eSports’ Crypto Betting Platform Unikrn Gets Isle of Man License Approval
Unikrn is a leader in the wagering and eSports entertainment categories. On Tuesday, October 23rd, 2018 it announced that it had already finalized their approval of the Isle Man License. It is a roll out that will make it easier for platform users to bet on eSports tournaments and teams.
Users will also get to activate skill-based betting, where a platform user will get an opportunity to wager on their own success in leading title categories like League of Legends and Dota 2.
UKG is the native cryptocurrency on this platform and can be used to unlock numerous benefits for bettors and players. It is expected that UKG will also become the primary token for wagering on eSports on the various regions where it will be available. eSports will be available in 80% of Latin America, Europe, and certain Asian cities.
During its ICO conducted last year, eSports was able to raise more than $100million. In the upcoming rollout, it will feature technology from firms such as Bittrex. This is an American owned asset trading company that has been tasked with the responsibility of developing a system to guarantee continuous crypto accessibility for platform clients.
Clients using the Unikrn system will get to enjoy easy access to the platform token. Access will be via a transaction engine that is to be created by Bittrex. This ending will simplify the token acquisition process making it as simple as purchasing a credit card from the principal Unikrn.Com website.
To make this a possibility, Unikrn started by developing a fully-functioning backend blockchain-based wagering system known as Unikrn Jet. The backend system is capable of powering up to nine thousand bets in a second. The betting engine has already gone live for use by the play token economy.
In addition, it can be easily turned over for fiat betting and regulated crypto. According to Rahul Sood, the CEO and co-founder of Unikrn, the company had embarked on developing one of the most advanced wagering backend systems ever seen in the world. They finally achieved their objective by incorporation various blockchain-based technologies.
Having completed this objective, the company now seeks to enter the global gaming market which has an estimated network of more than $30 billion. The company also made history by being the very first firm in the world to start operations having a fiat betting and crypto betting license from the Isle of Man. This license has been issued by one of the most respected gambling regulators in the industry.
It is estimated that the live launch for gaming contests and eSports will occur in October for both fiat and crypto clients. Bill Shihara, Bittrex CEO went on to state that with continued development and the right support, blockchain-based technologies can assist in delivering revolutionary solutions to businesses and people across the globe.
Bill said that his firm believes in blockchain’s potential. And the current use by Unikrn has presented another unique opportunity that can be used to expand its adoption.