Back in April, we posed the question: How long will it take before an innovative new poker room decides to move to blockchain to provide the ultimate transparency and trust?
Online casino and poker sites currently use a centralized random number generator (RNG), which is influenced from the outside. This, however, paves way for distrust among users who may have seen incidents where cheating with cards or “bloody hand” in card games occurred.
In a bid to solve this problem, Russian start-up Cash Poker Pro set out to create a decentralized online poker room that users can trust.
“Cash Poker Pro is a modern poker room with a network structure and a mechanism for fast and confidential money transfers based on the blockchain technology,” the start-up told CalvinAyre.com.
Cash Poker Pro’s primary objective is to bring an online poker room for messengers like WhatsApp, Telegram and Facebook to the market
“This is an unoccupied niche, which gives start-ups like ours a chance to find customers among more than 100 million users,” the company said.
Cash Poker Pro features a decentralized monitoring algorithm that controls the RNG execution, ensuring “absolute safety, honesty and high speed of transactions.” And because it leverages the blockchain technology, the platform’s operation principle is simple as rolling off a log—it can be adapted to any other card game.
Initial Bitcoin Offering
The start-up plans to hold a CASH token presale for the platform starting August 26, when one CASH token will be sold for US$0.05.
Funds raised during the presale will be invested in a full-scale advertising campaign for the future ICO, during which one CASH token will be sold for US$0.50. Cash Poker Pro expects that it will cost more than US$1 after the ICO and the launch of the online poker room.