Cryptocurrency Comes To Esports

The chief executive of esports-only betting operator Unikrn, which has launched an Initial Coin Offering (ICO) for its own cryptocurrency, has warned that “shady” skin betting operators are likely to try and take advantage of the thriving market for coin offerings.

Here comes Unikoin Gold
Rahul Sood, the founder and chief executive of Unikrn, said he believed there was a natural fit between esports betting and cryptocurrencies after his company announced an offering for UnikoinGold, an Ethereum blockchain-based token.

Unikrn hopes to build on the success of its existing Unikoin token, which gives users the ability to bet on esports in regulated markets and win prizes in markets where Unikrn is not licensed to operate. The company has turned over a quarter of a billion tokens since launch two years’ ago.
“I think esports is at the cutting edge of sports and video games and crypto is at the cutting edge of commerce,” said Sood. “Since we already have the Unikoin, it only makes sense for us to turn it into a crypto.”

According to the white paper issued to promote the offering, the new UnikoinGold will give additional functionality to its previously centralized token system. Users will be able the trade the Ethereum blockchain-based ERC20 token on the open market. The market will decide the value of each coin.

Unikrn promises further benefits to UnikoinGold holders including exclusive immersive skill and spectator eSports products.

The old Unikoin will then become UnikoinSilver and users will still be able to earn, bet and compete anywhere in the world. Along with UnikoinGold holders, the Silver users will be able to acquire raffle tickets to win prizes. Those prizes include in-game item skins and gaming hardware.

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