Mario Mosbock Partners to Build Online Poker Site CoinPoker, PoR on Blockchain
Willemstad, Curacao, August 9, 2024, Chainwire
Online gambling site CoinPoker has released its report of reserves (PoR) visible on the blockchain, with users depositing 1:1 in cold wallets, with additional reserves to process withdrawals faster.
Praising the crypto-based poker site's move to increase transparency, former Austrian soccer player and poker expert Mario Mosbock has partnered with the site as its new official ambassador, along with British professional Patrick Leonard.
Mario Mosbock told X-Post that the pair's goal is to lead the new management team to build the best online poker site in the world.
Users can read CoinPoker's reserves report here.
Building a top online casino site with Cryptocurrency
In the year Founded in 2017, CoinPoker is a relatively new crypto poker room and casino, but it has been ranked among the top online poker sites from time to time by Cardplayer Magazine, PokerScout, and Techpedia.
Unlike conventional internet poker sites that use fiat currency, players at CoinPoker bet with Tether (USDT) and the site can use the blockchain to prove that user funds are secure and decentralized.
Online gambling was rocked by the Full Tilt Poker scandal in 2011, in which user funds were mixed with operating funds and the company went bankrupt on the industry's ‘Black Friday'.
Many top poker sites accept cryptocurrencies as a deposit method, but CoinPoker is among a small and growing group to accept ‘all in' and for all action on the poker table. Players can deposit USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin or its native token CHP which unlocks 33% for holders.
For added security, CoinPoker uses Fireblocks vaults and decentralized RNG (Random Number Generator) software, which players can check for randomness after each hand, using Ethereum's Kecak-256 algorithm.
Register CoinPoker Mario Mosbock, Patrick ‘Pads' Leonard
28-year-old Mario Mosbock plays for Austrian football club Wiener Neustadt.
He now has over $11.7 million in recorded live tournament earnings, including a first-place finish at the Triton Super Lake Roller Series in Jeju for $1.1 million, and finished as the runner-up in the 2023 WPT Big One with $4.6 million for one drop.
Source – triton-series.com
Mario players, under the screen name ‘livinmydream' on CoinPoker, often appear in $25/$50 PLO cash games and higher difficulties.
Patrick Leonard is a former party poker ambassador and is currently ranked 38th on the Hendon Mob Poker Database UK All Time Money List. His total earnings exceeded $3.1 million – including a WSOP bracelet win – and his online earnings of over $19.2 million rank the 35-year-old among the best online MTT players in the world.
Also a highly respected poker coach, Patrick teaches players to improve their game, with some of the mills under his wing going on to win EPT, WCOOP and SCOOP events.
CoinPoker states its goal to help ‘create the safest and best online poker room in the world' and has worked with the site to prepare its backup report.
Backup verification on Blockchain
In its PoR report, CoinPoker wrote:
‘CoinPoker prioritizes customer safety and peace of mind. Our operations are protected by the Curacao Gaming License, ensuring compliance with strict regulatory standards. We demonstrate our financial integrity by holding sufficient funds to cover all user assets. Proof of reserve refers to the assets we hold on hold for users when they deposit funds into their accounts.
Here we provide confirmation that CoinPoker has funds in reserve to cover all our users' assets 1:1 and some additional reserves. It should be noted that this sum of money only applies to users' money. CoinPoker's corporate holdings, which are stored entirely separately in wallets, are not included in the verification of reserve calculations.'
At this point, CoinPoker's customer deposits total about $16 million, and the total assets held in reserve to cover those are just under $16.75 million, which equates to 105% of deposits.
The actual player deposit amount is dynamically updated every few minutes on the coinpoker.com website.
Links to view funds on the blockchain can be found at etherscan.io, blockchain.com, bscscan.com and other cryptocurrency tracking sites based on the token.
Most of the funds are held in cold storage for safety, some in hot wallets to process instant withdrawals – players can deposit and withdraw in minutes with a MetaMask wallet or crypto exchange account.
To celebrate the release of the report, CoinPoker announced a special promotion for players to enter the upcoming $40k GTD Sunday special tournament, on the company's Instagram and other social media.
About CoinPoker
Licensed in Curacao, CoinPoker is available as a free download on Windows and Android devices, hosting No Limit Hold'em, Pot Limit Omaha and other game types in real money cash game and tournament formats.
New players get a matching bonus of 150% up to 2000 USDT on their first deposit, and owners of the site's native cryptocurrency CHP get a 33% return on their play.
Users can open a Coinpoker account here.
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This article is provided for informational purposes only and is not intended to be construed as legal, financial or tax advice. Readers should not rely solely on the information provided herein and should consult their own legal, financial or tax professionals regarding their own circumstances. The author(s) and publisher make no representations or warranties as to the accuracy or completeness of the information in this article. Reliance on any information provided in this article is solely at your own risk.
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