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 ‘We make things happen!’

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