YELLOW PAPER Patent Granted - Polker
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TABLE OF CONTENTS Abstract 3 Token Economics 28 Token Distribution 29 Background 4 Token Vesting 29 Online Casinos Create a New Experience 4 Uncontested Industry Growth 4 Roadmap 30 Growth Has Encouraged Fraud 5 Disclaimer 31 The Advent of Blockchain in Online Casinos 6 Buyer Exclusion Criteria 32 Blockchain Casinos Force Token Usage 7 Participant Warning 32 Random Number Generators 8 Prominent Statements 32 Solution 9 Future Statements 32 Multi-Crypto Gameplay 11 Value Risks 33 Stablecoin vs Fiat Support 12 Gambling Risks 33 Single Coin Tables 13 Additional Blockchain Casino Games 13 NFT Collection Games 13 Technology 14 Our Smart Contract Methodology 15 PKR Smart Contract Architecture 16 PKR Architecture 17 Implementing True Random Number Generation 18 Revenue Model 20 Rake and Fees 21 Rake and Rakeback Model 22 Engagement Model 23 Referral Programs 24 Tournaments 24 PKR Tokens Functionality 25 Fee Discounts 26 Rakeback Bonus and VIP Stakes 27
POLKER ABSTRACT The online gambling and gaming market has seen exponential growth over the last several years, expecting to top $127 billion in revenue by 2027. Yet, this growth has also come with its own significant success1 and are challenges, such as fraud, dubious withdrawal poised to usher a new era of policies and cheating by both the house and provably-fair gameplay. its players. For years, players sought trusted sites, referencing third-party websites solely Polker (PKR) seeks to address the challenges of dedicated to reviewing and rating the fairness and provably fair gameplay, limited token support, trustworthiness of online casinos. But without a and wider acceptance and appeal to the both the way to prove fairness of gameplay, players were cryptocurrency industry and the overall online left to chance, with their funds at risk. gambling industry by offering a patent-pending, blockchain-based, provably fair, online casino The advent of blockchain technology has presented with no house edge. PKR will allow players a potential solve to many of these issues, and to bet, simultaneously in dozens of supported yet poses its own challenges such as limits in cryptocurrencies with the option to convert any the diversity of token support, and the difficulty their holdings or winnings to any of our dozens of associated with setting up plug-ins, extensions, supported cryptocurrencies through the use of our wallets and other ancillary software. Despite these uniquely integrated backend1. challenges, blockchain-based casinos have seen 1 Betting dApp TronBet Records $41 Million Weekly Volume, Set for $36 Million Year-End Profit https://cryptoslate.com/betting-dapp-tronbet-records-41-million-weekly-volume-set-for-36-million-year-end-profit/, S. Malwa, 2019 www.polker.io Copyright © 2021 Polker. All Rights Reserved. 3
BACKGROUND POLKER ONLINE CASINOS CREATE A NEW EXPERIENCE The first online casino, InterCasino made its debut or Atlantic City, it has brought unrestricted access in 1996. It offered 18 games to U.S. players that and the ability to play anytime from the comfort of connected on dial-up modems. For the first time, their own home. The market has signaled support players around the world could connect, play each towards this revolution, with online gambling other anonymously in games of chance and skill, steadily gaining market share from just 3% in 2009 and enjoy this experience from the comfort of their to 12.5%2-3, of the total estimated worldwide gross own home. For those who did not have convenient gaming yields (GGY) in 2018. access to gambling centers like Las Vegas, Macau UNCONTESTED INDUSTRY GROWTH Since then, the industry has grown exponentially, and payments accessibility has fueled the explosive generating some $52 billion in revenue in 2018, growth in online gaming over the past decade-and- alone. It has grown by 10% each year for the past a-half. However, as impressive as this growth is, decade. The industry best estimates are that the the potential for the market has yet to be realized. pace of growth will continue and by 2027, will Today, there exists a number of known issues top USD 127 billion. To put this in perspective, with gambling online, one in which fair play is the top three banking institutions in the world challenged, and users aren’t always getting the full generated USD 68.5 billion in 2018, off of USD 7 payout of their winnings. trillion in assets. No doubt, the surge in internet 2 Size of the online gambling market from 2009 to 2020 (in billion U.S. dollars), https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/, Statista, 2018 3 Global gaming market gross gaming yield (GGY) from 2001 to 2019 (in billion U.S. dollars), https://www.statista.com/statistics/253416/global-gambling-market-gross-win/, Statista, 2018 www.polker.io Copyright © 2021 Polker. All Rights Reserved. 4
BACKGROUND POLKER GROWTH HAS ENCOURAGED FRAUD However, this explosive growth in the market has and conditions of each casino, are victims of arbitrary brought upon its own challenges in the form of policies that favor the casino. Unfortunately, in fraudulent sites, unfair gameplay, rigged betting, this case, the player had little recourse to claim the and dubious internal policies that make withdrawals unpaid funds. of winnings difficult or sometimes impossible. Consumers are left with little legal recourse as these In another well-cited example, online casino, companies are based in remote corners of the world. Absolute Poker bilked some USD 20 million5 from To this point, few technology solutions have been players in an elaborate cheating scandal that made available that have provided us with the ability involved the owner of the site itself. When a player to audit and confirm fair play. suspected the site of cheating, he requested a copy of his hand histories, but instead received a data file Sites like the Wizard of Odds list over 130 casinos that contained every single player’s hand histories, IP on their “blacklist” citing irregular play, unfair addresses, and table observations. With the help of practices, or shorting customers on their winnings. the gambling community, they were collectively able The Pogg, another site that tracks irregularities to detect unusual “all-in” bets from a player with a with online casinos, lists 64 casinos on its blacklist particular poor performance and winning history, that and over 1,800 complaints filed by players. In one ended up netting that player significant earnings.6 example, an online casino called “Las Vegas USA” forfeited over $8,400 of a player’s winnings as a While some sites claim to be provably fair, the nature result of an arbitrary, “account dormancy” policy, of of software means that settings can be changed which it defined as “no activity within 180 days.”4 on the fly without knowledge of the player. The As a deliberate tactic, the casino slowly paid out the temptation to stack the cards in the house’s favor player’s winnings, such that only 60% would be paid is usually too great to pass up, especially when out in the 180-day window of time, knowing that is detection is difficult. While this behavior is illegal in was unlikely that the player would return after such many jurisdictions, recourse for the players is rarely a large win, and thus automatically triggering the an option. account dormancy policy in favor of the casino. Most players, not always familiar with the unique terms 4 Casino Complaints, https://thepogg.com/all-complaints/ 5 Timeline: Catching the Cheaters, http://www.washingtonpost.com/wp-srv/investigations/poker/time-scam.html, The Washington Post, 2018 6 The Absolute Poker Cheating Scandal Blown Wide Open, http://freakonomics.com/2007/10/17/the-absolute-poker-cheating-scandal-blown-wide-open/, S. D. Levitt, 2007 www.polker.io Copyright © 2021 Polker. All Rights Reserved. 5
BACKGROUND POLKER THE ADVENT OF BLOCKCHAIN IN ONLINE CASINOS With the advent of blockchain technology in the past the supplied seed to verify a match, proving that no decade, the online casino benefited from nascent malfeasance in game play occurred. technologies that would, for the first time in an era, Blockchain casinos, unfortunately, are not without allow for true, provably fair gameplay. Provably their own problems. Early implementations, fair gameplay is defined as an online game that while engineered to use the immutable nature of has a mechanism in place that allows players to blockchain technology, were limited by the maximum confirm the fairness of the game process. Usually, throughput of the networks they ran on. Some of the with blockchain, this means utilizing the public first provably fair gaming protocols, like FunFair, were and immutable nature of the technology to post built on Ethereum8, a network that averages between a transaction history for later audit, or making 10-15 transactions per second9 (compare this with the game engine code open-source so that it can a network like Visa which regularly processes be audited by the public. With the public and 7 1,700 tps10), causing significant transaction latency, immutable nature of distributed ledger technologies, especially during peak loads. Network fees also transactions, bets, and hands can be inputted made these protocols expensive to run. onto a ledger that is sufficiently distributed and decentralized, removing the need for trust in a central Despite these performance problems, blockchain gaming authority, website, or brand. casinos, if engineered correctly, are still the closest thing to “fair” that an online gambler will ever In 2012, the first provably fair blockchain casino, experience, and more recent distributed ledger Satoshi Dice was created. By posting the seed’s hash, technologies are enabling faster transaction users were able to compare the end hash value with throughput. 7 Provably Fair Games, Explained, https://cointelegraph.com/explained/provably-fair-games-explained, Cointelegraph, 2017 8 Funfair token presale raises $26 million in 4 hours, https://funfair.io/funfair-token-presale-raises-26-million-in-4-hours/, FunFair Technologies, 2017 9 Blockchain speeds & the scalability debate, https://blocksplain.com/2018/02/28/transaction-speeds/, Blocksplain.com, 2018 10 No, Visa Doesn’t Handle 24,000 TPS and Neither Does Your Pet Blockchain, https://news.bitcoin.com/no-visa-doesnt-handle-24000-tps-and-neither-does-your-pet-blockchain/, Bitcoin.com, 2018 www.polker.io Copyright © 2021 Polker. All Rights Reserved. 6
BACKGROUND POLKER BLOCKCHAIN CASINOS FORCE TOKEN USAGE However, current blockchain-based gambling sites significantly hampering the growth and potential of present their own problems. While not specifically blockchain-based games of chance. Currently, would- required to do so, many support just a single be players are required to convert the diversity of digital currency, with even the most well-known their cryptocurrency holdings into one or more of the cryptocurrencies being supported by just a limited standard supported currencies being supported by a few casinos. Most of these early entrants tout number of blockchain casinos. their blockchain technology, but in essence, were no different from other online casinos, except that Most blockchain casinos even require that their they accepted bitcoin or another cryptocurrency native token be used as the sole and exclusive instead of fiat. These were not provably fair as the currency on their platform, further limiting betting use of blockchain was limited to the acceptance of options for players. While blockchain-based casinos cryptocurrency and did not leverage Smart Contracts are paving the way for verifiable and provably fair or the principles of immutability in distributed ledger game play, limitations of currency support are technologies to this effect. We believe this limit is severely limiting their total potential. Platform Name Currencies Provably Fair Multi-Coin Betting Blockchain Tech Launched BTC, ETH, BCH, LTC, Bitcoin Casino No DOGE EOSBet EOS Token Yes MECA Coin, MECA MecaCoin Yes Chip Edgeless EDG Token Yes CasinoFair FUN token Yes CoinPoker CHP Token Yes Virtue Poker ETH Yes Initially 7, up to a Polker Yes hundred or more Fig. 1 – a comparison of various blockchain casino sites and their features Based on what we know, there are many recent fair gameplay, combined with exclusive use of a entrants into this space, however, the space is still native token, versus the expansion of cryptocurrency highly fragmented, with most newcomers focusing support and usage in the space as whole. on the use of blockchain technology for provably www.polker.io Copyright © 2021 Polker. All Rights Reserved. 7
BACKGROUND POLKER RANDOM NUMBER GENERATORS Random number generators (RNG) are essential a set of variables. The algorithm is fixed. This is to all software-based casinos. Whether it’s the what makes PRNG’s hackable.11 If someone knew randomness of cards dealt, or dice rolled, they are what seed numbers and algorithms were used in an the source of the randomness necessary to ensure online casino, they could use that information to fair play. RNG’s assure that online casinos do not cheat. Indeed, this has happened in the past.12 generate hands or rolls based on pre-programmed values, which would allow a casino to cheat by Blockchain technology has, in part, alleviated some enabling it to pre-determine the outcome of each of the prior challenges of implementing a true round of play. By deriving live game play results on random number generation scheme, however this randomness, the idea is to prevent the “house” from comes at a literal cost of blockchain transaction fees stacking the cards in their favor. as well as the time to process transactions. Each round of gameplay would trigger a random number Prior to the mainstream use of blockchain generation event – based on this the total aggregate technology, online casinos used pseudorandom fees would be significant, especially if we consider numbers generators (PRNGs) to produce a busy day on PKR could easily generate 15,000 pseudorandom numbers (PRNs) that create results transactions. This will always require that a miner similar to a randomly dealt live hand or dice play. process a transaction prior to the random number The word “pseudo” means that these RNG’s are not being generated. Miner confirmations reduce the “truly” random. This is because a combination of chance of malfeasance, but also requires time, up to a known seed and a pre-programmed algorithm 20 minutes in some cases. Thus, public blockchain are required to enable a program to perform the applications may not always provide the requisite requisite mathematical function for each number practical solve for the random number generation generation. In effect, the software algorithm “tells” challenge. the machine, how to calculate the next number from 11 About Random Number Generators, https://www.gamblingsites.com/online-casino/introduction/random-number-generators/, Gamblingsites.com, 2018 12 Meet Alex, The Russian Casino Hacker Who Makes Millions Targeting Slot Machines, https://www.wired.com/story/meet-alex-the-russian-casino-hacker-who-makes-millions-targeting-slot-machines/, B. Koerner, 2017 www.polker.io Copyright © 2021 Polker. All Rights Reserved. 8
POLKER SOLUTION PKR is a blockchain-based, provably fair, online casino that will allow players to play with dozens of cryptocurrencies without the need to convert their holdings to a single- supported cryptocurrency standard. PKR is a blockchain-based, provably fair, online technology. casino that used patent-pending technology Our novel technology has multiple patented and that will allow players to bet in initially dozens patent pending filed with the United States Patent cryptocurrencies but eventually hundreds, without and Trademark Office.13,14,15. the need to convert their holdings to a single- supported cryptocurrency standard. PKR does Ultimately, our mission is to increase this by nearly instantly calculating the value of all cryptocurrency adoption in the online gambling cryptocurrency bets and displaying them in locally space, while using blockchain as a mechanism recognized fiat values such as USD, EURO, GBP, to provide provably fair gameplay. We believe, WON, YEN or any other major fiat currency. By that in order to increase the adoption of displaying values in the players native fiat currency, cryptocurrencies, we must be agnostic in the our platform enables a global audience to bet in types of cryptocurrencies we support on the cryptocurrency while relying on pricing data that platform. To that effect, our vision is to focus on is relevant to their locality. At the conclusion of the development of technologies to enable fair gameplay, the player has the option to convert and accurate reporting, support the widest array winnings to that player’s preferred cryptocurrency of cryptocurrencies on our gaming platform, and upon cashing out. PKR accomplishes this by deliver near instant conversion of such currencies utilizing its own uniquely integrated backend for the benefit of our players. 13 Online Gaming Platform Integrated with Multiple Virtual Currencies, Online Gaming Platform Integrated with Multiple Virtual Currencies, Patent Number: 10,586,427 Patent Number: 10,867,474 14 System And Method For Auditing Gameplay, Patent Pending No. 17/094,003 15 Online Gaming Platform For Random Number Generation Patent Pending No. 17/110,799 www.polker.io Copyright © 2021 Polker. All Rights Reserved. 9
POLKER We envision several critical technology components to enable this: A public-facing gaming platform that An API that interfaces with these Smart will enable players to log in, select from Contracts and our backend system, to an array of games, bet, play hands, in help provide critical information such as an intuitive and visually stunning game realtime pricing interface An API that accurately relays off-chain A centralized wallet architecture to support pricing data to the on-chain Smart Contract a broad array of cryptocurrencies, using partner technologies to store funds Blockchain that will record, process and on behalf of our players, enabling resolve all transactions and be auditable simplified escrow, deposit and withdrawal by all players capabilities. Collect all NFT cards and all NFT chips A cryptocurrency integrated backend to from medals redeems, achievements, allow players to convert cryptocurrencies weekly challenges and from random they may have won from other players to NFTdrops. their preferred cryptocurrency A public utility token called PKR Token can be used to purchase store items, game character assets, and can increase rakeback bonus and discounts. www.polker.io Copyright © 2021 Polker. All Rights Reserved. 10
SOLUTION POLKER MULTI-CRYPTO GAMEPLAY Perhaps the most important feature of our platform is support of a multitude of cryptocurrencies to Due to the unique nature of our platform, players be used by players for their bets. We do this by can also bet in more than one cryptocurrency. For creating and deploying the appropriate blockchain example, a player can place a bet using Ethereum wallets for our supported cryptocurrencies. Before and EOS, in any ratio they wish, provided the total each player bets on their hand in their preferred amount of the bet matches the table minimum as cryptocurrency, these funds are transferred from calculated by our platform. This feature enables their individual wallets into our escrow wallets, users to store a broad range of cryptocurrency while the value of the bets are calculated in holdings, and play such holdings, without having realtime in USDT or similar tablecoin. This assures to incur conversion fees to aggregate them into that each players bet matches the value of other a single currency standard for gameplay. It also hands played regardless of the cryptocurrency used allows users to bet in cryptocurrencies that they or the local fiat it is calculated in. The winning have won, but do not ultimately wish to hold. player is credited with the total pot, in each of the different cryptocurrencies played. It is possible Our goal is ensure that our users will have the for six different players to be using six different ability to convert such cryptocurrencies to their cryptocurrencies, and as such, the wining player to preferred cryptocurrency. have six cryptocurrency winnings, each with their respective holdings. www.polker.io Copyright © 2021 Polker. All Rights Reserved. 11
SOLUTION POLKER MULTI-CRYPTO BACKEND At several point during gameplay, a user can The fully integrated solution will be invisible to convert one, several or all of their unique players on our online casino. It will support fast, cryptocurrency holdings into a single preferred one-click, cryptocurrency conversions without cryptocurrency. This is enabled through an ever requiring the user to perform typical trading integrated backend system that we will build activities such as inputting limit orders, or reading and integrate into our platform. The exchange the order book, charts and/or trades. will take the spot price of the various supported cryptocurrencies, and convert between each. It will utilize funds it holds in its partner accounts to help settle transactions instantly. For simplification of the player experience, this platform will operate in two distinct ways: 1. As a fully-integrated, seamless solution to the online casino STABLECOIN VS FIAT SUPPORT PKR intends to launch supporting USDT, with The use of the above USD-based tokens enables eventual support added for TrueUSD and USDC. users to bet, and/or “cash out” their cryptocurrency winnings to a stable currency. The use of stable coins is expected to help provide additional liquidity to our platform without requiring the need to support fiat. Due to the sometimes-strict regulatory requirements around online casino establishments, PKR will not initially launch with fiat support. Instead it will carefully evaluate each locality’s laws and perform the necessary steps to achieve regulatory approvals. www.polker.io Copyright © 2021 Polker. All Rights Reserved. 12
SOLUTION POLKER SINGLE COIN TABLES For online poker veterans who are committed to cryptocurrencies from our multi-coin tables into using their cryptocurrency of choice, PKR will offer their preferred cryptocurrency, saving users on fees. single coin tables that restrict betting to a single Single coin tables will not support PKR tokens, cryptocurrency. This negates the requirement and therefore are not eligible for betting leverage for a user to convert a multitude of varying features. ADDITIONAL BLOCKCHAIN CASINO GAMES While we believe poker will be a significant draw technology and provably-fair experience can be and easily relatable, our goal is to eventually applied across a near limitless array of “games of expand to a number of other casino games to chance” such as dice games, blackjack, and even diversify our product and increase engagement. new genre’s such as video games gambling. Our True Random Number Generation (TRNG) NFT COLLECTION GAME PKR will also be launching NFT rewards, but broken be given a collectible card, whether it’s a standard, down in 2 categories; Token NFTs and Chip NFTs. a rare or an Ultra-rare. These NFTs will be a collectible game where you With Chip NFTs, players around the world will be can buy, sell, and trade to collect all 1000 of the able to collect all 1000 chips in play money mode. cards using PKR Token in crypto mode or all 1000 Players will be able to accomplish these by random chips in play money mode. With Token NFTs, earnings and from unlocking rewards within the players will be able to stake in crypto mode using game. PKR Tokens and depending on the amount, you’ll Selected countries and restriction can only affect Token NFTs www.polker.io Copyright © 2021 Polker. All Rights Reserved. 13
POLKER TECHNOLOGY www.polker.io Copyright © 2021 Polker. All Rights Reserved. 14
TECHNOLOGY POLKER OUR SMART CONTRACT METHODOLOGY As players submit their bets in their respective Below are several of the values which will be cryptocurrencies, realtime pricing information submitted to the Gameplay Smart Contract during is communicated via our platform and is made gameplay. All values are made available by the available for calculation of table and hand bets as backend service powered by our platform API to they occur. For example, if a player elects to make ensure values are properly communicated from off- a bet using Bitcoin, the realtime pricing of Bitcoin chain sources to the Gameplay Smart Contract and is provided in the players choice of fiat currency, blockchain. such as USD. Although the bet is placed in Bitcoin, by communicating an equivalent fiat value, this enables players to bet using a standardized and known hand value. This becomes increasingly important as a player performs a single bet in two or more cryptocurrencies. fiat_crypto_conversion_val house_rake total_pot bet_val_fiat hand_play_type game_no bet_val_crypto card_val hand_no player_ID outcome Fig. 2- example values stored in the GamePlay Smart Contract www.polker.io Copyright © 2021 Polker. All Rights Reserved. 15
TECHNOLOGY POLKER After the game has finished, many of the gameplays supplied by the platform to the blockchain values are written onto the smart contract and Gameplay Smart Contract are one and the same as recorded onto the blockchain. In essence, values values presented in the gameplay UI. Random card values SH A 256 # All gameplay value s PKR Gam e Crytographi c Hash 1 PKR Gameplay Blockchai n Engine Function Smart Contrac t PKR Smart Contract Architecture Fig. 3 – The PKR Gameplay Smart Contract is responsible for passing realtime market values supplied by the Gameplay to the player UI, while recording gameplay value into Blockchain for player transparency and evidence of provably fair gameplay While it can be ascertained that the values the against the values in our Gameplay Smart Contract platform supplies must be made available for to prove fairness. It is important to note that only discrete off-chain sources, and deemed reliable, such information that is made visible to all players Polker will disclose the source of these values, such shall be readily available in the Gameplay Smart as pricing information and fiat conversion values Contract. For example, users who fold and do wherever possible. Some information will be pulled not present their cards for viewing, do not create directly from the PKR gameplay backend, such as a recording event for those card values within game numbers, hand numbers, player ID’s, and the Gameplay Smart Contract. This ensures fair similar. Since the Gameplay Smart Contract records gameplay and prevents any other user from gaining these when the game is played, they cannot be an advantage by making inferences on betting adjusted at a later date, therefore the information is behavior of any specific folding player hand by guaranteed to be accurate at the time of gameplay. using known card values. Players on our platform are free to manually record their actual hand histories and winnings to match www.polker.io Copyright © 2021 Polker. All Rights Reserved. 16
TECHNOLOGY POLKER i- c o in / s in g le M u lt c o in F ia t / C r y p t o V a lu e s CPE AP I gs 1 Bets Place d n in in Escro w 2 W Wallets s e lu Gameplay Smart 3 e Va R ak Contrac t Backend & G 4 ed RN V a lu e s S in Oracle Service tor a O n- c h Winning 8 Player Wallet 7 House Wallet Random Number 5 Generato r 9 Blockchai n 6 Hands dealt 5a Player Seed PKR Architecture 5b Platfor m Fig 4. – 1) bets are placed and submitted to the 2) PKR escrow where they are held until a winner is determined. 3) the GamePlay Smart Contract obtains currency values supplied by the 4) backend service while bringing in the 5) random number value to determine the next assortment of 6) cards for gameplay. The random number is generated by using the combination of 5a) player and 5b) platform seeds. Once a round of play is complete, a portion of the pot is given to the 7) house as rake while the remaining balance is released to the 8) winning players credit. Finally, all values are updated in 9) the blockchain and are made visible to all players The Gameplay Smart Contract does not actually 1. House wallet(s) for rake fees store or lock tokens, on-chain. This becomes 2. Winning player(s) credit(s) impractical due to the multi-crypto betting architecture – there costs involved in on-chain fees Any funds that are moved elsewhere would create a to support Smart Contracts for each blockchain discrepancy to the reported values in the Gameplay token, would be prohibitive expensive to the end Smart Contract and the actual funds received by user. Even still, many well-known cryptocurrencies parties. do not support native Smart Contracts. However, tokens that are bet are deducted from a players credit, and held on our centralized escrow accounts for the respective cryptocurrencies played. www.polker.io Copyright © 2021 Polker. All Rights Reserved. 17
TECHNOLOGY POLKER IMPLEMENTING TRUE RANDOM NUMBER GENERATION Polker has developed an innovative model to function to produce a resulting hash. That hash produce True Random Numbers (TRNs) in order to is then combined with the resulting blockhash create a fair gaming environment. from the most recent blockchain transaction on the blcockchain and then once again run through PKR’s Random Number Generator (RNG) program a cryptographic function to produce a final originates with the creation of seeds by all players hash output. That hash output is run through as well as PKR. The platform aggregates these a published algorithm to produce values that seeds, runs them through our RNG and passes the correspond to cards. resulting numeric value through a cryptographic # TRN Hash 3 True Random Number Player A Seed SHA 256 # Player D Seed Hash 1 Blockchai n Cryptographic Function Platform Seed # + Hash 1 PKR True Random Number Generato r Blockhash 2 Fig. 5 – PKR generates TRN’s using a combination of player and platform seeds, along with the last blockhash produced by the blockchain, and the hash produced by the running the seed generated RN through a cryptographic function. www.polker.io Copyright © 2021 Polker. All Rights Reserved. 18
TECHNOLOGY POLKER At the conclusion of gameplay, the seed values been involved. The lesser predictable the course, are made available, and the hash can be matched the lesser the chances of an exposed sequence against the seeds, blockhash and cryptographic which can be hacked or previously chalked out. Any function to confirm that the output was not player in the system cannot see the contributed tampered. All transactions are recorded on the value of other players before the Random Number clockchain and resolved. Generator has completed with generating a sequence of random numbers. The heightened The introduction of player’s seed in combination security of a blockchain network is brought about with the random nature of the blockhash value by the immutability of the hashes that makes up assures that the number generated is truly random, the blocks of the chain. The hashes are determined while remaining verifiable and provably fair. according to a hashing algorithm that maps data of arbitrary size to a hash of a fixed size. It’s designed The technology that enables the Platform to offer to be a one-way function, infeasible to invert. true random number lies in that fact that the source of the numbers are chaotic once Blockchain has www.polker.io Copyright © 2021 Polker. All Rights Reserved. 19
POLKER REVENUE MODEL www.polker.io Copyright © 2021 Polker. All Rights Reserved. 20
REVENUE MODEL POLKER RAKE AND FEES PKR charges a fee based on the following schedule of events: Fee Type Fee or Percentage 2.50% Rake Cap starting at $0.5017 RAKE AND RAKEBACK MODEL Polker earns a small portion of the total pot All players on our platform are eligible for a from each round of completed gameplay. This is rakeback – a reward paid to players at the end of traditionally known as the “rake” and is a fee to pay each month based on their total rake paid. As the for the upkeep, maintenance and utilization of our rake is a percentage of the winnings, it is calculated gaming platform. Currently this is expected to be based on the proportionate amount of his/her pot set at 2.5% of the total winnings with a starting contribution. As such, rakeback is credited in the rake cap at $0.50. The rake cap is variable and will same way, and is based on the monthly aggregate adjust upward depending on the player count, limit of rake balance calculated by our platform for each size and pot size. These values will be defined and player. published in a schedule upon completion of game development. 16 Fees subject to change. 17 Rake cap is based on several factors including player count, limit size, and pot size and will vary accordingly, this will be defined in a schedule once the development of the game is complete www.polker.io Copyright © 2021 Polker. All Rights Reserved. 21
REVENUE MODEL POLKER Level Amount Percentage Conditions • Rakeback is paid to the user at the end of each month. Rookie $10 ($1-$10) 1% • If you level up you will get that new level rake, if you fail to reach the minimum target for that level, you go down a level. • Rakeback is paid to the user at the end of each month. Amateur $50 ($11-$50) 10% back • If you level up, you will get that new level rake, if you fail to reach the minimum target for that level, you go down a level. • Rakeback is paid to the user at the end of each month. Professional $500 ($51-$500) 20% back • If you level up, you will get that new level rake, if you fail to reach the minimum target for that level, you go down a level. • Rakeback is paid to the user at the end of each month. $1000 ($750- World Class 30% back $1000) • If you level up, you will get that new level rake, if you fail to reach the minimum target for that level, you go down a level. • Rakeback is paid to the user at the end of each month. $2000 ($2000 + Legendary 45% back Plus) • If you level up, you will get that new level rake, if you fail to reach the minimum target for that level, you go down a level. www.polker.io Copyright © 2021 Polker. All Rights Reserved. 22
POLKER ENGAGEMENT MODEL www.polker.io Copyright © 2021 Polker. All Rights Reserved. 23
ENGAGEMENT MODEL POLKER RAKE PROMOTION In order to encourage early adoption and gameplay, PKR will offer a 100% rake rebate for the first 10,000 rounds of poker play, equating to free-rake play. REFERRAL PROGRAMS Referral programs act as a catalyst for any online affiliates, the company aims to maintain a mission Poker platform as it drives traffic towards the website. of platform transparency while seeing an increase Polker plans to implement a unique referral program in network revenues from its affiliate program. involving referral codes, that offers full visibility to Maximizing referrals through enhanced engagement affiliates. Affiliates will be able to track the usage may also increase brand visibility. of their referral codes so that they have visibility over the referral process. By offering full visibility to TOURNAMENTS Throughout the course of the operation of our Some examples of incentives and bonuses that we platform, we intend to host a regular schedule of may utilize in our tournaments include but are not tournaments to increase engagement, excitement limited to: and ultimately, recognition of our online casino. We intend to use tournaments to introduce a diverse array of incentives and bonuses not Discounted or zero rake normally available during standard play, to drive PKR bonus winnings added traffic, participation and growth to our platform. during gameplay Tournaments also offer the opportunity for additional publicity, in the form of press releases, Free cryptocurrency conversions results announcements, and allowing viewers to watch live. Custom coin-use restrictions www.polker.io Copyright © 2021 Polker. All Rights Reserved. 24
POLKER PKR TOKENS FUNCTIONALITY www.polker.io Copyright © 2021 Polker. All Rights Reserved. 25
PKR TOKEN POLKER FEE DISCOUNTS PKR charges fees based on several different types PKR will automatically deduct the requisite amount of usage on our platform. These fees are typically of tokens from a user’s platform wallet to pay for the deducted directly from their respective transactions, above fees, based on the market value of PKR at the in the cryptocurrency used for that transaction. time of the credit. These discounts will decrease However, PKR Tokens held in our platform wallet each subsequent year based on the schedule below enable players and exchange users to obtain until it is eliminated completely by Year 5: discounts on these fees – such fees will be paid in PKR Tokens in lieu of the cryptocurrency used in the transaction. Discount Rate 50% 25% 15% 10% YEAR 1 YEAR 2 YEAR 3 YEAR 4 www.polker.io Copyright © 2021 Polker. All Rights Reserved. 26
PKR TOKEN POLKER RAKEBACK BONUS The unique nature of our platform allows Rakeback of which will be published on our platform when bonuses to be paid based on a players PKR token it is live. This means a player can have a zero PKR holdings. Players essentially “stake” their PKR tokens Token balance in their wallet at any time prior to by simply holding a balance in their wallet, and the snapshot, but must have all of their PKR Tokens based off of this balance, are paid rakeback bonuses transferred back into their platform wallet prior in addition to the standard rakeback percentages. to the snapshot in order to be credited a rakeback Players with higher PKR Token balances in their bonus. platform wallets, will earn greater bonuses. PKR will take a snapshot of all user PKR Token wallet balances prior to the rakeback calculation, the date PKR Tokens Held in Wallet Additional Rakeback Bonus 50,000 2.5% 100,000 5% 200,000 10% 500,000 20% Fig. 6 – PKR Token staking rakeback bonus structure NFT VIP STAKE Our NFTs will be a collectible game where you can (from rake back bonus) as well monthly drops ranging buy, sell, trade, earn from rewards, and stake/hold to from standard to ultra rare NFT cards. We bring you collect all 1000 cards using our PKR Token in crypto the first NFT collectible trading card poker game mode. Our stake will be broken down into 5 VIP experience in crypto mode. Please see the table classes (Bronze, Silver, Gold, Platinum, and Diamond), below for breakdown of VIP classes. each of these classes will have its own stake-backs Selected countries and restriction can only affect Token NFTs VIP Classes Monthly NFT Drops Bronze 125,000 1 NFT (Standard) Silver 375,000 1 NFT (Standard or Rare) Gold 750,000 1 NFT (Standard or Rare Hologram) Platinum 1,500,000 3 NFT (Standard, Rare, Ultra-Rare) Diamond 2,500,000 5 NFT (Standard, Rare, Ultra-Rare Hologram) www.polker.io Copyright © 2021 Polker. All Rights Reserved. 27
POLKER TOKEN ECONOMICS Polker’s platform is powered by the Polker Token (PKR) a cryptographic token built on the ERC-20 token standard. PKR Token will be created and deployed on Ethereum’s Mainnet. PKR Token’s usage, and economics are described in this section of the document. PKR Token will be used, initially, for the following: 1. The purchase of in-game assets and store items. 2. To acquire Rakeback bonuses. 3. To absorb transaction fees with discounted rates. 4. As a reward from participation on the PKR platform. www.polker.io Copyright © 2021 Polker. All Rights Reserved. 28
TOKEN ECONOMICS POLKER PKR TOKEN DISTRIBUTION Tokens created by the contract will be distributed based on the following: Total PKR Token Supply : 1,000,000,000 3% 10% 25% 15% Advisor Team Operation Development 15% 10% 10% 12% Token Sale Bonus, Reward & Exchange Liquidity Marketing Bounty www.polker.io Copyright © 2021 Polker. All Rights Reserved. 29
POLKER ROADMAP PKR Prototype Showcase at Crypto Invest Summit in Los Q4 Angeles, CA USA 2018 Q1 Platform Development 2019 Patent Issued, no. 10,867,474 from USPTO Q2 2019 Q4 Start Up summit in Malta, ranked top 10. 2019 Platform Development Patent Issued, no.10,586,474 from Q1 USPTO 2020 Platform Play Chip Game Q2 Beta Launched 2021 NFT Launched Platform Real Game Launch Q4 2021 Q1 Mobile Game Launch 2022 Launch New Games Q4 2022 www.polker.io Copyright © 2021 Polker. All Rights Reserved. 30
DISCLAIMER POLKER In consideration of PKR™ (the “Company”) providing underlying value of the tokens on offer. Prospective this Whitepaper to the recipient, the recipient participants must make their own assessment acknowledges that the contents of this Whitepaper about whether the price of the tokens being offered are confidential to the Company and the recipient represents fair value. agrees not to disclose, distribute or permit to be communicated verbally, directly or indirectly or PARTICIPANT WARNING otherwise, or to otherwise publish the contents of this Whitepaper except with the prior written It is highly speculative and before participating in any consent of the Company. For the purposes of this project about which information is given, prospective acknowledgement “recipient” includes, without participants are strongly advised to seek appropriate limitation, any principal, employee or agent of the professional advice; recipient. The information contained in this has been prepared This Whitepaper, and any offers made within it, is by or on behalf of the Company. PKR™ has not solely for Participants. undertaken an independent review of the information contained in this Whitepaper. This Whitepaper provides a summary of the main features of the Company. It contains general advice PROMINENT STATEMENTS only and has been prepared without taking into account any participant’s objectives, financial The information contained in this Whitepaper about situation or needs. Participants should read the the proposed business opportunity is not intended Whitepaper carefully and assess whether the to be the only information on which a decision is information is appropriate for them in respect of their to be made and is not a substitute for a disclosure objectives, financial situation and needs. document, or any other notice that may be required under law. Detailed information may be needed to This Whitepaper does not purport to contain all make a token participation decision; the information that a prospective participant may require. In all cases, interested parties should conduct Prospective participants should be aware that no their own investigation and analysis of the Company established market exists for the trading of any and the data contained in this Whitepaper. tokens that may be offered. The Company does not make any representation FUTURE STATEMENTS or warranty as to the accuracy or completeness of the information contained in this Whitepaper. Except for historical information, there may be Furthermore, the Company shall not have any matters in this Whitepaper that are forward-looking liability to the recipient or any person resulting from statements. Such statements are only predictions the reliance upon this Whitepaper in determining and are subject to inherent risks and uncertainty. to make an application to apply for shares in the Forward-looking statements, which are based Company. on assumptions and estimates and describe the Company’s future plans, strategies, and expectations The Company considers that the financial and non- are generally identifiable by the use of the words financial information contained in this Whitepaper ‘anticipate’, ‘will’, ‘believe’, ‘estimate’, ‘plan’, ‘expect’, has been prepared to the best of its reasonable ‘intend’, ‘seek’, or similar expressions. Participants knowledge and ability. However, recipients must rely are cautioned not to place undue reliance on on their own investigation of all financial information forward-looking statements. By its nature, forward- and no representations or warranties are or will looking information involves numerous assumptions, be made by the Company as to the accuracy or inherent risks and uncertainties both general and completeness of such information. specific that contribute to the possibility those predictions, forecasts, projections and other forward- The Company makes no representation about the looking statements will not occur. Those risks and www.polker.io Copyright © 2021 Polker. All Rights Reserved. 31
DISCLAIMER POLKER uncertainties include factors and risks specific to the profitability of the bankroll and number of tokens in industry in which the Company operates as well as existence. There is no guarantee or expectation that general economic conditions. Actual performance PKR tokens will increase in value, provide a return, or or events may be materially different from those have sufficient adoption and liquidity on exchanges. expressed or implied in those statements. Owning these tokens does not constitute a share of equity or ownership in the PKR company. The All forward-looking statements attributable to token economy is new and exciting. While unlikely, the Company or persons acting on behalf of the regulatory circumstances may require that token Company are expressly qualified in their entirety mechanics be changed or altered. by the cautionary statements in this section. Except as expressly required by law, the Company PKR tokens do not have any rights, uses, purpose, undertakes no obligation to publicly update or revise attributes, functionalities or features, express or any forward-looking statements provided in this implied, including, without limitation, any uses, Whitepaper whether as a result of new information, purpose, attributes, functionalities or features on the future events or otherwise, or the risks affecting this PKR platform. Company does not guarantee and is information. not representing in any way to buyer that the PKR tokens have any rights, uses, purpose, attributes, None of the Company, its officers or any person functionalities or features. PKR tokens may have no named in this Whitepaper with their consent, or value. The company reserves the right to refuse or any person involved in the preparation of this cancel PKR token purchase requests at any time at its Whitepaper, makes any representation or warranty sole discretion. (express or implied) as to the accuracy or likelihood of fulfilment of any forward-looking statement except BUYER EXCLUSION CRITERIA to the extent required by law. The forward-looking statements reflect the views held only as at the date No U.S. or Chinese buyers or participants: PKR tokens of this Whitepaper. are not being offered or distributed to U.S. or Chinese citizens. If you are a citizen, resident of, or a person VALUE RISKS located or domiciled in, the United States of America including its states, territories or the District of Tokens issued by PKR may drop substantially in Columbia or any entity, including, without limitation, value, or may remain illiquid for long periods of any corporation or partnership created or organized time or indefinitely. PKR cannot guarantee an in or under the laws of the United States of America, active secondary market for the exchange of tokens any state or territory thereof or the District of purchased in the token sale. Furthermore, the Columbia or, if you are citizen, resident of, or a person participants fully acknowledges that secondary located or domiciled in, or any entity, trading markets such as exchanges are extremely including, without limitation, any corporation or limited for security tokens and that specific regulatory partnership created or organized in or under requirement must be met in order to facilitate the laws of the People’s Republic of China do not listing and active trading. Not all disclosures or purchase or attempt to purchase PKR tokens or statements are being made in this disclaimer section. participate on the website. Participants should review the token sale agreement in its entirety and seek the professional advice of legal counsel and investment professionals. PKR tokens change in value depending on the www.polker.io Copyright © 2021 Polker. All Rights Reserved. 32
DISCLAIMER POLKER GAMBLING RISKS Participation in all games is solely at your own risk and PKR is not liable for any damages, expenses, or Please note that online gambling is an entertainment losses which may or may not have arisen from the vehicle that carries a certain degree of financial use of our services. Please exercise caution with risk. Players should be aware of this risk and govern cryptographic assets and do not invest money that themselves accordingly. There is nothing contained you cannot afford to lose. herein that constitutes a guarantee of winning, nor is there an intention to induce any person to No persons under the age of 18 are permitted to violate any local, state, or national laws. Recognizing gamble. that cryptocurrency and online gambling laws and regulations vary across the world and are constantly Winners know where to stop. The national council on changing, players are advised to reference laws problem gambling (U.S.) can be contacted at 1-800- within their own jurisdiction to ascertain the legality 522-4700; European helplines can be found here: of actions. It is your sole responsibility to ensure that online gambling or ownership of tokens is legal in http://www.europeancasinoassociation.org/helplines- your jurisdiction. helpcenters-self-exclusion-portals/ www.polker.io Copyright © 2021 Polker. All Rights Reserved. 33
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