Category: NEO

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NEO Connect, Canada’s first Bitcoin fund is launched to accredited investors

Categories Blockchain, Cryptocurrency, ICOs, Technology, Bitcoin, NEO

NEO Connect, Canada’s first Bitcoin fund is launched to accredited investors

Whilst the idea of a Bitcoin ETF may be a way away for US investors, across the border in Canada, it is already becoming a reality.

First Block Capital, the countries first fully-regulated cryptocurrency investment firm has broken new ground as it becomes the only open-ended Bitcoin fund that has been approved by Canadian regulators. The FBC Bitcoin Trust has become the first fund that will allow accredited investors to hold Bitcoin investment in registered accounts such as retirement savings plans and tax-free savings accounts.

This fund will allow HNWIs to invest in a seamless manner in Bitcoin through their investment advisors. These investments will be traded on the asset management platform NEO Connect and it is expected that traders will be allowed to execute moves with the same ease as with an ETF.

Founder and CEO of First Block Capital said:

“The longer redemption time frame was a feature that we felt really hurt the fund and the reason why we didn’t reach hundreds of millions [in assets] coming out of the gate. … Investors wanted more liquidity in this sector and we are pleased to now be able to offer advisers daily trading capabilities for those discretionary accounts.”

NEO Connect services more than $600 million in assets and as a platform, they have pushed many regulatory boundaries to create an “ever-expanding spectrum of new and innovative asset classes” with the aim of drawing a healthy client base over 46 funds.

First Block’s new fund will initially manage $20 million giving it a big start in the industry. CEO Sean Clark believes that in the face of sub-$200 billion market capitalisation, the current situation is a much-needed correction.

“The price spike in December was from a lot of speculation and the market getting ahead of itself. Now that it has settled down, now is the time to enter the market.”

Clark believes that the decision of Goldman Sachs’ to postpone their Bitcoin trading desk was down to nothing more than a change of focus.

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ESTS Initiative announces the winner of September’s NEO Seed Competition

Categories Blockchain, ICOs, Malta, ICO Legal Service, E&S Group, Technology, ESTS Initiative, ESTS, DLT, NEO, Competition

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!’

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NEO Decentralisation Process to be completed by the end of 2018

Categories Blockchain, Cryptocurrency, Investment, NEO

NEO Decentralisation Process to be completed by the end of 2018

In summer NEO announced the election of a new consensus node as well as proudly re-joining the top-10 cryptocurrencies as per market cap in the world. Up until this point, all nodes were operated by the NEO project’s team.

July 2018 was a good day for NEO as more than $400 million was purchased in just 24 hours, catapulting the currency to 10th position, up 17.6% at the time of writing.

In order to run the new consensus model, the NEO team have elected the City of Zion which is an independent, global group of NEO developers who have been running a candidate node on the testnet since January of this year.

NEO even now benefits from a webpage that tracks the blockchain’s operational status such as the number of consensus blocks and candidate nodes, the block height, and the block times.

This recent announcement comes at a time when NEO had faced criticism for the monopolistic management of its nodes. News that it is now controlled by community consensus means that it could enjoy a surge in popularity. One Twitter user tweeted:

“My only problem with NEO initially was that I thought it was so centralised. Has that changed?”

NEO Founder and CEO Da Hongfei stated:

“We have to be very careful with decentralization of the consensus nodes because the protocol of NEO is evolving very fast. We need those consensus nodes to act very quickly to upgrade, and if there is a bug or a security issue, we need them to respond very quickly. So we’re doing the decentralisation process slowly, gradually and very carefully.”

According to the Timeline of NEO Decentralisation Process, the change over of the remaining nodes to the mainnet system will be completed by the end of 2018.

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

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In-depth look at the Chinese answer to Ethereum

Categories Blockchain, Cryptocurrency, Smart Contracts, Technology, DLT, NEO

In-Depth Look at the Chinese Answer to Ethereum

Formerly known as ‘Antshares’ Neo has a range of features that make it vastly superior to Ethereum.

Similar in some ways to the second-generation blockchain platform, NEO supports smart contracts which enable complex logic to be built into blockchain-based transactions. This means that tasks such as payments can be executed depending on pre-determined conditions and events being satisfied.

When the project first launched back in August 2016, its focus was mainly on digital assets, its marketing was lackluster, and its value languished for the best part of nine months. But then, something changed.

In the spring of 2017, things changed within the NEO project. An announcement was made regarding a major cooperation with the Chinese government and re branding of NEO. This led to a surge in value, as well as it was getting coverage in the English-speaking media.

From then on, it was dubbed as the “Chinese Ethereum” and the combination of that huge market, and an established name such as Ethereum catapulted its popularity to stratospheric new heights.

Flexible development

One difference between NEO and Ethereum is that NEO supports a range of different programming languages including Java, C£, VN.Net, Kotlin, and Python, with plans to include C, C++, Golang, and Javascript in the pipeline.

It also provides plug-ins and compilers for these languages which means that they can compile high-level languages into instruction sets that are supported by the NEO virtual machines. This means that the platform is much more accessible to many more developers because it means that they can use programming languages that they are already familiar with.

No forks

Blockchain platforms rely on consensus to ensure that all transactions are valid. Projects such as Bitcoin and Ethereum use what is known as a ‘Proof of Work” method which requires the use of a lot of computational power to solve complicated cryptographic problems.

Another popular method is the ‘Proof of Stake’ which uses blockchain nodes to stake or allocate funds in order to receive verification rewards. The benefit of PoS compared to PoW is that it uses significantly less energy and is more environmentally friendly.

NEO, however, uses a completely different consensus method called Delegated Byzantine Fault Tolerance (dBFT) which does not allow any splits or forks within the chain. This is a huge benefit as forks cause a lot of controversy within crypto communities and avoiding this drama means better stability for NEO platforms.

Better speed

Ethereum and Bitcoin both suffer from costly and inefficient transaction times. Ethereum can handle around 15 transactions a second, but NEO can support 10,000. NEO is designed to handle mainstream apps such as Cryptokitties and it is also much better equipped to handle the future, as adoption increases.

Quantum Computer Proof

Each day we are getting closer to a time when quantum computers will be a thing. When they are, almost every cryptocurrency in the world will be vulnerable as these computers will have the ability to break them cryptographically. NEO is already immune to them as it uses quantum-resistant cryptography.


An NEO coin represents a stake of ownership of the NEO platform. With a total of 100 million NEO coins in existence, each one represents a share in its blockchain as well as voting rights for important decisions. As shareholders, they also get recurring dividends in GAS coins which are also used to pay for NEO transactions.

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


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What is NEO and why is it gaining traction?

Categories Blockchain, Malta, The Blockchain Island, E&S Group, Technology, Tokenomics, Advisory, ESTS Initiative, ESTS, NEO, Competition

What is NEO and why is it gaining traction?

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.

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NEO seeding Competition

Categories Blockchain, Cryptocurrency, ICOs, Malta, E&S Group, Technology, Advisory, Tokens, ESTS Initiative, ESTS, NEO, Competition

NEO seeding Competition

Are you an operating ICO using the NEO platform? Do you want to operate your ICO project in a friendly jurisdiction which supports blockchain based businesses?

In this month of September, ESTS has launched a competition on NEO where you can be the winner of a fantastic prize; professional legal and advisory services offered by E&S Group.

Please follow these steps to participate:

  1. Submit a post on any of our social media platforms – FacebookLinkedInTwitter asking to be added to the NEO SEED COMPETITION
  1. Send an email to [email protected] describing your project and why the community should select your project (max. 350 words). Include links to your website and other important links.
  2. 1st day of Public Pre-Token Sale must accept only  ESTS Tokens.


The lucky winner will receive the following services for FREE:

  1. Get legal services on your virtual project.
  2. Tokenomics services.
  3. ESTS Certificate of Excellence
  4. Exposure to ESTS community on all of our social media.

Access to our network of private token buyers (high net worth individuals).

Want to learn more about the benefits of NEO, click here to find out more.

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