Unikoin is a token created by the Seattle based eSports and gaming company Unikrn. This company was founded in 2014 and is a licensed eSports bookmaker. It has a registered wagering platform and created the Unikoin to give users the chance to bet on eSports. It allowed users to place bets and win rewards when the company did not have the license to carry out real-money wagering.
Unikrn offers spectator-based and skill-based wagering services. The users can also get jackpot tickets for winning prizes like gaming hardware or accessories. The company will create exclusive raffle rooms wherein the users only who buy golden entry tickets through UKG will get access.
The Users will be able to earn the UKG tokens when they play or win the video games on servers. The user wallet will also allow the premium member to make transactions quickly without having to pay additional fees. The users can also use the UKG to tip the eSports professionals.
15% of the total token will be used as betting reserve and this will work like a tool for price stabilization. When the UKG prices go up quickly, the Unikrn may release additional tokens to balance it out and this would stabilize token prices. It is possible to buy Unikoin Gold from partner exchanges like Radar Relay and KuCoin. These will guarantee quick transactions at the current market price and have good transaction security and low fees. UKG can be bought using other currencies like the Bitcoin or the Ethereum. To be able to use the UKG better, you need to hold the coins in a Unikrn wallet. The best part about this platform is that the betting platform is completely integrated with gaming experiences. So, one does not need to travel to another site to place bets. The gaming and betting happen together on the same platform. This explains why Unikrn tends to cater to casual gamers more. The users can win UKG tokens and even other items like gaming gear or skins.
The Unikrn had been sounded in November 2014 and in the following year; the company was able to raise nearly 10 million dollars from investors. With introduction of UKG tokens, the company will start expanding beyond UK and Australia to the US and various other world markets where skill-based bets are legalized. The company enjoys a very large presence in eSports community; it is involved in many eSports activities such as creating community content, organizing tournaments and owning stakes in the best teams. The CEO of the company mentioned in an interview that the company has more than 4 million users. 90000 of its users have also placed bets on this platform.
The eSports industry has been growing fast and eSports wagering is all set to follow this trend. So, this company will gain from this development. The company does not have too many direct competitors in the blockchain and even though there is Gimli, Unikrn is already at a far advanced stage. If the company becomes successful, there is a high possibility that it will emerge as the go-to destination for betting.
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