UnikoinGold (UKG): The e-sports & Gaming Token
UnikoinGold Quick Stats
|CREATION DATE:||September, 2017|
|DEVELOPMENT STAGE:||Full Release|
The world of esports has been growing at a remarkable rate in the last few years, much the same way as cryptocurrency has since 2009. The two industries embrace digital alternatives to traditional markets, that of sports and cold hard cash, and transform them into assets and activities on the internet comprising of 1s and 0s. UnikoinGold is a digital currency that has found a niche in between the two markets by implementing the platform Unikrn which offers esports betting for gamblers around the world. Their mission is to make UnikoinGold the be-all end-all token for the esports and gaming communities. CoinPayments is happy to help by offering UnikoinGold payment processing for our merchants globally!
How Does UnikoinGold Work?
UnikoinGold was developed in 2017 as a token to use on the Unikrn platform in place of other fiat options for users outside of jurisdictions in which the platform was licensed for operation. The popularity of esports and betting meant that the platform had to be accessible to the global market to realise greater growth. Since cryptocurrency is borderless, creating one to operate as the primary token for the platform only made sense to the management.
UnikoinGold is developed using the Ethereum blockchain and according to the team, UnikoinGold will be used in full-licensed jurisdictions in the following way: “We 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.” The use of the coin will be limited to the licensing of the platform. In jurisdictions that are not fully licensed, the coin will be usable but for a more limited set of functions. The intent will be that “UnikoinGold will serve as a utility token creating a decentralized, community-driven experience” through the platform Unikrn.
The main utilities that the company is working to make available to UnikoinGold token holders can be found below, this list is subject to change:
- Placing bets for professional esports matches on Unikrn’s esportsbook
- Ability to play for UnikoinGold in competitive skill-based video game matches
- Tournament hosting
- Rewards for hosting skill-based gaming servers using Unikrn’s API
- Wagering on next-generation spectator engagement applications
- Daily UKG & gaming prize drawings
- Access to premium Unikrn subscription features such as rewards for performing various actions on Unikrn’s crypto platform (e.g. connecting your gamer accounts, referring new customers, and access to premium Unikrn written and video content)
- Only shopping in gaming, hardware and more with partner merchants
Why Choose UnikoinGold?
The world of cryptocurrency and esports are growing at a dizzying pace. The two complement one another well due to their technical foundations, and their innovative streaks that have captured the attention of the globe. Given Unikrn’s comprehensive platform and its access to a variety of esports betting opportunities, you’d be remiss if you were to overlook this project! As a merchant, you can now add UnikoinGold payment options to your store and accept UKG which aims to be the go-to digital currency for online e-sports betting!