Mario Mosböck partners with CoinPoker to build the best online poker site and present PoR on the blockchain

Share article

Willemstad, Curacao, August 9, 2024, Chainwire

Online poker site CoinPoker has published a Proof of Reserves (PoR) report showing that users’ deposits are backed 1:1 in cold wallets visible on the blockchain, while maintaining additional reserves in hot wallets to process instant withdrawals.

Former Austrian footballer and poker pro Mario Mosböck praised the crypto-based poker site’s move toward greater transparency and, alongside British pro Patrick Leonard, has partnered with the site as its new official ambassador.

In an X-post, Mario Mosböck stated that the couple’s “mission is to guide the new leadership group in building the world’s best online poker site.”

Users can read CoinPoker’s Proof of Reserve report here.

Building a Top Cryptocurrency Online Poker Site

Founded in 2017, CoinPoker is a relatively new crypto poker room and casino, but is increasingly being ranked among the best online poker sites by Card Player Magazine, PokerScout and Techopedia.

Unlike traditional internet poker sites that use fiat currencies, players at CoinPoker bet with Tether (USDT) and the site can take advantage of blockchain to demonstrate that user funds are secure and segregated.

Online poker was rocked in 2011 by the Full Tilt Poker scandal, which involved user funds being mixed with operating assets and the company filing for bankruptcy on the industry’s “Black Friday.”

Many top poker sites are increasingly accepting cryptocurrencies as a deposit method, but CoinPoker is one of a small and growing group that is going “all-in” and accepting them for all action at the poker table. Players can deposit USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin, or its own native token CHP, which grants holders 33% rakeback.

For added security, CoinPoker also uses Fireblocks vaults and decentralized RNG (random number generator) software that allows players to verify randomness after each hand using Ethereum’s Keccak-256 algorithm.

CoinPoker signs Mario Mosböck and Patrick ‘Pads’ Leonard

28-year-old Mario Mosböck, who played as a striker for the Austrian football club Wiener Neustädter SC, has recently made a name for himself in the live and online poker scene.

He now has over $11.7 million in recorded live 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 million.

Source – triton-series.com

Mario player under the username “livinmydream” on CoinPoker, often seen in high-stakes battles in $25/$50 PLO cash games and above.

Patrick Leonard is a former PartyPoker ambassador and currently ranks 38th on England’s all-time money list according to the Hendon Mob Poker database. His total live winnings exceed $3.1 million – including a WSOP bracelet win – and his online winnings of over $19.2 million have often ranked the 35-year-old among the best online MTT players in the world.

https://x.com/padspoker/status/1821575144504172892

Patrick is also a highly respected poker coach, mentoring mid-stakes players to improve their game. Some of the grinders under his wing have gone on to win EPT, WCOOP and SCOOP events.

He describes his goal at CoinPoker as “helping build the safest and best online poker room in the world” and worked with the site to create its Proof of Reserves report.

Proof of reserves on the blockchain

In its PoR report, CoinPoker writes:

“CoinPoker places the highest priority on the security and trust of its customers. Our activities are protected by a Curaçao eGaming license, which ensures compliance with strict regulatory standards. We demonstrate our financial integrity through Proof of Reserves, by having sufficient funds to cover all of our users’ assets. Proof of Reserves refers to the assets we hold for users when they deposit funds into their accounts.

Here we provide evidence that CoinPoker has sufficient reserves to cover all of our users’ assets 1:1, plus some additional reserves. It is important to note that this sum refers only to users’ funds. CoinPoker’s corporate holdings, which are stored in completely separate wallets, are not taken into account when calculating reserves.’

Currently, CoinPoker customers’ deposits amount to about $16 million, and the total reserves to cover these deposits are just under $16.75 million, which is 105% of deposits.

The exact amount of players’ deposits is dynamically updated every few minutes on the coinpoker.com website.

Links are provided to view these funds on the blockchain via etherscan.io, blockchain.com, bscscan.com, and other crypto tracking sites depending on the token.

The majority of funds are kept in cold storage for security reasons, with some in hot wallets to process instant withdrawals – players can deposit and withdraw funds within minutes via a MetaMask wallet or crypto exchange account.

To celebrate the release of the report, CoinPoker also announced an exclusive promotion on the company’s Instagram and other social networks that will allow players to participate in the upcoming $40k GTD Sunday Special tournament for free.

About CoinPoker

Licensed in Curacao and available for free download on Windows and Android devices, CoinPoker offers No Limit Hold’em, Pot Limit Omaha and other game variations in cash game and real money tournament formats.

New players receive a 150% matching bonus up to 2000 USDT on their first deposit and holders of the site’s native cryptocurrency CHP receive 33% rakeback on their play.

Users can open a Coinpoker account here.

Left

This article is for informational purposes only and should not be construed as legal, financial or tax advice. Readers should not rely solely on the information contained herein and should consult their own legal, financial or tax advisors regarding their specific situation. The author(s) and publisher make no representations or warranties as to the accuracy or completeness of the information contained in this article. Reliance on the information provided in this article is solely at your own risk.

contact

CoinPoker
(email protected)

Share article