Ganapati launches ICO for online casino token

Online gaming supplier Ganapati Group has announced the creation of a new Initial Coin Offering (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 Curacao. Ganapati’s subsidiary company in Malta has a B2B class 4 casino license issued by the MGA. Ganapati Malta supplies unique online slot games that combine Japanese content with the traditional European iGaming experience. The company has become a world big hit and received 4 gaming nominations within the past 2 years including 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 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 cryptocurrency businesses. The law relating to crypto currency has recently been approved thus Malta is expected to be a land of blockchain. This means that promoting crypto currency 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 the GanaEight 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 necessary to exchange tokens for chips. It’s likely that a lot of online casinos will be using blockchain in the future. Ganapati PLC and GanaEight Coin Ltd are developing an online casino 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 is planned from the first quarter of 2019 and will be released as soon as details are decided.

SHARE
Previous articleGovernor Koike says Tokyo needs to consider IR bid
Next articleAnti-casino protesters march in the Osaka rain

Related Articles

Japanese online gambling leader detained in Taiwan

Ganapati is arguably the most prominent firm in the online gambling industry that brings a touch of Japanese culture to the online gambling market. The firm’s founder, Hayato Kinoshita, was detained by police last week in Taiwan on gambling-related charges and reportedly faces up to three years in prison if he is prosecuted and convicted. […]

Ganapati CEO refutes media reports

Ganapati CEO Juliet Adelstein has issued a letter to Asia Gaming Brief refuting various media reports regarding her online gambling company, which is well known for using Japanese motifs in its online products. The issuance of the letter was prompted by the police raid on Gamatron Studios, reported by the Taiwanese media on July 7, […]

Police raid Gamatron Studio office in Taipei

Police have raided the offices of Gamatron Studios in Taipei’s Neihu Technology Park, arresting 31 people, including the top executive, named Kinoshita. Kinoshita is believed to be Hayato Kinoshita, founder of Ganapati PLC, the prominent online gaming firm. Also arrested were two other Japanese, 27 Taiwanese, and one person, the accountant, who is from Hong […]