Unikrn rolls out cryptocurrency for eSports betting

Unikrn rolls out cryptocurrency for eSports betting

After nearly two years of “building, testing and improving,” eSports betting operator Unikrn is now ready to launch a new product—its own digital currency.

Unikrn rolls out cryptocurrency for eSports bettingIn 2015, the operator introduced the Unikoin, a digital currency that players can use on the Unikrn site. Now, the company is taking that product a step further with the launch of UnikoinGold.

Unikrn said UnikoinGold will be the player’s entry to a new version of the Unikrn betting system, and will also become the exclusive token for the operator’s skill-based betting platform. And because it is designed as a decentralized ERC20 token on the Ethereum blockchain, this means that the coin can be bought, sold and traded on digital currency exchanges that deal with Ethereum.

“After exceeding a quarter of a billion Unikoins turned, we knew it was time to introduce our cryptocurrency–#UnikoinGold,” Unikrn CEO Rahul Sood said in a LinkedIn post.

An inaugural token sale is scheduled in a couple of months, after which the UnikoinGold will start trading on all major digital currency exchanges, the company said.

Coming from an industry known to adapt to innovation like fish to water, it shouldn’t come as a surprise that gambling operators are embracing the use of digital currencies. Last week, a team of developers rolled out Skincoin, a cryptocurrency based on Ethereum platform, built for use within the eSports ecosystem.

Described as a “universal cryptocurrency,” Skincoin is meant for use within game ecosystems, to trade in-game digital goods, to place bets on online eSports and gaming platforms and more. Skincoin can be used to buy skins for various popular game titles such as Counter-Strike: Global Offensive, DOTA2 and Team Fortress 2, among others.

And before UnikoinGold, Unikoin and Skincoin, we already have Amazon’s Stream+ virtual currency, which was introduced into game streaming platform Twitch in October 2016. Stream+ coins, awarded when players watch different streams, can be spent on in-game items as well as for “polls and wagering.”

Current bitcoin price

Bitcoin traded at $2,628.84 on Tuesday afternoon.