Mario Mosböck Partners With CoinPoker to Create the Best Online Poker Site on the Blockchain
Date: 2024-08-29 Author: Oliver Abernathy Categories: BLOCKCHAIN
The hot wallets hold additional reserves for instant withdrawals.
Former Austrian footballer and professional poker player Mario Mosböck has been named the new official ambassador for CoinPoker, alongside British pro Patrick Leonard. In a post on X, Mosböck stated that their mission is to guide the new management to create the best online poker site in the world.
Building a Top Online Poker Site Using Cryptocurrency
Founded in 2017, CoinPoker is a relatively new crypto poker room and casino that has already been rated as one of the best online poker sites by sources like Card Player Magazine, PokerScout, and Techopedia.
Unlike traditional poker sites that use fiat currencies, CoinPoker allows players to wager using Tether (USDT), and the site is able to use blockchain to demonstrate security and segregate user funds.
The online poker industry was rocked by the Full Tilt Poker scandal in 2011, when user funds were mixed with the company’s operating funds, leading to its bankruptcy on what is known as the “Black Friday” of poker.
While many top poker sites now accept cryptocurrencies as a deposit method, CoinPoker is one of the few that has fully integrated them into the gameplay. Players can deposit using USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin, or their native CHP token, which offers 33% rakeback.
For security, CoinPoker also uses Fireblocks storage and decentralized random number generator (RNG) software that players can check after each hand using Ethereum's Keccak-256 algorithm.
Mario Mosböck and Patrick Leonard join CoinPoker
Mario Mosböck, 28, a former striker for Austrian football club Wiener Neustädter SC, has recently become a household name in the world of live and online poker. His achievements include a first place finish at the Triton Super High Roller Series in Jeju for $1.1 million and a second place finish at the WPT Big One for One Drop 2023 for $4.6 million.
Patrick Leonard, a former PartyPoker ambassador, is currently ranked 38th on the Hendon Mob’s all-time money list in England. His total live tournament winnings exceed $3.1 million, including a WSOP win, and his online winnings exceed $19.2 million.
Leonard aims to help create “the safest and best online poker room in the world” and collaborated with CoinPoker on their Proof of Reserves report.
CoinPoker’s report states:
“CoinPoker prioritizes customer security and peace of mind. Our operations are protected by a Curaçao eGaming license, ensuring that we meet strict regulatory standards. We demonstrate our financial integrity through Proof of Reserves, holding sufficient funds to cover all user assets.”
At the time of writing, CoinPoker has approximately $16 million in customer deposits, with total assets in reserve to cover them at just under $16.75 million, or 105% of deposits.
The exact amount of player deposits is updated every few minutes on coinpoker.com, and users can view this data on the blockchain through sites like etherscan.io and others.
The majority of funds are kept in cold wallets for security, while some are kept in hot wallets to handle instant withdrawals. Players can deposit and withdraw funds within minutes using a MetaMask wallet or crypto exchange account while playing crypto poker or casino.
