Hello dears, this time I will explain you what is CoinPocker.
What is CoinPoker?
CoinPoker is a new blockchain-based platform that aims to provide professional and casual players with a more secure way to participate in online poker games on a decentralized distributed network.
basically eliminates the middle man, CoinPoker gives players the opportunity to bet at a very competitive price and promises to run large-scale promotions to increase traffic and ultimately increase the value of appropriate Chip (CHP) tokens / coins. .
CoinPoker is no longer just a simple concept. Service development is complete and the Minimum Viable Product (MVP) is ready to be tested. The team is now ready to launch postICO and plans to further develop the product and bring immediate benefits to CHP purchases. CHP was listed on its first exchange, Allcoin, in February, and has since been listed on other major exchanges such as HitBTC, Kucoin, Idex, and YoBit.
DYOR Useful Information
CoinMarketCap URL: https://coinmarketcap.com/currencies/coinpoker/
Website: https://coinpoker.com/
Coin Name: CoinPoker CPH
Total Supply:-500,000,000 CPH (Document Technology) 44 Supply: 247,272,469 CHP
Market value: 24,781,647 USD
USD Pre Ico Price:-1ETH = 6,600 CHP
Ico Price:-1ETH = 4200 CHP
Tokens / Funds raised through ICO: https104040: -CHP: -CHP: -Technology Report: coinpoker.com/download/coinpokerwhitepaper.pdf? v1801018
Token type:-ERC 20
CoinPoker concept
The online poker industry has experienced quite volatile ups and downs in the past. After its rapid rise in the early 2000s, the implementation of stricter regulations led to the game’s popularity slowly stabilizing, but recent positive policy changes have brought gamers a brighter future. To a large extent, the future can be promoted by adopting blockchain technology. The
blockchain enables developers to overcome many of the major obstacles that hinder the development of the online poker industry, namely, the ability to solve payment processing problems, manage game integrity and generate numbers, fair randomization, and incorporate revolutionary blockchain marketing plans.
CoinPoker aims to help the resurgence of online poker by creating a new global ecosystem supported by players and crypto enthusiasts.
CoinPoker Advantages
CoinPoker Business Plan
CoinPoker Business Plan aims to merge the two worlds of online poker players with the world of cryptocurrency. Doing so can make the game safer, safer and more accessible, while also providing investors with a platform to earn income, which will bring many benefits to both parties in the market. Initially, CoinPoker will generate income by charging a small management fee to develop the network. The underlying cryptocurrency CHP will then be listed on the exchange to allow the secondary market to attract interest and investment from non-poker players.
Payment processing
Some of the main issues preventing the global expansion of online poker are the strict regulations surrounding payment processing, especially in international payments. Blockchain's peer2peer network and its novel cryptocurrency, regardless of geographic location, can be purchased through numerous exchanges, allowing CoinPoker to bypass these regulations and open up play to truly international games.
Traditional poker room payments can also take days or even weeks to process, with some people even sending checks through the mail. Cryptocurrency payments are almost instantaneous and many exchanges can now process transactions in a few hours instead of days.
CHP coin
CoinPoker token / coin, also known as Chips or CHP, is an Ethereum-based coin that can be used for all purchases in the ecosystem. Like ETH, the encrypted CHP will be divisible to 18 decimal points and can be transferred to other currencies.
requires all transactions to be done in CHP, allowing players around the world to get in-game currency while keeping everyone on an equal footing. Since the only way to play internet poker is to use CHP, initial investors who buy coins in an ICO will benefit from the immediate increase in price as demand for coins increases.
Security
Fraud and security scandals also affect the industry, which has affected the reputation and credibility of the poker room. In terms of integrity and fairness, the lack of transparency has always been one of the main flaws of the game. The
blockchain solves this problem and makes it impossible for hackers to tamper with the logs because they are stored on all nodes on the network as untrusted ledgers at the same time.
RNG (Random Number Generation)
Random Number Generation is another important factor, which can be used to generate numbers that are not really random, so they can be used to your advantage. The transparent architecture of the blockchain and its automated smart contracts are used to improve this process. Although the technology is still based on some traditional technologies, the team is working hard to develop a truly random RNG that is completely blockchain-based.
Fair-play plans and initiatives (fairblock)
Modern poker rooms have done a good job of analyzing player behavior to determine ethical behavior, such as multiple players on a team colluding at a table to obtain a advantage over others. The Fairplay security and fraud system implemented by CoinPoker does exactly this, ensuring that all actions are fair and eliminating robots and other hackers to help play the game. The
blockchain's inherent voting system will allow the provision of new designs for products, games and other services based on the needs of the public, and will also allow users to vote on games that may be considered suspicious.
CoinPoker also allows users to run their own referral business in exchange for a revenue share paid in CHP. Those who continue to participate in improving the community will receive coin rewards.
Conclusion, it is a good platform and if you need this type of coin, you can use it.