The online gambling market has expanded tremendously over the past few years and is expected to be worth over $127 billion by 2027 in terms of revenue.
While this growth is facilitated by a growing number of people becoming a part of the online gaming and gambling community, it has also resulted in an increase in forgery, cheating, and disreputable withdrawal policies on online casinos and platforms.
Integrating blockchain into the gambling sector online presents a possible solution to these problems and provides a provable fair gameplay chance to users. Polker is a blockchain-based online casino that aims to provide players with an online casino experience that is provably fair.
What is Polker?
As mentioned, Polker is an online casino based on blockchain technology that seeks to allow its players to bet and play with dozens of cryptocurrencies instead of converting them into a single-supported standard cryptocurrency.
The platform does this by calculating the value of all the cryptocurrency bets in USD, EURO, GBP, YEN, WON, or any other major fiat currency that is native to the player. This not only helps the players get a fairer idea of the pricing of the cryptocurrencies but also opens up the platform to a global userbase.
Polker’s mission is to focus on mass crypto adoption especially in the online gambling space by using blockchain technology as a provably fair gameplay mechanism.
Offering multi-crypto gameplay
The Polker platform offers its players a chance to bet in a range of cryptocurrencies, this is done by creating and enabling blockchain wallets that are appropriate for that particular cryptocurrency. Before a player places their bet in their preferred cryptocurrency, the platform enables them to transfer the funds to their escrow wallets and the value of the player’s bets is then calculated in stable coins such as USDT in real-time.
After this, each player’s bet is matched with the value of the hands played by other players in spite of the cryptocurrency or fiat they have used. The winner is then given the total pot in each of the cryptocurrencies played.
The True Random Number Generator
To ensure fair gameplay on any online casino, a Random number generator or RNG is essential as its functionality extends to the dice roll or randomness of the cards dealt. This makes sure that no pre-programmed values are used in a game. Polker takes the system one step further with their patented True random number generator (TRNG) which utilizes the same blockchain transactions used for table-play in their generation of randomness. Each hand of play is randomized based on transactions occurring in their and other blockchain networks.
Prior to the widespread use of RNGs and Polkers, TRNG, online casinos used to deploy Pseudorandom number generators or PRNGs which used a combination of a known seed and pre-programmed algorithm to determine numbers, they were based on a fixed algorithm and therefore prone to hacks, the True random number generator solves this problem.
The PKR token and distribution
Polker Token is a cryptographic token that is ERC-20 compliant and deployed on Ethereum’s Mainnet. The token has been designed to be used in betting and gameplay on the platform and to be used as a reward to those who participate in the Polker Platform. It can also be used to buy NFTs from other users on the platform and acquire Rakeback bonuses.
The PKR is a public token that can be used to buy store items, collectibles, game character assets, and VIP tier brackets. The token allows users of the platform to enter into the VIP program and earn rake-back bonuses, NFT airdrops, etc.
In order to ensure that the miners who help with the flow of the transactions on the platform are rewarded, a minimal fee is charged when a user conducts transactions on the Polker platform.
The PKR token has a total supply of 1,000,000,000 and has been distributed as 25% for Operations and 20% for Development. Another 15% for the Token Sale, 12% for marketing, 10% for bonuses, rewards & reserve, and the team respectively. While another 5% has been set aside for liquidity and market-making and a 3% for the advisors.
The Polker platform plans on launching a line of NFTs based on their in-game dealers. Users will be given a chance to stake their PKR tokens and based on the amount staked, they would be given standard, rare, or ultra-rare NFT cards. These NFTs can also be purchased at value.
The Polker platform utilizes the benefits of blockchain-based technology with online gambling and provides players with a fair and secure gaming experience. The Polker game engine is powered by Unreal Engine 4 and is the first poker game that offers high-end graphics and animations.
The platform itself offers a lot of features and services to make the gambling experience smooth for players. The multi-crypto option on the website successfully caters to a global audience and makes real-time conversions easy while also providing players with a chance to bet the cryptocurrency of their choice.
For more information check out their website.
Disclaimer: This is a paid post and should not be treated as news/advice.