Cryptonia Poker ICO Review

    

 Cryptonia Poker just recently launched their Pre-ICO being Cryptonia as their official currency. Lets take a closer look on what this new cryptocurrency offers and see if it would be at par with the other crypto giants.  

What is it about?

  Cryptonia Poker offers the excitement of getting in the game of poker while enjoying competitive rakes, discounts, value-added offers from their business promotions and the potential appreciation of Cryptonia. Aside from the presented benefits that each gamer can receive, Cryptonia Poker also highlights the advantages of using a blockchain-based online poker than a traditional one to possibly avoid issues such as payment processing delays and to ensure fair play.

Issues with Traditional Online Poker

 There are so many issues arising from the traditional online poker that caused a lot of gamers to be skeptical towards joining any game room. Due to the unimaginable fast growth rate of the Online Poker market, observance and implementation of regulatory controls, transparency and fair play has been a challenge. 

  Poker is entirely about Fair Play and Transparency. However, some game rooms fail to meet these ultimate rules of the game. One of the most usual concerns is the random generation of numbers. Of which many sites have earlier confirmed that the RNG system can be decoded and predicted.  

  Another, is the credibility of players. Some game rooms do not have rigorous systems to restrict a bot playing or group of players posing to play individually. Same with preventing collusion between gamers.   

  The most crucial concerns are the players authority over their funds and timeliness of payouts. Such issues include delayed funds and frozen accounts or banned.  

Cryptonia Poker on Improving the Online Poker Market

  As the number of traditional online poker gamer rises, so as its issues. But as per Cryptonia Poker, this is how they address those concerns.  

  Transparency and Fair Play

  The company created an RNG system that is both fast and randomly generates numbers. In this system, the player and the operator generate their own pre-committed partial RNG seeds. Then, the data from the RNG is forwarded to smart contracts. Through the game’s smart contract, every player can check all actions, seeds and transactions can be checked. 

 Availability and Timeliness

  Cryptonia will be listed on exchanges. Not only that it will give value on the currency but this will also make the process of purchasing and exchange available for anyone in the world.  

  However, in the game rooms, Cryptonia can only be used for online poker by gamers who resides in regions where it is legal and licensed.  

  With easy access to Cryptonia and an ethereum-based currency, the company promises very minimal processing time for each transaction. 

  Security

  As per Cryptonia Poker, they will maintain anonymity of each gamer. They present a simpler registration process, wherein, no unnecessary data will be collected from the users.  

  Another is the company’s utilization of Ethereum-based Smart contracts which complies with ERC20. With the presence of these contracts in their system, Cryptonia Poker ensures smooth sailing transactions for every user while maintaining anonymity and safety.  

  To protect all user accounts, each will be required a one or two-step authorization along with a Captcha validation.  

  And to fully secure the system, Cryptonia Poker has taken anti-hacking measures and uses different server locations to back up their data and track real-time transactions. 

  Ensuring Players Credibility

  Cryptonia Poker uses advanced algorithms to monitor each account’s behavior. This enables them to determine any fraudulent activities such as use of bots and collusion between users.

  The company will be regularly analyzing and auditing each player’s game over the others to avoid any fraudulent activities.

The Business Plan 

  Sources of Revenue  

• Minimal administration fee as rakes during purchase of Cryptonia tokens. 
• Appreciation in value of Cryptonia tokens as it will be listed on exchanges.

Movement of Funds and Distributions

• 10% of the total tokens in the system will be allotted to tournament guarantees, leaderboards and freerolls to encourage more players to play.  
•  35% of the rakes collected every month will be distributed back to the gamers through bonuses tournament pools, jackpots, bounties for bringing in new players, leaderboard rewards for regular gamers and loyalty programs for regular and old players.

  Post-ICO Game Plan

  A tournament will be in place after the ICO has been completed. And 10% of the Cryptonia tokens will be used as prizes. And as the company projects it, these initial bonuses and prizes will attract more players in the game rooms.

 Games Offered

 Cryptonia Poker’s game rooms will be available 24/7 for all time zones at different limit preferences for each gamer. The game choices will include different formats like Texas Hold’em No Limit, Open Face Chinese poker, 5 Card Omaha, and All-in Poker. 

Opening tournaments will have a broad buy-in range, ranging from a dollar to a hundred. And as the community expands, higher limit games will be available.  

Rake Collection 

  Rake rate is at 3% with a set max for each limit games.   

Growth in Cryptocurrency Value

  As mentioned earlier, Cryptonia will be put in listing on exchange and buyers during the ICO will have the advantage in the increase in value as more and more gamers join platform.

 Based on Cryptonia Poker’s business platform, a foreseeable increase in value is due to the increasing demand of the currency as the players add up in the platform. They are also seeing a possibility that as the value of CPC increases, bets in the fiat are measured and will require less CPC to play in the game. But then again, new comers will continue to purchase Cryptonia at market price and with no doubt, will increase CPC’s value. 

Token Allocations

  Crypotonia tokens will be 1 billion in total. At the start of the ICO, Cryptonia Poker distribution of tokens will be as follows:

• 75% - tokens available for buyers.
• 20% - tokens reserved for business promotions and tournaments.
• 5% - promoters, management and advisors.

ICO Prices, Soft and Hard Caps

    

  According to Cryptonia Poker, if the ICO fails to reach its Soft Cap, all investments will be returned to the investors. The CPC tokens that were unsold will burn after the ICO’s end date. And the exact price of Ethereum cannot be determined in terms fiat after the ICO, thus, the CPC pricing is provided in terms of Ethereum.

Development Plan Model

 CONCLUSION

 Offering to take advantage of the gains from the possible growth of Cryptonia’s value in the crypto market and winnings from the game’s bonuses and prices will be very inviting to many, especially for online poker players. A foreseeable success is given if a massive number of gamers and investors alike will support the idea. But to continuously maintain that success and attract more people to join, Cryptonia Poker should be very lenient in implementing their Fair Play policy and security of each and every user. And with that being said, along with security and maintaining credibility, Cryptonia Poker should also focus on offering new and exciting games, programs and tournaments in their platform to continue to enliven users and prevent them from getting bored and leaving the community. 

  For more info on Cryptonia ICO please visit their sites below. 

• Website: http://www.cryptonia.poker 
• Twitter: https://twitter.com/CryptoniaPoker
• Facebook: https://www.facebook.com/cryptoniapoker
• Telegram: https://t.me/cryptoniapoker
• YouTube: https://www.youtube.com/watch?v=tMBGHOqo2a0
• Whitepaper: http://www.cryptonia.poker/public/content/Cryptonia_White_Paper.pdf 
• https://bitcointalk.org/index.php?action=profile;u=1397196