Mario Mosböck Collaborates with CoinPoker to Develop an Enhanced Online Poker Platform, Featuring PoR on the Blockchain

CoinPoker, an online poker platform, has published a proof of reserves (PoR) report indicating that user deposits are fully backed 1:1 in cold wallets, which can be verified on the blockchain, along with extra reserves in hot wallets to facilitate immediate withdrawals.

Former Austrian footballer and poker player Mario Mosböck has commended the crypto poker site’s initiative to enhance transparency and has joined as a new official ambassador, alongside British professional Patrick Leonard.

In a post on X, Mario Mosböck expressed that their ‘mission is to guide the new leadership team in creating the world’s premier online poker site.’

Access CoinPoker’s proof of reserves report here.

I have partnered with @CoinPoker_OFF as an official ambassador. Together with @padspoker, our mission is to assist the new leadership team in establishing the world’s best online poker room.
This significant challenge will only succeed by serving our community, and we need your support on this journey 1/2 pic.twitter.com/Fk3baV8Dqq

— Mario Mosböck (@mariomosboeck) August 8, 2024

Creating a Leading Online Poker Platform with Cryptocurrency

Established in 2017, CoinPoker is a relatively recent entrant in the crypto poker room and casino market, yet it is increasingly recognized among the top online poker platforms by sources such as Card Player Magazine, PokerScout, and Techopedia.

In contrast to traditional online poker sites that utilize fiat currency, CoinPoker allows players to wager with Tether (USDT), leveraging the blockchain to demonstrate that user funds are secure and separated.

The online poker industry faced significant turmoil during the Full Tilt Poker scandal in 2011, where user funds were mixed with operational funds, leading to the company’s insolvency during the industry’s ‘Black Friday’.

While many leading poker sites are beginning to accept cryptocurrencies as a deposit option, CoinPoker stands out as one of the few that has fully embraced it for all transactions at the poker table. Players can deposit USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin, or its own native token CHP, which offers a 33% rakeback for holders.

Source – coinpoker.com

For enhanced security, CoinPoker employs Fireblocks vaults and a decentralized RNG (random number generator) software that players can verify for randomness after each hand, utilizing Ethereum’s Keccak-256 algorithm.

CoinPoker Signs Mario Mosböck and Patrick ‘Pads’ Leonard

28-year-old Mario Mosböck, who played as a forward for the Austrian football club Wiener Neustädter SC, has recently gained recognition in both live and online poker.

He has accumulated over $11.7 million in documented live tournament earnings, 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 – cardplayer.com

Mario plays under the username ‘livinmydream’ on CoinPoker, frequently participating in high-stakes $25/$50 PLO cash games and above.

Patrick Leonard, a former ambassador for PartyPoker, is currently ranked 38th on the all-time money list for England according to the Hendon Mob poker database. His total live earnings exceed $3.1 million, including a WSOP bracelet victory, and his online earnings surpass $19.2 million, positioning the 35-year-old among the top online MTT players globally.

I’ve joined @CoinPoker_OFF as a strategic ambassador with the aim of assisting the new leadership team in creating the safest and best online poker room in the world. Here is a thread outlining my intentions and how I want you to hold me accountable. I’ll refer to this thread as “I will”

— Patrick Leonard (@padspoker) August 8, 2024

Also recognized as a skilled poker coach, Patrick guides mid-stakes players to enhance their skills, with some of the players he mentors achieving success in EPT, WCOOP, and SCOOP events.

He articulates his objective at CoinPoker as helping to ‘create the safest and best online poker room in the world’ and has collaborated with the site to develop its proof of reserves report.

Proof of Reserves on the Blockchain

In its PoR report, CoinPoker states:

‘CoinPoker places a high priority on customer security and peace of mind. Our operations are protected by a Curaçao eGaming License, ensuring adherence to stringent regulatory standards. We exhibit our financial integrity through Proof of Reserves, maintaining adequate funds to cover all user assets. Proof of Reserves pertains to the assets we hold in custody for users when they deposit funds into their accounts.

Here we provide evidence that CoinPoker has funds held in reserve to cover all of our users’ assets 1:1, along with some additional reserves. It’s crucial to understand that this total of funds pertains solely to users’ funds. CoinPoker’s corporate holdings, which are stored in entirely separate wallets, are not included in the proof of reserves calculations.’

At the time of this writing, CoinPoker customer deposits amount to approximately $16 million, with total assets held in reserve to cover those deposits just under $16.75 million, equating to 105% of deposits.

Source – coinpoker.com

The precise amount of player deposits is updated dynamically every few minutes on the coinpoker.com website.

Links are available to view those funds on the blockchain through etherscan.io, blockchain.com, bscscan.com, and other crypto tracking platforms depending on the token.

The majority of funds are stored in cold storage for security, with some allocated in hot wallets to facilitate instant withdrawals – players can deposit and withdraw funds within minutes via a MetaMask wallet or a crypto exchange account, whether engaged in crypto poker or crypto casino games.

To commemorate the release of their PoR report, CoinPoker has also announced a special promotion for players to receive free entry into the upcoming $40k GTD Sunday Special tournament, shared on their Twitter, Instagram, and other social media platforms.

Celebrating the 1st Public Proof of Reserves in Online Poker!
We’re giving away $2,000 (10 x $200 tickets to the $40k Sunday Proof of Reserves Special)!
To Enter:
• Like & Retweet
• Comment 2+ ways we can further build trust & transparency
Thank you very much! pic.twitter.com/IHjRTtipZm

— CoinPoker (@CoinPoker_OFF) August 8, 2024

About CoinPoker

CoinPoker, licensed in Curaçao, is available for free download on Windows and Android devices, offering No Limit Hold’em, Pot Limit Omaha, and various other game types across real money cash game and tournament formats.

New players receive a 150% bonus up to 2000 USDT on their first deposit, and holders of the site’s native cryptocurrency CHP earn 33% rakeback on their gameplay.
Open a CoinPoker account here.

The article titled Mario Mosböck Partners With CoinPoker To ‘Build The Best Online Poker Site’, Showcasing PoR on the Blockchain first appeared on Cryptonews.