The newest developments at GamerHash and their GamerCoin (GHX) are cementing their market position as a go-to platform for the gamers wanting to utilize their unused computer power for mining. Recently the platform had two huge reasons to celebrate.

The first one is reaching Hard Cap in the Private Sale for their ERC-20 based token GamerCoin (GHX) with 2.8 million dollars. At the same time, the company achieved another spectacular success – the project WhitePaper was approved by the Malta Financial Services Authority. It might happen that GHX will be the first token in the EU to be listed under the new legal framework!

The popularity of the GamerHash platform among gamers (over 500 000 users) and removing all the technological barriers for mining as well as carefully presented future milestones made investors quickly join the private sale.

The gathered Hard Cap 2.8M dollars means that the private sale is already closed and soon we can expect the $GHX token to be listed at one of the top-tier exchanges. Yet in the measure for the successful crypto project has to be also seen through the prism of transparency and legal compliance.

In this sense, the project’s development is groundbreaking, as GamerHash is paving the way for the other European crypto companies.

Malta is widely referred to as a Blockchain Island and a pro-crypto country. To be licensed by the Maltese Financial Authority a crypto company has to go through a long and demanding process. The authorities are enforcing undoubtedly the highest standards of the supervision integrity of the projects, therefore ensuring the trust given to the project by the investors. Unfortunately, many projects have failed to deliver those promises.

The road to proving the transparency and trust taken by GamerHash (and 3 legal teams) to register the WhitePaper involved many matters such as operational, functional, legal, compliance, and AML basis. On the technical side, there was a technical audit of the Smart Contract carried out – it’s length of 216 pages itself pictures how detailed the process was.

The undoubtful success of obtaining the WhitePaper registration from MFSA is the last step before GHX Token Generation Event and listing on a reputable exchange. Since only a handful of companies obtained the Maltese license it means that GamerCoin will be the first project in the European Union to launch a token while being fully compliant with the Maltese legal system.

The post GamerHash Reaches Hard Cap and Gets Licensed in Malta as the First Company in European Union appeared first on BeInCrypto.

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