Blogs
Unikoin Gold (UKG): Embracing Blockchain Technology for eSports Wagering
Unikoin Gold is the new ERC20 token that has been incorporated into the Unikrn platform for licensed, legal betting on eSports tournaments and matches. It offers a reward and incentivization structure for teams, individual players, and participants on eSports. It also provides entry to the latest version of the spectator betting framework on the Unikrn platform.
This platform runs a fully licensed and regulated network for eSports betting that allows its global base of users to bet legally from any part of the world using Unikoins. It also offers real money wagering options for the Isle of Man and Australia with several other jurisdictions. Unikrn has partnered with Tabcorp to provide account verification and anti-money laundering initiatives to keep the platform secure for all parties involved.
Unikoins vs. Unikoin Gold
Though the platform has been operational for a considerable period, the previous model only used Unikoins, which were only functional within the Unikrn ecosystem. Unikoins were a great asset to this centralized ecosystem and allowed the network’s global base of participants to enjoy matches and place bets on them.
The introduction of UnikoinGold expands the scope of the project as it offers higher functionality for this system. The new token adds greater functionality and value to the concept because betting regulations limited the use of the previous token. The new token can be used anywhere within the crypto sphere and even beyond.
In addition to UnikoinGold, the platform is also set to launch UnikoinSilver, which will serve as a replacement for Unikoins. Like its predecessor, this token will not be withdrawn from the ecosystem but will serve as a medium of exchange.
The Unikrn Economic Model
Users have numerous opportunities to make money from their participation on this platform. Apart from placing wagers on competitions, they can also exchange Unikoins for raffle tickets on the internal market and stand a chance of winning rewards.
Unikrn eSportsbook is renowned for offering an exceptionally wide scope of gambling markets on pro eSports tournaments and matches all over the world. It is set to incorporate skill-based betting in the near future to appeal to a wider audience.
Limitless Gaming Options
Unikrn is looking to launch exclusive jackpot rooms that users will only be able to access using golden entry tickets that they can purchase using Unikoin Gold. Premium platform members will have the opportunity to play video games and get a chance to win tokens. They will also have access to exclusive wallets on the platform that will allow for faster, feeless transactions.
This innovative gaming platform has the distinct advantage of incorporating the benefits of blockchain technology into an already operational model with a global fan base. The implementation of the technology is based on a real use-case for the ERC-20 standard tokens following requests by users to add utility to the previous token.
Unikrn already offers gamers and sports enthusiasts a safe and legal platform to hang out, place wagers and have fun. With the technological and structural improvements that are gradually taking shape, things can only get better.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of coinmarketcap.com
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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