Category: Tokens

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IOTA has introduced Qubic software

Categories Technology, Trading, Cryptocurrency Exchange, Tokens, IOTA, Tangle Technology

IOTA has introduced Qubic software

There has been an awful lot of talk around the latest IOTA project. This won’t come as much of a surprise to those that are familiar with IOTA and its native Tangle technology, but this new bit of tech is set to seriously raise the bar. Qubic is already being billed as a world-changing bit of software, but what do we really know about it?

How does Qubic work?

The short answer to this is “no one really knows”. Thus far, the specifics surrounding the project have been shrouded in an air of mystery but more details are scheduled to be released in the coming days.

So far, we have gathered that Qubic will seek to change the way that businesses interact with and use smart contracts. Similar in some ways to other more mature ecosystems, IOTA will provide the smart contract functionality- a great thing in a world where there is no such thing as a one-size-fits-all blockchain solution.

Qubic is expected to place a big emphasis on smart contracts and will provide an oracle system which will be capable of connecting USD/EUR conversions to a smart contract. The exchange rates will be taken in real-time from Bloomberg.com and this means that new trading vehicles that are linked to IOTA can be introduced.

A possibility of facilitating trading options

One possible outcome is that Qubic will facilitate a way for trading options that are related to IOTA. Speculating on any asset can lead to increased volatility and even though those behind IOTA would like to see a bit more stability, a balance is expected to be found. Hedging bets on crypto are increasing in popularity, but until the market truly matures, its volatility means its pretty tough to do so effectively and profitably. Qubic may offer a suitable solution, in this case, assuming of course that this is how the technology is designed to be used.

It also seems that Qubic will also offer a way for existing IOTA trading platforms to tap into the world of decentralising margin trading. This particular accomplishment will be achieved through using IOTA Tangle to offer a low-cost and simple infrastructure. For those who want to convert to and from USD/EUR and IOTA, the future is looking pretty bright.

Let’s wait and see

Scheduled to be officially launched in the near future, everyone is poised to see how this technology will measure up. If IOTA can deliver on their promise and the expectations around Qubic, it will be a big step for them, but until then, let us wait and see.

 

Interested in Learning More about ICOs Legislation in Malta? Contact us directly on +356 20103020 or by mail at [email protected] to find out more.

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The Importance of Legal Advisors in ICOs and Blockchain Projects

Categories Blockchain, Cryptocurrency, ICOs, Law, GDPR, Tokenomics, Tokens, Guest Post, White Paper, Know Your Customer, Anti Money Laundering

The Importance of Legal Advisors in ICOs and Blockchain Projects

GUEST POST BY The Tokener

 

Legal advisors are like the internet connection. When you have it, you forget about the importance of it. Once you lose it you find out all the things you can’t do without it. It is easy to forget about the importance of a good legal advice, so let’s try and recollect all the important things legal advisors do for an ICO.

Setting up an ICO is not an easy task. There can be a lot of bumps down the road so it is essential to make sure that everything runs as smooth as possible. Roadblocks in the legal area are one of the main problems most ICOs encounter. Any legal issue that ICO encounters is a huge red flag for potential investors. Because of that, the best ICOs have a legal department on point.

Reputation

World of ICOs and Blockchain is still pretty unregulated, because of that, it is easy to damage the reputation of an ICO. This can happen for a wide variety of reasons – from false scam accusations to the unclear roadmap, or token use. Having an experienced legal advisor can save you from these issues.

The legal advisor should be familiar with and present in every key aspect of an ICO, starting from the whitepaper. First, you need to decide terms and conditions of your whitepaper. Every piece of content in the white paper has to get the green light from the legal advisor. Keep in mind that courts, investors, and regulators rely on the whitepaper to understand how the project will work.

Token Model

The token itself needs to be verified by the legal advisor. With your legal team, you will need to decide whether your token will be considered a payment token, utility token or asset token. This is a very important decision and different choices can lead to different outcomes in terms of the project compliance with the regulations.

KYC/AML Evaluation

When all of that has been done, you will need to make sure that your ICO complies with all the possible regulations. The most important ones are KYC/AML (Know Your Customer/Anti Money Laundering) regulations which help ensure that your project is safe and secure from potential scams. It is not an easy work; it takes a lot of knowledge in order for everything to run smoothly. The Blockchain industry regulations are just starting to kick in, so it is best to have an experienced legal advisor on the team.

Intellectual Property Protection

Imagine that you prepared everything for the start of an ICO campaign. Suddenly someone accuses you that you stole their logo. You should worry about the project, but now you are stuck in the legal labyrinth. This is a disaster! Because of this, legal advisors are essential. They will make sure that all your domain names, trademarks, copyrights, trade secrets and patents will be protected and will be acknowledged as your intellectual property. These are not the thing you want to worry about when preparing an ICO launch.

GDPR

GDPR (General Data Protection Regulation) is another thing your ICO will need to comply with. Without this, your ICO can’t reach its full potential. Having a GDPR protocol is now considered a standard in the world of ICOs. All of this is in the realm of your legal advisors.

Conclusion

Getting a legal advice might be the best first step of every ICO project. It will ensure that everything is protected and in sync with the regulations. The creative potential of the founders will not be held back by unnecessary legal troubles that may pop up. Everybody involved in the project can focus on what they do best and not worry about regulations.

If you are looking for a legal advice for your ICO, the best time to get one was yesterday, the next best time is right now. If you have any questions please contact us at [email protected] or phone us on +356 2010 3020. Visit this link for further information regarding our ICO Legal Services. We are here for you!

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Tokenisation of the football industry with Socio.com

Categories Blockchain, ICOs, Malta, ICO Legal Service, The Blockchain Island, E&S Group, Tokenomics, Tokens, esports, Utility Tokens, Football, Sports

Tokenisation of the football industry with Socio.com

Recently a Maltese based Fintech and sports company, Mediarex, has raised $65 million through a private token sale. Mediarex utilizes the blockchain based sports platform chiliz.com. Due to the hype of the World Cup, chiliz.com has set in motion a football platform through Socios.com. This platform will engage and monetize football fans through the World Cup season.

Engaging Fans through Socios.com

Fans around the world bet for their favourite teams to win. Through Socios.com, fans can vote by means of tokens enabled by the blockchain platform. Football fans can buy tokens distributed within the blockchain system. When purchasing these tokens, fans can also trade and execute voting known as “crowd-manger” rights to their favourite team. Since Socios.com is collaborating with chiliZ, players can purchase $CHZ token to participate in this platform. chiliZ has, in fact, contributed $20 million to Socios.com venture, taking the football fan engagement into the mainstream.

Will “Socios” concept be of success?

Since the technology industry is moving at a fast pace, football fans are looking into the digital aspect of fintech and blockchain based solutions. By means of mobile applications, football fans from around the globe will connect together through the Socios.com platform. It is estimated that Socios blockchain will connect 4 billion football fans worldwide to the 1000 UEFA clubs and 2300+ professional football teams in existence. Once registered in the platform, teams can trade voting rights for management decisions within the Socios.com platform. Moreover, each team can manage their “token sale”, receiving funds from their fans and investors exchanging them into voting rights.

 

E&S Group is pleased to have advised chiliZ.com. For more information regarding our ICO Legal Services please check us out on this link. If you would like to contact us please send us an email on [email protected] or phone us on +356 2010 3020

 

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What to consider when creating an ICO

Categories ICOs, Law, E&S Group, Technology, Tokenomics, Tokens, White Paper

What to consider when creating an ICO

Over the years, Malta has built up a solid reputation as a leading jurisdiction for iGaming, fintech, and financial services. With these foundations already in place, it was a matter of natural progression for it to become the new global home for ICOs.

In May of this year, the Maltese government announced three new acts that would seek to provide legal clarity and regulatory certainty for ICOs, virtual currencies, and blockchain technology and service providers. The move has been welcomed by the international cryptocurrency community and it has now put Malta well and truly on the map when it comes to those looking for a suitable place to launch an ICO. But what else should you consider before getting the ball rolling?

Create a whitepaper

You can have the best idea, the best team, and the best planning in the world, but if you don’t have a truly excellent whitepaper then your project is doomed before it has even started. As well as now being a legal requirement, the whitepaper will allow you to clearly and succinctly communicate your concept to those that are interested in investing in it. This is not a document that you can write yourself in a few hours, you need to enlist the help of a professional to ensure that not only do you include all of the required information but that you also tick all of the regulatory boxes. The document should include what problem the ICO offers a solution to, the vision, what the course of action will be, business issues, a full description of the product, and how it will be marketed. If the whitepaper doesn’t answer every question that potential investor might have, then it isn’t doing its job properly.

Consider ancillary services

Setting up an ICO is not just creating a whitepaper, advertising it on Reddit and then waiting for the funds to roll in- you need to consider things such as bank accounts, tax implications, company registration, legal advice, and more. For these issues, you need to enlist the help of a specialist within the jurisdiction the ICO will be set up in. E&S Group can offer you step by step assistance from A to Z.

Tokenomics

Having a great idea is just one part of the puzzle- knowing the intricate ins and outs of how the ecosystem will work is something a little bit complex. Having the correct tokenomics can make all the difference between a successful ICO and one that fails, so finding a suitable tokenomics advisor is a necessity. This skill set is not something that everyone can offer, but at E&S our team of financial experts, accountants, business advisors, and crypto specialists can guide you through the four main areas of consideration for creating the perfect ecosystem.

Attracting the right investors

Attracting the right investors is paramount to your success. Even the best ideas and projects will fail if they are not getting noticed by the right audience. There is a range of different ways that you can seek to publicise and market your ICO and knowing how to do it in a way which is effective and lucrative whilst still retaining reputability, is something that needs some professional input. From social media to specialist databases and PR to your marketing plan,

Are you legally compliant?

With new regulations due to come into force in Malta, adherence to the rules should be at the forefront of your business plan. Understanding EU requirements in terms of KYC and AML, as well as issues such as the classification of securities, is something that a specialist should be assisting you with. Ensuring that you are in full compliance with all applicable laws, rules, and regulations will save you many problems in the future, as well as enhance your credibility on the market.

Whilst the ICO sector is only a couple of years old, the professionals at E&S have already amassed a wealth of hands-on experience in planning, developing, executing, and marketing compliant and successful ICOs. Why not contact us today to see how we can give you and your project the boost that it needs?

 

If you have any questions in relation to ICOs, please contact us on [email protected]

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A floating island in the Pacific is soon to have its own cryptocurrency

Categories Blockchain, Cryptocurrency, Technology, Tokens

A floating island in the Pacific is soon to have its own cryptocurrency

The government in French Polynesia are working on a project to create around 300 homes that will be based on a man-made, floating island. This new habitat will have its own governance and its own monetary system that will be based on a cryptocurrency called Varyon (VAR).

Floating Specialised Economic Zone

Dubbed a “Floating Specialised Economic Zone ” this flagship project is being developed as a proof of concept that will pave the way for more implementation. The overall cost of the project will be around $50 million and completion of the first island is expected by 2022. Funding has been secured through various philanthropic donations from the Seasteading Institute and Blue Frontiers, an organisation that drives the initiative as well as managing the sale of the Varyon crypto tokens.

The team behind the initiative are envisioning hundreds of self-governing crypto-based nations that will float on the world’s oceans.

The area is under threat from natural disaster

Natalia Mezza- Garcia, a researcher involved with the project stated that the main reason behind the initiative, as well as the choice of reason, is due to the fact that the area is under direct threat from coral erosion and rising sea waters.

Benefits for those that choose to settle on these self-governing islands are aplenty and include; a convenient location for those that are displaced, an economy that is designed to support businesses beyond governmental influence, and the ability to be able to switch between islands as and when one feels like it.

“This means there is stability, outside of fluctuating geopolitical influences, trade issues and currency fluctuations — it’s the perfect incubator,” Mezza-Garcia said, adding that government would simply “exist only as service providers.”

Can it work?

Whilst it is no doubt an interesting concept, whether it will work or not will depend on several factors.

First of all, the volatility of the value of Ethereum and Bitcoin means that Varyon is up against a challenge to ensure the stability of its coin. Secondly, it remains to be seen whether people will want to give up their lives on the mainland to take a risk on starting a new community. Thirdly, the self-governance of cryptocurrencies and related technologies are only as good as the programming code that underpins it. Fourth, whilst the project is relying on people wanting to settle there due to degradation of coral and rising sea waters, whether they will choose an alternative location rather than these new ecosystems remains to be seen.

For now, the concept is a fascinating one but only time will tell if it will ever come to fruition.

 

To know more about ICO legislation in Malta please follow this link.

Contact us directly on +356 20103020 or by mail at [email protected] to find out more.

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LifeTask launched its Private Placement! – The human potential source.

Categories Blockchain, Cryptocurrency, ICO Legal Service, E&S Group, Technology, Tokens, New ICO - LifeTask

LifeTask launched its Private Placement! – The human potential source.

E&S Group is proud to announce that its client LifeTask has launched its Private Placement!

 

Our client LifeTask has created a P2P platform app by means of Artificial Intelligence. This concept came about to bring employers and prospective employees closer through their decentralised competence platform. Through this platform, the best job match will be guaranteed to employers discovering new talents within the job market.

Employers are subjected to fill a detailed job description to be placed on the LifeTask platform which will be placed under on AI platform. While employees will also fill in their portfolio and submitted in a separate AI platform. The positive side of this technology is that LifeTask platform can effectively find the perfect potential candidate the company would like to join their business. Prospective employees are not restricted to fill in their competencies but also their interests and personal development. This highly acclaimed initiative will save time and money. The employer can pay for the service given by LifeTask Tokens available on the platform.

E&S Group is proud to be advising and supporting such an innovative project bringing employers and prospective employees one step closer to achieve a harmonious work environment. If you are interested and would like to know more about the services offered please visit their website on https://www.lifetask.io

Planning an ICO or simply want more information on ICOs, Blockchain or Crypto? Click here to read more about ICOs or contact us on [email protected]

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Yizoot Token Offer is LIVE NOW! – The world of video reinvented.

Categories Blockchain, Cryptocurrency, ICOs, ICO Legal Service, E&S Group, New ICO - Yizoot, Tokens

Yizoot Token Offer is LIVE NOW! – The world of video reinvented.

E&S Group is proud to announce that its client Yizoot has launched its Pre-Token Offer!

The founders of Yizoot have created a platform through blockchain technology. Contributors using the Yizoot platform can fully take advantage of geo-space (digital land), offerings, and voting rights. Users can automatically process transactions hence purchasing rent geo-land by means of YTC Tokens. The platform also provides an Augmented Reality and Geo-spatial tools for video-based platforms.

The platform provides any location mapped around the world. By means of smart contracts, subscribers can manage their own video geo-channel, thus ensuring Proof-of-Concept to viewers and advertisers alike.

E&S Group is proud to be advising and supporting this innovative Geo-spatial platform. To learn more about Yizoot, please visit their website: https://yizoot.com

Planning an ICO or simply want more information on ICOs, Blockchain or Crypto? Click here to read more about ICOs or contact us on [email protected].

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