SkinCoin is a cryptocurrency created specifically for the online gaming community. Skin tokens can be used to buy and sell in-game skins and make payments at third-party services. They represent visual appearance of a variety of objects belonging to characters. There are some services that let gamers use their skins in online gambling and for placing eSports bets.

“We plan to solve the issues of skin trade on all video game sites. SkinCoin will provide security to players’ in-game assets and protect skin trade platforms from Valve’s claims. Unlike fiat money, SkinCoin is not a means of payment according to legal definition in most countries. Third party sites will be able to process trade transactions with the help of SkinCoin and still perfectly conform to Steam policies,” said Igor Solomatin, SkinCoin CEO.

SkinCoin is one of the newly introduced cryptocurrencies in the blockchain market, by SkinCoin. Rising in popularity, Skincoin has been specially developed for the online gaming community. The SkinCoin tokens are used for trading game skins and raising bets on gambling and e-Sports platforms. It is to be noted that Skin refers to the heroes’ appearance, weapons, objects and other elements belonging to the online games world.

SkinCoin has announced that SkinCoin tokens will be raised by the company’s own cryptocurrency ecosystem that includes marketplaces, wallets, trading platforms, exchanges and its own products or offerings line.