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Building A Top Online Poker Site With Cryptocurrency
Introduction
CoinPoker, founded in 2017, has quickly ascended the ranks to become a highly regarded online poker and casino platform. Unlike traditional poker sites that utilize fiat currency for transactions, CoinPoker exclusively uses cryptocurrencies, allowing transparency and security through blockchain technology.
The Rise of Crypto Poker
With an increasing number of online poker platforms integrating cryptocurrencies, CoinPoker stands out by fully embracing digital currencies like USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin, and its native token CHP. This comprehensive adoption is particularly significant given the historical context of the Full Tilt Poker scandal in 2011, where user funds were compromised. CoinPoker’s blockchain-based PoR (Proof of Reserves) ensures user deposits are safely segregated and verifiable.
Advantages of Blockchain in Online Poker
- Transparency: Blockchain allows users to verify the platform’s financial integrity.
- Security: User deposits are held in cold wallets, significantly reducing the risk of hacks.
- Instant Transactions: Cryptocurrencies enable fast deposits and withdrawals without the delays typical of traditional banking systems.
CoinPoker Signs Mario Mosböck and Patrick ‘Pads’ Leonard
New Ambassadors
In a bid to strengthen its reputation and reach, CoinPoker has engaged two prolific poker professionals: Mario Mosböck and Patrick Leonard.
Mario Mosböck
Former Austrian footballer turned poker pro Mario Mosböck, renowned for his online screen name ‘livinmydream,’ has accolades including over $11.7 million in live tournament earnings. His notable victories include a Triton Super High Roller Series win and a second-place finish at the 2023 WPT Big One for One Drop. More details on Mario Mosböck’s aspirations and current activities can be found on Triton Series.
Patrick Leonard
Patrick Leonard, also a former PartyPoker ambassador, is an accomplished poker player and coach. Ranked 38th on England’s all-time money list by Hendon Mob Poker Database, Leonard boasts over $3.1 million in live earnings and more than $19.2 million in online tournament earnings. His goal at CoinPoker is to help create the safest and most enjoyable poker environment.
Proof of Reserves on the Blockchain
CoinPoker’s commitment to user security and transparency is exemplified through its PoR report. This report reveals that the platform holds 105% of user deposits in reserve, ensuring that all user assets are backed and secure. For public verification, users can view these funds on multiple blockchain explorer sites such as etherscan.io and bscscan.com.
Key Benefits of Proof of Reserves
- User Assurance: Players can verify that their funds are safe and available.
- Financial Integrity: Demonstrates the platform’s commitment to maintaining separate user and corporate funds.
- Regulatory Compliance: Meets the strict standards set by its Curaçao eGaming License.
The Security Mechanisms
CoinPoker employs various security measures, such as Fireblocks vaults and a decentralized RNG (random number generator), ensuring every hand’s randomness is verifiable through Ethereum’s Keccak-256 algorithm.
Conclusion
CoinPoker’s innovative use of blockchain technology not only enhances security and transparency but also sets a new standard for the online poker industry. With seasoned professionals like Mario Mosböck and Patrick Leonard leading the charge, CoinPoker is poised to become a frontrunner in the world of online cryptocurrency poker.
FAQ
What cryptocurrencies does CoinPoker accept?
CoinPoker accepts Tether (USDT), Bitcoin, Ethereum, Solana, Polygon, Binance Coin, and its own native token CHP.
How does CoinPoker ensure the security of user funds?
CoinPoker uses blockchain technology for transparency, segregating user funds in cold wallets, and employs Fireblocks vaults in addition to decentralized RNG software.
Can users verify CoinPoker’s financial integrity?
Yes, users can verify CoinPoker’s PoR through blockchain explorers like etherscan.io and bscscan.com, which publicly display the reserves.
What benefits do CHP token holders receive?
Holders of CoinPoker’s native token CHP earn 33% rakeback on their play, increasing their potential profitability on the platform.
For more detailed information and to start playing, you can visit CoinPoker’s official site.
This article serves informational purposes and should not be taken as legal, financial, or tax advice. Readers are advised to consult with their own professionals regarding their specific situations. The author and publisher make no warranties about the accuracy or completeness of the information herein. Reliance on any information provided is solely at your own risk. Contact CoinPoker at [email protected].