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ICO Review:
UnikoinGold (UKG)
Decentralized eSports
Betting TokenSeptember 18, 2017
• Unikrn is a gaming and eSports company
that was established in 2014.
• A fully-regulated and licensed eSports
bookmaker with a wagering platform.
• Products and services:
• Gambling
• Raffles
• Premium features
PROJECT OVERVIEW
What is Unikrn?
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WEB AND MOBILE PLATFORM
PROJECT OVERVIEW
Current Unikrn features
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PROJECT OVERVIEW
The various tokens
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• Unikoin – the existing token on the Unikrn
platform that can’t be withdrawn. It will
eventually be replaced by UnikoinSilver.
• UnikoinGold – a new decentralized ERC20
utility token on the Ethereum blockchain.
This is what is being issued in the ICO.
• UnikoinSilver – can’t be withdrawn from
the platform (and won’t be tradable on
exchanges) but can be used to earn, bet
and compete in jurisdictions where they
offer the platform.
PROJECT OVERVIEW
Unikrn series A investors
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“Hundreds of companies every year try to get
me to invest, whether on Shark Tank or off
camera. However, I only put my money and my
name on the companies that I feel will be
successful, truly advance an industry and have a
leadership team that I respect. Unikrn fits all
these requirements.”
Mark Cuban: Shark Tank, Owner of the
Dallas Mavericks
“Millions of people watch competitive gaming
globally, we believe the industry has hit an
inflection point and this is just the tip of the
iceberg for where this new sport can go. We
fully believe in the Unikrn executive team, what
they are building, and their vision of how they
want to heighten people’s engagement with
esports across all mediums.”
Jonathan Teo: Binary Capital
“Tabcorp is proud to be partnering with Unikrn.
Unikrn is delivering a global gaming community
platform that reaches millions of gamers
around the world, with a proven record of
innovation and success.”
David Attenborough: Managing Director and
CEO, Tabcorp
TESTIMONIALS
PROJECT OVERVIEW
Development roadmap
6
Nov 2014: Unikrn
established.
2015: Raised $10M
from various
investors.
Players can bet UKG
on themselves in
competitive matches.
Users can use UKG to
enter high-value
jackpot and skin
jackpot rooms.
Users can earn
UnikoinSilver for
connecting game
accounts, competing
against other players,
etc.
Access to UKG
premium content (e.g.
insights, statistics,
Scorecentre IO with
widgets).
Betting bonuses,
access to live and pre-
match sportsbook
wagering, and the
ability to enter
premium subscriber
jackpot and skin
jackpot rooms.
Full gamification of
the crypto platform
with leaderboards and
an ELO ranking
system.
Other anticipated
offerings: bingo,
casino games, cards,
donations, and
tournaments.
Milestones By Nov 2017 By Jan 2018 After Jan 2018
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PROJECT OVERVIEW
UKG token sale summary
• Project name: UnikoinGold
• Token symbol: UKG
• Website: https://unikoingold.com/
• Whitepaper: https://unikoingold.com/whitepaper
• Hard cap: US$100M (ICO contributors own 20% of
total token supply if hard cap is reached)
• Total supply: 1 billion tokens
• Max market cap at ICO: US$500M if hard cap is
reached
• Bonus structure: None
• ERC20 token: Yes
• Timeline: September 22, 2017
• Token distribution date: Not specified
ICO SUMMARY
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TOKEN ALLOCATION
10%
15%
15%
20%
20%
20%
Team pool
Unikrn betting reserve
Marketing & partnerships
Token sale
Development & contractors
Company cold storage
PROJECT OVERVIEW
Use of UKG tokens
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• Primary uses for the tokens:
• Placing bets for professional eSports matches on Unikrn’s sportsbook
• Ability to play for UKG in competitive skill-based video game matches
• Tournament hosting
• Rewards for hosting skill-based gaming servers using Unikrn’s API
• Wagering on spectator engagement applications
• As UKG tokens are used to perform various actions on the platform, the more usage the
Unikrn platform has, the more valuable UKG tokens should be.
• Reserve will act as a price stabilization tool.
THE TEAM
Who are the people behind Unikrn?
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Kingsley EdwardsVP Business Dev.
Rahul SoodCo-Founder and CEO
Karl FloresCo-Founder and CMO
Daniel RudolphCTO
Chris GroveBoard of Advisors
Andrew DonleyLead Crypto Engineer
Spencer YangHead of Asia
Bryce BlumOutside General Counsel
OUR THOUGHTS
The opportunities
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• Very solid team with the co-founders having deep expertise in the gaming industry.
• Unikrn has already gone through the due diligence process of a number of investors
and received their backing.
• Unikrn’s betting platform is tightly integrated with the gaming experience. Betting and
other interactions with the game all happen in the same place.
• Unikrn caters to casual gamers / spectators. Users can win UKG tokens and win in-game
items such as skins, gaming gear, etc., increasing the use cases for the tokens.
OUR THOUGHTS
The opportunities
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• The eSports industry is growing rapidly
and eSports wagering should follow suit.
Unikrn stands to benefit from this trend.
• Unikrn’s target users should be receptive
to cryptocurrency and keen to try out
UKG tokens.
• There are not many direct competitors
to Unikrn in the blockchain space. Gimli
is the only project that also focuses on
eSports betting, but Unikrn is at a much
more advanced stage.
ESPORTS AUDIENCE GROWTH
OUR THOUGHTS
Our concerns
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• High valuation: the fully diluted market cap is $500M if the hard cap is reached.
• Competition from both traditional online betting companies and startups focusing on
eSports.
• Unikrn may have a hard time getting other third party betting operators to adopt UKG
tokens.
• Regulations could hinder the speed of Unikrn’s expansion.
• Unikrn may release tokens that are kept in the reserve in order to stabilize token prices.
This may limit the upside of the tokens.
OUR THOUGHTS
What do we recommend?
For flipping: Neutral.
• The project is very hyped up – this is the first ICO that Mark Cuban is involved in.
However, hard cap of $100M is very high.
• The amount of contribution depends heavily on the market environment, which is pretty
unpredictable now that the Metropolis upgrade for Ethereum is coming soon.
For long-term holding: Positive.
• Unikrn has a large presence in the eSports scene and is the prime candidate to benefit
from the rapidly growing eSports industry.
• If Unikrn becomes successful, it has the potential to become the go-to place for eSports
betting and spectating, which is a huge industry in the long-term.
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