Category: Cryptocurrency Exchange

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Crypto-friendly banks expected to open in Malta in the next 12 months

Categories Blockchain, Cryptocurrency, ICOs, Bank, DLT Regulation, E&S Group, Cryptocurrency Exchange, Tokens, Wallet, Delta Summit

Crypto-friendly banks expected to open in Malta in the next 12 months

Roderick Psaila, a Malta-based banking expert spoke about the future of crypto-banking at the Delta summit in Malta held between the 3rd and 5th of October. The three-day event was the world’s first official and government approved blockchain event of its type, and it attracted over 1500 delegates from all over the world.

Speaking as a part of a discussion panel, he was responding to criticism of traditional banks hesitancy to embrace blockchain, DLT, and cryptocurrencies despite the fact that the Maltese government has approved the DLT legislation in November.

“We are already seeing new, smaller banks show a willingness to adopt blockchain technology, but legacy banks will take longer to come round, because of their systems in place and because they tend to expect higher standards,” he said.

He also stated that he believes that two to three crypto friendly banks will open in Malta within the next year that will be amenable to blockchain and crypto, as well as being conducive to the industry’s growth.

This could be due to the fact that it is unlikely for the banking industry to fully adopt and embrace blockchain technology until matters around its compliance with anti-money laundering framework were finalised. Until this framework has been deemed acceptable to banks, it doesn’t matter how acceptable it is to operators, ultimately the banks have the final say.

Also on the panel was Michael Matthias who is the CEO of digital currency Dascoin and he stated the need for banks to catch up with modern technology instead of shying away from it.

“And yet, as blockchain technology becomes more mainstream, it is not farfetched to imagine a near future in which cryptocurrency is used as the coin of choice in everyday payments and transactions,” he said.

The Delta Summit, the first of its kind has been called a resounding success by all that attended. Dr Christian Ellul, Director of E&S Group also spoke on a panel discussing Malta’s bright future as the “blockchain island”. Other speakers at the event included the Prime Minister of Malta Joseph Muscat, Changpeng Zhao the CEO and Founder of Binance, and other global stakeholders in the blockchain, crypto, DLT, and ICO sectors. If you have any questions in relation to ICOs, and Malta’s legislation regarding ICOs and blockchain please contact us on [email protected]

 

 

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Lithuania is looking to regulate Token Generating Events

Categories ICOs, Law, Technology, Trading, Cryptocurrency Exchange, Bitcoin, Regulation

Lithuania is looking to regulate Token Generating Events

Last October Lithuanian authorities were invited to attend a seminar that was seeking to examine the threats and potential benefits of the ICO sector, particularly with regards to the country’s economy. Whilst reports from BitMEX last week found that ICOs had so far managed to break even in terms of profit and loss in 2018, trends have shown a bit of a slump in the popularity of the market. Alongside the falling value of Ether and Bitcoin, it seems that fewer ICO projects were launched in 2018 when compared to the first half of the year.

All things considered, it does seem that it is good news and a positive sign that the market managed to break even, despite poor conditions.

Fraught with bad press

This does not mean that ICOs are not without their lack of other issues. Their issuance is fraught with lack of regulation and bad press, and research conducted at the beginning of the year found that almost 80% of ICO projects that were launched in 2017 could be classified as “scams”.

As a result, Lithuanian authorities have come together to voice their concerns over the ICO market, something that is becoming commonplace in a number of jurisdictions. Politicians in the country, as well as a representative from the central bank, came to the conclusion that cryptocurrency and digital assets have created a substantial market in the country that yields a huge turnover.

“Virtual currency has huge cash flows, but (there are) worries about converting them into dollars and euros as quickly as possible, (and) leaving virtual currencies as quickly as possible.”

Creation of a regulatory body

Whilst there is a concern over the cryptocurrency cash flow and the lawless style of the ICO market, Lithuania has vowed to create its own regulatory body that will oversee the developing industry. The newly created body will be responsible for supervision and enforcement, but it will also be on the lookout for possible benefits that could emerge from blockchain and crypto.

This development will see the country follow in the footsteps of Malta which introduced its own blockchain, cryptocurrency and ICO legislation on the 1st of November 2018. To find out more about launching an ICO in Malta, please contact E&S Group by sending us an email on [email protected].

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5 ways to tell if your business needs blockchain

Categories Business, Blockchain, Technology, Cryptocurrency Exchange

5 ways to tell if your business needs blockchain

There is no doubt that blockchain is a buzzword in the world of business right now, but should you consider it for your needs? To help you make that decision, here are 5 things you need to ask yourself beforehand.

Are we ready to trailblaze in the world of technology?

Blockchains offer businesses a shared, secure, and totally immutable record of transactions across either a public or private network. By embarking on a blockchain project, your business will need to “go big”, something that requires commitment from you. A good example would be that of businesses operating in global supply chains. Blockchain can be used to simplify documentation processing between carriers, customs, and logistics providers (resulting in a 60% reduction in timeframes) but it requires entities working together over and on the same network.

Does our organisation want to join an extended business network to improve processes?

For many the answer will be “yes, of course”, but making a move of this type requires the willingness to change the way you have always done things, as well as allowing others to both verify and produce business results. For example, after signing up preferred vendors and other industry stakeholders onto a blockchain-based energy consortium, a solar design business was able to speed up the work process by sharing one set of specs over the entire platform. This way, all stakeholders including the customer had full visibility of the entire process from start to finish and changes and approvals could be communicated to everyone, instantly.

Do we need to authenticate or verify digital or physical assets as a part of our business model?

One of the best ways of using blockchain technology is for the tracking and authentication of digital assets such as music, digital wallets, education certificates, movies, and mortgage contracts, with each one having a digital transaction lodged against it. The blockchain can also be used to keep tabs on things such as diamonds, gold, organic foot, artwork, even though they require being checked “off-chain”. In cases such as these where authenticity and the history of a product need to be verified, it is up to trusted sources in the supply chain to audit each asset, which can prove tricky.

Do our business processes involve specific contract terms that could benefit from faster automated processes or payments?

If your business model involves contracts or sign-offs from multiple individuals, then you can benefit from blockchain. Law firms, real estate agencies, supply chains- all of these can benefit from trusted parties involved being able to see a log of all transactions that have occurred. The blockchain is particularly suited to automating smart contracts between two or more parties.

Do we trust our blockchain participants to act in good faith or do we need to incentivise them?

For example, two food distributors in France are building a blockchain ecosystem of over 500 organic suppliers to authenticate and certify where the organic foods have come from. In this case, the authentication of products relies on other individuals involved in the process meaning there is always a margin for error. In cases such as this, incentivising these individuals with tokens for their accurate participation can help to maintain the integrity of the network.

E&S Group are experienced in all matters related to blockchain, cryptocurrency and tokenomics. Our team of experts can help you decide whether you want to create your own blockchain project or implement such technology into your existing business. Send us an email at [email protected] and we will ‘make things happen’!

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Uganda’s first fiat-crypto exchange is launched by Binance

Categories Bank, Cryptocurrency Exchange, Binance, FIAT, Uganda

Uganda’s first fiat-crypto exchange is launched by Binance

Binance, the world’s largest cryptocurrency exchange has launched a fiat-to-crypto exchange in Uganda that has already gone live.

Founder and CEO of Binance, Changpeng Zhao announced his plans for the exchange back in June and as per the press release, the new branch was set to start accepting withdrawals and deposits of Ugandan Shillings (UGX) as of Wednesday 17th. In a statement from Binance Uganda, the company announced that KYC procedures has been already underway.

At the time of launch, traders have got an opportunity to exchange Uganda’s national fiat currency with ETH and BTC, but other trading pairs will be introduced in due course.

Despite the Bank of Uganda issuing a warning to crypto investors about associated risks of the activity in March 2017, the Ugandan government has shown considerable interest in utilizing the blockchain technology for a variety of purposes.

CFO of Binance, Wei Zhou said that Uganda’s first fiat-to-crypto exchange will help to maintain sustainable economic stability in the continent adding that the company has other plans to “bring more innovations to the region”.

This is just one of Binance’s plans to open a number of similar exchanges in locations such as Lichtenstein. In August, Binance LCX announced plans to launch a fiat-to-crypto platform in the country, offering trading pairs between Swiss francs (CHF) and Euros against popular digital currency pairs. Then in September, Binance announced that it intended to start private beta testing of a fiat-to-crypto exchange in Singapore which will support the Singapore Dollar.

Binance, based in Malta is the biggest international crypto exchange in the world and offers 24/7 adjusted trading volume with almost $1.8 billion being traded each day according to CoinMarketCap.

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

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ICO numbers significantly fell during Q3

Categories ICOs, Malta, Technology, Trading, Cryptocurrency Exchange, Statistics

ICO numbers significantly fell during Q3

Market analysis by a leading cryptocurrency organisation has yielded the expected result that ICO numbers significantly fell during the third quarter of 2018.

A report published by CoinGecko shows that the number of Initial Coin Offerings in the third quarter of the year did not match, or exceed the announced projects or funds raised in Q1 or Q2.

During the second quarter, 606 projects were announced and 267 succeeded, raising a total of $7.73 billion. In contrast, the number of projects launched in Q3 was just 388 with 193 successful bids, raising a total of $1.59 billion. It is worth noting however that EOS ran a year-long project and gathered $4 billion, meaning that some of the funds gathered, would have gone to that project.

The report also mentions that out of 34 projects registered in the last quarter, nearly all were then registered on a cryptocurrency exchange, but only seven were able to find a trading value that exceeded the money the fund had raised.

The report shows that for every $100 that an investor held in tokens for these 34 projects, the market valuation would be $740. Additionally, most of these projects were based in Singapore or Malta and the UK. In fact, the UK is showing high numbers of in-country based projects.

This comes at the end of a year that saw the value of Bitcoin drop 78%, EOS – 25% and Ether – 30% signalling, as many believe a maturing of the market with values that reflect better long-term growth rates.

When it comes to ICOs, it is hoped that their popularity will pick up in the last quarter of 2018 due to countries such as Malta enacting a legal framework to legitimise the industry. Such moves are expected to instil confidence in investors and encourage the development of new projects, in a safer environment.

To find out more about Malta’s newly enacted cryptocurrency, blockchain, and ICO related legislation, or to discuss setting up an ICO with Malta as a base, contact E&S Group on [email protected]. We make things happen!

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Centralised and decentralised exchanges – what is the difference?

Categories Blockchain, Cryptocurrency, Technology, Cryptocurrency Exchange, Tokens, Wallet, Market, Market Cap, Exchanges, DLT, FIAT

Centralised and decentralised exchanges – what is the difference?

In the world of cryptocurrency, there are two different and very distinct types of exchange, a centralised and a decentralised ones. But what is the difference between the two?

A cryptocurrency exchange is an online platform where digital currencies are traded or exchanged for other digital currencies or even fiat currencies. Both types of exchange are similar in the way that they both facilitate the buying and selling of cryptocurrencies but both suffer from different complications as well as enjoying different benefits.

What is a centralised exchange?

A centralised exchange is one of the most common types of crypto exchange and it allows the user to buy and sell cryptocurrencies with fiat currencies, as well as buying cryptocurrencies with other cryptocurrencies. The majority of these exchanges accepts payments via debit or credit card, as well as bank and wire transfer.

When we call it a centralised exchange, we mean that third parties assist with conducting the transactions that take place on it, whilst all daily operations are supervised by an organisation. They are similar in type to a traditional stock exchanges but deal with crypto and fiat rather than stocks.

Benefits of a centralised exchange include the simplicity of use as well as extreme accessibility. In case if something goes wrong on the exchange, the fact that it is operated by an organisation means that it takes all the responsibility. Another benefit is the high level of trading volume which means that these type of exchanges are not considered as volatile.

Disadvantages include the fact that they are susceptible to hackers because when crypto is bought on a centralised exchange, the users don’t actually own the coins and therefore are not in possession of the funds private keys. As in February of this year, there have been more than 30 crypto exchange hacks that have resulted in a loss of almost a million of Bitcoins.

What is a decentralised exchange?

A decentralised exchange doesn’t rely on a third party to hold the cryptocurrencies which makes it much quicker to conduct a transaction than on a centralised one. Those that opt for a decentralised exchange, trade their assets in a P2P manner automatically.

This type of exchange has seen a big increase in popularity over the last six months due to the fact that they are less susceptible to hackers. Another bonus is that these exchanges do not require any personal information to conduct a trade meaning data-hungry hackers are less likely to strike.

But of course, there are some limitations. For example, they tend to be more difficult and complicated to use than centralised exchanges, particularly for beginners. Decentralised exchanges also have a limited level of functionality when compared to their centralised counterparts, as well as a lower trading volume.

E&S Group is a leading corporate & law firm offering various services with regards to ICOs. Feel free to contact us directly on +356 20103020 or by email at [email protected] to find out how E&S can help you in ‘making things happen’.

For more information click the link.

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A Half Year Report on virtual currencies in 2018

Categories Blockchain, Cryptocurrency, Regulatory, ICOs, Malta, ICO Legal Service, Law, The Blockchain Island, DLT Regulation, Smart Contracts, E&S Group, Technology, Trading, Cryptocurrency Exchange, Tokenomics, Regulation, Tokens, Binance, Utility Tokens, Security Tokens, DLT

A Half Year Report on virtual currencies in 2018

2018 has been an interesting year for crypto with colossal crashes, much-needed market adjustments, and of course, the emergence of a large number of new tokens and cryptocurrencies. Along with significant advances in regulation and legal frameworks that seek to understand, support, and protect those stakeholders operating within this new industry, there is no doubt that the rest of 2018 is going to be just as, if not more exciting as the previous six months.

Mid-January Market Crash

If you were holding Bitcoin in December 2017, you probably couldn’t believe your luck. As the value of a single Bitcoin headed towards $20k, a mad rush to invest ensued and predictions on where the price may head reached stratospheric new heights. Then on January 16th 2018, Bitcoin investors woke up to a nasty shock. The value of their coins had dropped by 15% and this news had a knock-on effect on the value of all other altcoins, causing a huge slump in the value of the market. The excitement and hype that had surrounded cryptocurrencies just a few days before, disappeared just like the profits of those who invested in it.

As prices continued to fall, investors started to panic. They started selling their coins in an effort to nip their losses in the bud and the moniker “Black Tuesday” was coined. Some crypto-coins saw losses of up to 40% and it seemed like many naysayers predictions were coming true and that the bubble had finally burst. Some voices remained steadfastly optimistic however and maintained that price slumps were common in all markets, not just the crypto one. After such an exponential increase in value, it was naturally expected that the market would correct itself because after every meteoric rise comes to a reverse-swing of the pendulum that needs to be ridden out – January was exactly that. As prices are now more stable it is hoped that they will increase at a steady rate, signalling a new era of market stability and maturity.

TRON Makes a Name for Itself

Since January of this year, TRON has experienced a steady increase in value. Despite a few issues, mainly caused by the crypto price-crash, it seemed to have found its niche which suggests a bright future for both the platform and its cryptocurrency.

TRON is a decentralised, blockchain-based, protocol project that functions as a content distribution platform for the digital entertainment industry. Whilst the platform itself is yet to go live the TRX coin is gaining significant traction.

Created by Justin Sun in 2017, the concept behind it is to establish a global network of free entertainment content which allows creators to publish, store and distribute their own content without the need for an intermediary. Whilst its value per coin was only $0.30 in January, it is expected to hit $1 by the end of 2018.

Its main selling point is that it is not just another cryptocurrency. It has a platform that solves a problem and offers functionality to a range of users and publishers. Over the last year, TRON has increased in value by 1.39% making it one of the top crypto coins in terms of growth, making it one to keep your eye on as we progress through 2018.

The Unexpected Rise of Litecoin

Many have dismissed Litecoin as “the poor man’s Bitcoin” but despite this, its popularity has increased drastically over the past few months. It was initially launched via an open-source client on GitHub in 2011, a sort of spin-off of the original Bitcoin Core client, but it offered much lower block generation times, a higher number of coins, a modified GUI, and a different hashing algorithm.

In 2013 it experienced a big surge in value and by May 2017 it had secured a spot as one of the Top 5 global cryptocurrencies in terms of its market cap. Now accepted by a wide range of online retailers, its adoption is increasing and many are seeing it as a better alternative to the rather bloated and over-inflated Bitcoin.

12 and even 6 months ago, blockchain was not something that was widely understood but as we progress to the end of 2018, it is expected that we will see a dramatic uptake of blockchain integration across a diverse range of sectors. Following in the footsteps of IBM, Microsoft, and Maersk, even smaller SMEs are likely to be interested in harnessing its potential.

Litecoin is predicted to peak at a value of over $600 per coin by the end of 2018 and there is no doubt that it has huge potential. Negating many of the issues that are faced by Bitcoin users, it presents a practical, simplified and completely viable alternative to the crypto-giant.

Malta Takes the Lead in Industry Regulation

In the last 12 months, it has seen cryptocurrency, blockchain and ICOs negate a minefield of regulatory and legal issues. Problems around its classification, AML and KYC regulations, and the reluctance of many banking institutions to support the burgeoning technology has resulted in many setbacks for the crypto world but that is all set to change.

The island of Malta has long been a hub for digital technologies and it is well known for its iGaming, Finserv and Fintech industries that when combined, account for around half of the country`s GDP. Then, in March 2018 the Government announced the drafting of three new bills that would seek to provide legal and regulatory clarification on DLT, crypto, and ICOs. These bills are the Virtual Financial Assets Bill which would provide a regulatory framework for ICOs and virtual currencies, the Malta Digital Innovation Authority Bill and the Technology Arrangements and Services Bill which will oversee companies that operate within the market, as well as providing a much-needed guidance and clarification.

This makes Malta the first jurisdiction in the EU, and the world to create a comprehensive legal framework that not only protects all stakeholders including operators and investors, but also supports the growth and development of the industry. By ensuring explicit legal clarification as well as adherence to AML and KYC regulations. This means that the industry will receive a much-needed confidence boost and will help to increase the  level of public trust in this new market sector.

Binance Relocates to Malta

As a result of Malta’s decision to support cryptocurrencies and related industries, an exciting announcement came just a few days later. Binance is the largest cryptocurrency exchange in the world and commands 10% of the global trading volume as well as having a market capitalistion of $1.3billion at the time of writing. Its founder Changpeng Zhao started Binance in July 2017 and in just a couple of short months, it has grown to be the market leader.

Following the introduction of restrictive laws in Japan and China regarding cryptocurrencies and exchanges, Binance was on the look out for a more welcoming and flexible home. On March 23rd, Binance announced their move to Malta and the crypto community rejoiced. Such a vote of confidence is a big deal for the small EU country and it is expected that such a move will encourage many other companies and startups to follow suit.

The Blockchain Boom

This time last year, most people had heard of the blockchain but only in the context of it being intrinsically linked to Bitcoin. Now, the technology has broken away from just monetary uses and has earned a lot of attention for its potential. In the last few months, more and more use cases have come to prominence at blockchain has found uses in industries such as logistics, healthcare, politics, real estate, and even crypto-powered beer vending machines. It has also been tipped to completely revolutionize the way we vote, as well as provide microloans to SMEs in developing countries and to solve the energy crisis in third world countries.

 

E&S Group is a leading corporate & law firm offering various services with regards to ICOs. Feel free to contact us directly on +356 20103020 or by email at [email protected] to find out how E&S can help you in ‘making things happen’.

For more information click the link.

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Understanding the potential of new technology for your business

Categories Blockchain, Cryptocurrency, Technology, Cryptocurrency Exchange, Tokens, DLT

Understanding the potential of new technology for your business

Blockchain technology offers a wide range of benefits to businesses and individuals that operate within the public and private sector. The fact that blockchain has the power to significantly simplify and streamline a number of processes, whilst ensuring transparency and authenticity at every step, is proving to be an irresistible allure for many.

Over the last few years, blockchain technology has shifted from being something that was only understood by programmers and developers, to something that is being adopted throughout offices and businesses around the world. What we are seeing now is a digital revolution akin to the birth of the internet in the early 90s. This new technology is set to completely overhaul the way the world works, in a number of different ways.

The blockchain is a system of distributed ledgers that aim to increase levels of transparency via decentralisation. But how can this exciting and disruptive technology be incorporated into the day-to-day running of a business?

The blockchain keeps a completely incorruptible list of data transactions and records in completely chronological order. Once inputted on the blockchain, the record cannot be deleted, edited, or amended in any way, meaning that they are protected from tampering or fraud. Each entry is linked to the previous and subsequent blocks via a cryptographically secure algorithm which means, once data has been entered and validated, it cannot be altered.

Prevention of data siloing

Whilst this is great for financial transactions in institutions, it also has a big benefit for smaller businesses. One issue that presents itself in businesses of any size is data siloing. This is where each party in a particular transaction hold their own version of the data, separated from others resulting in a situation where different data sets about the same topic can be stored within just one organisation.

Increased provenance

The fact that entries on the blockchain are not editable means that using the blockchain can provide previously unseen levels of provenance. This is also very useful in businesses that require surety around where a product or raw materials come from. It is also handy to ascertain which individuals have been involved in the lifecycle of a product, meaning there are greater levels of accountability.

Automated procedures

In addition to these features, the fact that many laborious tasks can now be automated through the use of smart contracts is a huge bonus for businesses of every type. Companies that rely on the execution of contracts, complex logistical processes, or even hiring procedures that require the sign off of multiple parties, can all benefit from implementing blockchain technology. This not only increases transparency but it significantly improves operational efficiency and lowering costs.

Over the next 12 months, we expect to see a big increase in the numbers of small businesses that adopt off the shelf blockchain-based solutions for their business needs.

 

Are you looking for ICO Legal Advice? Click this link to know more.

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ESTS tokens can now be bought and exchanged on the crypto exchange platform LATOKEN!

Categories E&S Group, Cryptocurrency Exchange, Tokens, ESTS Initiative, LATOKEN - Crypto Exchange, ESTS

ESTS tokens can now be bought and exchanged on the crypto exchange platform LATOKEN!

Since July 13th, ESTS Initiative listed its ESTS tokens on the crypto exchange company, LATOKEN. Now investors can easily purchase ESTS tokens through the LATOKEN platform.

 

Who is ESTS Initiative?

ESTS Initiative which stands for E&S Tokenised Services is an ICO which offers Legal, Corporate and Business advisory. This multi-disciplinary firm has over 10 years’ experience in the legal and financial industry. Over the past year, it started to pave its way into the DLT, blockchain and ICO sector. It has already advised over 80 ICOs helping them launch their projects successfully in accordance with Maltese law.

Why choose ESTS?

Since DLT platforms are gaining momentum with more esteemed companies shifting their operations on this decentralised technology, many investors and clients are aware of this technology. Being set on the island of Malta, ESTS follows the set regulations passed by the Maltese parliament. In fact, Malta is being widely dubbed as the ‘Blockchain Island’, many DLT businesses have shifted their operations on this jurisdiction. On July 4th 2018, the Maltese government maintained its progressive stance by successfully passing three regulations.

ESTS became a world’s first firm to tokenise its services to its clients’. Our esteemed clients will benefit from a plethora of services in Corporate, Legal, Accounting, Trusts and ICO Legal services. Through this platform, it will provide a perfect harmony to those who wish to pay in ESTS tokens.

 

What is in it for YOU?

Our services are designed to achieve a good ICO rating and a successful project. Our legal services cover various aspects in relation to an ICO following the Maltese law. Services offered by ESTS are the following:

  1. Review and analysing of white paper from a legal perspective;
  2. Analysing the token designed, checking if it is a utility token or a security token;
  3. Drafting of Private Token placement document/ agreement;
  4. Drafting of Token Offer document/ agreement;
  5. Drafting of T&Cs;
  6. Drafting of Risks of Token acquirer;
  7. Drafting of Private Policy;
  8. Disclaimer for the website;
  9. KYC guidelines.

ESTS also offers Tokenomics services, which is part of our financial advisory services. In order to achieve a perfect token design our team will assist to identify the following:

  1. Token Price;
  2. Token Quality;
  3. Token Distribution;
  4. Soft/Hard Cap.

Last but not least, in order for an ICO to operate in Malta, it has to open up a Maltese company. ESTS Initiative offer this service for ICO to obtain a limited liability company in Malta. During this process, our company provides a full KYC solution to contributors participating in the ICO.

 

Certificate of Excellence

As part of our services, ESTS Initiative offers an ICO Certification of Excellence to ICO promoters who will be launching their ICO projects. This process will be in accordance with due diligence on promoters, legal soundness, financial viability and a full technical audit to ICOs.

 

ESTS Seeding competition

career

A competition will be launched every 6 months to help start-ups to launch their project ICO. Through this competition, ESTS Initiative will be looking for interesting ICO projects that will help will be then voted for and the winning project will receive the lesser of 750,000 ESTS equivalent to USD 2.5 million. ICOs participating in this competition will have to adhere to the T&C that the competition entails.

 

 

 

 

 

Why buy and trade ESTS tokens?

 

Now that you found out what ESTS Initiative is about you can now trade your ESTS tokens on LATOKEN. You not only can buy tokens but can use them for your ICO project that you are about to launch! ESTS token is being traded against Ethereum and LATOKEN currencies.

You should consider to buy and trade ESTS tokens so that you can benefit from our services. Since we have tokenised our services, ESTS services accept ESTS tokens to buy our services offered within the firm.

 

 

 

LATOKEN crypto exchange and how to buy and trade ESTS Tokens

LATOKEN is a rapidly growing crypto exchange which focuses on liquidity for new tokens. This crypto exchange platform has already been listed as CoinMarketCap’s Top 50 by trading volume. Its successes are noted as trading more then 70+ crypto pairs, has more than 70,000 active traders, has a low trading and withdrawal fees and it weekly pairs new trading. LATOKEN enables its users to participate in selected token sales when they are at pre-sale and also crowdsale stages.

ESTS has opened its deposits on the LATOKEN, trading of ESTS tokens will open after.

Buy ESTS Tokens Now!

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Bitbay partners with Neufund to create the first crypto/fiat exchange in Malta

Categories Blockchain, Cryptocurrency, ICOs, Technology, Trading, Cryptocurrency Exchange, Bitcoin, Tokenomics, Tokens, Wallet, Utility Tokens, DLT

Bitbay partners with Neufund to create the first crypto/fiat exchange in Malta

Malta continues to cement its place as a global hub for cryptocurrency and blockchain related technologies.

Berlin-based Neufund and the Polish cryptocurrency exchange Bitbay have teamed up together to create what will be the world’s first cryptocurrency to fiat exchange. The exchange will be based in Malta and will become a member of Neufund continually growing ecosystem of market partners and they also plan to trade equity tokens via Equity Token Offerings. As a result of the partnership with Bitbay, users of the platform will be able to buy, sell, and trade equity tokens with fiat currencies.

$10 trillion by 2020

It is estimated that the security token market will be worth a staggering $10 trillion by 2020 as well as bringing more liquidity to the traditional investments market, including equity instruments.

This most recent development comes soon after the announcement that Neufund has formalised a collaboration with the Malta Stock Exchange and the world’s largest cryptocurrency exchange, Binance. Bitbay is set to be the first trading partner that gives its users the ability to liquidate their equity tokens against fiat currency.

CEO of Neufund, Zoe Adamovicz commented in a statement on the revolutionary aspect of the collaboration:

“This will be the first crypto secondary market trading tokenized securities against fiat currencies. We are very keen to start the partnership with Bitbay since it will offer clients a really easy way to purchase and sell cryptocurrencies using fiat currency. It appears that Bitbay are all set to accept a wide range of payments and withdrawal options including bank transfers, PayPal and other similar methods so the transactions should be quite smooth. Hopefully, this will start bringing cryptocurrencies to the masses and will really kick off the global revolution with Malta on the frontline of it”.

One of Europe’s leading exchanges

Bitbay is one of Europe’s leading cryptocurrency exchanges and allows tradable fiat pairs such as the Euro, Zloty, and the US Dollar.

“Our partnership with Neufund aims to bring security tokens to BitBay’s everyday operations in a fully compliant and regulated way. We are proud to be on the frontline of implementing equity tokens into 24/7 crypto trading systems,” said CEO of Pinewood (the operator of BitBay) Pawel Sobkow.

Earlier this year, Bitbay announced its relocation to Malta following the passing of three bills that seek to regulate blockchain, crypto, and related industries. Whilst the bills are still at the consultation stage, they are expected to enter into force by October 1st 2018.

E&S Group is a leading law firm offering various services with regards to ICOs. Feel free to contact us directly on +356 20103020 or by email at [email protected] to find out how E&S can help you in ‘making things happen’.

For more information click the link.

 

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