A former Austrian football player has transitioned into a professional poker player and joined a company to enhance transparency and improve the poker experience.
CoinPoker is an online poker platform known for its innovative use of blockchain technology. It has released a Proof of Reserves (PoR) report, demonstrating its commitment to transparency and player safety. The report confirms that all user deposits are fully backed by assets in cold wallets, which are visible on the blockchain, with additional reserves in hot wallets for immediate withdrawals.
Further news is that former Austrian football player, now professional poker player Mario Mosböck, along with British professional poker player Patrick Leonard, have joined CoinPoker as official ambassadors. Their goal is to guide CoinPoker to become the world's best online poker site, focusing on enhancing transparency and security for all players.
Founded in 2017, CoinPoker quickly became a top online poker site, earning rankings from Card Player Magazine, PokerScout, and Techopedia.
Unlike traditional poker sites, CoinPoker operates entirely with cryptocurrencies, allowing players to bet using Tether (USDT), Bitcoin, Ethereum, and other major cryptocurrencies. This method not only enhances security but also ensures that user funds are segregated and protected from potential insolvency issues.
In addition to the PoR report, CoinPoker also uses Fireblocks vaults for secure storage and decentralized RNG software (verified through Ethereum's Keccak-256 algorithm) to ensure fair competition.
Mosböck has earned over $11.7 million in live tournaments, while Leonard is one of the top online poker players globally. They bring their expertise to CoinPoker, helping the site achieve its goal of being the safest, most transparent online poker platform. CoinPoker's PoR report shows that the site holds approximately $16.75 million in assets, covering $16 million in customer deposits, ensuring a coverage ratio of 105%.
Most of these funds are stored in cold wallets, with a portion in hot wallets for immediate withdrawal. Players can verify these reserves in real-time through blockchain explorers like Etherscan and Blockchain.com.
