International gaming Firm Ganapati Group today announced the appointment of Eman Pulis as a Senior Advisor of its subsidiary GanaEight Coin Limited, issuer of Those G8C tokens, Before a Projected ICO launch. Mr. Pulis is currently the founder and CEO of SiGMA (Summit of iGaming Malta) and Malta Blockchain Summit, both widely understood and known as melting pots for knowledge and innovation in the online gaming industry and the brave new world of blockchain.
Ganapati revealed intends to establish an ICO for its G8C token past month. The company has offices in numerous jurisdictions around the world, including in Malta in which it operates under a permit issued from the Malta Gambling Authority.
Being home to hundreds of gambling companies and thousands of thousands of iGaming workers, Malta has established itself as one of the world’s largest online gaming hubs, along with the recent approval of blockchain and cryptocurrency-focused legislations aims at turning the Mediterranean island country into a major European and global blockchain jurisdiction.
Back in July, the Maltese Parliament passed three bills into law to establish the first regulatory frame for DLT (distributed ledger technology) platforms, blockchain, and cryptocurrencies. The three legislative pieces provide for the creation of dedicated guidelines and authorities for the regulation of ICOs in addition to of the development and promotion of the blockchain industry in Malta, among other matters. All three bills were introduced and sponsored by Maltese MP Silvio Schembri.
At a news release from earlier today, Ganapati explained that Mr. Pulis has joined the group 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 reported that he’s been working together with Ganapati’s group for the past three years to establish a relationship based on mutual confidence. He went on to say he is thrilled to “walk this journey together as an advisor and bring [his] wealth of connections to the table.
In a statement in the month, Ganapati explained that its token could be used on its proprietary blockchain to play in online casinos. In addition, it doesn’t require GAS and gamers do not have to swap tokens for chips. Pre-sales of the token are intended for its first quarter of 2019. The company has previously said that more details would be revealed when these are decided on.
In another form of information from late last month, Ganapati also announced the appointment of Maltese lawyer Dr. Kristina Deguara along with her Japanese colleague Hayato Terai as Co-CEOs of its GanaEight Coin subsidiary. They’ll oversee the upcoming launching of the ICO and will make sure that the gaming company’s G8C token business is operating in full compliance with legislations in both Malta and Japan.