PoolTogether is a prize savings protocol, enabling you to win by saving.
Every dollar you deposit gives you a chance to win prizes. The more you save, the higher your odds!
PoolTogether is one of the first and most widely used DeFi (Decentralized Finance) applications and has been live for over three years. Since its inception, the protocol distributed over $5 million in prizes to depositors. The luckiest winner so far deposited $74 and won over $40,000.
How does it work?
This is possible because prizes are made up of the interest that accrues on all deposited funds:
PoolTogether is
PoolTogether is a Prize Linked Savings account powered by the blockchain. It's:
Provably fair
Prize draws at PoolTogether are transparent: anyone can confirm who won, when, and why.
Globally accessible
The protocol empowers everyone to save. It offers a level playing field where every user enjoys the same conditions.
Fully non-custodial
No one but you has access to your deposited funds. PoolTogether is non-custodial, meaning users can redeem their money from the pool at any time.
Open-source & secure
The protocol is made up of computer software: smart contracts living on the blockchain. The code is open-source for everyone to verify and validate. On top of that PoolTogether undergoes regular audits.
Decentralized
PoolTogether is user-owned and user-driven. Control over the protocol rests in the hands of the community holding the POOL token.
Growth Flywheel
The key to PoolTogether's growth and long term sustainability is large prizes. Large prizes attract more deposits which create bigger prizes attracting more deposits. This is the growth flywheel for PoolTogether.
The PoolTogether protocol will reach escape velocity when
However, the protocol has a "cold start" problem. Large prizes are needed to get deposits but to get deposits we first must have large prizes. Two mechanisms help overcome this, reserve capture and POOL token distribution.
The POOL Token & Kickstarting the Growth Flywheel
The POOL token solves the cold start problem. At the early stages, the distribution of the POOL token serves as an additional incentive to deposit into the protocol when prizes are not yet large enough to achieve escape velocity. People initially deposit primarily to receive the POOL token but these deposits create larger prizes and grow the reserve. Larger prizes begin to trigger organic growth. As organic growth increases and becomes self-sustaining the distribution of the POOL token can be reduced.
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.