Published on October 24th, 2017 | by bitcoin0
Mark Cuban Generates $31 Million With Digital Currency Sale
E-sports betting startup Unikrn has raised roughly $31 million in an initial coin offering.
The firm collected 112,720 ethers – an amount worth approximately $31.4 million at press time – in a token sale that took place in two phases, including 56,000 ETH (roughly $15.6 million) in a presale backed by celebrity investor Mark Cuban.
In an email, Rahul Sood, chief executive of Unikrn, said that the company had sourced contributions from 112 countries, characterizing them as “mostly small purchasers.”
Unikoin Gold is actually replacing a previous in-house virtual currency, dubbed Unikoins, that was used in conjunction with government-issued currencies on the site.
The startup was founded in 2014 with backing from investors like Elisabeth Murdoch and Ashton Kutcher.