Community Contributions is one of the tools used in delivering a long-term strategy for our brand. But what is it all about?
Community Contributions come in the form of a percentage of cash games and tournaments. These numbers are incredibly low for the individual player, but collectively contribute in our efforts to bring bigger community-centric promotions, overlays, and much more.
Learn more about how Community Contributions on CoinPoker works and what it means for players by clicking the link below.
Since starting in 2017, CoinPoker has been operating as a commission-free platform in order to encourage users to test and try crypto poker. In order to continue to progress and deliver value to the community, CoinPoker will introduce low community contribution rates to cash and tournament tables. Traditional poker rooms both online and brick and mortar sustain themselves with revenue from table commissions. While keeping CoinPoker low-cost and easy-to-access for everyone is still a priority, growing and delivering more value is also the key to moving forward. Community contributions make value-driving activities like token burning possible and deliver the means to attract potential partners and advertisers as we continue to scale.
There is no commercial incentive behind this, and all contributions are reinvested into CoinPoker with the aim of continuing to build a thriving community.
Community contributions have been a part of our roadmap since CoinPoker’s ICO stage, and while our plans have evolved and adjusted over time, the overall goal remains the same. All of the funds collected in community contributions will be returned to the community in the form of community-centric promotional activities, partnerships, and more. A small part of community contributions will also be used to cover the administrative expenses as well.
Community contributions on cash games are currently set at 4%, while tournament contributions are set at 7%, CC for OFC games is 2% and CC for Cosmic Spins is 5%. These figures are subject to change depending on community feedback, which will be monitored closely.
Having contributions from the community is a big move, yet CoinPoker will still have one of the lowest collection policies on the planet as far as online poker rooms go.
In addition to delivering community incentives in the form of a better gaming experience and higher token value for investors, community contributions can also be put towards attracting more partners and advertisers, which is also an essential part of building a thriving community. These campaigns would be geared towards incentivizing advertisers and influencers to promote CoinPoker and help us spread our vision of crypto poker to all corners of the world.