What is Virtue Poker

Conceived in 2016, Virtue Poker is a ConsenSys incubated, and Pantera backed company that uses the unique features of blockchain technology in conjunction with P2P networking to provide a safe, honest environment to play online poker. Player funds are never held by Virtue Poker; instead game buy-ins are held in escrow by Ethereum “smart contracts”​ while they play, and payouts occur in 30 seconds or less. Virtue’s Poker’s distributed peer-to-peer shuffling algorithm provides game security, since the deck never resides on a centralized server and is the first and only blockchain based poker platform licensed by the Malta Gaming Authority

Why Virtue Poker

Trustless and Transparent Payments: Using a combination of Ethereum based smart contracts and a Virtue Poker deployed sidechain, players always know their funds are secure

Game Integrity via P2P Shuffling: The world’s first and only GLI certified peer-to-peer shuffling protocol which includes all players seated at a table in the shuffling process

Multi-Token Wagering: Easily deploy new ERC-20 tokens for wagering on the platform allowing Virtue Poker to tap into existing cryptocurrency communities for acquisition

High Regulatory Barrier to Entry: First and only licensed blockchain based p2p poker platform by Malta Gaming Authority

Established and growing player base: 10k downloads, 5k registered users, and over 5 million hands played in Open Beta

Exclusive Professional Partnerships: Virtue Poker Team Pros includes 3 of the top all-time live earning pro’s: Phil Ivey, Dan Colman and Brian Rast

Token utility

Virtue Player Points (“VPP”) are the native token used only within the Virtue Poker platform. VPPs have three core utilities within the Virtue Poker network – they can be:

– Staked in a smart contract called the Justice Registry that enable users to stake tokens and validate hands on the network in exchange for up to 50% of platform fees;
– Used to access special tournaments, promotions, used to wager, and vote on new marketing proposals
– Vote on updates to the system including the eventual deployment of the VPP treasury after 2023

Backers (VCs, incubators, integrations etc.)

Virtue Poker was one of the first projects incubated within Consensys just a few months after Ethereum was launched. Virtue Poker is one of the oldest projects in the blockchain tech space still around.

Main Backers:
Pantera, Fenbushi, DFG Group, Founder of Matic/Polygon, Jez San from FunFair

Key Team Members:

Team Pro – Phil Ivey
Phil Ivey has 10 World Series of Poker bracelets and is the #6 all-time WSOP money-winner with over $26 million in live earnings. In addition, he is one of the top-performing online players, with winnings over $10 million, and has been to a record nine World Poker Tour (WPT) final tables. From 2002 to 2009, Ivey placed in the Top 25 in the World Series of Poker Main Event an unprecedented four times, and was a unanimous inductee into the WSOP Hall of Fame in 2017.

Technical Advisor – Joseph Lubin
Joseph is one of the founders of Ethereum, and is founder and CEO of ConsenSys, the world’s premiere blockchain venture production studio.