IСO [10 April, 2018 - 01 Jul, 2018]

There can be little doubt about the popularity of poker as a game, and the Internet has just helped it to explode onto the scene in ways that people could just not imagine. Of course, it also means that there is a significant amount of money circulating in the entire industry, so it does then make sense to go ahead and incorporate a cryptocurrency as a payment method.

This is the exact industry that Cryptonia Poker is seeking to move into, and it seems that they have some pretty positive intentions surrounding their product and service.

The new project as the name suggests, is providing an online poker platform that is ultimately being powered by the blockchain. Built into it is a digital currency with a number of different advantages and differences to the various other platforms that are out there and offering something pretty similar.

They state that they will seek to offer competitive rakes, various discounts to players, and will constantly seek to promote their business since this will then also drive up the price of the digital token that the company has created.

The platforms approach is to provide absolute transparency at all times as well as use the security of the blockchain to encourage more players to take part. There is also less need to worry about crossing borders and as it uses a digital currency then it does mean that certain laws regarding gambling are not going to apply. 

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.

Cryptocurrency is used in poker rooms

In Cryptonia Poker's room, gamers can play with Cryptonias, which is an etherum-based token. Cryptonia is a cryptocurrency that started for our poker room.

These can be bought and sold from anywhere in the world. However, Cryptonia can be used to play poker only from areas where online poker is legal, licensed, and not governed by local law.

With an easy money transfer system, people from different regions can play online poker, and eterum-based currency helps minimize transaction time, add player liquidity, and thereby make ecosystems more efficient. 

The Advantages of Cryptonia Poker

The advantages associated with the project are clear to see. Aside from the fact that their digital currency is used as the gambling currency instead of fiat options, using the Ethereum blockchain for the platform is also a huge advantage. This platform allows for the potential to scale it up accordingly while also using the various security features that come with it. When you then tie that in with the security aspects of their own software, then this is a platform that can indeed be trusted.The fact that they have eliminated bots is clearly going to be beneficial as well and lead to a fairer game at all times. 

Business model

The new platform aims to become profitable with the 2 following methods:

• A small admin charge or 'rake' will be charged for each game, this is common with all poker websites, the fee they've set is just 3% which is much lower than their competitors.
• The new platform will have it's own token which should grow in value as the platform becomes more popular.

35% of the platforms profits will also be distributed back to users, the amount each user receives depends upon the amount of points they've earned on the website, this provides a clear incentive for users to play more often. 

About ICO

Cryptonia Poker is ready to launch. Cryptonia is the official currency on the platform. We started with ICO (Initial Cryptonia Offering), where players can buy 75% of our tokens.

In addition, 20% is provided for business promotions and tournaments that will add value to our customers' ownership, and 5% will be available to promoters, management and advisors to continue adding values to the platform.

Pre-ICO
10 - 30 April
price 1 ETH ~ 11,000 CPC
Soft Cap 45 000 000 BPK
Hard Cap 200 000 000 BPK

Stage 1
1 - 30 May
price 1 ETH ~ 7,000 CPC
Soft Cap 70 000 000 BPK
Hard Cap 275,000 000 BPK

Phase 2
1 June - 1 July
price 1 ETH ~ 5.800 CPC
Soft Cap 90 000 000 BPK
Hard Cap 275,000 000 BPK
 

ROADMAP 

Conclusions  

It is advisable to take advantage of the revenues from the possible increase in the cost of Cryptonia in the crypto market and the winnings from the bonuses, games and prices will be very attractive to many, especially for online poker players. The predicted success is given if a huge number of gamers and investors support this idea. But in order to constantly support this success and attract more people, Cryptonia Poker should be very lenient in implementing its fair play and security policy for each user.

To contribute and Know the progress of this offer, you may visit some of the following Links:

WEBSITE || WHITEPAPER || FACEBOOK || TWITTER || TELEGRAM || 

Author : Firmansyah Septyadi (septyadf1)
https://bitcointalk.org/index.php?action=profile;u=1550748
ETH Wallet : 0x920dBA2a2D7CaBf0606CAe34df2036C55173f2D3