How ESports Betting Platform Unikrn Utilizes Crypto

The video explores the potential and challenges of cryptocurrency and blockchain, focusing on Unicorn's innovative approach to crypto-based betting in esports. It highlights Unicorn's regulatory compliance, market strategies, and the role of Unicorn tokens in their ecosystem. The discussion also covers the growth of esports and its impact on traditional sports, emphasizing the shift in audience demographics.

What is a common criticism of cryptocurrency mentioned in the video?

• It is too expensive to mine.

• It is only used by large corporations.

• It is primarily used for speculative purposes.

• It is not secure enough.

What is one of the main advantages of using blockchain for Unicorn's platform?

• It allows for faster transactions.

• It reduces the cost of operations.

• It provides better security for user data.

• It enables more efficient KYC and AML processes.

Why was Unicorn able to obtain a unique license for betting with crypto?

• They were the first to apply for such a license.

• They have exclusive partnerships with major casinos.

• They are the only company using blockchain for betting.

• They have a highly regulated business model.

What was Unicorn's expectation regarding the US sports betting ban?

• It would be replaced by a new regulation.

• It would be lifted within a few years.

• It would be lifted immediately.

• It would remain in place indefinitely.

What is the primary function of Unicorn tokens in the ecosystem?

• They are used to purchase in-game items.

• They are used as a form of payment.

• They serve as a loyalty point system.

• They are traded on major exchanges.

How do users earn Unicorn tokens?

• By winning esports tournaments.

• By referring new users to the platform.

• By connecting their gaming accounts.

• By purchasing them on the platform.

Why are traditional sports organizations interested in esports?

• Esports are more profitable.

• Esports have a younger fan base.

• Esports are easier to regulate.

• Esports have lower operational costs.