Esports only bookmaker Unikrn to launch its own cryptocurrency

Esports only bookmaker Unikrn to launch its own cryptocurrency

Wednesday, June 21, 2017 Posted by Sam Cooke

Unikrn, the Seattle based esports only bookmaker, announced this week that it is launching UnikoinGold, its own cryptocurrency on the Ethereum blockchain.

Unikrn already offers Unikoins for use exclusively on its betting platform but this will be a major extension of this and a cryptocurrency in its own right, making for a fascinating move by the company. Players will be able to use UnikoinGolds on Unikrn but also elsewhere and buy, trade, and sell them freely.

The current Unikrn platform, which offers real money betting in some regions as well as Unikoin betting for all, includes odds on a number of titles including League, CS:GO, Dota 2, Overwatch and plenty more including up and coming titles such as Rocket League.

The company’s CEO Rahul Sood also revealed that there are plans for a wholly new ‘skill based esports betting platform’. Sood wasn’t able to reveal much but he told Totally Gaming: “We have been building the intelligence for this for almost two years.  I can't share much more until we launch. There will be updates on our whitepaper in the coming months.”

Unikrn will also be revealing a white-paper in the coming months which will give far fuller details of UnikoinGold and the model it has planned. The sale opens in 86 days if you happen to be interested in investing, you can check the site here.

There have been over a billion Unikoins activated on Unikrn since 2015, and this is just one new new avenue the Seattle based bookmaker is exploring. In recent months it has also moved to acquire, this is a company which organises tournaments primarily at casino venues in Las Vegas. It has hosted competitions in the likes of the Downtown Grand, Silver Sevens and more.

Totally Gaming says: The use of cryptocurrencies in betting is potentially explosive, and a fully regulated bookmaker getting in on the game by creating its own on the Ethereum blockchain certainly warrants some extensive investigation. We look forward to seeing the white-paper upon its release.

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