A rising leader in cryptocurrency-based online poker, CoinPoker has made news with its most recent action towards more security and openness. The network has released a fresh Proof of Reserves (PoR) report showing that reserves are shown on the blockchain entirely back all user deposits. Showcasing its dedication to user security and openness, this project is a component of CoinPoker’s larger aim to establish new benchmarks in the online poker market.
An Online Poker New Era
Founded in 2017, CoinPoker has risen fast among the best online poker sites. Using cryptocurrency—including Tether (USDT), Bitcoin, Ethereum, Solana, Polygon, Binance Coin, and its native CHP token—CoinPoker differs from conventional poker sites depending on fiat dollars. This change lets CoinPoker use the blockchain for unmatched openness and security.
With the Full Tilt Poker scandal—where customer funds were misused and resulted in insolvency—the online poker business saw a major upheaval in 2011. CoinPoker seeks to avoid such problems by using blockchain technology to guarantee that all user funds are tracked down and readily available.
Mario Mosböck Appointed Official Ambassador
Along with British poker pro-Patrick Leonard, former Austrian football player and professional poker player Mario Mosböck has joined CoinPoker as an official ambassador, adding to the buzz. With approximately $11.7 million in live tournament profits, Mosböck—well-known in the poker scene—showered excitement for the alliance. Mosböck discussed in a recent X post the goal of helping CoinPoker’s new leadership team create the best online poker platform.
Mosböck’s noteworthy accomplishments include a runner-up post at the 2023 WPT Big One for One Drop, where he brought home $4.6 million, and a first-place finish at the Triton Super High Roller Series in Jeju, earning $1.1 million. He plays under the screen name “livinmydream,” in high-stakes $25/$50 PLO cash games and beyond on CoinPoker.
Patrick Leonard Is A Proven Champion.
Mosböck was joined in this effort by Patrick Leonard, one of the greatest online MTT players worldwide and a former PartyPoker ambassador. Ranked 38th on England’s all-time money list by the Hendon Mob database, Leonard claims over $3.1 million in live income and more than $19.2 million in online income. His extraordinary online poker skills and work as a poker coach, guiding mid-stakes players to raise their game, are well-known.
Along with helping to create the PoR report and striving to make CoinPoker the most innovative and safest online poker room available worldwide, Leonard’s participation with CoinPoker, including His love of poker and attention to player security, fit exactly CoinPoker’s goal.
Verification Of Reserves: Blockchain Transparency
The PoR report from CoinPoker is a major first towards openness in the online poker industry. The study claims that CoinPoker has enough money to cover all user deposits, which is 1:1 plus extra reserves. This guarantees that all player assets are completely backed and easily observable on the blockchain.
According to CoinPoker’s PoR report, “CoinPoker gives top importance to customer security and peace of mind. A Curaçao eGaming License protects our activities and guarantees adherence to rigorous legal requirements. Proof of Reserves shows our financial integrity since we have enough money to cover every user asset. Proof of Reserves is the inventory we keep for consumer use upon fund deposits into their accounts.
CoinPoker’s client deposits total about $16 million; just about $16.75 million—105%—are reserved. The network automatically updates these numbers on its website every few minutes; users may monitor the reserves on several blockchain tracking websites, including Etherscan, Blockchain.com, and BSCScan.
CoinPoker uses a distributed RNG (random number generator) software and Fireblocks vaults for cold storage to improve security; players may check these using Ethereum’s Keccak-256 algorithm. This mix of technology guarantees fair game results and player fund security.
Exclusive Promotion To Honours The Por Report
Celebrating the release of the PoR report, CoinPoker has revealed a special offer. Participants can enter the forthcoming $40,000 GTD Sunday Special event for free. CoinPoker’s social media platforms, including Instagram, are stressing the promotion to involve the community and honor devoted players.
In Conclusion
Mario Mosböck’s cooperation with CoinPoker and Patrick Leonard heralds a fresh turn in the development of online poker. CoinPoker is redefining the market by adopting blockchain technology and pledging openness via its Proof of Reserves report. With these developments, CoinPoker hopes to give online poker players a safe, open, and thrilling venue.
