Cryptonia - A Blockchain Powered Poker Platform

Mei 15, 2018

Cryptonia - A Blockchain Powered Poker Platform

The game of crypto currency is becoming a new trend in online poker. The development of blockade technology and the promotion of new poker rooms through the ICO (collection of invistations through the initial placement of coins) opens up new opportunities for the gambling industry. The game on crypto currency has a number of advantages: instant input and output, absence of a payment system commission, there is no risk of account blocking and access to gray markets.

Using the technology of blockchain in the rooms is beneficial for the players. For example, a blockchain can help in creating a random number generator that each player can check. The loyalty program of the room and many other key moments of the poker room functioning can be based on blockchain.

Cryptonia Token is a peer-to-peer payment system, where absolutely all transactions are conducted without intermediaries. And neither the banks nor the local authorities are able to block, cancel or track the perfect performance.

Cryptonia Token is completely anonymous. And payments in this system are quick and, as a rule, with very low commission or without it at all.

Therefore, there is nothing surprising in that in the gaming industry began to appear poker rooms that provide the opportunity to play for crypto currency.

As more and more poker enthusiasts get tech savvy and more mobile-based platforms are coming up, the Online
Poker market is growing at a fast rate.

Ease-of-play, convenience and safety of funds are the main factors that decide the success of any Online Poker room.

Introduction of blockchain technology brings the potential to take online poker to the next level, by improving the transparency and Fair play factors.

Issues So Far faced by the Gambling Industry;

Historically there have been issues that have bothered online gamers, even though the market still is going strong with many new players from existing and new regions joining poker rooms. Due to certain legislations in some parts of the worlds and due to rigid payment providers, liquidity available in the market fell, which affected the dynamics of poker rooms around the world. Fall in the number of players or in their liquidity in restricted regions tend to have a ripple effect on the rest of the market, too. Besides this, issues like poker room scandals, transparency issues, lack of security, and rigged control of poker accounts negatively affected gamers trust. Following are a few issues that occurred in the past, and how we have made an effort to overcome them for our online poker players.

Control Over The Withdrawal Of Funds

Delays and rigidity in funding of poker accounts and withdrawal of funds discourage players from playing online. Often there are various bank regulations, requirements of payment processors, and rules set by poker rooms that reduce players’ control over their own funds. In extreme cases, funds were frozen or accounts banned, and in some cases, the transaction charges were very high.

In the next few sections we will cover how Cryptonia Poker has addresses these issues

The Game Logic Is Unclear

Poker is all about fair play, and there have been instances of rigged or fraudulent poker rooms who minted money at the expense of recreational players. Some issues related to technology cover doubts regarding random number generation and fraudulent rooms hosted by some poker room companies.

Fraudulent Or Biased Practices

A good poker room not only ensures that there is transparency in play, random number generation and fairness in technology, but they also audit the play of the players in their poker rooms. They ensure that no person, bot or group of players are playing individually or in collusion at the expense of recreational players. Smart-money pump in by such fraudulent entities have been a cause of concern among online poker communities. Fair play rooms also ensure that they do not give undue advantage to big players in the poker rooms.

Cryptonia Poker’s business plan;

Our two main revenue sources are:

• We retain a small administration fee as rakes when our users purchase Cryptonia tokens. This is done to cover our admin and operational costs, much like traditional poker rooms.

• The cryptocurrency used in our poker rooms is also listed on exchanges, and will grow in value with the strengthening of the platform and its ecosystem, which means that we will grow only when our customers believe in us and extract value from the poker rooms.

Movement Of Funds ;