Former Austrian footballer turned poker professional joins company to elevate transparency and improve the poker experience.
CoinPoker, the online poker platform known for its innovative use of blockchain technology, has released a Proof of Reserves (PoR) report, demonstrating its commitment to transparency and player security. This report confirms that all user deposits are fully backed by assets held in cold wallets, visible on the blockchain, with additional reserves available in hot wallets for instant withdrawals.
In further news, Mario Mosböck, a former Austrian footballer turned poker professional, has joined CoinPoker as an official ambassador, alongside British poker pro Patrick Leonard. The duo aims to guide CoinPoker in becoming the world’s best online poker site, focusing on enhancing transparency and security for all players.
Founded in 2017, CoinPoker is quickly gaining recognition as a top-tier online poker site, with rankings from Card Player Magazine, PokerScout and Techopedia. Unlike traditional poker sites, CoinPoker operates entirely with cryptocurrency, allowing players to bet with Tether (USDT), Bitcoin, Ethereum and other major cryptocurrencies. This approach not only enhances security but also ensures that user funds are segregated and protected from potential insolvency issues.
In addition to its PoR report, CoinPoker uses Fireblocks vaults for secure storage and a decentralised RNG software, verified through Ethereum’s Keccak-256 algorithm, to ensure fair play. Mosböck, who has over $11.7m in live tournament earnings, and Leonard, one of the top online poker players globally, bring their expertise to CoinPoker, helping the site achieve its goal of becoming the safest and most transparent online poker platform. CoinPoker’s PoR report reveals that the site holds approximately $16.75m in assets to cover $16m in customer deposits, ensuring 105% coverage. The majority of these funds are held in cold storage, with a portion available in hot wallets for instant withdrawals. Players can verify these reserves in real-time through blockchain explorers like Etherscan and Blockchain.com.