CoinPoker, an online poker site that uses cryptocurrency for transactions, has recently released a proof of reserves report to show that user deposits are covered 1:1 in cold wallets, visible on the blockchain. This move towards transparency has led to former Austrian footballer Mario Mosböck partnering with the site as an ambassador, alongside British pro Patrick Leonard. The goal is to guide the new leadership group in building the world’s best online poker site.
Established in 2017, CoinPoker is a crypto poker room and casino that has been gaining recognition from top industry sources like Card Player Magazine and PokerScout. Unlike traditional online poker sites that use fiat currency, CoinPoker allows players to bet with Tether (USDT) and uses blockchain technology to ensure user funds are safe and segregated. The site offers various cryptocurrencies as deposit methods, including Bitcoin, Ethereum, and its native token CHP, which unlocks 33% rakeback for holders.
Mario Mosböck, a successful poker player with over $11.7 million in live tournament earnings, has joined as an official ambassador for CoinPoker. He is known for his high-stakes battles on the platform under the screenname ‘livinmydream.’ Patrick Leonard, another ambassador for the site, is a former PartyPoker ambassador and highly regarded poker coach with over $3.1 million in live earnings. His goal is to help create the safest and best online poker room in the world.
CoinPoker places a strong emphasis on security and transparency, demonstrating their financial integrity through a Proof of Reserves report. This report shows that they hold sufficient funds to cover all user assets 1:1, with additional reserves available. The site’s total assets held in reserve currently exceed customer deposits by 105%. Most of these funds are stored in cold storage for security purposes, with some in hot wallets to facilitate instant withdrawals for players.
To celebrate the release of their Proof of Reserves report, CoinPoker announced a special promotion for players to gain free entry into the upcoming $40k GTD Sunday Special tournament. The site is licensed in Curaçao and offers a variety of real money cash games and tournaments, including No Limit Hold’em and Pot Limit Omaha. New players can receive a 150% matching bonus on their first deposit, while holders of the native CHP token can earn 33% rakeback on their gameplay.
Overall, CoinPoker is paving the way for a new era of online poker with its use of cryptocurrency and blockchain technology. By prioritizing customer security and financial transparency, the site has gained the trust of players and industry professionals alike. With ambassadors like Mario Mosböck and Patrick Leonard on board, CoinPoker is set to become a leading online poker destination for crypto enthusiasts and traditional players alike.
