The Ethereum Blockchain rules. And it keeps on expanding in a way nobody could ever imagine.
Last month a new Ethereum based token was launched, in an area that has not been impacted by Blockchain … yet. We are talking esports and betting.
With the launch of UnikoinGold there is a promising digital token that could change the esports and betting world drastically. The company that brings out the token is Unikrn, a leading international esports entertainment and betting platform.
UnikoinGold: What is it?
According to Unikrn, the company that launched UnikoinGold, the digital token:
UnkoinGold is designed as a decentralized ERC20 token on the Ethereum blockchain. UnikoinGold will serve as a utility token creating a decentralized, community-driven virtual economy. Transactions will be executed by a system of Ethereum smart contracts that are publicly accessible and that will be open and transparent to the network.
The infographic which was shared on social media explains the dynamics:
UnikoinGold’s use will have certain limitations depending on whether users are located in jurisdictions in which Unikrn is licensed to offer a full suite of betting services (full service jurisdictions) or in jurisdictions where Unikrn will offer a more limited set of betting services (limited lurisdictions).
How Blockchain disrupts the esports and betting world
Currently betting laws are a strong limitation. The proposed ERC20 token, UnikoinGold, will give alternative methods of possibly turning over their winnings on the Unikrn platform. An ERC20 token on the Ethereum blockchain offers additional functionality that is seldom found on a centralized token ecosystem.
What are the benefits of using Blockchain technology?
- Blockchain allows for more diverse usage for end users. There will be 2 completely new platforms on top of the existing Unikrn IO betting platform. Unikrn anticipates to expand beyond Australia and the UK for UnikoinGold betting, and wants to offer more betting operators to license the entire platform. This will ultimately allow customers in more regions around the world to live bet on tournaments, and also bet on themselves in skill-based challenges.
- The creation of UnikoinGold coincides with a skill-based betting product that will be legal in most of the US and other markets in the world. Next to fiat betting, the new UnikoinGold platform will be another option for those users.
- The company aims to make UnikoinGold a standard token for the esports and gaming ecosystem, an ecosystem backed by Unikrn – a company that holds integrity and complying with legislation in high regard.
UnikoinGold crowdsale until October 22nd 2017
Now here it becomes impressive. The ICO (crowdsale) of UnikoinGold raised 100k Ether in just 3 weeks. That is an amazing success. It equals $34M. Although the aim is to raise $100M we believe the current amount is already a big success.
Watch this chart which tracks the crowdsale and highlights the Ethereum as well as the dollar value of the ICO so far:
Much of that has to do with super star investors backing the company, and actively participating in the company. This is what CNBC had to say in a recent article:
Blockchain Capital and Pantera Capital, top firms investing in the cryptocurrency ecosystem, and Draper’s Dragon Fund, a joint venture between Draper Fisher Jurvetson and DragonVenture, participated in the ICO. Unikrn investor Mark Cuban and Ethereum co-founder Anthony Diiorio, who just joined Unikrn’s advisory board, also participated.
This is certainly an indicator that UnikoinGold has potential.
Want to find out more about the ICO? Instructions on the UnikoinGold ICO are here >>