Overview

Virtue Poker is a decentralized platform for playing online poker with real money.

Project stage

Beta version

Detailed description

Virtue Poker has spent years researching the market dynamics of the online poker industry. Our goal is to reinvigorate online poker by creating a decentralized online poker network with trust, transparency and accountability built-in. We will accomplish this through the utilization of the Ethereum blockchain, peer-to-peer networking, user-owned identity and cryptographically secured cards, which allow us to present an improved playing experience at a lower cost to players. More importantly, using these new frameworks, we aim to fix the struggling poker economy by reducing costs to players via lower rake, building out rakeback structures that encourage player retention and creating the industry’s most safe and secure online poker platform.

Virtue Poker is a serverless application that runs without storing customer funds, and involves all players in card shuffling. The user flow is:

  • Download Virtue Poker Client. The user visits the website and downloads a Windows, Mac or Linux client. The application includes a shuffler, game engine and user interface. 
  • Registration. The user then creates a uPort (uport.me) identity (if they haven’t already created one). The user then digitally signs an attestation regarding country of residence and age. 
  • Fund a Wallet. The user is brought to a page that directs them to fund the light wallet that is pre-built into the client. 
  • Create a Game or Join a Game. The user can then go to our lobby which will show all publicly available games or can create a private game and invite other players. 
  • Buy-In. The user can join either a public or private game by sending Ether (ETH) or Virtue Player Points (VPP) to the table address of the game they want to join. The smart contract sits on the Ethereum blockchain and acts as an escrow account while the game is in progress. Each game is represented by a table contract that contains the custom parameters of that particular game. 
  • Gameplay. The peers at the table form a P2P subnet and use a Mental Poker protocol that requires each individual peer to shuffle and encrypt the deck of cards. 
  • Payout. When a tournament is completed, or when a player a cash game table, the table contract auto-executes and each player is paid their winnings (if due).

Problem

Online poker has struggled with two critical issues: game fairness and security of player funds. These two issues were at the heart of a series of industry scandals that took down several leading companies in the online poker business.

Solution

Virtue Poker leverages the Ethereum blockchain to provide the first blockchain-based online poker experience where players never have to deposit money on a site, the shuffle is provably random and cards are cryptographically secure. 

Features

Security Of Player Funds
Players do not deposit money into a centralized Virtue Poker system. Instead, players fund their personal digital wallets and enter games with these funds.

Tamper Proof Gaming
All gameplay happens using off-chain using a secure implementation of mental poker.

Instant Payouts
All payouts happen in less than 60 seconds and are automatically sent back to a player’s digital wallet when they leave a table.

Guaranteed Tournaments
Competitors spend money on expensive sponsorships on poker stars and athletes, we feel like our players would prefer if we spent that money on them instead, so we put our marketing resources into guaranteed tournaments.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : VPP
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 25,000 ETH
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC223)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :12,500 ETH
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :10,000,000 VPP
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :20,000,000 VPP
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    48 hours after token sale closes

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Founders & Team: 4 years lock-up; 25% after 6 months, 25% after 24 months, 25% after 36 months, 25% after 48 months
          • Advisors: 24 months vesting
          • Strategic Partners: 24 months vesting
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      25 Apr 14:00 UTC
      09 May 14:00 UTC
      0.00025 ETH No - 12,500 ETH 25,000 ETH
      • Team

        • Jim Berry photo
          Jim Berry
          Co-Founder and Lead Platform Engineer
        • Ryan Gittleson photo
          Ryan Gittleson
          Co-Founder, Business Development
        • Dan Goldman photo
          Dan Goldman
          Chief Marketing Officer
        • Iddo Bentov photo
          Iddo Bentov
          Chief Cryptographer
        • Javier Franco photo
          Javier Franco
          Development Team Lead
        • Jose Luis Diaz photo
          Jose Luis Diaz
          Head of Product
        • Colum Higgins photo
          Colum Higgins
          Senior Product Manager
        • Alvaro Rodriguez photo
          Alvaro Rodriguez
          Front-End and Solidity Developer
        • Daniel Ortega photo
          Daniel Ortega
          Back-End Developer
        • Catalin Dragu photo
          Catalin Dragu
          Art Director
        • Raul Guiu photo
          Raul Guiu
          Back-End Developer
      • Advisors

        • Joe Lubin
          Co-Founder of Ethereum, Founder of ConsenSys
        • Andrew Keys
          Co-Founder of ConsenSys Enterprise
        • Robert Davidman
          Senior Marketing Executive
        • Andrew Miller
          Assistant Professor at University of Illinois, Advisor to Z-Cash
        • Damian Sokol
          Former CEO of PokerStrategy (acquired by Playtech), Founder of QuizBeat

      Roadmap

      • Q1 2018
        • Identity Management
        • Data Storage
      • Q2 2018
        • Virtue Poker Private Alpha
        • Pre-Launch Event
      • Q2-Q3 2018
        • Rakeback Mechanism
        • Build out Multi-Table Tournament Functionality
        • Virtue Poker Limited Release (Open Beta)
      • Q4 2018

        Virtue Poker Public Launch Tournament

      • 2019

        Third-Party Operator Integration

      Activity