I have learned over time that most crypto currencies aren't going to have any value over the long run. A lot of these new companies that started through Crypto Currency Funding are going to bypass using the crypto coin itself and find ways to use fiat instead. What they care about is becoming main stream and less care for the people invested in their business through crypto currencies. I have not really found any sound investments for awhile. I recently found out about Coin Poker. And being a poker player I began to play on it and read more about it. I wanted to find out is if the coin itself would be important for the eco system and are the people behind it running the site properly.
So I played on it for 2 months now to get a firm grasp of Coin Pokers coin called the CHP token. And this coin HAS to be used to play poker on this site. Finally a crypto coin with actual value built into a ecosystem. So to get CHP you have to buy it from one of the exchanges that carries it. Before you could only get it through ethereum. But now you can buy it with bitcoin too on Yobit and Kucoin that just started carrying CHP token. You have to send it to a personal wallet of yours and send it from that wallet to Coin Poker address so they have a private address to withdraw funds too. You can't do it from an exchange they need your private address from a private wallet. The security seems really strong. Its a little tedious process to set up your account but it is so it wont get hacked. I have not been hacked at all and the wallets been very safe and secure so far. I also asked them if they had any problems with any hacked accounts and so far they have had no problems. They estimated in 5 years as the volume grows on the site and the demand grows to play on the site the coin itself could be worth around 15-20 a piece. Right now they are only like .10. And the great thing about it is the withdrawals have been very fast for me with no problems. You don't even have to write in your wallet address they save it for you. All you do is push a withdrawal button.
What is the greatest thing I love about Coin Poker? Is they got rid of what we hate the most when we play poker. And that is the rake. There is no rake for cash games at all. I have lost 1000s of dollars to rake every single year playing online poker. They completely eliminated it from cash games. Just that alone would want me to play on the site. Its a site Daniel Negreanu would hate to play on cause he loves rake. But for non millionaires we love not having to pay any rake.
Who is behind Coin Poker? Its a lot of very intelligent people that impressed Tony G to the point he is the ambassador of it. Tony G owns Poker News. He is a top of the line business man who understands business very well. He also understands a good product. For him to be apart of this speaks very highly of this team. People think Virtue Poker is going to be great cause they got Phil Ivey on it. Nothing against Phil Ivey, but Tony G is on another level when it comes to making a business run right. Here is video of him talking about coin poker.
So what else does Coin Poker do differently then a lot of other poker sites? They allow americans to play on it. They talk about all these poker sites made through crypto being decentralized then say oh americans can't play on it. Well on Coin Poker you can. They have a site up and running right now with about 100 people playing cash games and about 400 to 500 people in different tournaments. They actually have a product that is ready to use now. Not a bunch of promises from 15 years ago (maidsafe). A product that is out now. And not only that they have apps out already so people can play on their phone. They have new table skins that just came out a few weeks ago. This a very active live group who don't make up stories why things aren't getting started yet, but up and running with new and better features that come out seems like every week.
This is a serious gold mine investment that I am going heavy into. It is your once in a life time opportunity to own a poker site that is ran properly with the right people. Its not some junk site this group of people know what they are doing. And this is coming from someone that has played online poker for over 15 years. This will be the future of online poker. American poker sites are falling apart. They are run poorly with bad software and serious tech issues. Coin pokers software runs smoothly. There is hardly any lag on the site. They have a telegram to answer any questions right away. So I will tell guys I put my stamp of approval on this site. I am very pessimistic person when it comes to a lot of crypto currencies but this one is going to be a serious gold mine.
Video on you tube of Tony G talking about Coinpoker. Be nice and give Ivan a thumbs up he deserves it.
Pictures:
Table skin- World Casino Index
CoinPoker future of poker- poker news
0% rake- coinpoker
tonyg- calvin ayre.com
coinpoker graph- shutterstock
