What is Virtue Poker
Conceived in 2016, Virtue Poker is a ConsenSys incubated, and Pantera backed company that uses the unique features of blockchain technology in conjunction with P2P networking to provide a safe, honest environment to play online poker. Player funds are never held by Virtue Poker; instead game buy-ins are held in escrow by Ethereum "smart contracts" while they play, and payouts occur in 30 seconds or less. Virtue's Poker’s distributed peer-to-peer shuffling algorithm provides game security, since the deck never resides on a centralized server and is the first and only blockchain based poker platform licensed by the Malta Gaming Authority
Why Virtue Poker
Trustless and Transparent Payments: Using a combination of Ethereum based smart contracts and a Virtue Poker deployed sidechain, players always know their funds are secure
Game Integrity via P2P Shuffling: The world’s first and only GLI certified peer-to-peer shuffling protocol which includes all players seated at a table in the shuffling process
Multi-Token Wagering: Easily deploy new ERC-20 tokens for wagering on the platform allowing Virtue Poker to tap into existing cryptocurrency communities for acquisition
High Regulatory Barrier to Entry: First and only licensed blockchain based p2p poker platform by Malta Gaming Authority
Established and growing player base: 10k downloads, 5k registered users, and over 5 million hands played in Open Beta
Exclusive Professional Partnerships: Virtue Poker Team Pros includes 3 of the top all-time live earning pro’s: Phil Ivey, Dan Colman and Brian Rast
Token utility
Virtue Player Points (“VPP”) are the native token used only within the Virtue Poker platform. VPPs have three core utilities within the Virtue Poker network - they can be:
Staked in a smart contract called the Justice Registry that enable users to stake tokens and validate hands on the network in exchange for up to 50% of platform fees;Used to access special tournaments, promotions, used to wager, and vote on new marketing proposalsVote on updates to the system including the eventual deployment of the VPP treasury after 2023
Backers (VCs, incubators, integrations etc.)
Virtue Poker was one of the first projects incubated within Consensys just a few months after Ethereum was launched. Virtue Poker is one of the oldest projects in the blockchain tech space still around.
Main Backers: Pantera, Fenbushi, DFG Group, Founder of Matic/Polygon, Jez San from FunFair
Key Team Members:
Team Pro - Phil Ivey Phil Ivey has 10 World Series of Poker bracelets and is the #6 all-time WSOP money-winner with over $26 million in live earnings. In addition, he is one of the top-performing online players, with winnings over $10 million, and has been to a record nine World Poker Tour (WPT) final tables. From 2002 to 2009, Ivey placed in the Top 25 in the World Series of Poker Main Event an unprecedented four times, and was a unanimous inductee into the WSOP Hall of Fame in 2017.
Technical Advisor – Joseph Lubin Joseph is one of the founders of Ethereum, and is founder and CEO of ConsenSys, the world’s premiere blockchain venture production studio.
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Posted on 26 Apr 2022, this text provides information on Cryptocurrency related to Miscellaneous in Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.