Hello cryptos and Poker lovers,
Looking for some pearl in which to put some EOS, I found a relatively new project, it has been working for a couple of weeks and the truth is that it has left me hallucinated.
This thread is dedicated to both investors and speculators with cryptocurrencies and poker players, perhaps it is more interesting for Poker players than for investors.
I know how to play poker, the basics, but I am sure that I would lose money in the long run, quite the opposite of those who dedicate themselves to this.
The project is called POKERKING. It is a project with its own token that will be undermined as EOS bets on the tables. You play against other users, never against the machine, which is important, in addition to the game being quite fluid from what I have seen watching the tables.
For investors in crypto:
The attraction is that 50% of the profits are distributed among the holders of your token, so buying KING and stakear tokens on the page gives you daily dividends. Currently, the ratio is approximately 1 EOS per million KING in stake, it is totally variable because it depends on the game.
They have a boat that is storing that 50% of EOS to be distributed and 3% of the boat is distributed daily, thus it is encouraged that the tokens are not unstake (it takes 24 hours).
As I said, it is a relatively new project, and the boat, day after day, grows, but it is also true that the rate of mining of the token is high and they are staked at the same rate as they accumulate, hence the dividends are 1 eos per million tokens more or less, although it is rising slowly.
The good thing about the EOS network is that it is all very transparent, it is easy to see which accounts play, who plays the stake, who wins, who loses ...
It is something different to the projects that are known in crypto, the EOS network gives a lot of play.
Another point in favor, is that the team devotes 10% of its 50% of profits to a program of repurchase of tokens, taking them out of circulation, of course, for now they are not burning, they put in stake, something that the community He has already told them that he does not convince.
What I do not like about the project, from what I have seen now, is that the mining halvings are not cut in half as we know in other projects, but that the mining reward is reduced (started 1 EOS -> 100 KING ) of 10 in 10 KING. For the players it is an advantage but for the investors, according to what I am seeing it has two disadvantages:
The value of the token is quite stable, it can be good or bad as seen, it is around 0.0001 EOS.
The mining advances very fast and many tokens come out to circulation. The good thing is that, as I mentioned, they get into stake and the dividend payout is growing at the same rate as mine and will increasingly grow by decreasing the tokens that come into circulation with each halving.
To buy the tokens I used newdex, which is a decentralized exchange that works very well, with Scatter, like everything in the EOS network.
For POKER players:
The interesting thing for the POKER players is that, according to what a friend who plays according to what he has been observing, is that the level is quite low in the players. In addition, it has the advantage of anonymity on the web, you only see the nick of your account, and that you can bet on EOS is a plus.
Another advantage is the rake, which as it is played, decreases, there are levels that motivate to play more, being increasingly profitable for the player.
As I said at the beginning of the thread, to play, you win tokens, so you also earn money out there.
The project is relatively new, so you can only be at a table now, something that poker players do not usually like. The team says it is developing that you can be at several tables at once, which is good for players and investors.
A regular point, according to my point of view, is that the minimum bets are low for some players. I do not play and the truth is that I do not think so but some friend who follows Poker has commented to me that they are somewhat low.
Conclusions:
It's a project that I really like, it's the first real page to play PVP (players vs players) with crypto.
The EOS network gives a lot of transparency to the game, as I said, you see all the bets, who plays, wins, loses, staves, unstakes, etc., etc. It has surprised me for good, besides that all transactions are instantaneous and free, it is the ideal network for the game.
Creating an account on the EOS network is a bit complicated, I advise using Scatter, which is a program to use the network very easily. You logue in Scatter and you can access the network in all the websites that interact with the EOS blockchain. For a poker player who has never used crypto it can be a bit of a mess, but it is not complicated for a person moving through the crypto universe.
The purchase and sale of tokens in newdex is very simple as well as the interaction on the web, always with Scatter.
If you become a reference in the crypto Poker, being the first to have PVP can give a good pitch.
The team interacts a lot in telegram with the users and they are receptive to make some improvements that are proposed, it seems that they are working on them. Soon it will be seen whether they comply or not, it does not look bad.
Poker players who want to play and do not have a crypto should create an EOS account on Scatter, buy bitcoin with euros on some page such as Coinbase, Kraken or Bitstamp, transfer those bitcoin to EOS and send them to their EOS account, and that they will be able to play.
EOS accounts are a word, not an address of numbers and letters as they are in almost all crypto, which leads to better identify players and investors to continue their bets.
Links of interest:
https://www.pokerking.one/?ref=yosoytupadre PokerKing page (includes my referral, if there are poker players that use my link, I gain additional 10% of their rake)
https://get-scatter.com/ To download Scatter
https://t.me/PokerKing_official Telegram Group
https://eosflare.io/ is a block and account browser
With any doubt write, if I can solve it I will do it. If someone has problems creating an EOS account, leave a comment.