[CoinPoker] - Ex-Official - Bringing the Game Back to Players
Hello Everyone,
This is the Official Thread of CoinPoker (previous thread)
CoinPoker: The Decentralized Poker Room Built for Players, by Players
Developed by an ambitious team of poker lovers, CoinPoker is a revolutionary platform that uses blockchain technology to address key issues in the poker industry. Despite being far from our vision for CoinPoker as the biggest poker room in the world, our team is proud to be the first project of its kind to deliver on the promises made during its ICO period.
Lengthy payment processing, limited transparency on fair play, as well as a blase attitude towards community feedback are just some of the prevalent problems in today’s online poker world. Since CoinPoker launched at the end of 2017, it has attracted a growing community of players and investors who share the same goal of bringing the game back to players.
Using Decentralized Technology to Ensure Fair Play
One of the key benefits of the blockchain movement is that it empowers users by adding transparency and convenience to traditional services. Poker rooms in particularly reserve the rights to hold player funds and release them at their own discretion, and as a result of complex payment systems simple transfers can be delayed by as much as weeks.
The Benefits of Cryptocurrency Powered Bets
All deposits, withdrawals, and bets on CoinPoker are powered by the cryptocurrency token CHP (Chips). The use of CHP speeds up payments, and gives players the ability to track payments to and from their account on the public Ethereum network.
CHP token holders are able to quickly move funds to and from their CoinPoker account, and for passionate advocates of the project it is a means to invest in the platform as it continues to grow and expand. It is also possible to exchange ETH tokens to CHP inside the CoinPoker app, making it as easy to acquire as one of the most popular assets on the crypto market.
Available on a growing list of exchanges including KuCoin and HitBTC, CHP tokens are in the process of being adopted by other gaming businesses in the near future.
Player Impact Shown on a Decentralized Random Number Generator (RNG)
Fast payment processing is not the only way CoinPoker wields decentralized technology for the benefit of the player. Random number generators (RNGs) used to shuffle decks in a variety of card games (poker included) have often been scrutinized by players as mysterious and, as a result, they are often approached with suspicion.
Trust is essential between a player and poker room for the experience to be optimal, which is why CoinPoker will be introducing a fully decentralized RNG this year. The feature will be the first of its kind in the poker industry, and will give players the possibility to view their impact on dealt hands in a visual dashboard alongside hand history.
Internationally Accessible on Desktop and Mobile
Players from all over the world are able to access our desktop client, and our launch of an Android app has already resulted in thousands of players hitting the tables while on the go. Coming soon is the release of the CoinPoker app for iOS, which we expect to release this summer.
CoinPoker’s Community-Centric Business Model
Central to our operations is carefully monitoring feedback from our players. The success of our ICO is owed to a diverse group of small and large investors, many of whom are now active players, and we feel a strong obligation to make sure their needs and wants are met.
This is why we have invested heavily in hosting epically proportioned promos from the get-go, in line with the promises made during the ICO period.
Millions of CHP Awarded in Large Scale Tournaments and Promotions
Since launching, CoinPoker players were given the opportunity to win a Tesla, collect over 400ETH in various tournament series like ETH Madness, participate in a 10,000,000 CHP Added Crypto Series of Poker (CSOP), and win millions of CHP in daily freerolls
and freebuys.
Introducing Rake after Operating Rake-Free Since the 2017 Launch
After boasting zero rake on games for over half a year, CoinPoker will be introducing rake as a means to facilitate future growth. The revenue will be allocated towards future promotions, development costs, and the funding of new and ongoing partnerships with leading poker associations to establish our brand and give players exciting opportunities to play across the globe.
Community is the Key to CoinPoker’s Success
If you’re an active player, investor, or curious passerby please feel welcome to [U][COLOR="Blue"]join our community on T... or [U][COLOR="blue"]check out our blog[/COL... for the latest news on promotions, app updates, and partnerships as CoinPoker reaches for the moon.
Our Community Manager Nathan will keep an Eye on this Thread so if you have any Questions regarding CoinPoker & CHP feel free to ask and He would be happy to help you.
We Thank you for being Part of Our Amazing Community,
The coinpoker team
You can check our One Pager here:
** Mod Edit - Previous official thread: https://forumserver.twoplustwo.com/28/in...
Sorry if this has been discussed before, but what was the rationale behind 7 handed tables?
The 4 handed tables are nice but don't run that often, and 7 handed 2 blind poker is pretty lame (even with the ante).
Sorry if this has been discussed before, but what was the rationale behind 7 handed tables?
The common view is it is to dick skilled players over.
If a typical "good" table is one bad player and the other players trying to profit off that one bad player, then at commonly offered 6 handed tables you have 5 players splitting that 1 bad players loss. But with these bullcrap 7 handed tables, that GG Poker is now also using, you are now left with 6 players splitting that 1 bad players loss. You as a winning player get less of a share of the bad player at 7 handed.
The common view is it is to dick skilled players over.
If a typical "good" table is one bad player and the other players trying to profit off that one bad player, then at commonly offered 6 handed tables you have 5 players splitting that 1 bad players loss. But with these bullcrap 7 handed tables, that GG Poker is now also using, you are now left with 6 players splitting that 1 bad players loss. You as a winning player get less of a share of the bad player at 7 handed.
This explanation doesn't really make sense. The ratio of good/bad players doesn't depend on table size. If exactly 1/6 players are fish, a 6 handed table will have an average of 1 fish, and a 7 handed table will have an average of 1.17 fish. And if the 7 handed tables are meant to screw over skilled players, what are the 4 handed tables for? By the same logic, it should benefit them since now only 3 players are splitting the fish's loss.
This explanation doesn't really make sense. The ratio of good/bad players doesn't depend on table size. If exactly 1/6 players are fish, a 6 handed table will have an average of 1 fish, and a 7 handed table will have an average of 1.17 fish. And if the 7 handed tables are meant to screw over skilled players, what are the 4 handed tables for? By the same logic, it should benefit them since now only 3 players are splitting the fish's loss.
The Coin Poker switch from 6 handed to 7 handed was around April, 2023. I have no clue when these 4 handed tables began, but it didn't have to be at the same time or for the same reason, which you seem to incorrectly be assuming.
4 handed tables are better for skilled players as you share the bad player with less players. Just as taken to the extreme, heads up tables are best for skilled players as you get the bad player to yourself. Over a decade ago now, in the Pokerstars thread, Pokerstars Steve or whoever it was talked about internal data showing how the fish get destroyed extremely fast as the number of players at the table decreases. Many sites have thought to get rid of heads up tables and some have. From the poker sites point of view, it might be seen as a protect the fish so their money lasts longer and get raked more often. But from from a player point it is what I said. You thinking this makes no sense with your fractional fantasy is your own issue. Even Jnandez, a sponsored Coin player, has discussed the players per fish point more than once in a recent YouTube videos if anyone wants to go find it and timestamp it.
Edit time expired, but I haven't seen any poker tables with 7.17 seats. If you were to choose between a poker site with 6 handed tables or a poker site with 7 handed tables, then you would be better off at the 6 handed table poker site. And damn I haven't even talked about rake much here, but I don't think anyone is mistaking Coin Poker for a low rake site, which makes the above points even more important in players per fish.
so what's going on with the CHP token? wasn't a new launch coin supposed to happen at the beginning of this year?
