will be revealed as they are decided.

Source: Ganapati

Source: European Gaming Industry News

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.