Ethereum-based initial coin offerings (ICOs) are popping up every day, but everyone is still waiting for that killer service that really proves to the world that blockchain-based businesses are the future. 。
An upcoming token by esports betting platform Unikrn may not be the ultimate answer to that question, but it is one of the most natural uses of the blockchain architecture I've seen so far. 。
SEE ALSO:How to buy Bitcoin and Ethereum 。Unikrn's UnikoinGold token will be, simply put, a currency for betting on esports events. The company already launched a virtual coin called Unikoin in 2015, but it was essentially a virtual currency which could not be bought or traded -- you could only get it directly from Unikrn.。
UnikoinGold (the old coin stays, and will be called UnikoinSilver from now on) offers several key advantages: It can be purchased or sold on third party exchanges, as well as withdrawn from Unikrn altogether. 。
This allows Unikrn to bypass some betting laws (as stated in the UnikoinGold whitepaper), but it's not entirely clear which ones (we've reached out to Unikrn on this and will update the post when we hear from them) and some limitations will definitely stay. 。
UPDATE: Aug. 18, 2017, 9:35 a.m. CEST 。 Unikrn got back to us saying the company is not bypassing any betting laws. "Our system allows us to avoid excessive banking regulation to optimize our growth. We continue to work within the law," said Unikrn CEO and founder Rahul Sood. 。
"We chose to turn Unikoins into an esports cryptocurrency so we could expand our business more efficiently. With UnikoinGold and UnikoinSilver we won't have to deal with multiple banks and currencies across multiple countries," said Sood. 。
Thanks for signing up! 。
UnikoinGold, just like UnikoinSilver, will be available to everyone, but it will work differently in so-called "full service jurisdictions," and "limited jurisdictions." The most important distinction between the two is that users in the former can actually bet, while users in the latter can only enter raffle contests, regardless of the coin they use.。
"At launch all jurisdictions would be limited. Within 90 days we will open up some full service jurisdictions across Europe," said Sood.。
All trading will happen, Unikrn claims, on the UnikoinGold blockchain (using Ethereum smart contracts), which should make it fully transparent to the public. 。
As for the value of UnikoinGold, it will be decided on by the open market, which might make the entire process of gambling a bit more exciting. 。
Unikrn plans to sell $100 million worth of UnikoinGold -- a big number but one that pales in comparison with some recent ICOs. The presale registration period is already over but the public token sale will launch on Sept. 22, 2017.。Unikrn allows you to bet on esports events, such as League of Legends matches.Credit: Unikrn 。
The Seattle-based Unikrn is backed by some high profile investors, including Mark Cuban, Ashton Kutcher and 500 Startups. Interestingly enough, Mark Cuban called Bitcoin a bubble in June, but later said that participating in an ICO is a "high risk, high reward" type of endeavor. 。
This is not the first betting-related ICO, though. A company called DAO.Casino launched a blockchain-based protocol for gambling which other companies can use to create blockchain-based online casinos. It raised nearly $18 million in ether (in today's prices) in a token sale that ended on July 21.。
Featured Video For You 。
(责任编辑：時尚)
Cat gets stuck in the most awkward position everBeyoncé turned 35, so she can officially run for president
Magical pothole in Scotland bears remarkable resemblance to AustraliaBeyoncé turned 35, so she can officially run for presidentAly Raisman catches Simone Biles napping on a plane like a championHiddleswift finally followed each other on Instagram after 3 excruciating days
On Aug. 13, 1961, Germany began construction of the Berlin Wall, perhaps the greatest symbol of the
...[详细]Giant pandas are no longer 'endangered,' but eastern gorillas face extinction
Giant pandas, break out your best bamboo. You're no longer considered an endangered species. 。The Int
...[详细]Young student is 'embarrased and harrased' by school for wearing leggings
When Kimberly Jones got a text from her 11-year-old daughter, Bella, she was upset. 。 Not because her
...[详细]Young student is 'embarrased and harrased' by school for wearing leggings
When Kimberly Jones got a text from her 11-year-old daughter, Bella, she was upset.
。 Not because her
...[详细]Olympic security asks female Iranian fan to drop protest sign
Olympic security personnel questioned a female Iranian volleyball fan Saturday when she showed up fo
...[详细]Study details the sugar industry's attempt to shape science
The sugar industry began funding research that cast doubt on sugar's role in heart disease — i
...[详细]Employers are stalking your Facebook and this startup helps them
For good or ill, social media is now fair game for recruiters and HR departments when checking out j
...[详细]Watching pirated movies online not illegal, Indian court rules
Fret not Indians, merely viewing pirated movies online won’t land you in jail.SEE ALSO:Downloa
...[详细]SINGAPORE -- Getting stuff done at the bank often involves having to waste part of your day standing
...[详细]No, Apple, killing your headphone jack is not 'courage'
I've been at or watched every Apple keynote and product launch event since 1998. I was there when th
...[详细]17 questions you can answer if you're a good communicator
Beyoncé turned 35, so she can officially run for president
