CoinPoker all for transparency, publishes Proof of Reserves
Established in 2017, CoinPoker has since joined the roster of online poker platforms with its blockchain technology based gaming, ensuring easy accessibility for all players worldwide. Just this week, the crypto-only site published a Proof of Reserves (PoR) report revealing user deposits to be fully backed 1:1.
The move promotes trust and transparency for customer assets all around, with the report revealing a breakdown covering the entire $16,286,382 player deposits made on the client. A bulk of which are stored in cold wallets, and topped with additional reserves totalling to $17.1 Million (105% of deposits), to facilitate instant withdrawals. Completely segregated from corporate holdings, players are made certain that their assets are safe and secure under the relatively modern system.
“CoinPoker prioritizes customer security and peace of mind. Our operations are safeguarded by a Curaçao eGaming License, ensuring compliance with strict regulatory standards. We demonstrate our financial integrity through Proof of Reserves, holding sufficient funds to cover all user assets. Our decentralized RNG ensures game fairness, and our partnership with Fireblocks provides cutting-edge digital asset security. By combining rigorous regulatory compliance, advanced technology, and transparent practices, CoinPoker delivers a trustworthy and reliable gaming experience.”
On top of its recent disclosure, CoinPoker has also partnered with high profile pros Patrick Leonard and Mario Mosböck, in full support of the site’s mission to promote user safety and security. The two new ambassadors were quick to take to social media in vocalizing their focus “to guide the new leadership group to build the world´s best online poker room.”
I've joined @CoinPoker_OFF as a strategic ambassador with the mission of helping the new leadership group create the safest & best online poker room in the world. Here is a thread about my intentions and how I want you to hold me accountable. I'll call this thread "I will"
— Patrick Leonard 🫡 (@padspoker) August 8, 2024
I partnered with @CoinPoker_OFF as an official ambassador. Alongside @padspoker our mission is to guide the new leadership group to build the world´s best online poker room.
This huge challenge will only succeed by serving our community and we need your help on that path 🧵 1/2 pic.twitter.com/Fk3baV8Dqq— Mario Mosböck (@mariomosboeck) August 8, 2024
Aside from the network’s transparency efforts, CoinPoker is similarly attentive to customer security measures with the site upholding a Curaçao eGaming License as a testament to its adherence to stringent regulatory standards and legal compliance. The site likewise guarantees player funds to be under the highest standard of digital security with its partnership with Fireblocks, eliminating single points of failure while providing blockchain-agnostic security across various assets. In addition to its commitment, the top crypto client also utilizes a fully audited and decentralized random number generator (RNG) software, boosting fairness and transparency across its games.
About CoinPoker
Developed by an ambitious team of poker lovers, CoinPoker is a revolutionary blockchain technology-based platform. Instant and secure transactions using USDT, ETH, BTC or CHP tokens and no KYC checks – the privileges players get, together with huge promotions giving away thousands in value each week. CHP is the currency of the CoinPoker economy. It provides players with exclusive benefits and supports future developments delivered to the community.
