International gaming company Ganapati Group today announced the appointment of Eman Pulis as a Senior Advisor of its subsidiary GanaEight Coin Limited, issuer of the G8C tokens, ahead of a planned ICO launch. Mr. Pulis is the founder and CEO of SiGMA (Summit of iGaming Malta) and Malta Blockchain Summit, both widely known and recognized as melting pots for innovation and knowledge in the online gaming industry and the brave new world of blockchain.
Ganapati revealed plans to launch an ICO for its G8C token last month. The company has offices in numerous jurisdictions around the globe, including in Malta where it operates under a license issued from the Malta Gaming Authority.
Being home to hundreds of gaming companies and tens of thousands of iGaming employees, Malta has established itself as one of the world’s largest online gambling hubs, and the recent approval of blockchain and cryptocurrency-focused legislations aims at turning the Mediterranean island nation into a major European and global blockchain jurisdiction.
In July, the Maltese Parliament passed three bills into law to set the first regulatory framework for DLT (distributed ledger technology) platforms, blockchain, and cryptocurrencies. The three legislative pieces provide for the creation of dedicated authorities and guidelines for the regulation of ICOs as well as of the development and promotion of the blockchain industry in Malta, among other things. All three bills were introduced and sponsored by Maltese MP Silvio Schembri.
In a news release from earlier today, Ganapati said that Mr. Pulis has joined the team of its GanaEight Coin subsidiary as a Senior Advisor to guide the company through the upcoming launch of its ICO.
Commenting on his appointment, Mr. Pulis said that he has been working with Ganapati’s team for the past three years to establish a relationship based on mutual trust. He went on to say that he is thrilled to “walk this journey with them as an advisor and bring [his] wealth of contacts to the table.”
In a statement from last month, Ganapati said that its token can be used on its proprietary blockchain to play in online casinos. In addition, it does not require GAS and players do not have to exchange tokens for chips. Pre-sales of the token are planned for the first quarter of 2019. The company has previously said that more details would be disclosed when these are decided on.
In a separate round of news from late last month, Ganapati also announced the appointment of Maltese lawyer Dr. Kristina Deguara and her Japanese colleague Hayato Terai as Co-CEOs of its GanaEight Coin subsidiary. They will oversee the upcoming launch of the ICO and will ensure that the gaming company’s G8C token business is operating in full compliance with legislations in both Malta and Japan.
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