Unikrn operates a leading international esports entertainment and betting Platform. Currently, users of the Platform use the existing Unikoin token to participate on the Platform, and to buy products such as jackpot tickets. But now, with the emergence of blockchain technology, Unikrn can make it easier and more efficient for its users to obtain esports products and services on the Platform by introducing a blockchain-based token: UnikoinGold.
UnikoinGold is designed as a decentralized ERC20 token on the Ethereum blockchain. Its use within the Platform 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 Jurisdictions).
In Full Service Jurisdictions, they intend for UnikoinGold to be used for the exchange and interchange of a virtual point-based reward system for the purpose of legal and licensed betting on esports matches, tournaments and other engagement around gaming, including jackpots. As designed, UnikoinGold would also be used as a rewards and incentive token for esports participants, players and teams through tipping. It would also be an entry to a new version of the existing Unikrn spectator betting platform, and it is intended to become the token used on a new skill-based betting platform. Our goal is for UnikoinGold to power the most immersive live-betting platform for esports.
In Limited Jurisdictions, UnikoinGold can still be used to purchase jackpot tickets involving esports and for accessing exclusive rooms. It won’t, however, be usable for gaming-related uses that require licenses.
In parallel to UnikoinGold they will launch UnikoinSilver to take the place of the former “Unikoin” within our ecosystem. UnkoinSilver, like the former Unikoin, can’t be withdrawn from the Platform. Users will be able to earn, bet and compete using UnikoinSilver in any jurisdiction where they offer the Platform.
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.