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Mark Cuban Backed Esports Bookie Unikrn Launches Crytocurrency UnikoinGold

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Published on:
Jun/30/2017

Billionaire entrepreneur and Shark Tank panelist investor Mark Cuban plans to participate in an initial coin offering (ICO) just weeks after saying bitcoin is in a “bubble”.

BetOnline

Cuban described his thinking: “High risk, high reward”.

From CoinDesk.com:

Founded in 2014, the Seattle-based Unikrn is an e-sports betting platform that has already raised $10m from investors also including Ashton Kutcher, Elisabeth Murdoch and 500 Startups, to let anyone in the world bet with "Unikoins," the firm's own digital token, or with fiat money in Australia and the UK.

In the year since the token launched, Unikrn has transacted over 250 million unikoins, according to the company's founder, Rahul Sood, who tells CoinDesk the plan was always to switch the coin to a more secure cryptographic token.

The 1 billion new tokens – called UnikoinGold – that will eventually be minted will adhere to the ERC-20 ethereum standard and, based on a timeline in the investor update, the formal marketing of the token will begin no later than August. A launch of the live coin integrated with an underlying infrastructure and wallets is set to go live on 31st August.

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- Aaron Goldstein, Gambling911.com

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