CoinPoker Signs Mario Mosböck, Patrick 'Pads' Leonard, Releases Proof of Reserves Report

Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets

CoinPoker Releases Proof of Reserves, Signs Mario Mosböck, Patrick Leonard as AmbassadorsCoinPoker has released a proof of reserves report and signed former Austrian footballer Mario Mosböck and British pro Patrick Leonard as official ambassadors.

CoinPoker has released a proof of reserves (PoR) report that shows user deposits are covered 1:1 in cold wallets visible on the blockchain, with additional reserves in hot wallets to process instant withdrawals.

Praising the move by the crypto-based poker site to increase transparency, Mario Mosböck has now joined CoinPoker as an official ambassador, alongside British pro-Patrick Leonard.

In an X post, Mario Mosböck stated the pair’s ‘mission is to guide the new leadership group to build the world’s best online poker site.’

CoinPoker users can read the platform’s proof of reserves report here.

CoinPoker: Building a Top Online Poker Site With CryptocurrencyFounded in 2017, CoinPoker is a crypto poker room and casino that is relatively new to the scene but is increasingly ranked among the top online poker sites by the likes of Card Player Magazine, PokerScout, and Techopedia.

Unlike conventional internet poker sites that use fiat currency, on CoinPoker players bet with Tether (USDT) and the site is able to take advantage of the blockchain to show user funds with a high degree of transparency.

Online poker was rocked by the Full Tilt Poker scandal in 2011, in which user funds were co-mingled with operating funds and the company went insolvent in the industry’s ‘Black Friday.’

Many top poker sites now accept cryptocurrencies as a deposit method, but CoinPoker is among a small and growing contingent to go ‘all in’ and embrace it for all actions at the poker table. Players can choose to deposit with USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin, or its own native token CHP which unlocks 33% rakeback for holders.

For added security, CoinPoker also makes use of Fireblocks vaults and a decentralized RNG (random number generator) software that players can verify the randomness of after every hand, utilizing Ethereum’s Keccak-256 algorithm.

CoinPoker Sign Mario Mosböck, Patrick ‘Pads’ Leonard28-year-old Mario Mosböck, who played as a forward for Austrian Football club Wiener Neustädter SC, recently made a name for himself on the live and online poker scene.

He now has over $11.7 million in recorded live tournament earnings, including a first-place finish at the Triton Super High Roller Series in Jeju for $1.1 million, and a runner-up finish at the 2023 WPT Big One for One Drop for $4.6 million.

Source – triton-series.com

Mario plays under the screenname ‘livinmydream’ on CoinPoker, often seen in high-stakes battles in $25/$50 PLO cash games and higher.

Patrick Leonard is a former PartyPoker ambassador and is currently ranked 38th on the England all-time money list by the Hendon Mob poker database. His total live earnings exceed $3.1 million – including a WSOP bracelet win – and his online earnings of over $19.2 million have seen the 35-year-old often rated among the best online MTT players in the world.

Also, a highly regarded poker coach, Patrick mentors mid-stakes players to improve their games, with some of the grinders under his wing going on to win EPT, WCOOP, and SCOOP events.

He describes his goal at CoinPoker to help ‘create the safest and best online poker room in the world’ and worked alongside the site to produce its proof of reserves report.

Proof of Reserves on the BlockchainOn its PoR report, CoinPoker writes:

CoinPoker prioritizes customer security and peace of mind. Our operations are safeguarded by a Curaçao eGaming License, ensuring compliance with strict regulatory standards. We demonstrate our financial integrity through Proof of Reserves, holding sufficient funds to cover all user assets. Proof of Reserves refers to the assets we hold in custody for users when they deposit funds into their accounts.

Here we provide proof that CoinPoker has funds held in reserve to cover all of our users’ assets 1:1, as well as some additional reserves. It’s important to note that this sum of funds refers only to users’ funds. CoinPoker’s corporate holdings, which are stored in wallets completely separately, are not factored into the proof of reserves calculations.

現時点で、CoinPoker 顧客の預金総額は約 1,600 万ドルで、これらを補うために留保されている総資産は 1,675 万ドル弱で、これは預金額の 105% に相当します。プレイヤーの正確なデポジット額は、coinpoker.com Web サイトで数分ごとに動的に更新されます。

ブロックチェーン上のこれらの資金を表示するためのリンクが提供されています

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