Willemstad, Curacao, August 9, 2024, Chainwire
Online poker CoinPoker has published a proof of reserves (PoR) report showing that user deposits are covered 1:1 in white wallets, visible on the blockchain, as well as additional reserves in hot wallets to process withdrawals instant.
Praising cryptocurrency-based poker’s resolve to generate transparency, former Austrian footballer and poker pro Mario Mosböck has teamed up with him as its new official ambassador, along with British pro Patrick Leonard.
In an X post, Mario Mosböck said that “the duo’s project is to advise the new control organization to build the most productive online poker in the world. “
Users can read CoinPoker’s proof of reserves here.
Founded in 2017, CoinPoker is a new poker room and crypto casino, but increasingly ranked among the most productive online poker sites through Card Player Magazine, PokerScout, and Techopedia.
Unlike traditional web poker sites that use fiat currency, at CoinPoker, players bet with Tether (USDT) and the site can leverage blockchain to show that users’ bankroll is secure and segregated.
Online poker was rocked by the Full Tilt Poker scandal in 2011, in which users’ budgets were combined with the operating budget, and the company went bankrupt on the industry’s “Black Friday. “
Many of the more sensible poker sites accept cryptocurrency as a deposit method, however, CoinPoker is part of a small and growing contingent that is going all out and adopting it for all moves at the poker tables. Players can deposit USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin or their own local CHP token which unlocks 33% rakeback for holders.
For added security, CoinPoker also uses Fireblocks vaults and the decentralized RNG (random number generator) software that players can check for randomness after each hand, Ethereum’s Keccak-256 algorithm.
Mario Mosböck, 28, who played as a striker for Austrian football club Wiener Neustädter SC, has recently carved out a niche for himself on the online poker scene.
He now has more than $11. 7 million in recorded tournament winnings, including a first-place finish at the Triton Super High Roller Series in Jeju for $1. 1 million and a second-place finish at the 2023 WPT Big One for One Drop for $4. 6. millions.
Mario players under the pseudonym “livinmydream” on CoinPoker, were noted in high-stakes battles in cash games of $25/$50 and above PLO.
Patrick Leonard is a former PartyPoker ambassador and was most recently ranked 38th on the all-time cash list in England via the Hendon Mob poker database. His total live earnings exceed $3. 1 million (adding a WSOP bracelet win) and his online earnings of more than $19. 2 million have noted that the 35-year-old is among the top online MTT players. productive in the world.
https://x. com/padspoker/status/1821575144504172892
Patrick, who is also a highly reputable poker coach, coaches mid-limit players for his games, and some of the players under his wing win EPT, WCOOP, and SCOOP events.
He describes his purpose at CoinPoker as “creating the world’s safest and most productive online poker room” and worked alongside the site to produce its reserve testing report.
In its PoR report, CoinPoker writes:
“CoinPoker prioritizes the security and peace of mind of visitors. Our operations are conducted through a Curacao electronic gaming license, ensuring compliance with strict regulatory standards. We demonstrate our monetary integrity through evidence of reserves, maintaining sufficient budget to cover all users’ assets. Proof of reserves refers to the assets we have for users when they deposit budget into their accounts.
Here we provide evidence that CoinPoker has a budget in reserve to cover all of our users’ assets 1:1, as well as some additional reserves. It should be noted that this budget sum refers only to the budget of the users. The company, which are stored in portfolios absolutely separately, are not taken into account in the calculations of the evidence of reserves.
Currently, CoinPoker visitors deposit in total around $16 million, and the total assets held in reserve to cover them amount to just $16. 75 million, or 105% of deposits.
The exact amount of players’ deposits is dynamically updated every few minutes on the coinpoker. com site.
Links are provided to prove that budget on blockchain etherscan. io, blockchain. com, bscscan. com and other crypto tracking sites depending on the token.
Most of the budget is kept in a bloodless garage for security reasons, and some in active wallets for instant withdrawals – players can deposit and withdraw the money within minutes in a MetaMask wallet or crypto exchange account.
To celebrate the release of the report, CoinPoker also announced an exclusive promotion for players of the upcoming special $40,000 GTD Sunday tournament for free, on the company’s Instagram and other social media channels.
Licensed through Curacao, CoinPoker is free to download on Windows and Android devices, hosting No Limit Hold’em, Pot Limit Omaha and other game types in cash game and real money tournament formats.
New players get a 150% match bonus up to 2,000 USDT on their first deposit, and holders of the site’s local cryptocurrency, CHP, get 33% rakeback for their play.
Users can open a Coinpoker account here.
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