UnikoinGold is an ERC20 token designed for the purpose of legal and licensed betting on esports matches and tournaments, as well as rewards and incentives for esports participants, players and teams. The coin will provide entry to a new version of the existing Unikrn spectator betting system.
Unikrn already runs a fully regulated and licensed esports betting platform that allows users to bet legally anywhere in the world using Unikoins, the platorm’s virtual tokens. The company also holds licenses to conduct real-money wagering in Australia and the Isle of Man, with several other pending jurisdictions. Through its partnership with Tabcorp, Unikrn employs industry-leading practices and technology to handle account verification, KYC, anti-money laundering, problem gambling, etc. Unikrn is also on the founding board of the Esports Integrity Coalition (ESIC), which addresses threats to the integrity of match results, such as from hacking, scripting, match-xing, DDOS, or hardware manipulation.
Unikrn’s current economic model allows users to earn Unikoins through a variety of tasks as well as by wagering on competitions. These Unikoins can, in turn, be exchanged for a raffle ticket on on Unikrn’s internal market that pays out a reward to the winner of each raffle. Since betting laws limit Unikoin functionality to within the Unikrn market, these raffles provide a means of liquidation. UnikoinGold will provide additional liquidity via trade on the cryptocurrency market, and thus give users greater power over their earnings. In parallel to UnikoinGold, Unikrn will also launch UnikoinSilver, which is intended to replace the existing Unikoin – users will be able to earn and bet using UnikoinSilver anywhere in the world, as well as acquire raffle tickets to win prizes such as game skins, pots of UnikoinGold, gaming hardware and accessories, and more.
Founded by Rahul Sood (creator of Microsoft Ventures, founder of VoodooPC which was acquired by Hewlett-Packard) and Karl Flores (previously co-founder and CEO of Pinion, an Australian advertising company focused on online video game channels), Unikrn provides eSports fans with a safe and legal place to gather, game, and bet on eSports, covering games such as League of Legends, Counter-Strike: Global Offensive, Dota 2 and more. Unikrn also publishes in-depth analyses, player profiles, team statistics, and other content. The company previously raised $10 million from investors including Ashton Kutcher, Mark Cuban, Shari Redstone, Elisabeth Murdoch, and others. Other team members include CTO Daniel Rudolph (who previously co-founded PlayAll, a video game skill-betting platform), VP Business Development Kingsley Edwards (founder of Leet, which was acquired by Unikrn), Lead Crypto Engineer Andrew Donley (previously CTO of Leet and founder of BitMesh, a decentralized bandwidth-for-bitcoin network), Outside General Counsel Bryce Blum, and Board of Advisors member Chris Grove. Unikrn also has a Legal & Compliance team covering corporate, digital currency, and gambling, as well as an Advisory team comprised of Erick Miller and Shane Fontaine.
|Token Sale Dates||Presale Registration: 15-July to 15-August|
Presale: 8-September to 18-September
Official crowdsale dates: TBA
|Total Supply||1 Billion, of which 20% are for Token Sale. |
The rest are allocated to a Team Pool (10%), a Unikrn Betting Reserve (15%), Marketing & Partnerships (15%), Development & Contractors (20%), and Company Cold Storage (20%).
|Holding of Funds||N/A|
|Technical White Paper||https://unikoingold.com/whitepaper explains the business model, isn’t technical.|
|Team||Professional, accomplished, encompassing all aspects of the enterprise. And fully transparent.|
|Location||Seattle, WA, USA.|
|Token Rights||Betting on esports matches and tournaments; rewards and incentives.|
*Disclosure – At the time of writing, cryptorated staff owned no UnikoinGold tokens.