Here’s another example of a successful project demonstrated by ICOs.
Esports foundation Unikrn, the first public coin offering (ICO) launched earlier this week ) raised $15 million from previously accredited investors. The Unikrn ICO has attracted notable investors, including Mark Cuban. Unikrn, the only licensed and regulated esports betting platform in the world, first launched in 2014 and has raised $10 million in traditional venture capital investments from investors like Tabcorp, Ashton Kutcher and Guy O’Seary.
The company is launching its own ERC20 token, UnikoinGold, the token designed and sold in partnership with CoinCircle. The Unikrn ICO hopes to raise $100 million to fund the development of an improved skills-based betting platform.
“UnikoinGold is designed as a decentralized ERC20 token on the Ethereum blockchain that enables the exchange of a virtual point-based reward system for legal and licensed bets on esports matches, tournaments and other gaming venues.. UnikoinGold will also be used as a reward and incentive token for esport participants, players and teams.”
Property owners will have access to premium content, including sweepstakes and the opportunity to “win prizes, gear and special features,” according to the media release.. In some countries, the token can also be used for betting, depending on local regulations.
The company is in a special pre-sale period with accredited investors such as Mark Cuban, Brock Pierce, Blockchain Capital and Pantera Capital. won a million dollars. The public Unikrn ICO opened on September 23 and their target is approximately $85M!
Unikrn CEO Rahul Sood said, “With the interest shown through the private sale and the growing interest of the cryptocurrency community, UnikoinGold We are confident that the token sale will reach the $100 million mark.”
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