The first edition of the Malta AI & Blockchain Summit in November 2018 turned out to be a monumental success – no less than 8500 people attended the event. This year, the same team is throwing a massive show in May. To support the virulent startup scene, the organisers are now handing out 100 free booths.
The Malta AI & Blockchain Summit (AIBC) has announced a stellar show for 2019. The highly anticipated show is expected to follow the monumental success of the November summit in 2018, which brought W. Scott Stornetta, John McAfee, the Winklevoss Twins and Sophia the Robot to Malta’s shores and took the scene by storm even in times of a burdensome bear market.
In support of the startup scene within AI, the AIBC is now releasing no less than 100 free booths to the most disruptive startups for its May edition of the summit. Startups applying in the fierce competition for participation can benefit from a free one-by-one metre booth, free passes to the summit and networking events, print and online media opportunities, and free consultancy and potential leads from industry veterans. Last but not least, ten out of the 100 successful applicants will also be selected for a free Startup Pitch on stage in front of the investors.
The Startup Village in collaboration with Malta Enterprise during the Malta AI & Blockchain Summit in November 2018 welcomed the 40 most disruptive startups within AI, Blockchain and IoT to exhibit for free.
The unexpected success of last year’s show has turned the organisers’ eyes towards expansion. For the show in May 2019, they have chosen the Hilton as the conference venue. This also enables the Malta AI & Blockchain Summit to host a first class expo floor suitable for a truly global crowd of exhibitors. The Startup Village of the November summit in 2018 saw no less than 40 startups from all across the globe gathering in Malta. Due to the overwhelming amount of applicants last year, the AIBC is eager to up the game for May 2019 by increasing the free slots to 100 startups.
Valerio Gallitto from Greenspider, one of the participating startups in the Startup Village in November 2018, won the award IoT of the Year.
“We had an overwhelming feedback from all the disruptive startups that we welcomed to claim their free booth last year. However, as we had so many interesting and promising projects that we could not accommodate in the fierce competition of the available space that we had, we are happy to increase to one hundred free booths this year to boost innovation and facilitate connections between startups and investors so that this sector can flourish. We believe strongly that business is not done between companies, it is done between people,” says Eman Pulis, Founder of the Malta AI & Blockchain Summit.
The speaker line up for May is far from filled but already feature top names within the industry such as Roger Ver, Tim Draper, Ben Goertzel of SingularityNET along with Sophia the Robot. The Maltese Prime Minister Joseph Muscat and Junior Minister for Financial Services, Digital Economy and Innovation, Silvio Schembri, will also speak at the event. With the quality recorded in 2018, attendees can put their expectations high for the second edition of the Malta AI & Blockchain Summit.
This spring edition of the summit includes a lavish VIP dinner, networking drinks in the midst of the warm Mediterranean spring, a Startup Pitch, an STO Battle and two conferences spanning over the 23rd-24th of May but delegates are advised to block their calendars for 22nd-25th due to all extra events that the AIBC has in the pipeline. The Malta AI & Blockchain Summit is a landmark event that nobody in the field can afford to miss.
Startups apply here: https://bit.ly/2tnAxFU
PCF Capital to Host $250 milllion DSO through KoreConX
$250 million DSO
One of the largest digital security offerings, to date, has recently been announced. In an upcoming DSO, Australian based, PCF Capital, will be hosting a whopping $250 milllion event, aimed towards the mining and resource sector.
This DSO will be made possible through the use of KoreConX and their digital securities issuance platform. By choosing to use KoreConX, PCF Capital will be gaining access to the KorePartners. This is a network of strategic partnerships which KoreConX has been developing for some time.
This offering will be open to accredited investors in select countires, including the United States, Canada, Australia, and more.
In making their announcement, representatives from each, PCF Capital and KoreConX, took the time to comment on the development discussed here today. The following is what each had to say on the matter.
Liam Twigger, Managing Director at PCF Capital, stated,
“We are a global company that requires a global solution. We selected KoreConX because it will allow us to remain compliant with regulations not only in the USA and Australia but in multiple other jurisdictions around the world…This is a very important step in the history of PCF and we want to make sure our investors are protected and have a platform to be able to manage the entire lifecycle of the digital securities. That’s why we are using the best possible tools for the job.”
Oscar Jofre, CEO at KoreConX, stated,
“We are disruptors and what better way to do that than work with one of the world’s oldest sectors adopting Digital Securities for their offering. PCF Capital’s global reputation in the mining sector made the decision easy for us to bring them on as clients to our platform…Now is the time for the traditional investor to understand the value and trust of digital securities. Having a global offering of this magnitude heavily investing in a Digital Securities Offering is great for the industry as a whole. Many more will follow once the infrastructure is in place for it, and this is what we are doing with the KoreProtocol.”
PCF Capital is an investment banking group, which is headquartered in Australia. Since being founded in 1999, PCF Capital has gone on to manage over $3.5 billion in deals.
Operations are overseen by Managing Director, Liam Twigger.
KoreConX was founded in 2016, and is headquartered out of New York. Above all, KoreConX has been striving to become the most comprehensive platform for private capital markets. This means developing in-house solutions, and partnerships which facilitate needs within the digital securities sector. To date, KoreConX has begun seeing adoption of their platform, as multiple DSOs are scheduled.
Company operations are overseen by CEO, Oscar Jofre.
In Other News
I recent months, KoreConX has found themselves in our headlines on various occasions. Check out the following articles to learn a bit more about what this promising company has been up to.
Blockport STO Fails to Gain Traction – Platform to Shutdown
Failure to Launch
On a disappointing note, Blockport has announced the cancellation of their ongoing security token offering. After launching the event, roughly 1 month ago, the team has indicated that they have failed to attract their minimum threshold of investments.
This comes as a letdown to the industry, as Blockport represented one of the first security token offerings to be offered through the Tokeny platform. To date, only a handful of STOs have taken place through ANY issuance platform.
While Blockport will be returning investments to the few participants in their STO, they have indicated that this is not the end for them. Their intent is to scale back operations in the short term, reflect, and establish a path for future growth.
This means that the platform will be shutting down in the coming weeks, revering to a ‘development mode’.
Blockport CEO, Sebastiaan Lichter, elaborated on the cancellation in a statement to the public. The following is what he had to say on the matter.
“In the past few months our team has worked extremely hard to launch the first round of our STO, and yesterday this ended after being open for almost one month…In short, the results of the fundraise are not sufficient to proceed with the issuance of BPS tokens.”
Despite this, Sebastiaan Lichter remained confident in the future of blockchain. He continued,
“We still see a lot of opportunities in this industry and have built a top performing trading platform that many people love to use and which has had almost zero downtime or issues since we launched it in the summer of 2018…Whilst developing our platform, our goal is to explore opportunities that support a restart of the Blockport platform in the future.”
Operating out of Amsterdam, Blockport is a Dutch company, which was launched in 2017. Under the watch of CEO, Sebastiaan Lichter, Blockport has developed and launched a trading platform, tailored toward, both, utility and security tokens.
The security token offering, discussed here today, was launched through the Tokeny issuance platform, on March 31st, 2019.
Tokeny is a Luxembourg based company, which was launched in 2017. Above all, Tokeny acts as an issuance platform, providing companies with solutions for the tokenization of assets. Tokeny was responsible for facilitating the Blockport STO – For their part, the event went off without a hitch.
In Other News
While the failed STO is an unfortunate situation, BlockPort is by no means alone. For a variety of reasons, there have been various deals to have fallen through in the past few months. The following articles detail a couple of these situations.
BitBond Opens Bounty Program for Live Security Token Offering
BitBond, a blockchain company hosting a FINRA approved STO, has recently announced the launch of a bounty program. This program was launched in an attempt to raise market awareness of their ongoing security token offering.
This STO, scheduled to be live until early June, has seen modest success thus far, with investors contributing over €2 million to date. This puts them well on their way to raising the minimum €3 million in the event.
In an attempt to ensure the minimum €3 million threshold is met in their STO, the bounty program consists of 6 main ways in which participants can be rewarded.
- Hunter Bounty
- Referrals leading to bounty program participation
- Affiliate Bounty
- 5% commission on referrals leading to investments over €10,000
- Signature Bounty
- Token compensation for active BitcoinTalk users which advertise the STO in their signature.
- Creative Bounty
- Rewards for creative advertising in the form of memes, gifs, images, etc.
- Social Media Bounty
- Compensation for STO promotion through qualified Twitter, Facebook, LinkedIn, and Telegram accounts
- Content Bounty
- Rewards for creation of articles, and videos, which raise awareness about the BitBond STO.
A bounty program is a promotional event, aimed towards raising awareness of a fundraiser. Participants in such programs are typically compensated for promoting a company with tokens. Promotional tasks are often varied, such as writing articles, attaining referrals, reporting bugs, and so on.
While bounty programs were commonplace throughout the ICO boom, the concept is new when being applied to security token offerings. Time will tell if this promotional tool is an effective one when dealing with this new form of fund raising.
BitBond CEO, Radoslav Albrecht, commented to CrytoGlobe on the choice to host a bounty program. He stated the following.
“Since our launch in 2013 Bitbond has always worked closely with the crypto and blockchain community. This bounty program gives us the opportunity to engage further with our community, reward Bitbond early adopters and spread the news about our new groundbreaking project, the Bitbond STO.”
BitBond is a Germany based company, which was launched in 2013. Above all, BitBond utilized blockchain to facilitate financial services. This primarily includes the issuance of business loans.
Company operations are overseen by Founder and CEO, Radoslav Albrecht.
We recently detailed BitBond and their FINRA approval – a feat not achieved by scores of applicants prior to BitBond. Check out the details to this success HERE.
In Other News
Beyond BitBond utilizing the Stellar blockchain for issuing security tokens, Stellar has experienced growing levels of adoption in recent months. The following articles demonstrate various ways in which this adoption has occurred.
- PCF Capital to Host $250 milllion DSO through KoreConX May 19, 2019
- Blockport STO Fails to Gain Traction – Platform to Shutdown May 18, 2019
- BitBond Opens Bounty Program for Live Security Token Offering May 18, 2019
- Poloniex Cleans House as Tokens Delisted for Fear of Being Called Securities May 18, 2019
- Blockstream to Add Support for Digital Securities on Liquid Security Platform May 17, 2019