Ethereum co-founder and Mark Cuban put $25M toward Unikrn esports betting platform’s digital token sale

Mark Cuban, Ethereum co-founder among big investors in Unikrn's digital token sale

  • Some big names are participating in Unikrn’s unique initial coin offering.
  • The Seattle startup launched an initial coin offering, or ICO, this past Friday and has already raised $25 million, Unikrn CEO Rahul Sood told GeekWire.
  • Unikrn is selling virtual tokens called UnikoinGold that can be used on its platform to bet on esports matches.
  • Those tokens can be exchanged for other major cryptocurrencies, such as ethereum and bitcoin, which can then be exchanged for U.S. dollars.
  • UnikoinGold is based on the ethereum blockchain, which is similar to Bitcoin, the largest digital currency that was trading up more than 7 percent on Monday despite concerns about regulation in China.

Unikrn’s esports betting ICO offer has attracted some top investors, including Mark Cuban and Ethereum co-founder Anthony Diiorio.

Some big names are participating in Unikrn’s unique initial coin offering.

The Seattle startup launched an initial coin offering, or ICO, this past Friday and has already raised $25 million, Unikrn CEO Rahul Sood told GeekWire.

Unikrn is selling virtual tokens called UnikoinGold that can be used on its platform to bet on esports matches. Those tokens can be exchanged for other major cryptocurrencies, such as ethereum and bitcoin, which can then be exchanged for U.S. dollars.

UnikoinGold is based on the ethereum blockchain, which is similar to Bitcoin, the largest digital currency that was trading up more than 7 percent on Monday despite concerns about regulation in China.

Unikrn opened a limited presale for big blockchain groups “who we felt would work to build commercial opportunities for the UnikoinGold ecosystem,” Sood said.

Blockchain Capital and Pantera Capital, top firms investing in the cryptocurrency ecosystem, and Draper’s Dragon Fund, a joint venture between Draper Fisher Jurvetson and DragonVenture, participated in the ICO. Unikrn investor Mark Cuban and Ethereum co-founder Anthony Diiorio, who just joined Unikrn’s advisory board, also participated.

Unikrn launched its “crowdsale” Saturday and is gradually opening it region by region. Sood said the company built its own token sale platform with features designed to increase security and efficiency.

“It’s pretty awesome and we believe it’s more secure than other ICOs,” he noted.

Here’s more details about the token sale platform, via Unikrn’s…

Ethereum co-founder and Mark Cuban put $25M toward Unikrn esports betting platform’s digital token sale