Virtue Poker
Virtue Poker

Security Of Player Funds

ICO dates
Start date: 2018-04-25
End date:

Registrated in: Undefined


Virtue Poker categories
Casino & Gambling
Virtue Poker token sale
KYC passing required No | Whitelist No | Restriction for countries No
Soft cap 6,000,000 USD
Hard cap 12,500,000 USD
Tokens for sale 100,000,000
Token distribution in ICO
Acceppting ETH
Virtue Poker news, social
Virtue Poker search trends in Google
Random whitepaper excerpts

Table of Contents
Table of Contents
1. Abstract
1.1 Value Propositions
1.1.1 Eliminate Player Deposit Risk
1.1.2 Solve the Lingering Trust Issue regarding Gameplay Fairness
1.1.3 Reduce Player Costs and Create a Balanced Poker Ecosystem
1.1.4 Build out an Extensible Decentralized Poker Network
1.2 Short-Term Objective
1.3 Long-Term Growth Strategy
2. Problems with Online Poker
2.1 Introduction
2.2 Misuse of Player Funds
2.2.1 Absolute Bet and Ultimate Bet
2.2.2 Full Tilt Poker
2.2.3 Lock Poker
2.3 Poker Bots
2.4 Third-Party Tools and Software
2.5 Unequal Rake
2.6 The Broken Poker Economy
2.6.2 The Problem
2.7 Global Market Fragmentation
2.7.1 Black Markets
2.7.2 Dark Grey Markets
2.7.3 Grey Markets
2.8 Types of Operators
2.8.1 Onshore Operators
2.8.2 Offshore Operators
2.9 Limited Competition
2.9.1 Regulated B2C Market
2.9.2 Unregulated B2C Market
2.10 Random Number G...

3.1.1 Download Virtue Poker Client
3.1.2 Registration
3.1.3 Fund a Wallet
3.1.4 Create a Game or Join a Game
3.1.5 Buy-In
3.1.6 Gameplay
3.1.7 Payout
3.2.1 uPort
3.2.2 Ethereum Smart Contracts
3.2.3 Game Client
3.2.4 P2P Messaging
3.2.5 IPFS
3.3 Identity Management
3.4 Ethereum Smart Contracts
3.4.1 Casino Contract
3.4.2 Table Contract
3.4.3 Player Interactions with Table Contracts
3.4.4 Multi-table Tournament Contract
3.4.5 Justice Management Contract
3.5 Mental Poker
3.5.1 Overview
3.5.2 Mental Poker Algorithm: The Two-Pass Shuffle
3.5.3 Two Rounds of Encryption: Shuffling the Deck and Indexing the Deck
3.6 Peer-to-Peer Messaging
3.6.1 P2P Messaging for Game Client Synchronization
3.6.2 Off-Chain Gameplay
3.7 IPFS: Game-log Storage of Hand Histories
4. Game Security
4.1 Forms of Cheating in Online Poker
4.1.1 Collusion
4.1.2 Multi-accounting
4.1.3 Data Mining Partial Storage of Player Encryption Keys
5. VPP: Virtue Player Points
5.1 Becoming a Justice
5.1.1 Justice Submissions Review Process
5.1.2 Justice Fees
5.2 In-Game Currency
5.3 Special Tournaments
6. Roadmap
6.1 Key Activities
6.1.1 Platform Development
6.1.2 Marketing
6.1.3 Sponsorships and Public Relations
6.1.4 Legal
6.2 Development Roadmap
6.2.1 Current State
6.2.2 Further Development
6.2.3 First Quarter 2018
6.2.4 Second Quarter 2018
6.2.5 Second-Third Quarters 2018
6.2.6 Fourth Quarter 2018
6.2.7 2019
7. Team
7.1 Core Team
7.2 Advisors
7.4 Team Virtue Poker
7.4 Legal Partners
8. Appendix: Virtue Poker Architecture
8.1 System Architecture
8.1.1 Components
8.2 Game Engine
8.2.1 State Machine
8.2.2: Connected or Offline State
8.2.3: Lobby States
8.2.4: Game Play States
8.3 Ethereum Table Contract
8.3.1 Functions
8.4 Game...

1. Abstract
Online poker has grown from a handful of startups in the early 2000s to a multi-billion-dollar
industry today. And since its inception, 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.
Virtue Poker changes all that. It

is a decentralized platform for playing online poker with real
money. It 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.
1.1 Value Propositions
On Virtue Poker, there are no servers that store players funds and each player is involved in card
shuffling. Our goals are to:
1.1.1 Eliminate Player Deposit Risk
Virtue Poker enables players to have full custody over thei...

1.2 Short-Term Objective
Virtue Poker is building a production-ready application that will be deployed to the Ethereum
mainnet. To accomplish this and to move the company towards launch, Virtue Poker will build out
our development and marketing teams. The development team will focus on building out the user
interface, distributed shuffle and blockchain technologies. The marketing team will work on
building engagement with our alpha uses to source product feedback and iterate on the platform
design prior to launch.
1.3 Long-Term Growth Strategy
Our long-term strategy is comprised of two macro phases: (1) build out the technology and
liquidity for the platform as a business-to-consumer (B2C) operator to prove the desirability,
integrity and credibility of our solution and (2) expand globally through white-labeling to enable
new licensees in markets across the globe. This allows third-party companies to seamlessly and
inexpensively start their own blockchain-based online poker room using our core tech...

2. Problems with Online Poker
2.1 Introduction
Online gambling has grown into a multi-billion industry expected to top $50 billion by 2021.
Poker has been at the heart of this phenomenal success. The growth of online poker rooms ignited
following the televised World Series of Poker Main Event in 2003, in which an unknown amateur
poker player, an accountant named Chris Moneymaker, won $2.5 million.
Today, the global online poker market is over $2.5 billion dollars. Globally, the market is
dominated by Europe and Asia, with 47% and 30% of the market respectively, with North America
comprising 13%, Oceania 6%, and Latin America 2%.
Unfortunately, the online poker industry has been subjected to several scandals and has fallen
victim to malicious users. While top poker sites such as have adapted their
platform to this problematic behavior, many sites have failed to adjust, creating a lingering distrust
among many players.
2.2 Misuse of Player Funds
2.2.1 Ab...

2.2.3 Lock Poker
In 2015, Lock Poker, which offered games to US residents, was shut down after failing to honor
player withdrawals for nearly a year. Players lost an estimated $15-$24 million.
2.3 Poker Bots

poker bot is a software program that emulates real players online. Poker bots can sit across
multiple tables, and can run without human oversight. Poker bots vary in complexity: they can be
bought off-the-shelf, or can be custom-built and employed by an individual actor.
In 2015, a bot ring on PokerStars won nearly $1.5 million in $0.50/$1.00 and $1/$2 cash games.
There are companies such as WarBot that sell bots off-the-shelf to users who can run them on all
Publicly traded companies such as 888 Holdings have largely ineffective security
procedures to protect players against bots. 888 even has a blog post entitled “How to Play Against
Poker Bots,” calling them “weak
But bots are, in fact, a real threa...

Heads-Up-Displays: Displays real-time stats of opponents at active tables
These tools are designed to give players access to information about their opponents.
Unfortunately, these tools create a disadvantage for recreational players that are not using these
programs, who are unknowingly targeted by highly-skilled professionals.
2.5 Unequal Rake
Rake is collected in tournaments or cash games. For tournaments, a percentage, typically 6-10%, is
added to the buy-in. In cash games, a percentage is taken from each hand. Cash game rake online
is typically 3-5% with a cap between $0.30-$5 per hand, depending on the limits being played.
While the rake differs slightly at various sites, overall the rake structure is very similar across all
online poker rooms.
Figure 1 shows the current rake structure for PokerStars.
At first glance, this structure seems
to make sense: in absolute terms, higher stakes players are paying more rake than lower stakes
players, and are more valuable customers: <...

Virtue Poker Roadmap

Q1 2018
Identity Management
Data Storage
Q2 2018
Virtue Poker Private Alpha
Pre-Launch Event
Q3 2018
Rakeback Mechanism
Build out Multi-Table Tournament Functionality
Virtue Poker Limited Release (Open Beta)
Q4 2018
Virtue Poker Public Launch Tournament
Third-Party Operator Integration
Jim Berry
Jim Berry Co-Founder and Lead Platform Engineer

Ryan Gittleson
Ryan Gittleson Co-Founder, Business Development

Iddo Bentov
Iddo Bentov Chief Cryptographer

Javier Franco
Javier Franco Development Team Lead

Jose Luis Diaz
Jose Luis Diaz Head of Product

Colum Higgins
Colum Higgins Senior Product Manager

Alvaro Rodriguez
Alvaro Rodriguez Front-End and Solidity Developer

Daniel Ortega
Daniel Ortega Back-End Developer

Catalin Dragu
Catalin Dragu Art Director

Raul Guiu
Raul Guiu Back-end Developer

Joe Lubin
Advisors Joe Lubin

Andrew Keys
Advisors Andrew Keys

Andrew Miller
Advisors Andrew Miller

Damian Sokol
Advisors Damian Sokol

Álvaro Rodriguez
Álvaro Rodriguez
Dan Goldman
Dan Goldman
Head of Loan Operations About us
Head of Loan Operations About us