It looks like they are launching a new coin. Here's an excerpt from the coinbase article:
"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."