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Cryptonia ICO Review

Hello everyone! Today, I would like to introduce a new project called Cryptonia Poker. Let's find out!

What is Cryptonia Poker?

The new project as its name suggests, provides an online poker platform that is ultimately offered by blockchain. Built in it is a digital currency with a number of advantages and differences for the different platforms that are there and offer something very similar.
The approach of the platform is to provide absolute transparency at all times as well as to use blockchain security to encourage more players to participate. There is also little need to worry about crossing the border and, as it uses digital currency, this means that some gaming laws will not apply.
cryptonia-poke

Technical aspects of Cryptonia Poker

The first thing to note is that the new platform is built on Ethereum, and the token they created at Ethereum as a source. Blockchain transactions are completely transparent and are associated with smart contracts to ensure that the transaction itself is valid and can not be changed.
In addition, existing online casinos use software that has been controlled by many different people who ultimately lead to unfair games as they should. This is not a problem when the blockchain is used as then becomes impossible.
Smart contracts will also be used to increase the efficiency of transactions and establish a reliable basis between the two parties. Each transaction can then be traced as it is placed on a blockchain offering that adds the required security awareness at that moment.
Their platform also integrates their own software that has specific aspects to detect potential fraud and eliminate it as a possibility as soon as possible. Plus, they say that their software will also remove the potential for the programs used in the game, which means that these are the people who actually play at all times.

What is the size of the market?

The total market for online games is estimated at more than $ 50 billion a year, much of which comes from the poker market, one of the most popular games. 
Over the last decade, online poker has become so popular that many problems have arisen, with many platforms appearing to be cheating. The new CryptoLog Poker platform solves these problems by running on blockchain, which provides a more reliable environment for users.
Benefits of Cryptonia Poker
The benefits associated with the project are obvious to see. Besides the fact that their digital currency is used as play currency instead of the fiat option, the use of Ethereum blocks for the platform is also a huge advantage. This platform allows scalability while using the various security features that come with it. When you combine that with the security aspects of their own software, it's a real reliable platform.
The fact that they have eliminated the bot will obviously benefit and lead to a fairer game than ever before.

Business model

The new platform aims to be profitable with two approaches:
  • A small administration fee or "rake" will be charged per game, this is common with all poker sites, the fees they have placed are just 3% lower than their competitors. they.
  • The new platform will have its own token that will gain value as the platform becomes more popular. 35% of the profit of the platform will also be redistributed to the user, the amount that each user receives depends on the number of points he earns on the site, which gives the player a clear incentive. more often.
cryptonia-poke1

Financial aspects and ICO

The financial side of things provides us with additional information about the entire business.For IFAs, they can accept ETH, LTC and BTC, but note that a minimum investment of 0.1ETH may lead some people to think about investing even if the numbers are not as high as the options.Choose another. In addition, you should note that the United States will be excluded from the ICO, which could cause problems for some people.
Companies have also sought to include a hard cap with their ICO, but it is linked to their token rather than a US dollar number. In this case, they claim that the strict limit would be 750 million CPCs, which would appear to be a high number until you take a closer look at the token itself.
When you do this, you will see that this equates to 75% of the total number of chips that will be generated. Also, in the ICO, having an exchange number of 1 ETH equivalent to 7,000 CPCs gives you an indication of the potential value they placed on their token. There will also be a bonus on the offer during the ICO with a price set at 20%.

General conclusion

The connection between e-money and poker only makes sense for the moment, but do not believe for a moment. Cryptonia Poker is the only digital currency that offers this option because it is not.Moreover, they are not the only ones to use the Ethereum platform as a platform, but only because of the quality of the product offered by Ethereum.
However, the service they provide seems pretty solid, but that does not just mean it's pretty unique for some people looking to invest. This is a minimum number of investments that is not really a problem in the big show, so you should not allow this to affect your decision.
The team behind the project also has a lot of experience to consider when investing in a new project.
Given the way the poker industry continues to develop, there is a real potential for the value of the currency itself to increase depending on that platform. However, the problem they have is that they have to deal with other businesses and the poker games offer exactly the same thing. If they can really promote themselves to the extent that they have to do it, then it is likely to be really good.
Details:
Website:   cryptonia.poker
Author :phatpharm20 
Bitcointalk:   https://bitcointalk.org/index.php?action=profile;u=2038562 
ETH: 0x1cff5da802703815aea69be79491c636369d0d1f

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