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Unikoin Gold (UKG): Embracing Blockchain Technology for eSports Wagering

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Unikoin Gold
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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 Like its predecessor, this token will not be withdrawn from the ecosystem but will serve as a medium of exchange.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.

We will be updating our subscribers as soon as we know more. For the latest on UKG, sign up below!

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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