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coinpoker May 02, 2023

Community Contributions

Community Contributions is one of the tools used in delivering a long-term strategy for our brand. But what is it all about? Community Contributions come in the form of a percentage of cash games and tournaments. These numbers are low for the individual player, but collectively contribute in our efforts to offer bigger promotions, attract Community Contributions

CoinPoker

Community Contributions is one of the tools used in delivering a long-term strategy for our brand. But what is it all about?

Community Contributions come in the form of a percentage of cash games and tournaments. These numbers are low for the individual player, but collectively contribute in our efforts to offer bigger promotions, attract new players, and much more.

Community Contributions on CoinPoker

In the early days, CoinPoker operated as a commission-free platform in order to encourage users to test and try crypto poker. In order to continue to progress and deliver value to the community, CoinPoker introduced community contributions on cash and tournament tables. Traditional poker rooms both online and brick and mortar sustain themselves with revenue from table commissions. While keeping CoinPoker low-cost and easy-to-access for everyone is still a priority, growing and delivering more value is also the key to moving forward.

There is no commercial incentive behind this, contributions are reinvested into CoinPoker with the aim of continuing to build a thriving community.

100% Returned to Players

Community contributions have been a part of our roadmap since CoinPoker’s ICO stage, and while our plans have evolved and adjusted over time, the overall goal remains the same. All of the funds collected in community contributions will be returned to the community in the form of community-centric promotional activities, partnerships, and more. A small part of community contributions will also be used to cover the administrative expenses as well.

7-Max No Limit Hold’Em

StakesRake2 players3 or 4 players5, 6 or 7 players
₮0.02/₮0.055%₮0.30₮0.30₮0.30
₮0.05/₮0.105%₮0.30₮0.50₮0.75
₮0.10/₮0.255%₮0.50₮1.00₮1.75
₮0.25/₮0.505%₮0.75₮1.25₮2.25
₮0.50/₮1.005%₮1.00₮1.50₮2.50
₮1/₮25%₮1.25₮1.75₮3.00
₮2.50/₮5.005%₮1.50₮2.75₮5.00
₮5/₮105%₮2.50₮5.00₮7.50
₮10/₮205%₮3.00₮6.00₮10.00
₮25/₮505%₮5.00₮7.50₮12.00
₮50/₮1005%₮6.00₮10.00₮15.00
₮100/₮2005%₮12.00₮16.00₮25.00
₮150/₮3005%₮20.00₮30.00₮40.00
₮200/₮4005%₮25.00₮40.00₮50.00
₮300/₮6005%₮30.00₮50.00₮75.00
₮400/₮8005%₮40.00₮60.00₮80.00

7-Max Omaha

StakesRake2 players3 or 4 players5, 6 or 7 players
₮0.02/₮0.055%₮0.30₮0.30₮0.30
₮0.05/₮0.105%₮0.30₮0.50₮0.75
₮0.10/₮0.255%₮0.50₮1.00₮1.75
₮0.25/₮0.505%₮0.75₮1.25₮2.25
₮0.50/₮1.005%₮1.00₮1.50₮2.50
₮1/₮25%₮1.25₮1.75₮3.00
₮2.50/₮5.005%₮1.50₮2.75₮5.00
₮5/₮105%₮2.50₮5.00₮7.50
₮10/₮205%₮3.00₮6.00₮10.00
₮25/₮505%₮5.00₮10.00₮15.00
₮50/₮1005%₮10.00₮15.00₮25.00
₮100/₮2005%₮20.00₮35.00₮50.00
₮150/₮3005%₮25.00₮50.00₮75.00
₮200/₮4005%₮30.00₮60.00₮90.00
₮300/₮6005%₮40.00₮75.00₮100.00
₮400/₮8005%₮50.00₮80.00₮110.00

4-Max

StakesRake2 – 4 players
₮0.02/₮0.055%₮0.30
₮0.05/₮0.105%₮0.50
₮0.10/₮0.255%₮1.00
₮0.25/₮0.505%₮1.25
₮0.50/₮1.005%₮1.75
₮1/₮25%₮2.25
₮2.50/₮5.005%₮2.75

  1. Community contributions for all ring games are set at 5%
  2. Tournament contributions are set at 8% and CC for Cosmic Spins is 5%.
  3. Heads-up, high stakes (₮500/₮1000+) and Tony’s Games are subject to different community contributions, information is available on request.
  4. Community contributions are subject to change depending on community feedback, which will be monitored closely.


The Growth Opportunities Community Contributions Represent

In addition to delivering community incentives in the form of a better gaming experience and higher token value for investors, community contributions can also be put towards attracting more partners and advertisers, which is also an essential part of building a thriving community. These campaigns would be geared towards incentivizing advertisers and influencers to promote CoinPoker and help us spread our vision of crypto poker to all corners of the world.


Deposits and Withdrawals

How to Deposit:

Depositing cryptocurrency into your CoinPoker account is straightforward. Follow these steps:

  1. Register as a CoinPoker player by downloading, installing, and signing up on the CoinPoker app.
  2. Once registered, proceed to fund your account.
  3. Establish a personal crypto wallet for all deposits and withdrawals. Deposits from exchanges are inadvisable, as linking them to your CoinPoker account is problematic.
  4. During the initial deposit, input your wallet’s address. This wallet will be associated with your CoinPoker account, and subsequent deposits must originate from it.
  5. If a wallet address change is necessary, contact [email protected] for assistance.

Deposit from an exchange:

During the initial deposit, input your desired deposit currency and amount and select the ‘Pay With Crypto, Nace’ button. Copy the amount and the generated wallet address into your preferred exchange application or scan the QR code.

How to Withdraw:

Withdrawing from your CoinPoker account follows a simple process. You can withdraw to any private wallet of your choice. Simply confirm your withdrawal with an email confirmation code.


Cashout Policy and Terms and Conditions

CoinPoker, as a cryptocurrency-focused platform, enforces minimal restrictions on deposits and withdrawals. However, be aware that fees may be incurred for withdrawals and outbound player transfers each calendar month.

Combined Withdrawal + P2P Transfer Total (₮)Fee %
Up to 99,999Free
100,00010.0
250,00015.0
500,00020.0
1,000,00030.0

Fees are imposed to enhance the stability and security of CoinPoker, as well as to enable us to continue to provide straightforward cryptocurrency transactions and player to player transfers.

Furthermore, the value of the cryptocurrencies managed by the platform are subject to fluctuations, necessitating responsible financial management and readiness.

Deposit and Withdrawal Terms and Conditions

  1. Deposits are available in the following currencies: USDT, CHP, ETH, BTC, MATIC, BNB and. Deposits made in ETH, BTC, MATIC, BNB will be automatically converted into USDT. By making a deposit, you agree for deposited currency to be collected and exchanged for the equivalent value in USDT. Deposit collection and exchange process is automated and seamless.
  2. The policy and criteria for you (the customer) to effect deposits into and withdrawals from your (customer) account can be found on the CoinPoker platform. CoinPoker reserves the right to use additional eligibility criteria to determine the withdrawal options you (the customer) may be offered at any given time, and to make any amendments to withdrawal policies, at our sole discretion.
  3. Your account balance is the amount of cryptocurrency paid into your account (by you (the customer) or CoinPoker), plus any winnings (excluding bonuses which have not met the applicable wagering restrictions) and/or minus any losses accrued from using the CoinPoker services, less any rake, entry or other fees, if applicable, and less any amounts previously withdrawn by you or amounts forfeited or reclaimed by CoinPoker due to any known or suspected fraud.
  4. Withdrawal is subject to you (the customer) having made and sufficiently wagered a cryptocurrency deposit or non-restricted bonus in your account, accrued winnings, any deposit method restrictions and/or bonus restrictions. Withdrawals will be completed to the same e-wallet address which was confirmed by the user of the CoinPoker account.
  5. You may withdraw any amount up to the “Available to Withdraw” balance in your CoinPoker account by issuing CoinPoker with a valid notice of withdrawal within the application. Notices for withdrawals must be made via the application. CoinPoker will not accept requests for withdrawal made by (i.) telephone, (ii.) analog mail (including letters), (iii.) fax or (iv.) electronic mail (including email, telegram, or social media messages).
  6. Before any withdrawals are processed, Your behavior on CoinPoker services will be reviewed for any irregular playing patterns. Should CoinPoker deem that irregular playing patterns have occurred, CoinPoker reserves the right to withhold any withdrawals, and/or confiscate all prizes and bonuses.
  7. CoinPoker provides the option for player-to-player transfers, whereby you (the customer) can transfer funds from your CoinPoker Account to another user account. CoinPoker reserves the right to suspend or eliminate this feature on any account that is not compliant with the Terms of Agreement.
  8. Generally, transfer functionality is offered to enable customers to use the CoinPoker services.
  9. Withdrawals and ‘transfers out’ are combined and treated as ‘Monthly Withdrawals’. This total is subject to fees based upon currencies and amounts. Details can be found in the CoinPoker Cashier. Monthly totals of under ₮99,999 will be subject to regular cashout fees, ₮99,999 and above will incur additional fees.
  10. To protect Your personal data during communication with Your web browser, the Company uses secure and tested encryption technology. Online transactions continue to be protected by Our cashier providers, and Our internal security encryption system.
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