Bitcoin Forum

I like that Unikrn has a real, functional product in a booming sector. Many have said that they don't like the fact that the company is only releasing 20% of Unikoingold coins to the public. However, it's rare to have an ICO backed by so many successful investors with name recognition (Mark Cuban) who could really push this company forward. What are your thoughts on Unikoingold? If you're investing, what's your strategy (are young long or looking to flip)?

Given that the token would be used for betting on Unikrn which is an already established platform for esports betting, there is good value potential in it. This would also allow those who are currently on the platform to convert their winnings into BTC/ ETH/ other cryptos/ fiat which is not the case today and should further drive adoption.

As for the presence of famous investors, that is just to get more people on board and price the token higher than it would have been otherwise - not sure if they're a big advantage for the token per se, maybe so for the company though.

Give it sufficient time, maybe a year, to build value and you can expect pretty handsome returns on your investment - that's my strategy at least.

Maybe the project is really cool, but they are very poorly promoted on the network. I hear about them for the first time.

Is there going to be a Pre-ICO for this token? Do we have any other information, as to potential reach?

selling 20% of coins to the public
i would not trust that
they can not decide a price for the token and then hold 80% for themselves
it just dosnt work like that

Thanks for responding.

To say they are holding 80% for themselves may be oversimplifying. Their white paper allocates 20% Token Sale, 35% User Growth, 15% Betting Reserve, 20% Company Cold Storage and 10% Founding Team and Employees.

They already had a pre-ico for VC's. Reason why I won't join.

Buy and hold. The only strategy that's really ever worked for me. At least in the stock market. But I'm new to these 20,000% crypto returns.

I feel like people who are complaining about the 20% token issue really need to look and see where the other tokens are going to be utilized. Its not 20% for public and 80% for dev team like they are implying. I think this is worth a small speculative investment given the celebrity hype and the fact that they are already an up and running business. This not your typical ICO where product needs to be developed and used by the consumer. This is an integration of a coin to an already working product. I dont see 100000x gains anytime soon. But  to double/triple your investment, maybe even 10x if devs stick to the plan is not out of the question.

bunch of newbies trying to sell people on this ico, releasing just 20% of these coins via crowdsale is an absolute tragedy, this goes back to the days of having huge premines on coins, people avoided them back in the day and i suggest you continue to avoid them now.

The only one trying to sell something is you, with your signature. I am new to crypto but im not new to investing, trading  and recognizing patterns. What makes you think i wouldnt invest a small amount and then take my money out once i realize a 100-200x profit which is almost garunteed? 90% of crypto currencies cant create the kind of hype this coin is generating. Marketing=$$$

There are many ways to play this game. Many ways to take advantage of opportunity. I would rather that there be coins left over from the ICO so we can get extra. But the way they are selling out i doubt that will happen.

The Unikoingold has a strong team and have already passed several VC's due diligence test. It's also a mature product, I think long term this might have a future, but I am not sure about short term flipping. The hard cap concerns me a bit.

I wear a signature of a project i feel is promising, and  I invest in that project, ul see most people here with an established profile wears a signature ud be dumb not too, new to crypto yes not new to investing you say? 100-200x times profit guaranteed? so apparently they have raised 88k in ethereum which equals out to over 100 million ukg sold already is this represents just 20 percent of the tokens? which means there will be over 500,000,000 tokens and the sale isnt even over yet, looks like they aiming to have 1billion tokens? at a current rate you get 1 Ukg for ever .001154 of eth which is .33, so its going to hit the market with a marketcap of 333 million, all I have to say is goodluck getting them profits because this token is going down in price when it hits the market, way oversold.

Let me make a unikoingold signature ;D

Seems like online gambling will continue to grow in popularity, and the blockchain is an interesting twist. I can see people wanting to convert their winnings to BTC and ETH.

Will the big guys stick around for the long term, or dump their holdings en masse ? That is the question, for any ICO.

https://unikrn.com/s/imfb6caf9df

You can start betting now.

An update I received from Unikrn:

Whether you’re a current purchaser of UnikoinGold or thinking about it, we have some game-changing news you need to read.
A lot of our fans have been waiting for their increase on the individual purchasing cap. We wanted UnikoinGold to be as widely distributed with a global array of users, and we have approved all the individual limit increases.
We have passed our first milestone at 85,000 ETH and we have plenty of work to do.. Our token is already disrupting esports and has even begun making waves in some enormous platforms that are speaking to large, non-endemic audiences. Most recently, CNBC asked our CEO, Rahul Sood, to come discuss it in a pre-recorded segment which will air soon.
For everybody who bought UKG, every additional sale means you are helping us add more utility and value. The revenue we make is going back into R&D to create amazing uses for the token so that it becomes the decentralized currency for esports.
We’re making progress on applications in hardware, software, virtual items, betting, fundraising, tournament hosting, teams, game statistics and more. Every ether we earn helps us push out to be more ambitious.
We’re already in casinos. We already have the beta for skill-based competitions. We’re already putting up tournaments. We are now working to integrate UnikoinGold into these parts of our business in various ways. UnikoinGold is a utility token with real utility, and now we’re about to launch a new feature that we hope our community loves as much as we loved creating it.
Coming Soon: Trade in your Skins for UnikoinGold

Many of you know that our CEO has been one of the most vocal critics against illegal skin gambling. It’s dangerous, bad for the industry, makes everyone in esports look bad and — more than anything — it hurts Valve, a company that we all respect and love. Without Valve this industry wouldn’t be where it is today.
However, there are still plenty of people in the community who are sitting on a cache of CSGO skins with nothing to do. So that’s why we designed a little engine that will take your CSGO skins in and spit out UnikoinGold for you to use in various ways on our platform including legal and regulated betting on esports! You may also choose to swap for another token or cryptocurrency on any exchange.
Unikrn has given out over $100,000 in skins through free jackpots on our site. Needless to say, skins are really popular. By allowing our community to exchange their CSGO skins for UnikoinGold, they’re helping us build inventory for more jackpots without burning cash, and we’re helping them trade out of a skin that they may not have use for anymore. How awesome is that?
Over 9,000 years of esports content was watch on Twitch last month alone. Imagine the bump this sector is going to see with the benefits that come with a decentralized exchange and smart contracts. Two years from now, you’ll look back at your moment that helped change the fastest-growing entertainment industry in the world.
It wouldn’t be possible without your support and vision. So thanks for everything. Long live Ethereum and UnikoinGold!
Thank you.
Team Unikrn.

Hey all, sorry I haven't been visiting these forums.  I'm new here, I'm the CEO of Unikrn, my name is Rahul Sood.  You can verify it's me by finding me on Twitter @rahulsood. https://www.twitter.com/rahulsood.

I'm here to answer any questions.

As far as the 20% to the public goes, we actually hold 15% in a risk pool - if we don't sell through the 20% the rest will go in cold storage.  The risk pool is there to manage betting risk, and also the decentralized applications whereby people may earn tokens through various means that add value back to the Unikrn platform.  It's going to be an exciting year for us, we're super happy that many of our existing users are familiar with crypto - it'll make things much easier as we go forward.

I do find it odd that the forum software doesn't support Tapatalk fwiw :)

Hello Rahul. I had a question for ya. Will unikoingold be hitting exchanges like bittrex and bitfinex? Or will it just be available to purchse on the unikrn esports platform?

I am definitely investing for the long run. Such an interesting idea and like you said, a strong backing to propel it forward. Just saw this article they posted: https://news.unikrn.com/article/UnikoinGold-Sets-Records-Becoming-Universal-Esports-and-Gaming-Token

And this tutorial of how to sign up for the sale: https://www.youtube.com/watch?v=q5jbc3FOJco&feature=youtu.be

I had trouble analyzing the coin because of a lack of information, which was concerning.
https://steemit.com/unikoingold/@roosterred/unikoingold-impossible-for-me-to-analyze
I also want to know what the current turnover rate is on their non-crypto coins. Typically gambling operations have a very high turnover rate which means a relatively small amount of tokens or chips can fund a very large amount of bets.

Guys, do you realize that they are going to take off?? No one goes and says that they are the universal token in any industry. But don't expect anything when their ICO ends. You'll have to hold onto it for a while.

what in a name of a scam. these investors can't code and they're here to make free money out of dumb investors.

This all sounds good...I'm just wondering how the Unikoingold converted to Unikoinsilver is going to be stored. On their platform? In a wallet?

Just bought into this ICO and checked out their platform. Now, We wait  8)

Is there a way to increase the purchasing cap even more?

I like the idea of trading in my unused skins and at least getting something for it. Glad to be onboard, but I'm probably going to hold these for awhile before I really make my decision.

https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/


Looks like this coin is going places!

Based on the other esports tokens out there, this one takes the cake. The cap may be high, but I don't mind. They have the team, resources, connections, and platform. You have a better shot with this one fellas

I have this feeling that they're holding back on anouncements tbh

Hold me to my word, but I feel like they're going to announce more

Unikrn has calculated that the circulating amount (200 million UKG) will be more than enough for the crypto platform. Unikrn has been around for over 2 years and has no plans of running away from the space. In fact they have just received their gaming license from the Maltese Gaming Authority, which allows them to spread their Unikrn Esports betting platform to 80% of the European gaming market.


You have no idea ... ;)

Seems like I've been hearing about them everywhere: http://www.nasdaq.com/article/nzdjpy-confirms-below-ichimoku-unikrn-expands-in-eu-cm857955
For anyone that doesn't want to read articles I found this video: https://www.youtube.com/watch?v=gxCg5QY6VZ0

One thing I am curious about is if they plan on joining exchanges. In a fb group, there was a rumor about it...we will see  ???

eff the haters because this ico is one of the only ones with an already working platform. They're simply just integrating it and adding value.

I was ignoring this ICO until I saw that they were approved for a gambling license in the EU. Since they have an already established business, I'm vaguely bullish Unikoin.

The downside of it is how much money they've raised. They've raised over $30 million in ETH so far for 20% of the tokens. That's >$150 million market cap implied which seems unrealistic.

I agree With you unrealistic.

I believe they're in the works of getting unikoingold on exchanges (just a rumor I heard)

they raised enough. i think do good in future

They are only one of the game betting ico that going to make it but they are asking too much money.

You have a point, though the people still have to invest at a steady pace. The project could get shut down without any announcement from the dev.

Suggest anyone looking at this or other tokens read my blog post on Medium.

https://medium.com/@rahulsood/the-power-of-ethereum-c1bfc60c7851

Thanks for sharing rahul! Here's what the site says about the amount of tokens distributed:

"Each purchase represents a percentage of the available 200 million tokens. The number of coins you get will be determined by the amount of contributions we receive."

Very interesting concept

We basically wanted to sell to the broadest number of users around the world. We're now in over 112 countries and growing, so it should be great when it's all over!

Project seems solid, but the marketcap is too high IMO

Well, I guess if we were just a whitepaper with a team of 10 people and no product, no brand, no licenses, no community, no users, no fans, no technology, no traction, no revenue --- then yeah, I'd agree completely.  :)

Nice sarcasm!  8)

BTW I like and agree with your views on ICOs - too much sh*t is going around with too little due diligence by the 'investors'.

Will we be able to store tokens in MEW?

Yes. UnikoinGold is an ERC20 token. In fact, Unikrn has named MEW as one of the wallets they encourage you to use for participating in the tokensale.

Big update on the tech and solving the scaling and cost of mass volume transactions they expect esports fan to issue when utilizing the token:

The Unikrn Wallet: High Speed & Transaction Free
https://medium.com/@rahulsood/the-unikrn-wallet-high-speed-transaction-free-74c65504ad34 (https://medium.com/@rahulsood/the-unikrn-wallet-high-speed-transaction-free-74c65504ad34)