• bitcoin
    BTC$29,393.00
  • ethereum
    ETH$1,847.11
    • ICO_LIST_icon_flow

    CryptoPotato score

    8.6/10

    Virtue Poker

    Virtue Poker is a decentralized P2P poker platform built using Ethereum. Our application combines an off-chain p2p game engine for gameplay with on-chain Ethereum smart contracts which are used to escrow game buy-ins and autonomously distribute payouts based on game outcomes.
    Virtue Poker eliminates player deposit risk by replacing the traditional deposit and withdrawal process by using a combination of user owned digital wallets and Ethereum smart contracts. We solve the issue of gameplay fairness by including all players in card shuffling using a cryptographic p2p protocol called Mental Poker.
    VPP has four core utilities within the Virtue Poker network: (1) VPP can be “locked” in a smart contract called the Justice Registry that enables users to stake tokens and validate hands on the network in exchange for fees from players, (2) VPP can be used as an in-game currency, (3) VPP can be used to access special tournaments, and (4) VPP can be earned as rakeback.

    Virtue Poker Review and Rating

    Virtue Poker Review and Rating
    8.6

    Team

     9.0/10

    Stage of The Project

     9.0/10

    Project Potential

     8.0/10

    Community

     8.0/10

    Token-Use

     8.0/10

    Token Sale Terms

     8.5/10

    White Paper

     9.0/10

    Technology

     9.0/10

    Pros

    • Team and Advisory: The team is a part of ConsenSys, which is a well-known and respected company in the crypto sphere, with great networking abilities. The legal advisory board is very experienced in the iGaming industry, obviously, legal challenges will arise along the way and top legal consultation is needed. The team is sponsored by top poker players which can help Virtue Poker to penetrate into the online poker industry.
    • Trust: It seems that with the current structure of the top online gaming sites, we have no choice but to trust their word in keeping our funds safe and playing a fair game. Virtue Poker is building a decentralized platform with maximum transparency. With Virtue Poker, a player holds his funds in his wallet or in a smart contract (on the Ethereum blockchain) which doesn't involve a third party.
    • Fair ICO Terms: The total ICO cap for both rounds of the sale is 25M USD, if the ICO phase 2 will happen. The reasonable cap, 0% Bonus and the lockups for the team/advisory board allocation should help the price once VPP are listed on exchanges.

    Cons

    • Attract user-base from scratch: Virtue Poker will obviously have big advantages over existing online poker sites, but it is also extremely difficult to attract users to a new platform. Virtue poker will try to penetrate the market by launching live streamed tournaments on their platform, hyped by the attendance of well-known poker players (Advisors of Virtue Poker). And also by using VVPs to incentivize poker players to join the platform.
    Full The Full Evaluation

    Public Sale Ended

    09 May 2018

    Total raised
    $18,548,000 / $18,500,000

    Token: VPP

    Token type: Ethereum ERC-20

    ICO price: 1 VPP = between $0.06 and $0.125

    Finite token number: 500000000

    Token Allocation: 20% public

    Availability: Chinese and USA citizens excluded

    Accepted Currencies: ETH

    crowd sale
    0% Bonus at all stages, contributions above 150 ETH recieve a free ticket to the WSOP Main Event

    CAP: 12,500,000 USD
    April 25th, 2018

    Community

    Twitter

    Telegram

    Project Links

    Website
    Facebook
    Slack

    Team Members

    vpoket_team_member_1

    Ryan Gittleson

    Co-Founder, Business Development and Marketing

    vpoket_team_member_2

    Jim Berry

    Lead Developer and Platform Architect

    vpoket_team_member_3

    Jose Luis Diaz

    Head of Product

    vpoket_team_member_4

    Javier Franco Algarrada

    Blockchain Developer

    Advisory Board

    vpoker_advisor_1-4
    Founder of ConsenSys

    Joseph Lubin

    Ethereum Advisor

    vpoker_advisor_2-2

    Andrew Keys

    Ethereum Advisor

    vpoker_advisor_3-3

    Robert Davidman

    Poker Industry Advisor

    vpoker_advisor_3-2

    Robert Davidman

    Poker Industry Advisor

    Incubated within ConsenSys

    consensys-type-2-9

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