The reason I ask is because popular "Shark Tank" VC. Mark Cuban, is about to invest in his first ICO. A company in Mark Cuban's portfolio "Unikrn" is about to raise additional capital by selling crypo tokens.
Unikrn was founded in 2014, a Seattle-based company focuses on e-sports betting. It has already raised 10 million dollars from investors including Ashton Kutcher and Elisabeth Murdoch. In the year since the token launched, Unikrn has transacted over 250 million unikoins, according to the company's founder, Rahul Sood, who tells CoinDesk the plan was always to switch the coin to a more secure cryptographic token.
The 1 billion new tokens – called UnikoinGold – that will eventually be minted will adhere to the ERC-20 ethereum standard and, based on a timeline in the investor update, the formal marketing of the token will begin no later than August. A launch of the live coin integrated with an underlying infrastructure and wallets is set to go live on 31st August.
An excerpt from the investor update revealed a breakdown of how shares of the tokens are expected to be allocated:
Supply: 1 Billion
Partnership & Marketing: 15%
Unikrn Betting Reserve: 15%
Initial token sale: 20%
Unikrn Internal: 50%
