ESTS Initiative announces the winner of September’s NEO Seed Competition
In September, ESTS Initiative launched a competition targeting start-ups operating their ICOs on the NEO platform. A good turnout of companies showed interest to participate in this competition, to get the chance to win E&S Group tailor-made ICO legal services. Participated companies that showed an interest to benefit from Malta’s progressive laws towards blockchain-based crowdfunding campaigns.
NEO Seed Competition Winner
The crowned winner of September’s NEO seeding competition is the Spotcoin project from Tbilisi, Georgia, which began its public sale on Monday, 22nd October 2018. The aim of this project is to make digital currencies work by means of a direct access and simple liquidity. Initially, their business started as an over-the-counter clearing house in Georgia. Their main function was to facilitate movement of both cryptocurrencies and fiat currencies. When the enterprise started to grow, they expanded into a multifaceted powerhouse, focusing more on mining operations and education. Since their business has taken a positive turn, the team came up with the idea of launching an ICO to be able to get more funding for their project. In turn, they built an automated digital currency exchange in Georgia giving access to the smart economy to everyone living in the Black Sea region.
If you are looking to set up an ICO project in Malta, E&S Group is the perfect corporate and legal firm to offer you a guided assistance to raise funds for your project implementation. At E&S Group we provide ICO Legal Services, Tokenomics and step-by-step procedure to set up your company in Malta. If you are interested to get a quote please send us an email on [email protected]. ‘We make things happen!’
As you already know the E&S Group team took part in KSU Fresher’s Week organised at the University of Malta where we held a competition for attentiveness and agility among the University undergraduates. We offered the participants to go through the labyrinth as fast as possible to have an opportunity to win the main prize – a tablet.
During the 5 days of Fresher’s Week, nearly 100 young people participated in this competition of skill whilst also trying out their luck. Last Monday the front-runner of the competition was announced.
The winner of the maze competition was Liam Grech, to his disbelief, with the fastest time achieved, 4.92 sec to be exact! Liam is undergraduate doing his Bachelor of Science (Honours) in Mathematics and Statistics and Operations Research. Let us wish him good luck in writing his thesis this academic year and promising career prospects!
E&S Group provides a range of services including ICO Legal Services, Corporate Services, iGaming, International Tax Planning, Financial Planning, Tokenomics, and more. If you are a student willing to work in one of these fields in the future, be sure to get in touch!
The Blockchain technology is overtaking the world by storm. More companies are shifting their business into the world of blockchain, most notably financial services, governments, healthcare and media.
Blockchain is a system of agreements working on encryption. A stream of computer nodes is connected to a common blockchain. They verify transactions until the last node is confirmed and completed. Once a transaction is processed it cannot be changed, deleted or manipulated.
Insight on the NEO platform.
The NEO platform was developed by a Shanghai-based blockchain R&D company called “OnChain”. They created a platform which is widely associated with Ethereum. On the NEO website, the platform is described as “non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.”
The NEO platform works by smart contracts. These digital contracts follow specific-instruction which are programmed to the platform in a written code by programmers. Its role is to self-execute the contract given to it when certain conditions are made.
NEO is said to be similar to Ethereum. However, NEO’s space supports many different code bases, namely; C#, VB.Net, F#, Java, Kotlin to name a few. While on the other hand, Ethereum has its tailor-made proprietary language named Solidity. Every developer working on the Ethereum platform needs to get acquainted with this digital language before developing their projects on this platform.
The advantages that NEO has for developers is that it is easy to work on, and developers do not need to learn a totally new language to create their blockchain on the platform. NEO is easy to use in order for one to create new projects which include smart contracts.
What will the future of NEO be? Will it overtake Ethereum? Only time will tell what will happen to these two competing blockchains.