💵INSURANCE AGENCY
What is Poker Insurance?
Insurance refers to a form of a side bet. The key advantage of insurance is that it hedges against the inherent risk involved in poker. Insurance is a way to guarantee that you get something out of a strong poker hand in case of bad luck.
*Players can buy insurance if more than 1 player and less than 4 players are all-in at the same time.
MetaPoker Insurance Agency
Players can become a part of MetaPoker's Insurance Agency. MetaPoker Insurance Agency will issue 1 million shares each week, and each player is entitled to a minimum of 100 shares and a maximum of 1,000 shares. Funds raised from issued shares will be used to operate insurance policies in games and profits generated from MetaPoker's insurance are then redistributed to its shareholders. This feature is another way to engage with the platform and contribute to the platform's ecosystem without needing to be actively playing poker.
The bidding starts at 100 Chips per share. The bidding period lasts 48 hours. The insurance program automatically refreshes every seven days.
Instructions:
Total issuance of 1,000,000 shares/week
All members are eligible for bidding on the insurance
Each member is entitled to a minimum of 100 shares and a maximum of 1,000 shares
Bidding starts at 100 chips/share
Each member is given ten chances to re-adjust the bidding price
48 hours bidding period
Bidding results will be revealed within 6 hours after biding (choose the highest 1,000,000 shares of bid).
Bidding chips will be fully refunded back to the participants, who do not win the bid
The insurance program automatically refreshes every seven days
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