Polker ($PKR) Rises From the Ashes on Polygon Network Along with Epic Games and Android as The 2024 Bitcoin Halving Gets Closer

Just like a Phoenix, Polker is rising from the ashes. The past eighteen months have been challenging across the blockchain industry, but Polker has displayed resilience during these dark times. Poly Network was hacked in July, and their bridge lost control of over 50 tokens – PKR included. Despite having no contact or support from the team at Poly Network, Polker has succeeded in a damage mitigation plan and is returning to business as usual – this time on Polygon!

PKR was originally an ERC-20 token on Ethereum that was also bridged to BNB Smart Chain. Anyone holding PKR on either chain at the time of the snapshot (Monday, 24th July 23:59 EDT) can now claim their new tokens on Polygon here! Those who held PKR on a centralized exchange will receive the new token in the upcoming days. Trading is live on MEXC already – please read more about the CEX situation here. Since PKR is now on Polygon, and only Polygon, there is no risk of future bridge hack – and the cost of sending tokens is now less than $0.01!

Polker has also continued developing the game and has launched today (Friday, September 29th) on the Epic Games Store – you can download it directly from Epic here. Not only is the game live on the Epic Game Store, but Polker is also about to be launching its lite Android version in Q4 2023. Mobile has been a much-awaited feature from Polker, and their Android version’s release is an impressive milestone for the project. Other non-gambling mobile poker platforms, such as Zynga Poker and WSOP, have over 80m users each – with Polker on mobile. This is not only a massive move for Polker, but it opens the door to web3 for the 230m users of the Epic Game Store – Polker will be driving blockchain adoption for the masses. As Changpeng Zhao (Binance) and Michael Saylor (Microstrategy) push forward international blockchain adoption, Polker will be part of the movement. 

Polker may be releasing its first game, but remember, this company has so much more to come. Although Zynga Poker remains Zynga’s most popular game, they have over 200 apps between iOS and Android. Polker will release more games as time goes on, and 20% of the profit from these games will be used to buy back PKR. In August 2023, Zynga brought in over $100m from its mobile games. As Polker grows and releases more games, the more revenue streams lead towards the buy back of PKR!

It’s also important to remember that although Polker and PKR are separate entities, they are still very much intertwined. 20% of all profit of revenue from Polker will be used to buy back PKR from the market – this is not an insignificant amount. Imagine, at only $40m profitable revenue, Polker would be buying back $8m in PKR from the market, with 50% of these tokens burned and removed from circulation forever. Since PKR is non-inflationary, the token will be permanently deflationary as the company grows. This gives PKR a realistic chance of moving into a top 100 token towards the next market cycle!

Crypto has always been a cyclical market, and although history doesn’t always repeat, it nearly always rhymes. With the Bitcoin halving coming up in April 2024, the catalyst that opens the gates to the next bull run will have been activated. With BTC block rewards halved, the supply shock inevitably leads to a price increase in the following months. As BTC price increases, sentiment in the crypto market returns to positive, which drives the price of BTC higher. The rest of the market blossoms once people are confident in BTC again. With all of the positive news and tokenomic structures behind PKR, Polker has positioned the token to be a front-runner for the top 100!

Veridise has fully audited the token and claim contract – the audit results can be read here and have been fully verified by all partners and exchanges.