In the past year, we have witnessed an incredible journey of growth and expansion at Stretch Network.
Our footprint now extends to various corners of the globe, and we went live in more than 10 geo locations around the world including South Africa (where we have established a strong presence within a local network.), India, Latin America, Eastern Europe, and Asia (where our strong global network now extends), connecting poker enthusiasts across diverse regions.
Furthermore, we are excited to announce a cooperation with the world of cryptocurrencies, ushering in a new era of innovation and possibilities for our platform. Thanks to our partnership with FTN and Fastex 200,000 euros worth of FTN were distributed through various tournaments.
Through our partnership with operators that have business activities in Latin America and Europe, we've significantly increased our MTT traffic. This collaboration has sparked the development of our tournament schedule, giving players more opportunities to win even bigger prizes. These enhancements mean that players now stand a better chance of winning valuable rewards, enriching their poker experience on the platform. Moreover, in the past year, the company has hosted 8 live event qualifiers. The company is now focusing on making our tournaments bigger and better, which is a promising development for our current and future partners.
Thanks to our partnership with operators that carry out business activities in South Africa, India, and Asia, we've been able to raise more cash actions on high limits and enhance liquidity on micro stakes. To add to this we doubled the prize pool and witnessed a 50% increase in the number of cash players. This means more players can now enjoy the excitement of higher-stake games and experience increased availability in the micro stakes, making our poker offering even more vibrant and accessible.
What are we working on right now?
We are currently focused on several key projects that are aimed at strengthening our presence in Latin America, as well as in various regulated markets more precisely in Eastern Europe. These strategic endeavors represent our commitment to expanding and solidifying our presence in these regions, allowing us to better serve our growing community of players and partners while maintaining compliance with local regulations and standards.
To increase the trust of our existing and potential partners, we are engaging with various testing labs to secure certifications for operators in regulated markets. Besides certification, we're also working on developing new security tools to detect fraud. In the past year, we've identified and compensated over 10,000 cases of fraud.
The footsteps that we have left behind throughout the year make it clear that Stretch's top priorities remain aligned with those of players and operators. As always, we are focused on providing a proper gaming ecology where everyone is safe, and fair play is something that cannot be surpassed. Bigger tournament prize pools and field sizes combined with a liquid cash game lobby keep adding value to all network stakeholders. Staying true to the ideology of being the best choice for everyone, be it a top grinder or an operator in the toughest market makes us believe that the best is yet to come.
Raise with us.