Cryptonia ICO Review: Poker on the blockchain

The online gambling size was expected to reach USD 51.96 bn dollars in 2018, and online poker is a huge chunk of online gaming. The market is expected to reach USD 59.79 bn dollars in the year 2020.

Cryptonia Poker 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.|

Cryptonia Poker brings together the thrill of poker with the transparency and value of cryptocurrency in an online poker room that is based on blockchain technology. You can now use Cryptonia, your own poker cryptocurrency, to play poker online in a flexible manner.
Cryptonia Poker’s online poker room can be accessed worldwide. You can join a poker room from anywhere, and play with your tokens, while being sure of fairness in the game and transparency and safety of your funds.
The blockchain technology powering our cryptocurrency will help you make easy transactions from anywhere in the world. It ensures that the data about all the transactions is decentralised to ensure complete transparency in all transactions.

ONLINE POKER PROBLEMS & ITS SOLUTIONS

Control over funds and withdrawals
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.
Cryptocurrency used in poker rooms
In Cryptonia Poker rooms, gamers can play with Cryptonias, which are etherum-based tokens. Cryptonia is a cryptocurrency initiated for our poker rooms.
It can be purchased and sold from anywhere in the world. However, Cryptonia can be used to play poker only from regions where online poker is legal, licensed, and not governed by the local laws.
With easy fund transfer system, people from various regions can play online poker, and the etherum-based currency helps minimise the transaction time, adding to the liquidity of the players, and hence making the ecosystem more efficient.

FEATURES

Accessibility
You can purchase Cryptonia, and play online from anywhere in the world.
Transparency
Our software ensures that random shuffling generates random numbers.
Privacy
Players’ anonymity and safety is maintained by the programme.
Benefits
Cryptonia purchasers can receive 15% of the total tokens through promotions and events.
Fairplay
Cryptonia’s Fairplay system eliminates fraudulent actions undertaken on the platform.

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

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.