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[CoinPoker] - Ex-Official - Bringing the Game Back to Players [CoinPoker] - Ex-Official - Bringing the Game Back to Players

06-12-2020 , 12:15 PM
Recent updates to CoinPoker have improved withdrawals massively and the number of players at higher stakes seems to have improved as well. Slowly but surely we are making progress here. At virtually any point in time, whenever we can convince them pretty much which likely will eventually happen, they can reduce the number of outstanding and total coins by 25%-75% over the course of a few months, perhaps on and off. All they need to do is allocate more than 10% of community collections to the burn like they were originally doing. I understand and can even support the growth initiatives (some of them anyway,) as monthly expenditures are all listed on the site for transparency (finally!) Still waiting on rakeback but things have been improving fairly steadily and I expect that over the next few years the price of the coin and the overall site volume/play volume will go up. They've improved quite a bit even in the past few months, but I still expect them to continue making improvements and eventually drive up the price of CHP by burning a large portion of community contributions for a small period of time. They collected nearly 25M last month, 2.2M were burned with the rest used for growth initiatives and back to the community through the leaderboard.

So as you can see, in 9-10 months total they could burn the total amount of coins to 1-10M in total from the current amount of 271.1M outstanding and a Total Supply of 285,744,172 CHP. Let's say they want to be really conservative and continue community collections in near full. Over the next 3 years they could set aside 3 months each year, spread 3-4 months apart (with a 50-100 person leaderboard paid out to whoever burns the most during each 1 month period,) where community contributions are 90%-95% burned which would drive the price up MASSIVELY for just a few months of community contributions set at 90-95% burn rate.

this month: https://coinpoker.com/community-contributions

grinders leaderboard: https://coinpoker.com/promotions/galactic-grinders

Last edited by WinR8; 06-12-2020 at 12:21 PM. Reason: added this month and leaderboard
[CoinPoker] - Ex-Official - Bringing the Game Back to Players Quote
06-14-2020 , 03:10 PM
I wanted to try crypto poker and landed on coinpoker and everything worked just fine. Software itself is very good. Smooth, no lags. Creating an account was done in few minutes. Nice low rake. Only thing I would like to see is that I can play in big blinds instead of CHP.
Deposit and withdrawal worked fine too. For crypto newbies like me the youtube tutorial how to deposit is great.

Downside is missing traffic and thereby the missing rec players. I guess crypto has to really hit the mainsteam before that will change.
And if the telegram scamms are a known problem, then they should just get rid of the telegram support. I wrote an email to support over the poker client and had an answer in a couple of hours.
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06-17-2020 , 08:52 AM
Quote:
Originally Posted by YourMother66
Downside is missing traffic and thereby the missing rec players. I guess crypto has to really hit the mainsteam before that will change.
.


Missing recs? I thought this site was super duper soft. I only play 5/10 (more like 12.5NL) and yes there are a few regs, they are like recreational regs, they play a tight ABC strategy that is super exploitable.

The traffic sucks, the tournament structure is wack, but the rake is low and the cash games are easy.
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07-06-2020 , 08:18 AM
Quote:
Originally Posted by WinR8
The reason it's going up is because of the buyback community contributions deal that I recommended they setup in order to basically save them and it has.

Current monthly burn count: https://coinpoker.com/community-contributions

The price will continue to go up now for years. That's assuming stagnant growth and assuming that players continue to play on the site... at least without losing a ton of them. Right now we are averaging aprox. 6mil-7mil per month in burned CHP and 1-2mil (closer to the midpoint of each currently, on avg.. so ~6.5 and ~1.5) that's collected as 25% of the community contributions to eventually be given back to the players and/or grow the community and attract marketing partners, etc.

They already have... after just 3-3.5 months of community contributions... oh, I don't know, maybe ~19M burned (not sure if that would be including the current burn count for this month or not...) and ~5 mil saved up to be given back to the players and/or attract marketing partners and new players.

I'm anxious to find out what they're going to do with the smaller 25% part of the community funds and I'm hopeful they will initiate a cash game player rewards system. Cash game players contribute a lot more to the monthly burn and community collections than do MTT players yet MTT players are currently seeing a much great reward system.

They did actually say they are working on implementing rewards for cash game players. I hope it's good and I hope it's soon. It will also very much encourage players (even losing players like me right now,) to keep playing on the site.

Lately though, CoinPoker ...we've been growing massively.

Every time I login now there's more people on and like a ton of tables going. WHat's also good about that is not only does it help the community thrive but because of the way the buyback works... quite literally, the more people playing, the more CHP is going to be worth because more tokens will be burned. It doesn't take a ton of difficult math (we are on a poker site after all) to figure out the amazing economics behind the current token burn situation. It also has a direct correlation to the price beginning to go up just like I informed management that it would. I was pushing for this for months before they finally released it but wow it's done wonders for the site and it really should only continue to get better. It's certainly showing no signs of slowing down it's growth at the moment... quite the contrary, in fact.
Username

Quote:
Originally Posted by thor1rj
Hello everyone

I never thought had to make thread in regards this depsoits they refusing to pay which even have pay more than twice

To begin with i make small deposit of 0.37 eth on coinpoker from coinbase which restricted they say funds are lost okay my mistake so i ask what to do ..

Now a support guy called tells me deposit same amount to different adress which he specifik gives me in telegram chat .. Alrighty i think ill try do to save my 0.37 eth so i make another desposit he says it just has to be same amount or larger doesnt matter ill get refunded it so deposit 0.38 eth from privat wallet not exchange ... its gets confirmed now the crazy part starts he now tells that it had sent from coinbase to activate adress which is totally nonsens for me and that it cannot wotk this way hmmm i amconfused..


Now he tells me i have to make another deposit to his specifik adress that cover the otherones so i make another desposit 0.78 eth from coinbase to this adress and think everthing will be ok.. Now he tellls me this:

Rainer, [01.04.20 02:21]
Congratulations, you are indeed very lucky. The internal team has picked you and decided to compensate you with 200% bonus. In order to redeem this reward, you need to make a minimum investment of $7.53 ETH and you will receive the 200% bonus immediately. You have to select one of the options below that suits you (1) Make a fresh 7.53 ETH deposit (2) Balance up minus your pended transaction. If balancing up it means you are to make new deposit of 5.978 ETH. Once you select of the plans above and make the deposit, you will receive 200% bonus immediately and be able to withdraw to your desired wallet or play games with it immediately.

Thanks

Now i get really suspicious and dont pay more i just wanna if anyone else had same or can help this problem ..

ty
It's a telegram scammer not the real coinpoker

Last edited by Mike Haven; 07-06-2020 at 08:28 AM. Reason: 2 posts merged
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09-06-2020 , 07:49 AM
Quote:
Originally Posted by ff6237
Username
You first and I'll contact you in game :-)

Just posting to remind everyone that now is as good a time as ever now to get in and try CoinPoker! Especially given the price has fallen so much lately along with the entire crypto market.

CHP will certainly recover to more than a half a cent at minimum. Approximately 2M coins burned every month and less than 280M left to burn.

90% of "rake" which is less than other sites is used to pay for expenses and goes back to players via overlays and promotions and updates and supposedly they spend more than they take in since they originally took in over 40-50M during the ICO. It doesn't make it any less worth playing on, though. I wish they were burning it all, or burning most of the coins being collected as rake to drive the price up extremely fast (~30M/month) but so be it and I'll hope that changes at least back to the original ratio eventually. Player traffic waivers now and then but during peak hours it's pretty good.

Lots of PLO games, ...5 card PLO and then I play *mostly* NLH.

https://coinpoker.com/community-contributions

https://coinmarketcap.com/currencies/coinpoker/

https://blog.coinpoker.com/
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10-03-2020 , 09:11 PM
CoinPoker has swiched to Tether for the ingame currency. I'm not sure how this will affect the games. Will more people play now that they're using a stable currency?
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10-09-2020 , 08:37 AM
so im pretty new to all those new coins and i want to understand:

if i deposit in USDT (which i can?) my account balance on coinpoker wont be subject to strong currency swings?
[CoinPoker] - Ex-Official - Bringing the Game Back to Players Quote
10-09-2020 , 09:01 AM
No, only unless you want to buy their token CHP which gives you increased rakeback tiers.
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10-11-2020 , 03:09 PM
Is there a coinppoker rep on here? I need help. Emailing back and forth is so slow and their telegram isn't too helpful.
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10-17-2020 , 04:38 PM
There is a chance to get fixed limit tables at coinpoker? There are a lot of players interested in.
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10-18-2020 , 12:32 PM
Quote:
Originally Posted by fellowship
Is there a coinppoker rep on here? I need help. Emailing back and forth is so slow and their telegram isn't too helpful.
No, but you could maybe try PMing Coin_poker? Admittedly he hasn't been online for four weeks, but you never know what will happen next with these enigmatic sites.
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10-18-2020 , 10:26 PM
anyone know what the PLO traffic is like at say $25-$100 buy in? i looked in today and there was 1 table of $25 and no table of $50 iirc, and was wondering if there might be more action at peak times or something.
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10-19-2020 , 08:44 PM
Quote:
Originally Posted by fellowship
Is there a coinppoker rep on here? I need help. Emailing back and forth is so slow and their telegram isn't too helpful.
They have a presence on Telegram.
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10-20-2020 , 11:33 AM
Quote:
Originally Posted by PokerPlayingGamble
anyone know what the PLO traffic is like at say $25-$100 buy in? i looked in today and there was 1 table of $25 and no table of $50 iirc, and was wondering if there might be more action at peak times or something.
PLO25 running pretty much always 1-6 tables i would say. 50+ most of the time too. 25-50 is the most popular one. dont know about 5card though, i filter it out. higher stakes running too, but not always
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10-20-2020 , 02:38 PM
Coinpoker is low volume but quite soft. Definitely worth depositing 100-200$ if you play 50nl and adding one of their tables in.
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10-31-2020 , 06:30 PM
Haven't played there for about 2 years, but just saw this email from them (it's from about a week ago but was in spam; it's from support@coinpoker-lt.com). Not sure what to make of it, but looks like a money flipping scam!

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10-31-2020 , 09:15 PM
Quote:
Originally Posted by d2_e4
Haven't played there for about 2 years, but just saw this email from them (it's from about a week ago but was in spam; it's from support@coinpoker-lt.com). Not sure what to make of it, but looks like a money flipping scam!

I think they had an issue with a phishing attack recently, be careful this sounds like it... the hyphen "It" in the addy makes me wonder... the "event wallet addresses" too
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11-01-2020 , 09:02 AM
FWIW I get somewhere in the region of zero actual spam to this email addy as I've only ever used to to sign up to a few poker sites and suchlike, none of which appear to have been compromised or my details resold (so far).
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11-04-2020 , 06:59 PM
Is there any plan to add big O or omaha hi low in general.
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11-05-2020 , 11:10 AM
The software is really nice, just wish there were more players.
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01-06-2021 , 09:51 AM
anyone still playing here? Doesn't seem to be much action! They have great rewards stuff tho
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01-06-2021 , 12:28 PM
their rewards stuff is only for those who use their own coins, which are fluctuating quite a bit. i felt pressured to use the coins the guys running the site hold. i understand why and to some it might be ok but im just not interested in highly volatile account balances.

their promise to give everything back to players is also kind of misleading if you look at the reports and see that a huge portion of it goes to the pocket of affiliates. sure they might get players to the site, but at the same time they are taking a lot of money out the pool.

it also seems they raised rake to a level other sites can compete with so i dont really see too much reason playing there anymore.
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01-07-2021 , 08:23 AM
Yeah I'm not a fan at it. Right now I'm siting some 50nl tables but there just really isn't enough volume or incentives to use it as the main site.
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01-08-2021 , 01:59 AM
There was plenty of volume when they started because they were giving away a lot of CHP in freerolls but when they reduced the freerolls the leeches deserted ship. Add to that the fact that CHP is just another shitcoin, steadily dropping to zero, and you have a failed poker site.
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