CoinPoker Responds to Poker Bot, Security Issues Allegations

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Just a few weeks ago, CoinPoker’s real money tables went live and the site is celebrating by running a number of generous promotions. However, according to writer and GameIntel Managing Editor Alex Weldon, these generous promotions have been contributing to the cryptocurrency-based online poker site’s bot-driven player traffic. Weldon also believes that CoinPoker is struggling with security protocols on the site.

Alex Weldon first wrote about this on a March 17 article title ‘CoinPoker’s Traffic is a Farce’ in which he detailed the findings from his research of the traffic numbers for GameIntel – the company that supplies data to PokerScout, an established website that tracks online poker traffic of nearly all online poker sites.

Weldon’s research was apparently prompted by what he describes as “abnormal traffic patterns.” For instance, he noticed that a number of players were simultaneously playing a number of tables for hours at a time. Furthermore, the said set group accounts dominated the huge volume of gameplay with a significantly small number of other players getting in on the action from time to time.

The players that caught Weldon’s eye all played at minimum stakes for each of the site’s leaderboard levels with each of the level of the leaderboard having nearly the same of player at the tables, though with different names. The wagering patterns of the massively multi-tabling players made Weldon even more suspicious as they seemed to be making programmed decisions.

CoinPoker’s initial response was the closure of three accounts as further investigations are carried out. The site’s officials also pointed out that “Malicious poker bots have not been a significant issue thus far, but we will continue to investigate the problematic accounts that pop up on our leaderboard.” Still, CoinPoker’s security protocols and the site as a whole have been subject to a number of questions.

To further prove their dedication to handling the issue as expected, the online poker operator decided to limit the number of simultaneously played tables to 8 per player. In addition to this, the site plans to integrate a verification tool called Civic to their platform.

“With these measures in place, we can, with a high degree of confidence, say that our final leaderboards reflect players who have played fairly and worked hard to win prizes in our current 5MM CHP Giveaway Promotion,” they wrote.

On the issue of security protocols that was a key concern for many of the stakeholders of the poker site, CoinPoker confirmed that the launch of its peer-to-peer security system was still scheduled for October this year. The new security system will be replacing the existing security system that runs on a hybrid platform that combines standard online gambling security measures and blockchain technology

CoinPoker to Launch Stage 1 of Its ICO on January 19

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CoinPoker, the growing cryptocurrency-based online poker room that was launched in late 2017, has announced that its Stage I Initial Coin Offering (ICO) will be launching on January 19th at 1000 HRS GMT. This stage of the poker room’s ICO will offer 127.5 million CHP tokens for sale at a price of 1 ETH to 4,200 CHP – CHP is the digital currency that CoinPoker uses on its platform. So far, there is a lot of optimism going around especially considering how successful the November 16 to November 22 pre-ICO launch was. CoinPoker sold out a whopping 100 million CHP tokens in six days at a great price of 1 ETH to 6,600 CHP.

As such, the Stage I ICO is attracting a lot of attention and interest from a lot of people with some even submitting whitelist registrations with hopes of hopping on to the early buyers’ list during the January 5 to January 15 open period. This stage of CoinPoker’s ICO will run until January 26 but the time will definitely be extended in case the offering is not fully sold out by then. After that, there are plans for a Stage II ICO where the online poker room will be offering another 137.5 million CHP at a price of 1 ETH to 3,500 CHP. An official date for the Stage II ICO is yet to be announced but once it is completed, CoinPoker will have distributed 375 million CHP tokens which represent 75 percent of its total supply of 500 million CHP token.

As an incentive, CoinPoker will be returning 15 percent of the tokens collected throughout the entire span of the ICO to its community. This will be done through real-money tournaments with one of the closest being scheduled for January 21st and will include a Tesla S worth £71, 000 as the top prize.

Swimming in Success

CoinPoker also launched its real-money games and promotional campaigns shortly after the pre-ICO in November – among them is a freeroll series where the prize will be 5 million CHP tokens. Both the promotions and the real-money games became huge successes with the CoinPoker online poker room already having up to 30,000 unique registrations as well as 20,000 MVP downloads.

The online poker room also now boasts of over 4,000 unique daily players as well as 15,000 CHP token holders. All this is thanks to the experienced CoinPoker staff who have been very diligent about fixing existing bugs and improving the platform’s stability. Community relations have also played a key role in its success as the staff strive to optimize outreach via various social media platforms. Additionally, the site has a very strict security policy that makes it a great place for poker players who are very keen on this aspect. Customers are further allowed to get involved in all this by giving their suggestions and stating their preferences in regards to what the platform should improve on.

CoinPoker and Crypto: The Future of Online Poker?

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Cryptocurrencies have seen a tremendous growth in general use over the past couple of years – a reality that has faced equal amounts of criticism and acceptance.

Bitcoin, for instance, has reached record highs in terms of its price even though there have been concerns raised about the rogue nature of the cryptocurrency. Nonetheless, CoinPoker, a fairly new cryptocurrency-loving poker site seems to be exploiting this opportunity and it has gone as far as launching a new poker site that is set to revolutionize the casino industry.

The unexpected pre-ICO launch of CoinPoker’s new cryptocurrency-based poker site has already attracted a lot of attention from online poker enthusiasts as well as the cryptocurrency communities.

With a 100 million CHP token hard cap, CoinPoker further offers a 30% bonus with the price of a CHP token standing at 0.05 EUR as of this day (November, 19th 2017).

The online poker platform’s real money gaming features are, however, scheduled to be officially launched at the beginning of January 2018 with added enhancements to eliminate unfair games using the best block chain technology in the market.

As of now, players can enjoy CoinPoker’s free play software that brings back the fun, competitive and transparent poker games that every poker player craves for.

Isabelle Mercier, a renowned member of the poker industry and CoinPoker representative assures players that CoinPoker’s mission is to deliver poker games that can be termed as transparent, trustworthy and, most of all, safe.

But she is not the only big name in the poker industry that is backing CoinPoker’s bold approach towards turning the tides of the poker industry – Legendary poker player, politician, celebrity and entrepreneur Antanas “Tony G” Guoga has stepped up to support the initiative.

On November 12, 2017, Tony G openly declared his approval of the cryptocurrency-based poker platform in a tweet while bashing systems used by many online poker operators currently.

“Poker is my passion. I love this game. But online #poker is sick and some things need 2 be changed there. Blockchain & cryptocurrency could make poker trustworthy again. That’s why I am backing idea #blockchain #cryptocurrency #ico”

CoinPoker aims to provide remedies to many of the problems that have plagued the online poker industry which included transparency and fairness in gaming logic, transaction speeds as well as other issues revolving around the payment services used by most online poker sites.

Equally as important is their global accessibility agenda which intends to utilize blockchains to guarantee the transparency of their Random Number Generators (RNG) and CHP (CHIPS) – which is based on Ethereum – as their in-house gaming currency.

Essentially, this implies a tight fairplay security system and an unbeatable anti-fraud system, both of which are to be implemented on a global scale.

CoinPoker’s pre-ICO should end by the 1st of December after which the remainder of the ICO will be picked up and implemented within the first quarter of next year. More detail on this is available on their website along with an introductory video and an equally detailed white paper.