PoolTogether was founded in September 2019 and is a lossless lottery system, built on the Ethereum blockchain. Users can buy lottery tickets, using Dai stablecoins or USDC. You can win $ 809 every week just by saving money.
Contents:
About the PoolTogether platform
You join the lottery by buying "cumulative coupons". Each cumulative coupon gives you a chance to win a bonus, but even if you don't win, you can keep all money. PoolTo gives you the opportunity to save money and win prize.
The developers argue that this feature helps users with small deposits compete with users with large funds. 1 ticket = $ 1, that is, one DAI or USDC tokens.
The scheme of work of the lottery, therefore, looks like this:
- users freeze their stablecoins;
- receive lottery tickets;
- after the drawing, everyone gets their coins back;
- one winner receives both his coins and savings over a period (1 day or 1 week).
The lottery prize pool is generated from income, generated by another DeFi project, Compound. Please note that developers do not provide white paper and roadmap. Therefore, the necessary information can be taken from the site itself or through social networks. The developers are on Twitter, which has already been subscribed to by more than 5,000 people. The platform's creators have worked hard to keep PoolTogether secure, including independent smart contract audits on OpenZeppelin and Quantstamp.
Features of dapp application
In order to take part in the lotteries, you just need to complete a few steps. First of all, you need to go to the platform website and connect Metamask (or one of the alternative Web-3 wallets). Then you should replenish the wallet balance with DAI or USDC coins. After buying a ticket, you should wait for the drawing. Please note that the wallet must have ether to pay for gas.
Other features:
|
Join the pool |
Each ticket is a chance to win weekly prizes. For every deposited 1 DAI, you get 1 ticket. |
|
Receiving prizes |
Prizes are funded solely from earned interest. |
|
Rewards |
At the end of the week, one person wins all accrued interest. |
|
No losses |
Whether you win or not, you get all your money back. You can withdraw your savings and winnings at any time. |
A significant proportion of people find value in the new concept and participate in the PoolTogether offering. Even though PoolTogether has been around for a short time, it has already gained a sizable user base. This provides an opportunity for everyone to contribute and grow the Ethereum ecosystem by linking four different projects into a single chain: PoolTogether, MakerDAO, Compound and Ethereum.